FX Quake EA

🚀 Core Strategy

1. Grid + Martingale Hybrid

• Grid Trading: When the initial position moves against you, the EA opens additional trades at fixed price intervals, forming a grid. The goal is to profit once the market reverses.

• Modified Martingale: Starting from the 5th trade in the grid, the lot size increases steeply—but less drastically than classic doubling models. For example, positions go from 0.01 lots → 0.05 → 0.25 lots by the 7th/8th orders.

2. Entry & Pips Interval Mechanics

• Contrarian entry: opens positions against short-term trends.

• Initial grid spacing: 25 pips, increasing by +3 pips per subsequent trade. Small pip intervals speed profit accumulation but also amplify risk.

⚙️ Risk Controls & Money Management

• Built-in drawdown limit: Stops adding positions around a preset drawdown or equity threshold.

• AutoRisk & RiskLimit settings: Auto-adjust lot sizes based on fixed deposit risk, e.g. 20–40% depending on pairs traded.

• Supports stop loss / take profit, trailing stops, and equity protection levels.

💹 Performance Data

• Backtests (aggressive mode) show staggering returns on 5 pairs:

  • GBPUSD +516k%, USDCAD +1.2M%, EURUSD +109k%, AUDUSD +44k%, EURJPY +170k%

• Live-trade stats (AUDUSD account, Myfxbook-based):

  • Around 338 trades over a year (~28/month), ~69% win rate, trade durations from ~1 hour up to ~9 days.

⚠️ Risks & Drawbacks Highlighted

1. High Risk from Aggressive Grid+Martingale

   • Rapid position stacking can trigger big drawdowns during strong trends or prolonged moves against the grid.

2. Backtest vs. Live Limitations

   • Backtest results may be “curve-fit” and not replicate under real market latency, slippage, or broker spread conditions.

3. No Holy Grail

   • Reddit and experienced traders warn that most EAs, especially promise-laden ones, eventually fail or underperform without strong, active risk management.

🧭 Should You Use It?

• Experienced traders / prop firm applicants might find value—especially if risk settings are conservative and well-tailored. But this EA is not a set-and-forget tool.

• To avoid “bot burnout”, you’ll need solid monitoring, rigorous backtesting, and good drawdown strategy. Best to treat it as part of your system—not a complete solution.

🔧 Recommendations for Safer Use

📝 Summary

The FXQuake EA leverages a grid + aggressive martingale method enhanced by various risk-management layers. While stats are impressive in theory and some live tests, it carries significant drawdown risk and depends heavily on calibration, knowing your broker’s behavior, and actively managing it. Community feedback underscores the necessity of pairing EAs with rigorous oversight and realistic expectations.