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 gaming model, which is taken from the game of roulette, does not fit in with professional stock market speculation, but on the other hand, the result is obvious and there is no point in proving anything to anyone.
As long as the exchange exists, there is a dispute. Despite the fact that a number of mathematical studies show that Martingale is an unprofitable system in the long term, new robots based on it appear from year to year.
The reason why Martingale is popular is simply simple - with its help, everyone can make money on the exchange, even if only for a short time.
Robot Forex 2015 Profesional Advisor is another development of foreign programmers based on a modified Martingale according to the principles of arithmetic progression.
Robot Forex 2015 Profesional itself is a multi-currency robot, which allows it to be used on different currency pairs, as well as time frames.
Installing the Robot Forex 2015 Profesional advisor
The Robot Forex 2015 Profesional advisor is a custom development, so in order 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 Expert Advisor follows the standard procedure, namely, you must drop the downloaded Expert Advisor file into a folder with the appropriate name inside the data directory.
To access the catalog, launch your platform and go to the “File” menu in the upper left corner. After launching the menu, you will see a list of options, among which find “Open data directory” and launch it.
After launching the directory, a list of platform system folders will be displayed on the monitor screen, among which find the folder called expert and drop the advisor into it.
After you close all the folders in the data catalog, you need to update the platform in the navigator panel, or simply restart the trading terminal.
When you launch the Robot Forex 2015 Profesional platform, it will be in the list of advisors, and in order for it to start trading, simply drag the advisor onto the hourly chart of the GBPUSD currency pair.
Expert trading strategy. Settings
To decide in which direction to open a position, the expert uses a simple, indicator-free trading strategy. Thus, the 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.
Having opened an order, the advisor sets a profit, and if the price goes against the position, the expert opens martingale transactions.
The Martingale algorithm begins only after the fourth generation and is executed by a series of orders with the same lot, after which each series grows by the volume of the previous series. Thanks to this approach drawdown is significantly reduced.
If we talk about the settings of the advisor, then it can be noted that the developers have made only a very small amount available, and it is impossible to influence the entry and exit system in any way.
Thus, 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 set grid. The Robot Forex 2015 Profesional advisor has only one filter implemented - trading at a certain time.
In order to limit the expert's trading within a time period, select True in the UseHourTrade line, and do not forget to indicate 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 his orders and does not touch positions opened manually or by another expert.
Testing the Robot Forex 2015 Profesional
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.
Testing was carried out on the hourly chart of the GBPUSD currency pair for the entire year 2016 with default settings. So, you can see the result of the preliminary test below:
As you can see, the expert successfully completed the one-year course, but the drawdown on the account reached 80 percent, while the profit was just over 11 percent.
In conclusion, it is worth noting that the expert needs more detailed testing and selection, as currency pair, and the time frame.
Download Robot Forex 2015 Professional