Advisor for small deposits - "Squid"
Many beginners, switching from manual to automatic trading, are often faced with such a banal problem as simply a lack of funds. Of course, we can say that most brokers have cent accounts and with little risk you can try yourself in this field.
Unfortunately, sometimes not everything is so simple, sometimes you need to change broker, losing money on commissions, or simply trading conditions on classic accounts are much more favorable than on cent accounts.
Advisor for small deposits "Squid" is a unique trend advisor that enters on large trend movements. The advisor calculates the period using a certain formula and if the price exceeds it at some point by a certain number of points, then the advisor enters a position.
The robot does not use such risky methods as locking positions , as well as martingale. For full functional work, 100 bucks on a classic account or 1 green on a cent account is enough. As you can see, absolutely anyone of income can test the advisor, be it a schoolchild or a pensioner.
Installing the advisor for small deposits is very simple. To do this, in the Meta trader 4 trading terminal, enter the data directory. Place the advisor downloaded at the end of the article in the expert folder, place the library file in the Libraries folder and restart the terminal. In the list of advisors, find the advisor with our name and place it on the screen. A settings window will open in which you can change some settings.
The advisor works on the currency pairs euro/dollar, pound/dollar, aussie/dollar, dollar/franc. For the euro/dollar currency pair, the working time frame is considered m5, and for all others, m15.
Setting up an advisor for small deposits.
Squid has two ways of managing risks. If you want the advisor to calculate your lot depending on the risk percentage, simply turn on the true mode in the Increasing Lot column. The Risk line specifies the risk percentage of the deposit per position. You can also work as a stable lot. To do this, in the StartingLot line, indicate the size of your fixed lot. In the Magic Number line, you can specify a special number so that the advisor only tracks its own orders. In the Slip line, you can specify the maximum slippage of quotes at which the advisor can enter a position. The MaxOpenOrders column is responsible for the maximum number of open positions on one currency pair.
I decided to do the first test of the robot with the default settings on the euro/dollar pair. The advisor was tested for the period from January 1, 2015 to April 30, 2015. The first result of the mini test can be seen in the picture:
To be honest, the result did not impress me much. Over four months, the profit was only $3.63 with a drawdown of just over 3 percent. I decided to remove the automatic lot calculation function and set a fixed lot of 0.01. The graph with the result is virtually identical.
In this option, the drawdown increased to 22 percent, but the profit was 36 percent, which is much better. The authors did not leave us any settings for optimization, so we can only change the money management . Because of such good results, I decided to conduct a test for the entire 2014 and to this day with a standard lot. You can see the result in the picture below:
The schedule speaks for itself. With a standard lot of 0.1 for a year and 4 months, the profit was 122 percent, and the drawdown was only 21 percent. This result inspired another test with risk management enabled and decided to set the risk, like all the classics, to 2 percent of the deposit. You can see the result in the picture:
The result turned out to be weaker than the previous one, because with the same profit, the drawdown in this test reached 55 percent, which is very critical. After such tests, the conclusion suggests itself that when working with an advisor, it is better to use a fixed lot. Although the potential income becomes lower, the growth of the curve is more stable.
The advisor has proven itself to be the best and is suitable for trading with a small deposit. Amarkets and Roboforex companies are perfect for this .