Better Advisor
Sooner or later, every trader who works with Forex advisors begins to wonder about the volatility and
instability of this activity. This is because the market is rapidly changing, and its players are becoming more sophisticated and inventive.
After all, we must understand that we only gain when someone else loses. This constant battle leads to such progress that no advisor can survive even a year.
The Better advisor was a response to this rapidly evolving market. The concept behind the advisor is that if the market isn't stagnant, why shouldn't a trading expert advisor evolve?
This approach led to the need to create an advisor capable of self-learning. The advisor's developers based it on a neural network, thus giving the expert the ability to self-learn.
This Expert Advisor is installed like a regular Expert Advisor. To do this, download the Expert Advisor itself from 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 use it, simply drag the Expert Advisor onto the chart and click OK.
The EA uses trend-following trading tactics. It can be used with any currency pair, but before using it, it needs to be trained in the tester through optimization. I won't focus on how to properly optimize the EA in this article; I'll simply provide instructions on how to optimize it along with the EA itself. The working time frame is H1, but the EA can trade on other time frames as well.
This expert advisor may appeal to more experienced traders because it doesn't take many positions. Unfortunately, only experienced traders understand that it's better to enter the market once and squeeze out the maximum, rather than enter 20 times, each taking a few pips. This expert advisor also uses precise stop orders, so the drawdown on the account will always be very small.
The settings are atypical. For example, the "Warp" line denotes the distortion coefficient, and the "Amplitude" line denotes the amplitude. In the "Distortion" line, you can change the distortion parameter. The "Lot" parameter, as with all expert advisors, determines the trading lot size with which the expert advisor will open a position. In the "SL_long" line, you can set the stop order for buy positions, and in the "SL_short" line, the stop order value 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 parameter.
I decided to run the first test with default settings on the EUR/USD currency pair over the past five months. I chose a deposit of $1,000. You can see the test results in the graph below:
As you can see, the parameters set by the algorithm's creator in 2007 are still valid. If we test earlier, the advisor becomes unprofitable. This profitability suggests that the patterns that were present back in 2007 have resurfaced this year.
Overall, I think the EA is profitable. Before deploying it to a live account, be sure to optimize it and test it on cent accounts .
