Gearbox 3.0 FAQ – Auvoria Prime

The main difference between Gearbox and Gearbox 3.0 is the level of risk management - with the help of hedging, it is more sophisticated in 3.0. This lowers drawdown levels while maintaining and in some cases even increasing long-term profitability. Gearbox 3.0 is less affected by black swan events and other more serious market shocks. Although not recommended by the developer of Gearbox, with 3.0 it is possible to run more volatile instruments with less risk. Gearbox 3.0 is only available for MT5 and is different from Gearbox 2.03 which is available for MT4.

What is hedging and how does it help my trading?

Hedging secures initial direction trades with opposite direction trades in cases where the initial trades go into noticeable drawdown. This lowers the risk of getting into a high drawdown overall, it will also minimize losses when a stop loss is hit. It will also help increase profitability by closing opposite direction trades when they are in enough profit and at the same time initial direction trades are waiting for a reversal to happen. When the reversal happens, the initial trades will also close out in profit - effectively Gearbox 3.0 is capable of winning with every market move.

Can I still use the old Gearbox?

Yes, you can still use the old Gearbox, it will still work great for you. If you’ve liked how Gearbox works you can keep using it, and be profitable in the markets with it.

Can Gearbox 3.0 be used on MetaTrader 4?

No, Gearbox 3.0 can only be used on MetaTrader 5. You can use the 2.03 version of the Gearbox on MetaTrader 4.

How do I keep up to date with Gearbox 3.0 news and updates?

Make sure you join our Gearbox 3.0 group on Telegram to stay up to date with all the news and updates.

What Kind of Monetary Returns Can I Expect?

It's impossible to state the exact returns users will get with the software because market conditions vary. Users also wholly control the software settings, and the selections will affect trading results.

The amount of trading knowledge users have will also affect the win ratio because of a better quality trade notification being recognized.

Here are some MyFXBook links to official GearBox trading accounts. There’s no guarantee of the same returns, but it is an example of what is being done with GearBox.

Gearbox 1 - This account started on October 26, 2020, and only trades USDCAD with swing settings.

Gearbox 2 - This account started on October 26, 2020, and only trades AUDUSD with swing settings.

Gearbox 3 - This account started on November 3, 2020, and only trades EURUSD with swing settings.

Gearbox 4 - This account started on April 5, 2022, and is a mixed trading strategy.

How much time does this tool require weekly?

It’s recommended that users check their accounts throughout the day. It’s easy to do on almost any media device. Users should also join the free product support group to discover how other traders use the software and learn about market conditions that could indicate turning off the software to avoid severe market volatility. Ultimately, a few hours a week will suffice to manage trades with GearBox.

Users in the United States must also approve trade notifications sent to their accounts. This will take a little time throughout the day. Before approving a trade idea, users can glance at market conditions before approving the trade.

What kind of trading skills are required?

The software is designed to operate with minimal involvement and can be used with any level of experience in trading. Auvoria Prime suggests that users take time to learn how the software works and become familiar with the fundamentals of trading. The more users understand the more profitable their trading experience will be.

Is this software legal to use in trading?

Yes, all of the Auvoria Prime software is legal to use in trading. The MAV (Manual Alert Verification) feature is for users of countries that forbid using fully automated software. However, some users prefer to use the MAV feature to give them time to check a trade idea before the software enters the trade.

Which assets can the software be used with?

Gearbox is designed to trade forex pairs. While creative traders experiment with Gold, Indices, and other instruments, we must reinforce that Gearbox was not designed for this use. Please be careful in your trading.

How much support do I get with the software?

Auvoria Prime believes in the importance of support and provides users with insight calls specific to their software. The Gearbox Setup Course will help users set up and start using the software, and there's always the 24/7 Live Chat and ticketing service along with a robust Help Desk that includes tutorial videos and step-by-step instructions.

Can I use Gearbox on a Prop Firm?

Auvoria Prime does not promote Prop Firms due to the experiences we have heard about how they are run. Auvoria Prime has no partnerships with any companies that offer Prop Firms and does not recommend Prop Firms unless someone is experienced and familiar with the Prop Firms’ rules.

