Advisor 10 pips multiplus
The 10 pips multiplus advisor is an implementation of the most popular breakout trading strategy of the minimum or maximum of the previous day. The idea of trading on the breakdown of important levels is far from new and is explained quite simply.
All of you have probably noticed more than once that when you open a daily candlestick chart, the candles follow each other almost strictly, forming a clear trend without any deviations.
The logic of the strategy essentially boils down to the fact that if the price has passed the minimum of the previous candle, then the price will close strictly below it and continue its downward movement. When the price breaks through the high of the previous candle, it should consolidate behind it and continue the upward trend.
Actually, from a logical point of view, the essence of the strategy is very clear and explainable, but do not forget about such a concept as volatility, when the price can move in both directions and disrupt two orders, and close in the middle of the previous candle.
Installing the 10 pips multiplus advisor
The 10 pips multiplus advisor is designed specifically to work in the MT4 trading platform, so in order to test it and start working, you need to install it. To do this, go to the expert folder in your data directory and drop the advisor downloaded at the end of the article into it.
Next, simply go to the navigator panel and perform an update by calling up the menu with the right mouse button. It is worth noting that the advisor is multi-currency and works only with the following currency pairs: EURUSD, USDCAD, GBPJPY, USDJPY, AUDUSD, NZDUSD, CHFJPY.
Since the strategy is based on the breakdown of the minimum or maximum of the previous day, it does not matter what time frame you place the advisor on, since the algorithm of work will not change. For the expert to start working, drag it onto any of the listed charts of the currency pair:
Settings 10 pips multiplus
The experts' developers made basic settings, but the martingale itself remained closed to the user. The Lot line indicates the initial position volume for the first order. If you leave everything by default, the expert will calculate the position volume independently.
The Slippage parameter is responsible for quote slippage, and the Take Profit line specifies the profit for the transaction. Line v_1…v_10 indicates the currency pairs on which the expert can work. You should also know that you can independently enter the currency pairs you are interested in and which you would like to trade.
The filtr line specifies the offset from the extremum for entering a position using certain currency pairs.
In the Distans line, you set the distance in points until the price approaches the minimum or maximum of the previous day, after which you will see a sound alert. In the Sound line you can turn the sound signal on or off. The EA also contains the MagicNumber parameter, thanks to which the EA does not touch orders opened manually or by another expert.
Backtesting 10 pips multiplus
The advisor opens a very small number of orders, so the author recommends working with all currency pairs at the same time, which will allow you to hedge risks and increase profits. The first test was carried out on the EURUSD currency pair for the period from January 1, 2015 to March 10, 2016. See the result below:
On the chart we see a rather beautiful balance curve, but it is worth noting that the expert’s profitability was only 12 percent, and this despite the fact that the drawdown reached 47 percent.
If we talk about the profitability of the strategy, 71 percent of transactions were closed in profit. Test result on the GBPUSD currency pair:
For the GBPUSD currency pair, the advisor behaved more conservatively and was able to bring 15 percent of profit with a maximum drawdown of 22 percent.
Overall, the 10 pips multiplus advisor showed an excellent yield curve, but the risks remain high. The fact is that when working multicurrency, the probability of getting into a large drawdown when automatically calculating a lot is very high, so you must independently indicate the lot acceptable for your deposit after detailed testing.
Download advisor 10 pips multiplus