Forex Setka Trader
With the development of robotic trading strategies, or, more simply put, advisors, the demand for trading experts who are capable of automatically conducting round-the-clock trading without the intervention of a trader began to grow. The emergence of such experts allowed many beginners and people who had never encountered trading to earn their first money.
Trading expert Forex Setka Trader is ready to work stably without any intervention. If you are too lazy to study and read books, then this expert is created just for you.
Forex Setka Trader is designed for trading the pound/dollar currency pair on a minute chart. However, the expert uses such a trading approach as martingale . In case of a losing position, the expert opens a double lot, thus creating a pyramid of orders.
In principle, we are dealing with a classic martingale, so the advisor can be easily optimized to work on any currency pair and on any time frame. With the advisor you will receive settings for the euro/dollar and pound/dollar currency pairs.
To work with this expert, you should install it in the Meta Trader 4 trading terminal. To do this, download the archive with the advisor at the end of the article. Open your trading platform and open the data directory in the file tab. Place the advisor file in the expert folder and restart the terminal. Next, open the chart of the pound/dollar currency pair and drag the expert onto it. In the general settings you must specify Only Long. You can see the settings in the picture below:
Next, you need to open another window of the same currency pair. Place the advisor on the currency pair window and set Only Shot in the general settings. Thus, you should have two windows open for the same currency pair, in which the advisor will only buy in the first case, and only sell in the second. When adding an advisor in the second window, be sure to change the Magic function in the advisor settings. This is necessary for the advisor to distinguish between orders of the first and second windows.
The settings of this expert are practically the same as those of any martingale. In the Lots line you can set the starting lot with which the advisor will open. In the MultiLotsFactor line you can change the multiplication factor in case the price goes against us.
In the StepLots line you can change the distance in points between orders. In the TakeProfit line you can change your profit in points.
In the UseTrailing line you can enable or disable trailing stop .
The TrailStop function is responsible for the size of the trailing stop. In the MaxOpenOrders line you can change the maximum number of simultaneously open orders. In the SafeEquityRisk line, you can set the percentage of the funds in the account that you allow the advisor to use. I decided to conduct the first test on the pound/dollar currency pair on the minute chart.
The testing period was chosen from 01/01/2015 to 05/31/2015. As in the instructions, I did the test only for Only Long. The test result is shown in the picture below:
We carry out the second test on the same currency pair and with the same parameters. We change only in the general settings from Only Long to Only Shot. The test result is shown in the picture below:
As you can see from the graph, the result from the second test is more impressive. However, this happened because at the time of testing the price chart was falling, and the test was carried out only with sell positions. I believe that this advisor deserves your attention and will soon be tested on our server. Separately, I would like to note that for the expert to work with lot 0.01, you need $250 in a cent account . To work on a classic account, your deposit must be $25,000. Thanks for your attention, good luck!