ShockBar Advisor
The development of robotic trading has caused the emergence of a huge mass of various trading advisors.
Since traders tend to complicate everything, most advisors have very complex indicator algorithms, which, as a rule, fail at the slightest change in market conditions.
However, the ability to create and test trading advisors has also given rise to simple algorithms that have been working for many years and have successfully brought profit to thousands of traders.
The ShockBar Advisor is a bright representative of the simplest algorithms that can function on any currency pairs and time frames, and profit is made regardless of where the trend goes.
That is why one can find a number of mixed reviews around the development, since the company is interested in a huge number of transactions, and not in the profitability stated in the advertisement.
Installing the ShockBar advisor
The ShockBar advisor was created by developers for the MT4 trading platform, so before using the expert you will need to download it from our website and also install it directly into the platform.The advisor is installed in the standard way. To do this, you will need to gain access to the root folders of the trading terminal. To do this, launch your MT4 and go to the file menu. A menu will appear in front of you; in the list of options, find “Data Catalog” and launch it.
After launching the directory, you will see a number of system folders, among which look for a folder called expert and drop the ShockBar advisor into it. Next, close the data directory and go to the navigator panel of your terminal.
Right-click the additional menu near the “Advisers” section and update. By updating the trading terminal, you will be able to see ShockBar in the list of advisors, and in order to apply it, just drag it directly onto the chart.
ShockBar advisor strategy. Settings
The basis for making a decision to enter the market is a simple strategy without indicators. The latest version uses essentially the same strategy, but uses a simple moving average trend filter.
The expert compares the last two candles, namely their closing prices. If the closing price of the last candle is lower than the previous one, the advisor opens a sell position, and if the closing price of the signal candle is higher than the previous one, the advisor opens a buy position.
In the latest version of the Expert Advisor, the signal is filtered depending on the position of the moving average.
If you go into the expert settings, you will see a wide range of parameters, which are divided into certain blocks to facilitate reconfiguration and optimization. So, in the lot calculation block, you can indicate to the expert how calculate lot.
The advisor provides for opening with a static lot, which is specified in the Lot line and is enabled in the LotConst or not line by selecting the true option. If you select false in the same line, then the expert will increase the lot size as the deposit grows.
At the same time, do not forget to indicate the amount of risk per position in the RiskPercent line and also limit the maximum lot in the MaxL line. Also in this block, in the LotMultiplicator line, you can specify the size of the multiplier when setting the grid using the martingale.
Line N LotMult specifies from which account the order will be activated Martingale and multiplier.
In the grid conditions block, you can modify the martingale network. To do this, you will need to choose which mode you will work in. So if you specify 0 in the Mode Step line, the adviser will open the next order at a static distance from each other, which you specify in the Step line.
If you specify Mode Step 1 in the line, the adviser will increase the step size depending on the number of orders, and if you specify 2, it will reduce the step between orders. In this case, you can increase or decrease the step in the StepUv Step line by setting a certain number of points.
In the trading signal block you can enable a filter by moving average. To enable the filter in the Off MA H4 variable, select false. The Period MA variable allows you to adjust the period of the moving average, and the TF for MA variable allows you to filter on higher or lower time frames.
Testing
The developers of the latest version of ShockBar recommend using it on a five-minute chart and provide settings options for various currency pairs. Testing was carried out on a five-minute chart of the euro/dollar currency pair for 2015. Test result:
As you can see, 40 percent per annum was earned during the trading period, which clearly contradicts the author's statements. It is also worth noting that the adviser closed 7831 transactions, which once again emphasizes the desire of the developers to make money on the spread, and not to ensure profitability at the proper level.
Therefore, whether to use an expert on a real account is a rather controversial question; in any case, if you decide to do this, then optimize the robot and select less aggressive parameters.
Download ShockBar Advisor