Gepard Advisor, free version, installation and configuration
It is no secret that any market is volatile, and regardless of what asset you have chosen for trading, be it a currency pair or a CFD, due to cyclicality, sooner or later market conditions will change significantly.
That is why any trader practicing technical analysis and using indicator-based advisors is faced with a situation where a profitable expert literally becomes unprofitable in a matter of days.
It is almost impossible to detect the moment when an expert becomes unprofitable, so many traders struggle with this problem after the fact, namely, they try to optimize the settings for a changed market.
This is actually why we can all see the annual renewal of top advisors, and if this does not happen, the advisor disappears into history.
Forex Advisor Gepard 8 is another updated version of the already iconic Gepard Advisor, which since the advent of MT4 has become one of the first commercial robots.
The Expert Advisor itself is multi-currency, namely when applied to chart of one currency pair the robot will use more than 10 currency pairs simultaneously, not only currency pairs, but also CFDs on shares.
The robot has multiple settings, so it can be easily reconfigured to suit your requirements and needs.
Installing Gepard 8 in the MT4 trading terminal
Since Gepard and all eight of its versions are a custom tool, you will need to go to the end of the article and download the advisor, and then install it in the MT4 trading terminal.
There is nothing complicated in the installation procedure of the trading advisor, but you will need to drop the downloaded file into the appropriate folder in the terminal data directory.
To enter the data directory, launch your terminal and open the file menu in the upper left corner. Next you will see a list of options, among which click on “Data Directory”.
After launching the data directory, a list of folders will appear in front of you, among which select the folder called expert and drop the downloaded Gepard 8 advisor into it. In order for the terminal to see the installed file, you will need to update in the navigator panel, or simply restart the platform.
After the update, Gepard 8 will appear in the list of advisors, and in order for it to start trading, you just need to drag it onto the chart of the currency pair you have chosen.
Advisor trading strategy.
Gepard 8 Advisor is a unique portfolio robot that combines many trading tactics aimed at making a profit at different stages of the market.
Thus, the expert includes scalper trading tactics based on the RSI indicator , trading tactics based on market consolidation.
A trading strategy based on support and resistance levels, a flat trading strategy, namely in a channel, trend tactics based on the ADX indicator, as well as currency rate arbitrage.
In addition to this or that strategy, you can include a number of special filters for price speed, as well as finding minimums and maximums.
The advisor itself is designed in such a way as to make profits and compensate for losses in any part of the market.
Gepard 8 advisor settings
If we talk about parameters that can affect trading tactics, as well as those that can be optimized, then there are more than enough of them, and for the convenience of the user they are all divided into blocks depending on their purpose.
So in the aSymbols line you can indicate to the advisor which currency pairs and CFDs the expert should work with.
In the lines dRisk and sRisk you can change the calculation of the lot, namely the percentage of available funds or trading with a minimum lot. In the MaxOrderCount line you can set a limit on the maximum number of open orders, and in the MaxOpenValPosition line you can specify the maximum number of simultaneously open orders for one position.
Thanks to the dFixedTP and dFixedSL variables, you can change or set a fixed profit and stop order size in points.
You can also activate a time-based stop order, namely, after a certain time that you set in the dTimesStopLoss-Minute line, the deal will be automatically closed.
stochastic- based strategy .
It is worth noting that in order to enable a particular trading tactic, just enter 1 in the corresponding line, and in order to disable it, enter 0.
In conclusion, it is worth adding that due to the fact that the Gepard advisor is multi-currency, you will not be able to test it in the strategy tester .
Therefore, if you decide to use this robot, spend at least a month testing on a demo account, which will allow you to form an opinion about the robot’s algorithm.
Download Gepard 8 advisor