Profit Pacman Advisor
The Profit Pacman advisor is a new development from Russian traders and programmers, which appeared in mid-2016. At this stage, Profit Pacman is undergoing an active testing and optimization process, as well as collecting feedback to improve the functionality and performance of the expert.
Profit Pacman is based on the well-loved martingale, with the help of which the expert quickly recovers from almost any drawdown. Profit Pacman works based on a simple trend indicator trading strategy and is designed for trading on hourly charts.
Since Profit Pacman is an indicator robot, the choice of currency pair on Forex remains at the discretion of the trader, however, preference should be given to the main ones with a small spread size.
Installation
Before moving on to an overview of the settings and a preliminary test in the strategy tester, you will need to install Profit Pacman in MT4.
To do this, go to the end of the article and download the archive with the expert inside. Next, you need to get into the data directory of the trading terminal, which you can access by entering the MT4 file menu.
Strategy and settings
The Profit Pacman advisor is based on a simple indicator trading strategy based on two moving averages.
Thus, the advisor will open a buy position when the fast moving average crosses the slow one from bottom to top, and sell when the fast moving average crosses the slow one from top to bottom. Instead of a stop order, the expert uses the martingale system. It is worth noting that Profit Pacman, when a new signal appears, opens a new order and does not close the old one, and the Martingale is used autonomously for both sales and purchases.
In the “Number of lots” line, you can specify the lot value with which the expert will open the first position, both for purchases and for sales.
The line “Profit in the amount of currency” is responsible for the profit in the advisor. The “Multiplying coefficient” settings line allows you to change the multiplication size of each new order if the price goes against us.
In the lines “number of orders for enabled mode 1 or 2” you can set the number of martingale orders for both buys and sells. The “Advisor ID” line allows you to enter a special numeric value by which Profit Pacman will control only its orders. The lines “Averaging period of fast MA” and “Averaging period of slow MA” are used to optimize the periods of two moving averages, as a result of the intersection of which the expert selects the direction of the transaction.
Testing Profit Pacman in the strategy tester
To make a preliminary assessment of the effectiveness of the advisor, we decided to test the expert in the strategy tester on an hourly Forex chart for the entire 2015. The settings were left at default, and the test was carried out on the Pound/Dollar currency pair .
The test result is shown below:
As a result of preliminary testing, we saw very good results.
Thus, Profit Pacman was able to increase capital by 50 percent over a year of testing, and the drawdown was constantly within 10 percent, which is extremely rare with martingale-based experts. If we take statistics on orders, then the expert never opened more than 3 losing trades in a row when he closed a series of five orders in profit.
Actually, being surprised by the statistics, we decided to conduct testing under the same conditions, but on the EUR/USD currency pair. Result:
In the second option, the expert was able to make an increase of up to 68 percent, despite the fact that the drawdown did not exceed 23 percent. In general, the expert confidently passed the two versions of the tests that we prepared for him and at the same time showed very impressive results. It is worth noting that martingale-based experts are extremely risky, but we can safely recommend this example to you for trading on a cent account .
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