FXHelix Review: Is This EA Scam or Top Performer?

FXHelix Review: Is This EA Scam or Top Performer?

Share This!

FXHelix is a brand new expert advisor utilizing grid trading and trend following strategy. This way, the developer believes that the expert advisor can generate stable profits every day without suffering long draw downs. There are also lots of things that wants us to know. They have published the following statement on their website and we think it is worth taking a look at this.


”The main idea of the EA is that a price in the Forex market to a greater extent has a certain amplitude of fluctuation – replacing an upward movement, by a downward movement. Based on this principle, the EA collects a recent data on price movements, in order to find a deviation from the average rate of price movement during a certain period of time. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.

FXhelix EA uses pending orders to accurately execute each trade, and so that we would not lose anything on requotes and were able to minimize all possible slippage of the opening price. FXHelix is not a Scalper and not an Arbitrage EA, which makes it compatible with any MT4 broker. That means, you can repeat the results of trading presented on our account at any honest MT4 broker.
Taking into account features of the algorithm and the fact that the EA uses a sufficiently large Take Profit, sometimes trades can stay open in the Market for a long time.

However, this does not prevent it from consistently bringing a profit every month. Also, this kind of approach provides a more reliable trading style, which also fits in well with other different strategies. This means FXHelix will work well with almost any other strategies in the same portfolio.
FXHelix works on AUDUSD, and the initial deposit can be as little as $240 using lot 0.01. Our EA can also work with leverage from 1:50 and is compatible with NFA rules.

The above statement is quite lengthy and although the developer is trying to communicate as much as they know concerning the expert advisor, we still feel like they are not giving us the exact strategy that drives the expert advisor’s functions. So in this post, we will provide you with a full review and analysis, so you know whether or not this is the type of system you should add to your trading accounts today. In the meantime, you can check out these trading solutions in case you are looking for a reliable expert advisor.

NB: Interested In Mining Bitcoin And Other Cryptocurrencies for Profit? Now, You Can Mine Better, Faster and Smarter for More Profits With The Ready to Use, "High Performance", and Approved IQ Mining BTC Cloud Service For Miners.   With This Mining Service, You Will Get Up to 128% Yearly ROI from Mining Bitcoins Alone Without Having to Buy Any Expensive Mining Hardwares and Softwares! Not Only That, You Will Get Your First Payout In First Few Hours After Buying a Plan With IQ Mining. You’re Also Given a Dedicated Account Manager After You Buy A Plan Who Will Help You With the Best Pool Allocations and Account Setup Plans To Get the Most Out of Your Purchase.


FXhelix review

There is no information about the vendor, a side effect the website claims to be powered by Forex Store. We assume this means that the product is owned by the Forex Store, but their website also has no real information about their location or trading history Forex marketplace. It would be beneficial to everyone, for the developer to provide some of this information as to add some clarity and much-needed transparency.

In order to get in touch with support, traders can fill out a contact form located on the website. There is no direct email address or phone number. Our first impression of the FXHelix website is that it’s well put together, and quite unique looking. There is a couple of back tests, a Myfxbook account, and some short descriptions about the robot, and how it approaches the market. So, let’s get into that now.

The strategy used by FXhelix EA

This grid / trend based approach, opens approximately 1 trade every 3-4 days. Is built to analyze “the history of price movements in order to notice of price movement that goes against the expected average movement on currency pair.” Using this data, the robot will make a final decision before opening a trade.

As we can see in the Myfxbook account, the vendor does explain that the trades can stay open in the market for a long time, but claims that this does not prevent the software from being profitable.

The last aspect of the strategy we want to point out, is that the system will utilize martingale tactics in 10% of the trades in the hopes of achieving more profit. Generally, martingale systems don’t make our best Forex robots page, but at 10%, we won’t remain close minded on this just yet.

The FXHelix is currently available for $210. At this price, traders get access to one lifetime license for any account, free lifetime updates, 24/7 support and a full user manual. The only issue we see with this approach, is the traders only get access to one lifetime license. So, you can either utilize the license either demo account or your live account. Generally, we prefer it least a handful of demo accounts as well, so that we can run more tests, and find the most profitable approach suitable to our needs.

It’s our recommendation, that the vendor adds some demo accounts to the license package.

Trading performance

The FXHelix provides a single live Myfxbook account with the FXOpen brokerage. This account is showing a gain of just over 300%, and a draw down of 52% since it was launched on July 2nd, 2018. During this time, the robot traded 94 times, with the best rated coming in at 103 pips, and the worst trade losing 464 pips. Even with those numbers, the risk reward ratio is still effective with the average win coming in at 45 pips, and the average loss at 81 pips. This makes a risk reward ratio of approximately 1:2, which is certainly viable, especially when you are winning around 70% of the trades, which this system does.

The only notable concern when it comes to this trading account, is the fact that they suffered a large drawdown of 52%. It’s surprising to see such a large drawdown, because the system is advertised to have an incredible drawdown control.

Our best advice for you

It appears that the creators of FXhelix are not willing to tell us that the system has a huge draw down. We won’t be including this system in our list of trading solutions at the moment. 

If You'd Like to Get Notified When This Blog is Updated, Subscribe Below...

Review Date
Product Name
Author Rating

Leave a Reply

Your email address will not be published. Required fields are marked *


Binary Option Scams, Warnings, Reviews & Updates...


Popular Articles

Follow Us cannot be held liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Both Forex and Binary options involve high-risk and are not suitable for all investors. Either Forex or Binary options may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More

Show Buttons
Hide Buttons