TopGun Advisor
It has long been believed that Japan is a country of advanced technology.
A lot of equipment, technologies, cars, advanced web development and much more were invented on these tiny islands, and their developers are forever immortalized in history.
What about trading and the forex market? This question did not leave my thoughts, and I began to look for various experts made in the Far East.
The TopGun advisor is a unique development of Japanese traders, which combines profitability, reliability and stability.
The Expert Advisor was developed back in 2010 for trading on the euro/franc currency pair.
Designed for trading on a fifteen-minute chart.
Of course, you can say that the expert is outdated, the market has changed, but did the Japanese ever do bad things? I will try to answer this question below. Before starting work, the Expert Advisor must be installed in the Meta Trader 4 trading terminal. To do this, download the archive with the Expert Advisor inside.
In your trading platform, go to the file menu, open the data directory. Place the Expert Advisor in a folder called expert and restart your trading terminal. Afterwards, the expert should appear in the list, and to start working, simply drag it onto the chart of the euro/franc currency pair with a fifteen-minute time frame. You will see a settings window that can be optimized.
The essence of this expert's trading strategy is extremely clear. When deciding to enter a particular position, the advisor uses the readings of the Bolinger Bands indicator. When the price breaks through the channel that the bands form, the expert enters a position depending on which of the channel boundaries is broken.
Simply put, an expert based on Bollinger Bands. Also, if the price goes against us, the expert will open 3 more orders with an increased lot, trying to average out. If the price continues to move not in our direction, then the adviser will close the loss of 240 points (as stated in the settings).
The author of the advisor did not take into account the algorithm for entering the settings, but laid out the full settings for money management. In the Expert Advisor, you can enable automatic lot calculation in the Use Auto Lot line.
The MaximumRisk line sets the maximum risk per position.
If you disable automatic lot calculation, then in the Lot line specify the initial lot with which trading will begin. In the Max and Min Lot lines, you can set the maximum and minimum lot with which the expert can open.
If you disable the AGresive function, the EA will stop averaging, but this function is enabled by default. The Nanpin 1 and Nanpin 2 functions are responsible for averaging.
In the Nanpin 1 line you can change the lot multiplication factor in case of a losing position, and in the Nanpin 2 line you can change the distance in pips between orders.
The lines BuyLossPoint and SellLossPoint specify a stop order for positions. Next come the auxiliary settings, which are already visually clear (magic, slippage).
The first test of the advisor was carried out on the euro/franc currency pair on a fifteen-minute time frame. The settings were all left at default. The test period is from 01/01/2015 to 05/31/2015. The test results are shown in the picture below:
Since the test on the pair that was proposed by the developer was satisfactory, I decided to test it on the pound/dollar pair. All test parameters remained the same. The test result is shown in the picture below:
The third test of the Expert Advisor was made with the same settings, but on the euro/dollar currency pair. The test result is shown in the picture below:
Despite the fact that the Expert Advisor is clearly outdated (from 2010), it may well be profitable to this day. The only thing you can do is optimize Nanpin 1 and Nanpin 2. Since, in my deep conviction, they are clearly overpriced. I recommend conducting detailed tests, and remember, since the expert uses martingale, the deposit must be at least $100 in a cent account; I recommend Amarkets and Roboforex . Thanks for your attention, good luck!