Advisor Forex Warrior v4.0.6
Today I would like to introduce you to a unique networking expert who can rightfully be considered
an expert of the new generation. The essence of the expert is that, like others like it, it places a network of pending buy limit and sit limit orders at a certain distance from each other.
A significant difference is that the expert builds a grid for both the long term and the short term. Thus, the expert creates baskets of orders and when the specified profit is achieved, the basket is closed.
Each basket, which in turn consists of orders, has a built-in martingale function. Another important factor is that in this Expert Advisor the averaging of positions is limited by a stop order. In appearance, the expert seems difficult to configure, but after reading, most of the questions will disappear by themselves.
The Forex Warrior advisor is designed to work on an hourly chart on the euro/dollar and pound/dollar currency pairs. In principle, I explained the essence of the strategy to you above, so I think you yourself guessed that the advisor can be reconfigured for any currency pair and any time frame.
Before you start working, the advisor should be installed in the Meta Trader 4 trading terminal. To do this, download the archive of the advisor and libraries at the end of the article. In your trading terminal, go to the file tab and open the data directory. Place the library file in the libraries folder and the advisor in the expert folder. Then you need to restart the terminal. Next, find Forex Warrior in the list of advisors and drag it onto the chart with the price. A settings window will pop up in front of you, which is described below:
Forex Warrior setup.
The settings are very diverse, and their number, to be honest, is impressive. Therefore, I will describe the most basic ones and those that should be optimized before starting trading on a real account. Settings from the developer will also be present in the archive with the advisor.
In the LotSize line you can change the initial lot with which the EA is opened. You also have the opportunity to enable the automatic lot calculation function depending on your deposit. You can set the distance in points between grid orders placed by the trading expert.
To do this, in the GridStepPips line, indicate the required distance in points. In the TakeProfitPips line you can change the profit of the entire order grid. In the LotMult line, you can change the multiplier of the initial order if the price goes against us. In the StopLossPips line you can set a stop order in points for each order. The advisor also contains a Trend parameters settings block in which you can allow you to analyze the trend and change the entry algorithm.
The first test of the Forex Warrior advisor was carried out on the euro/dollar currency pair on the hourly chart. The testing period was selected from January 1, 2015 to June 2, 2015. All settings were left at default. The test result is shown in the picture below:
As you can see in the chart, the profitability expert does not shine with profitability. Therefore, I decided to optimize the advisor settings. The following parameters were optimized: GridStepPips, TakeProfitPips, LotMult, StopLossPips. The optimization period was selected from September 1, 2014 to January 1, 2015. Among the proposed options, I chose the most optimal ones and conducted a forward test for the period from January 1, 2015 to June 2, 2015. The test result is shown in the picture below:
The Expert Advisor is very easy to optimize, so you can always adjust the Expert Advisor to any market conditions. But still, you must understand that grid operators, and even those with martingale, require a large deposit and at the same time can just as successfully lose it. Therefore, I recommend working with a minimum lot and only on cent accounts. Thanks for your attention, good luck!