Advisor for accelerating the deposit - Polar Bear.
Most novice traders often feel very strongly about the lack of a deposit.
Agree, the vast majority of us came to the Forex market not because of good work or well-being, which suits us, but precisely in search of money and self-realization.
Therefore, unfortunately, every second person does not have much money even for the minimum deposit, not to mention large accounts on which it is actually necessary to trade in order to experience the beauty of the trader’s profession. That is why sooner or later the question arises: “ How to disperse the deposit ?”
There are many different tactics for accelerating a deposit, and this is mainly done with the help of scalper advisors, which are capable of generating increased profitability in a short period of time.
The “Polar Bear” advisor is an aggressive scalper whose main task is to quickly disperse the deposit with relatively acceptable risks.
This Expert Advisor was created for the Meta Trader 4 trading platform, so to start working with it you must first install it. To do this, after reading the material, go to the end of the article and download the archive with the expert inside. Open your terminal through the file tab and go to the data directory.
After you enter the directory, find the Expert folder and place the file there. After you have installed the expert in the terminal, find the navigator panel and drag the advisor onto the chart of the euro/dollar currency pair for a five-minute time frame. A settings window will appear in front of you, which we will discuss below:
Advisor settings for accelerating the deposit.
In order to get the most out of the market and adjust the work of the advisor in a timely manner, you need to be familiar with its settings. RSI indicator as a signal to enter a position .
The expert provides a moving average as a trend filter, which compares the trend direction over three different periods. A notable feature is that the advisor does not provide martingay, and scalping occurs with a clearly defined profit and stop order.
The Expert Advisor has the ability to apply a news filter. To do this, in the use News Filter line, click on True. To limit the working time before important news, specify the number of hours in the Per Hour the News line, and in the Past Hour the News line you can specify how much time the expert is prohibited from opening orders after the news is published.
In the Hour of News line, you must indicate the clear time of publication of the news. In order for the expert to fully accelerate your deposit, you must indicate True in the MM line. After you do this, the advisor will open a position depending on the risk percentage of the deposit, and as the deposit grows, the lot size will increase.
In the Risk line, indicate the percentage of risk per position.
Take Profit and Stop Loss lines are responsible for the amount of profit and the amount of loss in points per position.
In addition to settings related to capital management, you can change the settings of RSI levels and also enable or disable exit from a position based on the moving average.
Preliminary test
Before installing any advisor, and especially to accelerate the deposit, it is necessary to conduct a detailed test in the strategy tester. The results of the expert's run for 2014 can be found in the picture below:
The result was quite expected. The thing is that scalpers react very strongly to the slightest changes in the markets, so they should be optimized before starting work. Usually, the market changes in the length of its waves, so the first thing that needs to be adjusted is the size of the profit and stop orders. You can see the optimization result and forward test for 2015 in the picture below:
As a result, the forward test expert managed to show a profitability of 160 percent, and this is far from the limit. However, when using an advisor to increase your deposit, you must clearly understand that you are taking huge risks. Accelerating your deposit is comparable to playing roulette, so in the long run, luck will work against you.