Trend Advisor Fxmath DailyTrader
I recently went to a traders forum and noticed a trend that almost all Forex robots use averaging. Every day new modifications of Ilans are being produced, but it is so difficult to find a truly profitable advisor that does not use averaging, all sorts of locks, grids, but simply uses competent money management and is also profitable.
Many traders face this task, but only a small number find something worthwhile among this pile of rubbish. This search led me to one site, where I met the Fxmath DailyTrader advisor.
The Fxmath DailyTrader Trend Advisor uses a trend trading strategy and enters a position after pullbacks.
The advisor's strategy consists of the well-known oscillator RSI , CCI, Momentum.
The advisor opens a new position at 00.00 hours and closes it at 23.00. The advisor does not use averaging, but works with a fixed lot. Another important advantage of the expert is that you don’t need a large deposit to work with it, and traders with a small classic account can also use it!
The advisor was created to work in the Meta Trader4 . It can be used on such currency pairs as euro/dollar, pound/dollar, euro/yen, dollar/yen. Working time frame of expert D1. For each currency pair you can download your own expert with the corresponding name.
Installing the robot is very simple and will take no more than a couple of minutes. Download the trend advisor at the end of the article and place it in the folder called expert on your terminal. Very important, enter the expert folder through the data directory in your terminal. Next, simply place the advisor on the chart and it will start trading.
In the properties of the advisor in the Lots line, you can set a fixed lot that the advisor will trade. The advisor also has a function to enable money management, which will calculate your lot depending on the risk percentage. To do this, in the UseMoneyManagement column, click True. Considering that the strategy is indicator in the pRSI columns you can change the parameters of the RSI indicators, and in the pCCI lines you can change the parameters of the CCI indicators.
Trend advisor test.
I decided to conduct the first test on the euro/dollar currency pair in the period from January 3, 2015 to April 29, 2015 with default settings. The deposit was chosen at $1000 and lot 0.1. You can see the test result on the graph:
As you can see, the curve first rose smoothly, and then quickly went down. The drawdown was approximately 10 percent, and the loss was only 5 percent of the deposit. This is due to outdated settings that need to be optimized.
For optimization, I chose pRSI, reducing only the optimization option for each indicator by ten units. I decided not to touch the remaining parameters, because I did not want to particularly violate the integrity of the adviser. