Gratified Long Term Day Trader is a Forex robot that trades 14 different currency pairs on a single chart. The use of multiple instruments diversifies risk in that even if one pair is not performing well, there will always be three or more performing very well. So, the owner asks you not to worry when the system makes a $50-$80 loss because he has designed it to recover such losses and even make more profits.
Scott Fredeman is the individual behind this system. He is a developer of Forex EAs and says he is passionate about creating only the best trading systems that will help you make profits yearly. Market Crusher Pro, Trend Crusher, Midnight Blitz, Aggressive Grid Sniper, Blazing Night Scalper, and EA Monster Multiple Strategies are the other systems Scott has created.
We have listed the EAs features below:
- It works with both MT4 and MT5 trading terminals.
- The robot is not sensitive to spread and will hence work with most Forex brokers.
- It supports these cross pairs; AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURCHF, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPNZD, GBPUSD, NZDCAD, NZDUSD, and USDCAD symbols.
- The EA trades on the H1 chart.
- It applies stop losses and take profits on orders.
- Customer support is available.
Trading strategies and currency pairs
The EA works with both trend and counter-trend strategies. As such, it leverages the daily price movements of the 14 aforementioned currency pairs to make profits for users. Various moving averages are used to determine the entry-level of every trading instrument. The system will open 10 or more trades at a time.
Find out how the above-mentioned trading strategy performed during backtesting below:
The system was backtested from 2010 to 2021. It conducted a total of 6335 trades, attaining unimpressive win rates of 54.79% for short positions and 53.44% for long ones. The resulting profit amount was $65843.02. A maximum drawdown rate of 10.84% was made, showing that the robot applied minimal risk during trading. The average profit trade was $113.24, while the average loss trade was -$110.89.
Gratified Long Term Day Trader trading statistics
The account, which was opened in December 2021, is currently operating at a loss. The initial deposit ($1500.53) has significantly decreased to $937.18, owing to the loss made (-$47.90) and the withdrawal of $500 from the account. To date, the account has only grown by 7.31%, which doesn’t inspire confidence in the EA’s trading decisions.
We have 187 executed trades with an average profit factor of 1.01. A majority of the short positions struggle to make profits as only 45% of them have been successful. The win rates for long positions (56%) are slightly better. On average, the system holds a position for a long period—7 days. At the moment, the average win is 133.48 pips, whereas the average loss is -128.14 pips.
The EA trades using long timeframes and sets large SL and TP levels on orders. There were instances where the system managed to reach the TP targets. The use of stop losses also helped it mitigate losses.
The EA was very profitable in January as it managed to make 25.22% worth of profits at the time. However, it made losses in February and March and is still trying to recover from the bad performance to date.
Pricing and refund
You can get this EA at a one-time price of $299. No refund policy is included in the package.
What else you should know about Gratified Long Term Day Trader
Nine traders have reviewed the system, and a majority of them have positive things to say about it. Apparently, the EA gives them good profits. A negative review is also present, but it’s conveyed in Spanish. According to this trader, the EA loses more than it wins, so you might eventually lose all your capital.