GL 2MA Advisor. A simple mechanism for small deposits
Technical analysis in the forex market continues to advance and improve almost daily, leading to the emergence of increasingly complex strategies and, consequently, advisors based on them.
However, with such progress and increasing complexity of trading mechanisms, minimum deposit requirements are constantly increasing, which has led to the fact that most traders can currently only afford to use expert advisors on cent accounts .
While wealthy individuals can certainly afford deposits of $10,000 or more, based on our experience, most traders can only dream of such sums.
At the same time, the quality of cent trading accounts, order execution speed, commission rates, and asset selection are certainly far removed from those of standard accounts, meaning traders are forced to work under less favorable conditions.
However, there is always a solution: using simpler expert advisors designed for trading with smaller deposits.
In fact, we invite you to get acquainted with one of these Forex advisors in this article.
The technical feature of GL 2MA is its minimal set of settings, but at the same time, this makes it more resistant to market fluctuations.
Since the advisor is trend-based and is based on a strategy based on moving averages, it can be confidently said that it will be equally effective on all trading assets, subject to thorough parameter optimization.
GL 2MA can also be used on any time frame, including minute and five-minute charts. However, it's important to understand that trend-following advisors demonstrate strong results on timeframes with little market noise.
Installing the gl 2ma advisor
Advisor gl 2ma is in some ways very similar to Moving Average Advisor, which is built in by default into the MT4 and MT5 trading terminals.
However, the gl 2ma robot is a custom development, so if you want to use it, you will need to download and install the robot file in your MT4 trading terminal.
Installing the gl 2ma advisor is fundamentally no different from installing any other custom advisor or script and follows the standard procedure. Specifically, you'll need to download the robot file at the end of the article and place it in the appropriate folder in the terminal's data directory.
After you have installed the advisor, you will need to update the platform in the navigator panel or restart the terminal, otherwise the advisor will not appear in the list.
After the update, gl 2ma will appear in the list of advisors, and to start using it, simply drag the robot's name onto the chart:
Trading Strategy. Settings.
The gl 2ma Expert Advisor is built on a simple algorithm consisting of a single moving average, but with an emphasis on shifting bars into the future. Thus, during market analysis, the expert advisor uses two weighted moving averages with the same period but different deviations.
When the faster line crosses the slower line from below, the expert advisor opens a buy position with the minimum lot, and when the faster line crosses the slower line from above, the expert advisor opens a sell position. A
very important feature of the robot is that it does not set profits or stop-losses, but closes the position upon the appearance of an opposite signal, thus maximizing the capture of large sections of price movement.
The EA's settings contain only two variables that you can customize.
In the "Per" line, you can set periods for two weighted moving averages, the intersection of which signals a trade.
In the "Shift" line, you can set the deviation of the second moving average by a certain number of bars to the right.
Testing and Optimization:
It's important to understand that the EA is currently about five years old, so its default settings are outdated and require extensive optimization.
However, we conducted a test with the default settings for 2016 on the EUR/USD currency pair with a $100 deposit on a 15-minute chart. Test results:
The results of testing the advisor were quite obvious, as the settings were clearly outdated.
Therefore, we decided to optimize two key parameters and conduct forward testing. The results are shown in the image below:
In conclusion, it's worth noting that, despite the algorithm's simplicity and triviality, the advisor successfully accomplishes its task and maintains profits at 100 percent per annum.
However, it's important to understand that traders must perform their own optimization for each currency pair and time frame .
Download the gl_2ma advisor
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