Better Advisor
Sooner or later, every trader who works with advisors on the Forex market begins to think about the impermanence and
instability of this type of activity. This is due to the fact that the market is rapidly changing, and the players who participate in it are becoming more cunning and inventive.
After all, we must understand that we earn when someone else loses. Such a constant battle leads to such progress that not one adviser can survive even a year.
Better Advisor was the answer to such a fast-growing market. The concept of the advisor is that if the market does not stand still, then why should the trading expert not develop?
This formulation of questions led to the fact that the advisor needs to be created in such a way that it can learn on its own. The developers of the advisor created it based on a neural network, thus giving the expert the opportunity to self-learn.
This advisor is installed like a regular expert. To do this, download the advisor itself at the end of the article and place it in the expert folder of your terminal. After restarting the terminal, it will appear in the list. To work, simply drag the expert onto the chart and click ok.
The advisor uses trend trading tactics. The currency pair can be any, but before starting work, the advisor needs to be trained in the tester through optimization. In this article, I will not focus on how to properly optimize an advisor, but will simply attach instructions on how to optimize together with the advisor itself. The working time frame is considered n1, but the advisor can also trade on other time frames.
This advisor may appeal to more experienced traders because it does not take very many positions. Unfortunately, only experienced traders understand that it is better to enter the market once and get the maximum out of it, rather than enter 20 times to gain a couple of points. This expert also uses clear stop orders, so the drawdown on the account will always be very small.
The settings are not typical. For example, the Warp line means distortion factor, and the Amplitude line means amplitude. In the Distortion line you can change the distortion parameter. The Lot parameter, like all advisors, is responsible for the trading lot with which the advisor will open a position. In the SL_long line you can set a stop order for buy positions, and in the SL_short line the value of the stop order in points for sell positions. The SL_long_EQUAL_SL_short line ensures that when this function is enabled, all orders will have the same stop order. I recommend not enabling this option.
I decided to do the first test with default settings on the euro/dollar currency pair for the last five months. The deposit was chosen as 1000 bucks. You can see the test result in the graph below:
As you can see, the parameters set by the creator of the algorithm in 2007 turned out to be valid at the current moment. If you take the test earlier, the adviser becomes unprofitable. This profitability suggests that the patterns that were present back in 2007 have surfaced this year.
Overall, I think the advisor is profitable. Before placing the advisor on a real account, do not forget to optimize it and test it in operation on cent accounts .