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 settings.
It is a Counter Trend Trader, but you can Ghost Trade the Trend (Where you would have gotten into drawdown) 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.

Forex Trading Software

Should GearBox Forex EA Be Used with Multiple Pairs?

With this software, you can scan all currency pairs you want to 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, your 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 Drawdown to Expect Then Using GearBox?

The average drawdown is all based around your settings but ideally, $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 a 0 open trades on EUR/JPY.

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

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

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What Type of Forex Trading Strategy Software Is GearBox?