ForexHacked2.3
I first met the advisor at the beginning of 2014 at one of the respected Forex resources.
Personally, when I met this advisor for the first time, I simply walked past him. It seemed to me that I was dealing with an ordinary martingale, of which the network is already full. But as time passed, I increasingly began to stumble upon real monitoring of cent accounts.
When all the experts who use Martingale were drained, this expert confidently moved the balance line upward. I was very interested in this kind of consistent profitability, so I decided to share the review here.
The Expert Advisor is designed for trading the pound/dollar currency pair on an hourly time frame. Many, with proper setup, use it on other currency pairs, although the developers themselves ask to refrain from such experiments.
The essence of the advisor's strategy is that in case of a losing position, it opens two orders in different directions.
The one that goes against the market averages the martingale, but the second one achieves profit. The first position is entered using standard indicators.
To work with the expert, it should be installed in your MT4. To do this, download the advisor at the end of the article. In a running terminal, go to the file menu and open the data directory. Place the advisor in the expert folder and restart the terminal. In the enabled terminal, in the list of advisors, find ForexHacked2.3 and drag the pound/dollar currency pair onto the hourly time frame on the screen. Replace the settings with those given with the advisor in the form of a set file. The adviser is ready to work.
The authors of the advisor tried to open up the money management settings as much as possible. In the PipStarter line, you can set the number of points after which the next order will be opened in the event of a losing position. The MaxBuyOrders line means the maximum number of simultaneously open buy positions, and the MaxSellOrders line means the maximum number of simultaneously open sell orders. The iStopLoss line indicates the stop order level in points. The Booster line is responsible for the risk percentage when averaging for each subsequent position. The Lots function is responsible for the initial lot , which the advisor will enter when opening the first order. The TakeProfit line is responsible for profit in points.
Also, for the very superstitious, the EA has a built-in time filter.
You can set what time the adviser will start working and finish. You can also specify in the StartingTradeDay line the day the work starts and the day the expert ends. The first test was done with default settings on the pound/dollar currency pair on the hourly time frame e. The testing period was selected from 07/1/2014 to 05/14/2015. The result is shown in the picture below:
Naturally, this result of the EA test upset me, and I decided to reconfigure it. I selected the settings manually based on my own experience. I did not do any optimization in the tester. The result for the same period and under the same conditions is shown in the picture:
Although the author of the advisor does not recommend using it on other currency pairs, I decided to test it on the euro/dollar currency pair. The conditions remained the same. The result is shown in the picture:
In general, I would like to note that the advisor is profitable, but at the same time risky. Before installing the advisor for testing on a cent account , I recommend reconfiguring it in the strategy tester.
Thanks for your attention, good luck.