Robot Forex 2015 Professional Advisor
The debate about the advisability of using martingale in the forex market remains open to this day.
On the one hand, the game model, which is taken from the game of roulette, does not fit in with professional stock market speculation, but on the other hand, the results are obvious and there is no point in proving anything to anyone.
The debate has been going on for as long as the exchange has existed. Despite a number of mathematical studies showing that the Martingale system is unprofitable in the long run, new robots based on it continue to emerge year after year.
The reason why martingale is so popular is quite simple: it allows anyone to make money on the stock exchange, even if only for a short time.
Advisor Robot Forex 2015 Professional is another development of foreign programmers, which is based on a modified martingale according to the principles of arithmetic progression.
Robot Forex 2015 Professional itself is a multi-currency robot, which allows it to be used on different currency pairs and time frames.
Installing the Robot Forex 2015 Professional Advisor
The Robot Forex 2015 Professional advisor is a custom development, so to use the robot, you need to download the expert file and then install it in the MT4 trading terminal.
The installation procedure for the advisor follows the standard procedure: you must copy the downloaded expert file into a folder with the corresponding name within the data directory.
To access the catalog, launch your platform and go to the "File" menu in the upper left corner. Once you launch the menu, you'll see a list of options, including "Open Data Catalog" and launch it.
After launching the catalog, a list of the platform's system folders will be displayed on the monitor screen. Among them, find a folder called expert and drop the advisor into it.
After you close all the data directory folders, you need to update the platform in the navigator panel, or simply restart the trading terminal.
When you launch the Robot Forex 2015 Professional platform, it will be in the list of advisors, and to start trading, simply drag the advisor onto the hourly chart of the GBPUSD currency pair.
Expert Advisor Trading Strategy Settings
To decide which direction to open a position, the expert advisor uses a simple, indicator-free trading strategy. The expert advisor compares the closing prices of the current and previous bars.
If the closing price of the current bar is lower than the previous one, the expert advisor opens a sell position, and if the closing price of the current bar is higher than the previous one, the expert advisor opens a buy position.
After opening an order, the advisor sets a profit, and if the price goes against the position, the expert opens martingale trades.
The martingale algorithm begins only after the fourth generation and is executed with a series of orders of the same lot size, after which each series grows by the volume of the previous series. Thanks to this approach drawdown is significantly reduced.
When it comes to the advisor's settings, it's worth noting that the developers have made only a very small portion accessible, and the entry and exit system cannot be influenced in any way.
So, in the Lot variable you can change the volume of the initial position, thus adjusting the aggressiveness of the expert.
The Max Trades variable allows you to specify the maximum number of simultaneously open martingale positions, which in turn affects the stability of the established grid. The Robot Forex 2015 Professional advisor only has one filter: trading at a specific time.
To limit the expert's trading within a time period, select True in the UseHourTrade line, and do not forget to specify the start of trading in the StarHour line and the end of trading in the EndHour line.
Thanks to the Magic variable, the expert determines its own orders and does not touch positions opened manually or by another expert.
Testing the Robot Forex 2015 Professional
To check the relevance of the robot's settings, as well as the effectiveness of its strategy, we decided to conduct testing in the strategy tester.
The test was conducted on the hourly chart of the GBPUSD currency pair for the entire 2016 year using default settings. The preliminary test results are shown below:
As you can see, the expert successfully completed the one-year period, but the account drawdown reached 80 percent, while the profit amounted to just over 11 percent.
In conclusion, it is worth noting that the expert needs more detailed testing and selection, as currency pair, as well as the time frame.
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