Forex Advisor Nostradamus

Trading expert Nostradamus is one of the most popular scalpers who are used these days. There are a lot of myths and untruths surrounding this expert Many, seeing the name, indiscriminately place the expert on real, thinking that he has the same abilities as Nostradamus himself.

I also encountered a lot of lies and hypocrisy on other Forex-related sites, where they inexorably praise it and recommend immediately placing it on a real account. Some individuals manage to compare this expert with Ilan, claiming that the second is much worse, and this example is extremely profitable. Such a bunch of facts forced me to do a detailed analysis of this expert, and I’ll tell you an insider at the very beginning that it’s not as good as everyone is singing about it.

This expert is a scalper and is intended for trading on the euro/dollar currency pair on a five-minute time frame. The essence of the strategy is that the advisor, entering a position, opens a series of orders (10 by default) over a certain distance, thus forming a basket of orders, trying to suck the market to the maximum.

Before you start testing the Expert Advisor, you should install it in the Meta Trader 4 trading terminal. To do this, after reading the article, download the archive with the Expert Advisor at the end. Next, in the enabled terminal, go to the file tab and open the data directory. Place the advisor in the expert folder and restart the trading terminal. After launching, go to the list of advisors and drag the expert with the name Nostradamus to the screen of the euro/dollar currency pair.

The developers of the Expert Advisor were not very eloquent, so in the settings you will not be able to change the entry algorithm, but only correct some of the nuances of money management.

Setting up the nostradamus advisor.

In the TakeProfit line you can set the profit for each of the orders that the advisor will open. In the StopLoss line you can set a stop order for each order that the expert will open. The MagicNumber function is designed to prevent the advisor from losing its orders and not touching those that you opened with your hands while working.

In the PipStep line, you can set the distance between orders that the expert will open in a row. In the MaxOrders line you can change the maximum number of orders that can be opened by the advisor at the same time. In the TrailingStop line you can change the trailing stop in points. You can also enable the automatic lot calculation function in the UseRiskPercent line.

Well, now we begin to debunk the myths. We carry out the first test on the euro/dollar currency pair on a five-minute time frame. The testing period is from January 1, 2015 to May 28, 2015. The result of testing with default settings is shown in the picture below:

As you can see, the Nostradamus advisor with popular settings purposefully destroys the deposit. I’ll say even more, if you were given the task of destroying the account, you would never have succeeded so beautifully. I decided to optimize the main parameters. Optimized almost all parameters. The optimization period was chosen from June 1, 2014 to January 1, 2015. Next, I selected acceptable settings and conducted a forward test for the period 01/01/2015 to 05/28/2015. The result of parameter optimization is shown in the picture below:

As you can see in the chart above, even after full optimization, the expert clearly does not produce stable profits. As for me, the expert clearly does not deserve the laudatory reviews that surround him. First of all, I see strong instability. Of course, this is an ordinary scalper who needs to optimize parameters once a month. For those who decide to work with it, I recommend conducting a test on a cent account, so you can reveal its real potential. And I warn you, you shouldn’t expect cosmic profits from the robot, but in general the expert has a right to exist. You can use the Nostradamus advisor for free on Amarkets broker accounts .

Thanks for your attention, good luck! Download advisor nostradamus.