FX JETBOT is an EA that combines grid trading and martingale.
Although it is not an EA that holds a large number of positions, it enters with a lot size nearly 5 times larger after a loss. This is a very risky EA.
| Price | $345 |
| License | 1 account per license |
| Currency pair | AUDUSD,EURJPY,EURGBP,EURGBP,USDCAD,EURUSD |
| Terminal | MT4,MT5 |
| Money back guarantee | Money back guarantee available. However, this is limited to cases where a drawdown of 40% or more occurs despite operating according to the vendor’s recommended settings. |
FX JETBOT EA live performance (forward test results)
The following is the result of trading two currency pairs, USDCAD and EURGBP, in the same account.
It has a very nice profit curve.
There are losses here and there, but they are quickly recovered.
I will explain in detail below how FX JETBOT EA recovers losses and why it draws a beautiful profit curve.
The results of operating USDCAD and EURGBP in separate accounts are published, but the results of other pairs are not. Perhaps other currency pairs are not showing good results.
FX JETBOT trading strategy
FX JETBOT is a martingale EA.
It’s trading strategy consists of three patterns.
Pattern ① – 35 pips profit taken on first position
If the first entry makes a profit of 35 pips, take profit.
Below is an MT4 trading history chart that shows a take profit of 35 pips on the first entry.
■USDCAD 15 minutes Chart White=Buy entry Red=Sell entry
Pattern ② – Grid trading with two positions
・If the first position has a loss of 100 pips, open an additional position in the same direction as the first position.
In this case, the lot size of the additional position will have the same value as the first position.
・If the total of two positions (initial and additional positions) yields a profit of 70 pips, it executes a take profit.
(All positions will be closed with a loss of -15 pips for the first position and a profit of 80 pips for the second position. The net profit is 70 pips.)
Below is an MT4 trading history chart showing take profit in a grid trade of two positions.
■USDCAD 15 minutes Chart White=Buy entry Red=Sell entry
Pattern ③ – Recovery trade with 5x lot size
If the first position has a loss of 100 pips, open an additional position in the same direction as the first position.
In this case, the lot size of the additional position will have the same value as the first position.
If the two positions result in a total loss of -300 pips, it will execute a stop-loss cut.
(The first position will be closed with a loss of -200 pips, and the second position will be closed with a loss of -100 pips. The net loss is -300 pips.)
If this loss occurs, execute a trade with the lot size approximately 5 times larger.
If a trade with a 5x lot size yields a profit of 70 pips, close the position.
A trade with a 5x lot size will yield a profit worth 350 pips. (70pips×5)
The following is an MT4 trading history chart showing a 5x lot entry after failing in grid trading for two positions.
■USDCAD 15 minutes Chart White=Buy entry Red=Sell entry
Since the previous losing trade was -300 pips, the profit equivalent to 350 pips will completely recover the previous losing trade, and the series of trades will generate a profit equivalent to 50 pips.
The direction of a trade that increases the lot size by about 5 times may or may not be the same as the previous trade.
The trading method of FX JETBOT EA is similar to GPS FOREX ROBOT, which is a highly popular EA.
GPS FOREX ROBOT has achieved impressive results in forward tests, but after a loss occurs, it trades with a 7x lot size.
FX JETBOT first entry logic
The direction of the initial entry tends to be opposite to the direction of the long-term trend.
Below is the long-term trading history chart of FX JETBOT EA’s MT4.
■USDCAD 4H Chart White=Buy entry Red=Sell entry
About the dangers of FX JETBOT
The maximum number of positions held at the same time is two, so at first glance it trades like a low-risk EA.
On the other hand, if a stop loss occurs on two positions, the trade will be executed with 5 times the lot size.
If a trade with 5x lot size is successful, it is possible to fully recover the previous loss.
However, if a trade with 5x lot size goes wrong, you will incur significant losses.
Your account balance will probably drop to 0 all at once.
This is a very high-risk trading method.
So far, this EA has never failed in a trade with a 5x lot size, and all have been successful.
However, this does not guarantee future success.
FX JETBOT backtest results
The backtest results of FX JETBOT EA in AUDUSD are shown below.
| Test end | 2023/01/20 |
| Operation period | 60months |
| Initial deposit | 5,000 |
| Operational lot size | Adjusted by balance |
| Final balance | 5,231,842 |
| Total net profit | 5,226,842 |
| Rate of return (overall) | 104636.8% |
| Monthly rate of return (compound interest) | 12.3% |
| Monthly rate of return (simple interest) | 1742.3% |
| Relative drawdown | 79.5% |
| Maximum drawdown (amount) | 3,023,003 |
| Profit factor | 1.79 |
| Winning rate | 78.2% |
| Total trades | 464 |
The backtest results also look very good.
However, there are some uncertainties about this backtest result.
First of all, the backtesting period is very short at 5 years.
Also, the total number of trades is 464, which is not a sufficient number.
The backtest results are not reliable and may have been optimized over a short period of time.
If the number of trades increases during a long-term backtest, the test account may become bankrupt.
Vendor of FX JETBOT
FX JETBOT EA is sold by the same vendor as FXSTABILIZER, Forex Truck, etc.
The basic strategy of the EA they sell is a combination of grid trading and martingale.
FXSTABILIZER and Forex Truck hold large amounts of positions at the same time.
On the other hand, FX JETBOT EA does not hold many positions and increases the lot size after loss cutting.
Whether an EA like FXSTABILIZER that waits until all positions are profitable or an EA that increases the lot size significantly after cutting losses like FX JETBOT is more advantageous depends on the market situation.
Therefore, it is not possible to make a general assessment as to which type of EA is better.
Conclusion of FX JETBOT
It has achieved very good results in forward tests.
The advantage of using FX JETBOT EA is to offset past losses and quickly accumulate profits through recovery trades.
However, trading techniques are extremely high risk.
If a trade with 5x lot size fails, it will wipe out your account balance.
It is true that a high rate of return can be expected, but you should understand the risks before using it.
