FGF Advisor
It is no secret that any trading advisor is based on a certain algorithm of actions, namely a Forex trading strategy.
As a rule, the desire to simplify their life as much as possible encourages traders to create advisors based on their trading tactics, but most often the appearance of advisors occurs due to the desire to test a certain indicator trading strategy over a large historical period, which is almost impossible to achieve with manual trading.
The FGF Advisor is an expert with the help of which a popular trading strategy called FGF was implemented among traders.
The advisor itself is based on an indicator trading strategy for trading on an hourly chart, so in principle it can safely be considered multi-currency.
FGF Installation
To use the advisor, you need to not only install it in MT4, but also, in parallel with the expert, install a number of custom indicators in the terminal, which are the core of the strategy.
To do this, download all the necessary files at the end of the article. Open the submenu called file in your MT4 and find the line “Data directory” in it. After launching the data directory, you will see a list of different folders, among which you need to see a folder called indicators and move the strategy indicators into it, as well as the expert folder and move the FGF advisor into it.
After restarting, the terminal will automatically update all files, and to continue working, simply drag the expert onto the hourly chart of the currency pair.
Strategy and settings
The basis of the strategy is arrow trading tactics based on a channel with two moving averages.
The advisor opens a position when the moving average channel is broken and the direction of the transaction is confirmed by a number of additional technical indicators. The strategy itself and the principle of its operation can be seen in the picture below:
The advisor settings contain a full range of parameters for the strategy elements, which means that you can optimize both the advisor and the strategy itself. Thus, in the Lot line, the expert's working lot , and in the Stop Loss min and Stop loss Max lines, the minimum and maximum size of the stop order in points is specified.
The Take Profit parameter specifies the profit size in points, and the noloss line specifies the size without loss in points.
The noloss pips line specifies the breakeven level (how many pips your no-loss will move from zero). A very important filter parameter in the strategy, and in the advisor itself, is the wait bar parameter, in which you set the maximum number of bars after the arrow appears, after passing which, if all the conditions of the strategy are not met, the signal will be considered false.
In the Ma period line, you can specify the period of the moving average from which a channel is formed, upon breakout of which a purchase or sale occurs. In lines fgf cbrd MA 1, 2 you can change the settings of the FGF_CBRD indicator, which on the chart indicates a buy or sell signal with arrows.
In the FGF_FBURD lines you can change the parameters of the indicator, which is located in the form of bars in the second additional window. In the FGF_BURD lines you can change the parameters of the indicator, which colors the candles red or blue depending on the direction of the trend. In the Vortex period and Vortex level line, you can change both the period and the level of the Vortex indicator.
The advisor also contains other technical parameters that are responsible for quote slippage, as well as for identifying only your open transactions. Testing the advisor on history
Testing of the FGF advisor was carried out for the entire 2015 with default settings on the hourly chart of the euro/dollar currency pair.
You can see the result of the preliminary test below:
During the first preliminary test, we see that the expert closed with a slight loss, namely $26 with a balance of 10 thousand, trading 0.1 lot, and this despite the fact that the expert made 103 transactions with a drawdown for which it did not even reach one percent. Such statistics tell us that the adviser is very promising, so the first parameters that we decided to optimize were the profit level and stop order. The test result after simple optimization of the stop order and profit is shown below:
The simplest optimization for volatility and variability produced noticeable results, which indicates the profitability of the trading strategy as such, since we did not change any parameters of the strategy indicators.
In general, the FGF advisor is a profitable and stable development that does not use any risky Forex money management and has extremely low risks.
It is not recommended to use the expert with the default settings, however, after the simplest optimization of the basic parameters, the robot will be ready to conquer the top of Olympus. Together with an expert, we have attached soya settings for a preliminary test. Download FGF Advisor