Fast Forex Millions Advisor
Automation is nothing more than an evolutionary step in the development of stock trading. However, if automation of processes is for the benefit of the trader, then the commercialization around automated trading strategies has created a huge number of scammers.
Of course, there are truly effective tools available to sellers, but sometimes even the most trusted sellers resort to plagiarism, managing to minimally remake free experts.
In fact, at the center of one of these scandals was the developer of the Fast Forex Millions advisor, who, after the start of sales, was immediately accused of plagiarism.
Whether this is true or not, no one actually knows, but despite this, the Fast Forex Millions advisor is extremely popular among traders.
The Fast Forex Millions Advisor is a trading expert that trades intraday based on an indicator trading strategy.
The advisor itself is multi-currency and can show effective trading on five major currency pairs, namely USDCAD, AUDUSD, EURUSD, USDCHF, GBPUSD.
Installing the Fast Forex Millions advisor
As noted at the beginning of the article, the Fast Forex Millions advisor until recently was a paid product, so it is not included in the MT4 trading platform by default.
That is why, in order for you to use the advisor and conduct preliminary testing, you will need to download the expert file at the end of the article and then install it in the MT4 trading terminal.
The installation procedure for the Fast Forex Millions expert follows the standard procedure, namely, you will need to drop the downloaded EA file into the appropriate folder in the trading terminal data directory.
In order to enter the data directory, launch your trading platform and launch the file menu in the upper left corner.
Once the list of options appears, you should find the line called “Open Data Directory” and run it. By launching the data directory, a list of platform system folders will be displayed on your monitor screen, among which find the folder called Expert and reset its downloaded files to the Fast Forex Millions advisor.
In order for the trading terminal to see the new installed file, it must be restarted or updated in the “Navigator” panel.
After restarting the terminal, Fast Forex Millions will appear in the list of advisors, and in order for it to start automatic trading, just drag the name of the robot onto the fifteen-minute chart of the currency pair you have chosen.
Advisor trading strategy.
Settings The Fast Forex Millions advisor is based on a simple trading strategy based on two standard indicators, namely ATR and Fractals.
The advisor uses dynamic stop orders and profits based on the ATR indicator, which allows it to adapt to market volatility , and thanks to the Fractals indicator, the advisor finds entry points.
In the Market Execution line, you can enable or disable the adviser's operation in ECN account .
The ReverseExit variable allows you to enable or disable the ability to close a trade early when a new signal in the opposite direction appears. If you select the False mode, the expert will wait for the transaction to be closed either by profit or by stop order.
The DualMode variable allows you to allow or prohibit the opening and holding of two opposite orders at the same time.
The FilterDepth variable allows you to make the Expert Advisor more sensitive to market noise, and the RiskPercent variable allows you to specify the percentage of risk per position when calculating the position volume. If you do not want dynamic calculation of a trading lot, then you can specify the value you need in the FixedLot line.
In the PerATR line, you can change the period of the indicator, which takes part in the calculation of profit and stop orders, as well as the trailing stop. The KofATR variable allows you to configure the multiplication factor of the ATR indicator when calculating the trailing stop .
The MagicNumber variable allows you to assign a special code to the advisor's orders, thanks to which it tracks only its own positions.
What did the strategy tester show?
In order to draw our own conclusions regarding the effectiveness of the Fast Forex Millions expert, we tested it in the strategy tester with default settings.
The testing period is 2016 on a fifteen-minute chart. The test result is shown below:
As you can see, the capital growth curve is far from ideal, but despite this, the expert was able to record 40 percent profit by the end of the year.
In conclusion, it is worth noting that the parameters of the Expert Advisor at this stage are clearly outdated, so if you decide to use the robot on a real account, carry out a deeper optimization of the settings.
Download Fast Forex Millions
.