Gratified Long Term Day Trader is a trading solution for working with the Forex markets. The core strategy principles are based on a trend and counter trend strategies. Let’s talk about the details and explanations that we could find.
Features
The presentation includes various explanations about what we can expect from the system.
- The advisor can help everyone to open and close deals on the market automatically. We may do whatever we want.
- The system can work on both MT4 and MT5 terminals.
- Its owner updated the advisor in January 2022.
- He decided to increase pricing from $299 until it becomes $499.
- We are not sure that the system is that good to cost that much.
- There’s a recovery mode available to recover an account after losses.
- The core strategies are based around a trend and counter trend strategy.
- It supports opening 10 deals at the same time.
- This sets our account at higher risks.
- The advisor checks daily price movements.
- The broker to test and work with can be Dukascopy.
- The robot works with a moving average indicator.
- It works in the best way with EURUSD on H1.
- We can trade fourteen pairs at once: AUDCAD, AUDJPY, AUDNZD, AUDUSD, EURCHF, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPNZD, GBPUSD, NZDCAD, NZDUSD, and USDCAD.
How to start trading with Gratified Long Term Day Trader
The advisor is available for as low as $299 for a single real account copy. There are no subscription options provided to give the system a try. We can download a demo copy of the system to check parameters on a terminal and perform some backtests.
Backtests
The presentation includes a backtest where many pairs were tested at once on the data from 2010 to 2021. An initial deposit was $1,000. The total profit has become $822,494. Gratified Long Term Day Trader obtained 95393 pips. The profit factor was 1.22. It received a 54.11% win rate. The maximum drawdown was 44.76%. The win rate was low and drawdowns were high. An average trade was $129.83.
Verified trading results of Gratified Long Term Day Trader
The system has been running a real account with 1:40 leverage on OANDA. We almost don’t know traders who use this broker house. The maximum drawdowns is 11.9%. It works with a huge maximum deposit load of 83.1%. The win rate is 56.8%. The account exists for 10 weeks. The absolute growth is 25.63%
An average trade frequency is 10 deals weekly. An average holding time is 6 days. It’s a big period for the H1 time frame.
The system is going to lose February 2022.
We may note that the seven orders were lost.
Gratified Long Term Day Trader executed 95 deals. The best trade is $20.01 when the worst trade is -$18.63. The recovery factor is 1.86 (it was over 4.5) when the profit factor is 1.51 (it was almost 2). An average monthly gain is 17.84% only. We have no annual forecast provided.
GBPAUD is the most actively traded pair with 12 deals closed.
People feedback
The last comment just matched the results we have seen. So, the advisor most likely should be updated.
Scott Fredeman is a dev from the US with a 14,958 total rate. He has over five years of trading experience and has designed 8 products. They were demo downloaded 1657 times.
Is Gratified Long Term Day Trader a viable option?
Advantages
- A backtest report shared
- Trading results provided
Disadvantages
- No risk advice given
- No settings explanations provided
- No money-management advice given
- Trading results showed that the system loses a lot
- No rental options available
- No refund policy applied
Gratified Long Term Day Trader is an expert advisor that executes orders on a real market. It has been working well until February 2022 when it began losing much. We don’t know what happened to it. So, we’d like to see how this issue will be solved and how it will work after this.
