Advisor Reticolofx
Today, there are dozens of types of trading strategies that are automated daily by traders in different parts of the world.
However, if you look at the trend in the emergence of new experts, you can note that grid experts, as well as robots based on no indicator strategies, are becoming increasingly popular.
The advantage of a grid expert over others is, first of all, a fairly simple trading algorithm, when, regardless of which direction the price moves, the expert squeezes profit from it.
The Reticolofx Expert Advisor is an advanced multi-currency grid Expert Advisor that uses a basket approach in the trading process.
The expert itself is designed for seven basic currency pairs, and the working time frame is considered to be a four-hour chart.
Expert installation
Reticolofx is a custom advisor, so in order to use it you need to download the advisor at the end of the article, and then install it in the MT4 trading terminal.
After downloading the archive, you will see eight different files of the Reticolofx advisor, differing only in the name of the currency pairs on which one or another expert should be installed, so install all eight files.
The installation procedure for Reticolofx is practically no different from installing any other expert in MT4, namely, you will need to drop the downloaded files into the appropriate folder in the data directory.
To enter the data directory, open your platform and launch the “File” menu in the upper left corner.
You will see a list of options, among which find “Open data directory” and run it.
Having launched the data directory, you should see a list of terminal system folders, among which find the folder called Expert and reset all eight files of the Reticolofx advisor.
In order for the terminal to be seen by the installed expert, it must be restarted or the navigator in the panel updated. To start trading, simply drag Reticolofx onto the four-hour chart of your chosen currency pair.
Reticolofx advisor strategy. Settings
The Reticolofx Expert Advisor is based on a simple, indicator-free grid strategy. When you turn on the Expert Advisor, it determines the price level and volatility, after which, as the price moves, it opens either purchases or sales, depending on the direction.Orders are opened at a certain distance from each other, and the expert conducts grid trading in both directions, which ensures risk hedging.
Unlike other meshes, Reticolofx does not provide Martingale, and hedging occurs through averaging with a static lot.
Thanks to the settings, you can easily optimize the advisor to suit your style and requirements. So, in the lot size line you can specify the value lota, which will open the Expert Advisor, and in the Target profit line you can set the desired profit in points.
The minimum step variable allows you to change the distance in points between orders. Thanks to the Stop after close variable, you can prevent the advisor from opening new orders after it closes the previously opened order grid on its own.
The Trend following variable allows you to activate a one-way grid, namely Reticolofx will build a network of orders only in the global direction of the trend.
The on hold variable allows you to prohibit the advisor from opening new positions, which is necessary if a critical drawdown occurs. The show next trades variable allows you to see on the chart the levels at which new orders are planned to be opened.
Testing by Reticolofx expert
For the purity of the experiment, we decided to test Reticolofx in a strategy tester with default settings for the entire 2016 on the Euro/Dollar currency pair. So, what came out of this, look at the picture below:
As you can see, the yield curve is far from ideal, which tells us that the setup is a bit outdated today. Despite this, the adviser more than successfully covered the historical distance allotted to it.
In conclusion, it is worth noting that Reticolofx is a completely safe robot that is primarily suitable for conservative traders. However, before placing it on a real account, it is necessary to carry out at least minimal optimization of its settings.
Download the Reticolofx advisor.