Drovasek EA non-indicator advisor
When trading in financial markets, it is very important to have a deep understanding of the strengths and weaknesses of the strategy, as well as, first of all, yourself.
This is necessary in order to correctly select a money management system that would compensate for the weakness of the strategy.
However, traders often refuse to use classical indicator systems, focusing on the money management model.
A similar approach is used in all grid strategies, as well as strategies based on averaging.
This allows you, at a minimum, to get rid of many false signals, and at maximum, with virtually no experience and in the absence of a clear strategy, you can consistently make money on the Forex market. You will get acquainted with a similar algorithm in this article.
Advisor Drovasek EA is an automated trading expert that is based on non-indicator trading. To be more precise, the principle of its operation is based on averaging with elements of grid trading using pending orders.
The key feature of Drovasek EA is a flexible system of grid settings, namely, a trader can configure not general parameters for the entire network, but optimize each averaging leg separately.
Installing the Drovasek EA advisor
For a long time, the indicator-less advisor Drovasek EA was purely commercial, since it could only work after purchasing a license from the author himself. However, the author of the robot never received the long-awaited sales, and the project was canceled.
However, if the developer himself and his sales website disappeared from the horizon, the robot remained alive and did not lose any interest on the part of many traders.
Since Drovasek EA was distributed commercially and was not included in the official MT4 library, it can only be installed according to the standard scheme through the data catalog.
To do this, go to the end of the article and download the robot file, as well as a special library file, thanks to which the robot will be able to work on a real account without a license.
Then you need to dump the downloaded files into the appropriate folders in the data directory, namely the robot itself into a folder called Expert, and the library file into a folder called Libraries. By the way, you can access these folders through the file menu in the open MT4 trading terminal.
After installation, you will need to update the trading terminal. This can be done either using the additional menu in the navigator panel, or simply by restarting the trading terminal.
After the update, Drovasek EA will appear in the list of advisors, and in order for it to start trading, simply drag the robot onto the chart of the selected currency pair.
Trading strategy of a non-indicator EA.
The Drovasek EA advisor uses a completely simple, indicator-free strategy for its trading.
So, after plotting it on the chart, simultaneous opening of buy and sell positions with the same lot will occur. Then the robot will place one limit pending order with an increased volume for each position.
Averaging and placing pending orders will continue until the robot on the first position of the series becomes profitable, while the second position will constantly bring profit.
So in the Lots variable you can change the volume of the initial position, and in the Max_Kol_Orders variable you can limit the maximum number of orders that can participate in the averaging grid.
In the Profit variable you can specify the profit size for the order grid, and in the Stop_Los variable the size of the stop order.
The Lot_Koef variable is responsible for the multiplication coefficient for calculating the lot if the position begins to go against the market. The timestart1 and timestop1 variables allow you to limit the operation of the advisor at a certain time of day.
The Closeprocent variable allows you to automatically close positions when a certain drawdown is reached. The Sunday-Saturday variables allow you to prohibit the operation of the adviser on certain days of the week.
The level2-level11 variables allow you to adjust the distance between orders for each knee separately, and the profit2-profit2 variables allow you to change take profit size for each leg of the averaging grid.
Testing and optimization
The downloaded version of the advisor is professional and requires personal settings. Therefore, in order to use the advisor in practice, a trader must optimize at least basic parameters, such as the size of the coefficient and the size of the profit.
If optimal settings are not found, it is necessary to delve deeper into optimizing the distance between orders and profits. As an experiment, we carried out a similar optimization for the Euro/Dollar currency pair on the hourly time frame for 2017. Test result:
In conclusion, it is worth noting that the Drovasek EA advisor is a typical grid expert. However, thanks to a wide range of settings, you can easily select the optimal parameters depending on your deposit and the maximum allowable drawdowns.
Download indicator-less advisor Drovasek EA