If an Auvoria Prime member chooses to use software from Auvoria Prime, the company will not accept any responsibility for losses incurred on the Prop Firm. Please do your due diligence if you will use a Prop Firm and, as always, trade with only what you can afford to lose.

What Type of Forex Trading Strategy Software Is GearBox?

GearBox uses a Grid-based strategy.
Although most Grid-based products fail during significant market movements, this is where GearBox can shine.
Based on data, you can " choose your Gear Entry" and wait until a Long Trend is ending to Enter Right before a Pullback.
So the strategy can be a bit different based on the settings.
It is a Counter Trend Trader, but you can Ghost Trade the Trend (Where you would have gotten into drawdown) and Then Enter Trades in the Real Market before the Pullback or Retracement.

Which Currency Pairs Can GearBox Work With?

GearBox can work with any currency pair with the proper settings.
We have historical data and GearBox entry choices on the 25 pairs below.
The seven green pairs are the Major Forex Pairs and are great options for GearBox on the Foreign exchange market.
Due to GearBox design, any currency pair can work if you understand the average range that currency pair moves before a retracement! With that knowledge, you can design some great setups.

AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURJPY, EURUSD, GBPAUD, GBPCAD, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY

Should GearBox Forex EA Be Used with Multiple Pairs?

With this software, you can scan all currency pairs you want for entries. Still, also you can set a " Maximum Pairs Trading at Once" to guarantee you never over-leverage your account by entering too many different Currency Pair Setups at once.
Depending on your balance and risk, the max you might trade simultaneously at once could be anywhere from 1-6 pairs trading.

What Is the Goal of GearBox Forex Trading Software Software?

The goal of the forex trading software is to catch a solid amount of pips on every trade, with low lot exposure on the total account.
Large lot sizes are not needed to experience account growth due to the amount of pips GearBox can secure on trades with customizable TP settings.

How Long Should GearBox Be Used per Week?

This expert advisor software with Swing and especially Sniper Strategy can run all week 24/5 if a customer chooses to do so!
All of that is End-User Choice.

What Time Frame Is Best to Use with GearBox?

Daily

When Should GearBox Be Turned On?

The forex trading software will begin analyzing and entering Ghost Trades 2 hours after the Market opens.
Two hours after Market Open is when the spread usually gets lower on most brokers.

When Should GearBox Be Turned Off?

The forex trading software can be turned off by the user at their discretion but can run and analyze 24/5 with proper settings.

What Are the Best Trading Sessions for Optimal Performance Using GearBox?

All sessions are suitable for this strategy, although the London Session is where GearBox tends to find its best entries.

What Is the Minimum Balance for the Best Result on GearBox?

$250 can work
$500 is better
$1000+ is ideal

What Is the Normal Anticipated Amount of Draw down to Expect Then Using GearBox?

The average drawdown is all based around your settings, but ideally, a $250 -$500 account; max will want to see 50%
$1000 ideally, max you'd want to see 30%
On larger accounts, 15% is max ideally comfort level-wise, you'd like to see
With conservative enough settings, 5-10% could be very realistic for larger accounts.

Which Days of the Week Are Best for GearBox?

Every day that the Forex market is Open

Should GearBox Be Used over the Weekend?

You can hold trades over the weekend, yes, but GearBox, by default, will delete any Ghost Trades that are not open in the Real Market on the weekends.
If you have open profitable trades on Friday before the market close, it is final user discretion whether you want to take your profits off the table or not.

What is the recommended leverage for Gearbox?

The Recommended leverage for Gearbox is 1:500.

What Happens if I click on Pause on GearBox?

Clicking on Pause will cause the EA to continue to manage any open trades but will no longer open any new trades for that specific currency pair.

How Much Time Does Gearbox Take to Manage per Week?

A customer is expected to spend at least 2 hours weekly managing this product.

Part of this time is taking a look at your trading account Daily.

There are also two calls per week at the beginning and end of the week in which the developers will host live to show data on different accounts and currency pairs.

What Makes GearBox Software Unique?

What makes GearBox unique is the existence of Ghost Trades, which is the base strategy actually trading on a "Note Pad" behind the scenes.

