Advisor 2Sides_v5.0b6
The active popularity of martingale-based robots appeared after the birth of the first version of Ilan, so you can often see expressions such as Ilan-like robots or something like that on various information resources.
Actually, “Martingale” unites a huge group of trading experts, but it is Ilan who is the father of all martingales, from which various modified experts began to be created.
On the effectiveness of trading experts based on Martingale There is a very long discussion going on, since the number of those who lost money because of such robots is an order of magnitude more than they earned.
However, we should not forget the fact that even without the use of robots, 90 percent of beginners lose their money, so you should not be so categorical about martingale.
The 2Sides_v5.0b6 advisor, unlike other robots, can be used not only as an independent algorithm, but also as an assistant, manually picking up open orders and bringing them to profit using martingale.
Installing the advisor
In order to use 2Sides_v5.0b6 on a real or demo account, you will need to download it from our website and then install it in the MT4 trading terminal. To install the robot, access the data catalog through the file menu directly in the trading platform.
Having opened the data directory, you will need to find a folder called experts and drop the 2Sides_v5.0b6 downloaded at the end of the article into it. After closing all folders and the data directory, update the platform in the navigator panel. After the update, the robot will appear in the list of advisors, and in order to start trading, simply drag it onto the chart of any currency pair:
Strategy and settings 2Sides_v5.0b6
The 2Sides_v5.0b6 advisor is an indicator type, so it uses Stochastic indicator. The algorithm for finding an entry point into the market is quite simple, namely, when the stochastic oscillator lines enter the overbought zone, the advisor sells, and when the indicator lines enter the oversold zone, the advisor buys.
The EA itself has a profit and works without a stop order, since the transaction is turned into a plus using the martingale.
The Expert Advisor has a wide range of settings, so each trader will be able to use it in their own way. So in the Info line you can enable or disable additional information on your account, transactions and margin directly on the chart.
Thanks to the standard UseVTP variable, you can enable virtual profit and stop, thanks to which the broker will not be able to interfere with your trading, since this data is not sent to the server, but is kept in the advisor’s mind.
In the ManualTrade line, you can enable the mode of manually opening the first order. So, if you select true in the ManualTrade line, the advisor will pick up the orders you manually open and display them as a plus using the martingale.
The Expert Advisor has introduced the ability to extract profits on small intermediate pullbacks by trawling the last two orders from the grid. So, in order to enable this mode you need to select true in the LOT line. In this case, be sure to indicate in the nOrder line after which open order this mode will be enabled, and also in the LO_TP line specify the profit of the transaction.
In the settings of 2Sides_v5.0b6 there is an opportunity to limit the operating time of the expert. Thus, the StartHour line specifies the beginning of the work, and the EndHour line specifies its end. It is worth understanding that you limit the opening of new orders, so the expert will only accompany transactions the rest of the time.
The 2Sides_v5.0b6 advisor can trade a dynamic lot, or more precisely, open the first trade, and can also trade a static one, which you specify. If you prefer dynamic, then in the UseMM line select True, and if static, select False but at the same time indicate the initial lot in the min_lot line.
Expert testing
In order to evaluate the capabilities of the expert, we decided to test it on the hourly chart of the euro/dollar currency pair for the entire 2015 with default settings. The test result is shown below:
As you can see, the expert almost tripled the initial deposit, and then suddenly lost it. The reason for this may be either a large multiplication factor or a small number of martingale orders. Therefore, we reduced the coefficient from 2 to 1.6 and also disabled dynamic lot. Test result:
As you can see in the graph above, the advisor earned more than 250 percent profit in 2015, which indicates its high potential. If you decide to use this expert, be sure to withdraw your profits in a timely manner so that an unexpected loss does not leave you with nothing.
Download 2Sides_v5.0b6