Red Warrior Advisor
A professional approach to trading requires market participants to constantly adapt to sudden changes in the market situation.
The constant volatility and cyclical nature of markets means that the same trading strategy cannot consistently produce profits over a long period of time.
Therefore, every professional in his field has two or more differently directed trading tactics on hand, which allows him to diversify risks during unsuccessful periods of one strategy at the expense of the profits of another.
The Red Warrior advisor has embodied an integrated approach to solving the problem of market volatility, combining two completely opposite trading strategies into one algorithm, which trade simultaneously independently of each other.
It was this interesting solution that led to increased efficiency and a significant increase in the number of profitable transactions.
The expert itself is designed for trading on the euro/dollar currency pair , but successfully demonstrates stable results on other currency pairs.
Installation of the Red Warrior expert
There are two versions of this robot on the network, but we strongly recommend installing the second version of the expert, since many of the errors made in the first version have been eliminated. To install, download the archive with the expert inside and place it in the Expert folder through the root directory of the terminal.
After restarting the platform, the robot will appear in the list of advisors in the “Navigator” panel. The next step is to drag Red Warrior onto the chart of a currency pair with a fifteen-minute time interval:
Red Warrior Settings. Test each strategy separately
As mentioned above, two completely opposite trading strategies , namely Rider and Sting.
You can enable or disable these strategies using the UseRider and UseSting parameters in the advisor. Rider's strategy is to strictly follow trend movements.
For this purpose, the Bollinger Bands indicator is used, when the upper and lower boundaries of which are broken, the advisor opens a trade in a certain direction.
In the settings of the Rider block, in the PercentForOpenR line, you can change the percentage of movement that is calculated based on the channel.
In the StopLimitR line, you can set a static stop order in points for transactions according to the strategy. It is also possible to set a dynamic stop order depending on the percentage of the channel width by specifying a certain percentage in the PercentForStopR line.
In the PercentForProfitR line, dynamic profit is set according to the same principle as a stop order. The result of testing the Rider strategy for 2015 on the euro/dollar currency pair can be seen in the picture below:
The Sting strategy is the complete opposite of the Rider strategy, and it is based on trading inside the channel on a rebound from its borders. The StingPercent line indicates the percentage of the shadow of the candle that must go beyond the channel border for the advisor to open a position in the opposite direction.
The PercentForOpen line specifies the percentage of price movement, which is calculated from the channel width. The PercentForStopR and PercentForProfitR settings are responsible for the same functions as in the Rider block. In the PercentForTralR line you can set the position trawl size as a percentage of the channel width.
The result of testing the Sting strategy on the euro/dollar currency pair is shown in the picture below:
In addition to the strategy settings block, the advisor has the ability to select money management. If you specify True in the MM line, then in the RiskPercent line you must specify the risk percentage of the deposit per position. If you do not include this block, then in the StartLot line you must set a fixed lot for both strategies.
The result of testing two strategies simultaneously is shown below:
Summing up, we can confidently say that Red Warrior is a professional development, thanks to which hundreds of traders around the world can receive, albeit small, but stable profits. It is worth noting that thanks to working without a martingale, the advisor can function successfully with small capital.