Then, GearBox would deploy Trades on your actual trading account based on where you selected your Gear Entry to be on different pairs.

In the image below is a Live account trading EUR/JPY. In the Ghost trades server, there are three trades open on the "NotePad," but on the actual live account, there 0 open trades on EUR/JPY.

In these demonstrational settings, the software would have entered the Live account on Gear 3, which means the next trades where the trade would continue to go against it in the Ghost server, will now enter the live account while skipping Gear 0, 1, and 2.

Who is GearBox Forex Trading Software Best For?

This Strategy is best for someone who is already somewhat familiar with Forex and Expert Advisor (EA) Trading.

With proper mentorship, a Beginner can have success as well!

How Long Has GearBox Been Running Live?

GearBox with the Gear Selector has been running on a live account for over six months now in its current form. The GearBox developers have continued to add more user-friendly features to give more flexibility and control to end-user/traders.

How Long Has GearBox Been Tested on Historical Data?

The base strategy had been tested on 25 pairs for 9 months to see exactly how often they hit certain "Gear" entries.

Which then allowed the developers to take that data and say do not enter until "Gears Above" #1,2,3 etc.

Essentially skipping draw down and getting the best entries right before a Swing, Pullback, or retracement.

What Makes GearBox Different?

This specific Forex Trading EA was designed to have a better chance of avoiding drawdown and major market crashes.

It has the ability to secure phenomenal swing trade entries.
Has a built-in "Sniper Strategy" built in the EA

The Sniper Strategy was designed using EAs that were grid and counter-trend-based and waiting until they fell victim to drawdown to enter manual positions on a separate account.

Doing this, GearBox Forex Trading EA was created where it doesn't randomly enter or automatically take trades but looks at proper setups based on your Risk Parameters and enters based on your choice of "Gear Entry."

Is GearBox a Set It and Forget It Forex Trading Software?

This product is not a "set it and forget it" forex trading software.

It does require understanding and some forex knowledge.

Can I add multiple software to trade on one account?

Yes, you can add a different expert advisor (EA) to separate Meta Trader instances and log them into the same account. So, while this is possible, it is very important that you consider your risk allowances.

For example, if your balance is $5,000 and you have two software that will be trading on that account, you will need to adjust your position sizes of trades so that each EA can only trade 50% of the balance. This is suggested but you can create your own strategy. Make sure your risk management strategy is decided and employed in your trading.

How Many Trades will GearBox Take?

For balances between $250-$500, the software will take less than 10 trades per month
$1000-$1500, 15-25 trades per month, & on swing settings, 35-50 trades per month
A balance of more than $1500 could be around 12 trades per week

Gearbox Troubleshooting

Why does my Gearbox not take any trades?

There are a few reasons why this could be happening, and we will list them from the most frequently encountered to the least.

Allow WebRequest

a. The URL https://auvoriaprime.com was not added to the Allow WebRequest. Here are instructions to make sure this is done correctly.

b. Go to the Expert Advisors tab. Make sure these boxes are ticked. Add https://auvoriaprime.com to the WebRequest for the listed URL.

Keep in mind Gearbox enters ghost trades before entering real trades, so if you don't see any opened trades, go to the experts in your Toolbox, and see if there are Ghost trades active. If there are ghost trades, there should be real trades opening soon.

Gearbox Support Options

You have several support options available to you that are yours to use.

Insights Call - Once per month and when needed, Tyler streams live and shares updates on the previous week's trading results and shares updates and more about his own personal use of Gearbox. Call details are on the Events Page. The call is hosted in AP Live; read this article to find out how to access the call live.
YouTube Channel - Recordings of the Weekly Insight calls are available on the Auvoria Prime YouTube channel, and you are highly recommended to watch them.
Help Desk - The Auvoria Prime Help Desk has Live Chat support, ticket support, and a large knowledge base of articles to learn from.
Send an Email to Support - support@auvoriaprime.com - Send an email, which will be converted into a ticket and replied to asap by a customer support representative.
Telegram Channel - Join this channel to receive announcements regarding Gearbox.
https://t.me/gearbox

What are the main differences between Gearbox and Gearbox 3.0?