Advisor Hugo

There is an opinion that most experts cannot provide stable profits for more than six months. This statement is argued by the fact that the market is changeable and every day traders become more inventive and cunning.

This statement is partly true, but such fundamental principles as market movement in a trend or flat are unchangeable. The only thing that changes is the period of stay in one state or another. If previously the market was preferably in a trend movement, now the market is sideways for a large amount of time, breaking through the consolidation with a sharp trend movement.

The Hugo EA is based on the fundamental proposition that the trend is your friend. Therefore, the advisor uses a unique trend indicator, which was created by the developers, when making decisions about entering a particular position.

 The approach based on the unchangeable rules of the market allows the expert to be relevant to this day. I would like to note that the currency pairs for the expert's work are euro/dollar and pound/dollar. However, I can strongly recommend testing on other currency pairs, since the trading strategy is multi-currency.

Time frame for trading is preferably n1.

Before you start working, the trading expert should be installed in your Meta Trader 4 trading terminal. To do this, after reading the article, download the archive with the advisor and indicator. Next, launch your terminal and open the data directory in the file tab. Place the indicator in a folder called indicators and the advisor in the expert folder. After restarting the trading platform, find the expert in the list of advisors and drag it onto the screen. Next, a settings window will open in front of you, which I will introduce you to below:

Setting up and operating features of the Hugo Advisor

This expert uses martingale in his trading. However, this does not happen according to the principle of averaging a series of orders, but like in roulette. If the order reaches the stop order, the adviser will simply double your trading lot when the next signal occurs. This approach allows you to timely record risks and not reload the deposit with open orders at the same time.

In the exp line you can change the multiplication factor of the previous lot. The default value is 2, so each subsequent lot will be multiplied by 2.

The risk line is responsible for the risk as a percentage of the deposit. You can control your risks by increasing or decreasing the percentage. In the Lot line, you can specify the initial lot that the advisor will use. The tp line is responsible for the profit in points, the sl line is responsible for the stop order in points.  

The slip function is responsible for slippage, above which the advisor will not enter a position. The Magic function allows the expert to define his orders and leave others alone.

The first test of the advisor was carried out on the euro/dollar currency pair on the hourly time frame. The testing period is from 07/30/2014 to 06/1/2015. The test result is shown in the picture below:

We carry out the second test on the pound/dollar currency pair. All conditions and time frame with period remained the same as in the previous test. The test result is shown in the picture below:

Judging by the tests, the advisor is not extremely profitable. However, in good hands, an expert is capable of providing a small but stable profit with acceptable risks. Also, this expert is very suitable for people with a small deposit, since it can work with a minimum lot, starting from 10 dollars on a cent account ( http://time-forex.com/centovye-brokery ).

Thanks for your attention, good luck! Download the Hugo advisor.