SWB trading expert
The SWB advisor is based on the martingale principle. I first met this expert on such a well-known English-language forum as Forex Factories. There, in his thread, the author first shared his experience of working with him. Many traders were then hooked by this masterpiece, which led to the creation of many modifications and versions of this expert.
The Expert Advisor is designed to work on the MT4 trading platform on any currency pair. The preferred pairs are the main ones, namely eur/usd and gbp/usd. The time frame can also be any, I personally conducted tests on M5.
The advisor opens its positions based on the readings of three indicators. The first indicator is Bolinger bands with a period of 20. If the price touches the upper border of the channel, a sell position is opened. If the price touches the lower border of the channel, a buy position is opened. The second indicator is the well-known stochastic .
You can read the basic principles about this indicator here. The third indicator is the standard RSI oscillator . The advisor opens a sell position if the indicator line is in the overbought zone, and a buy position if the line is in the oversold zone. Each of the indicators can be disabled by setting False in front of the name, or enabled by setting True.
The Range parameter is responsible for the number of points between orders.
In the case of a losing order, the advisor opens the next position with the initial lot, which is multiplied by a factor of 1.5. The coefficient itself in the advisor is called multiplier. The settings line called tp in money means profit in the deposit currency. Initially, I tested the advisor with default settings.
I chose the test period from January 1, 2015 to April 23, 2015. Currency pair euro/dollar. Having analyzed the results, I see a very large drawdown, which reached 57 percent, and the profit for the period did not even reach 10 percent. It is very risky to use an expert in this form, since the risks are simply not justified. We are trying to carry out a small optimization by increasing the distance between positions, as well as including all advisors in the work. And so let's see what we got:
As you can see, the drawdown has decreased significantly and amounted to approximately 6.28% with a current income of 8%. For a more detailed report, see the picture below:
I will attach the settings of this expert along with the expert itself in the form of a .set file. Agree, quite good results with such risks, and this despite the fact that I did not do the deep optimization that you can do.
The advisor can rightly be called profitable, and for those who think that the broker is helping to destroy your deposit, the advisor has a stealth mode function, which is responsible for setting profit and elk, without providing such data to the broker on the server, it keeps them, as they say, in mind. But to work in this mode, you will need a server or a stable Internet connection. Brokers Aforex or Roboforex
Follow the trend, gentlemen, download it, test it on a demo account and don’t forget to share your impressions.