StarWay Advisor
The StarWay advisor is a unique development from 2012, which in its stability can compete with
modern analogues. Many traders claim that this expert is an arbitrage one. However, this is not entirely true. This expert places two pending orders, buy stop and sit stop, at a certain distance from the price in points.
Then, after crossing one of the orders, the trading expert opens orders in the direction of the trend, thus squeezing all the juice out of the market. Therefore, it is not worth asserting that this adviser is an arbitrage one, since we have a pure grid adviser.
The robot is fully automatic, so you do not need to interfere with its operation. A distinctive feature from experts of this kind is that it does not use martingale. The advisor also has a clearly fixed stop order and profit. Because of this, you are insured against the immediate loss of your entire balance.
This advisor is designed for trading on euro/dollar and pound/dollar currency pairs. time frame , however, I personally recommend working with an hourly chart. If you look deeper into the algorithm, you can say with confidence that the expert can work on any currency pair, but for each it is necessary to optimize the settings.
Setting up and operating the StarWay Advisor
Installing the advisor should take you no more than two minutes. Download the archive with the expert inside at the end of the article. Launch your terminal, open the file tab and launch the data directory. Move the downloaded file to a folder called expert. After restarting the terminal, it should appear in the list of advisors. Drag the Expert Advisor to the selected currency pair onto the hourly time frame. A settings window should pop up in front of you, which you will read below:
The author of the advisor tried to reveal the settings of the advisor as much as possible. This Expert Advisor allows you to calculate your trading lot in two ways. The first is the calculation of the lot depending on the risk percentage of the deposit. In order for this calculation method to work, turn on true in the MM line and indicate your risk percentage per position in the Risk line. The second way is to work with a permanent lot. To do this, put false in the MM line, and in the Lot line indicate the lot with which the advisor will open positions.
In the Step line you can set the distance in points between orders. This parameter is individual for each currency pair, so it should be optimized. In the Stop line you can set a stop order in points (this can also be optimized).
In the kol line you can change the number of pending orders that are placed initially. The Profit function is responsible for profit in points. This parameter needs to be optimized, but do not forget that the profit must be greater than the stop order. In the slip line you can specify the maximum slippage of quotes, and the magic function is responsible for assigning orders by the advisor.
I decided to do the initial test with the default settings: Euro/dollar currency pair. Testing was carried out on an hourly chart. The testing period is from January 1, 2015 to June 2, 2015. The test result is shown in the picture below:
Of course, the expert does not shine with profitability, but he did not lose his account either. Therefore, I decided to optimize the settings. Optimization was carried out for the period September 1, 2014 to December 30, 2014. Next, I conducted forward testing for the period from January 1, 2015 to June 2, 2015. The test result is shown in the picture below:
This expert is not picky about the broker, and is able to work on both a cent and a classic account. The minimum deposit for stable operation on a cent account is $50. In general, the expert is profitable, because the drawdown is much less than the potential profit. Recommended brokers Roboforex or Amarkets . Before work, do not forget to test and optimize the settings. Thanks for your attention, good luck!