Trend Scraper – scrape profits based on the trend
A trend is a goldmine for every trader.
It is during the period of trend movements of the most popular assets that the income of traders, well-known hedge funds and banking institutions simply goes off scale.
A strong trend in modern realities is an extremely rare occurrence, but the appearance of even the slightest hint of its appearance does not signify any income.
Trend Scraper is a modern expert, an automatic advisor that is completely focused on working on a trending market.
It is based on signals based on simple trading tactics using trend indicators, namely the moving average.
Installing Trend Scraper
Before you begin reviewing the advisor, you need to install it into the MT4 trading platform. To do this, enter the root directory of your platform through the file menu in the running program by opening the data directory.
In the open directory, find a folder called expert and place the previously downloaded advisor from our website into it. After you place the file, go to the “Navigator” panel and update the installed file.
You can also simply restart the terminal, after which the Trend Scraper advisor will appear in the list of experts. After updating, simply drag Trend Scraper onto the currency pair chart and allow trading. You will see the following settings window, which we will talk about more broadly below:
Advisor settings
On the seller's page of this advisor there is a video where this robot allegedly trades profitably in a strategy tester. Based on the video, we can assume that the expert works on the basis of three moving averages, and in fact, one is a filter, and the other two, through their intersection, give an entry signal.
Having actually figured out the strategy, let's move directly to the Trend Scraper settings.
The first thing you will come across when entering the advisor settings is a time filter for when to start the advisor’s work and when not. So, in the Star Time line, the start time of work is specified, and in the End Time line, the end time of work is specified.
The Star Noloss and End Noloss settings work according to a similar time limit algorithm. In the Noloss line, you can enable the advisor without a loss, however, in the Noloss Pips line, you must set a certain number of profit pips, after reaching which the advisor will transfer a stop order.
Also, in addition to the capital management and filter settings, the developers divided the ability to configure the fast and slow moving average into blocks.
So in the line Fast MA period the period of the fast moving average is specified.
In the Fast MA Mode line, we indicate the type of moving average, namely exponential, linear, and so on.
The Fast MA Price line specifies at what prices the moving average is calculated, namely closed, open, average, and so on.
The settings also contain a similar block of settings for the slow moving average; the difference in the settings is only in the name of the variables, namely, instead of Fast it is written Slow.
In addition, you can enable or disable the so-called smart stop order , which is calculated depending on the distance from the moving average, the settings of which you can change. Actually, these are the main settings that need to be changed or optimized.
Testing the Trend Scraper advisor
According to the author's statements, this trend advisor gives a rather weak profit, so it is recommended to keep it on 4-6 currency pairs at the same time, with a recommended deposit of $300 in the account.
In order to understand whether it is worth taking such risks with various currency pairs, we will conduct testing for 2015 with default settings for two main instruments. So, the result of testing on the euro/dollar currency pair:
The result of a similar test on the pound/dollar currency pair:
According to the testing results, in both cases the advisor was able to earn only $10 on each currency pair in one year, with a drawdown reaching 3-5 percent. In addition to currency pairs, the author recommends using an expert on CFDs on major indices and stocks.
In conclusion, I would like to note that Trend Scraper is no good as an advisor for $177, since the three percent return on a deposit is an order of magnitude lower than a safer bank one, and if you combine 5 different currency pairs for trading simultaneously, the risks will be an order of magnitude higher than the potential income .
Therefore, we do not recommend purchasing this advisor anywhere, especially since Trend Scraper was unable to show the required profit even in the strategy tester, let alone in real trading.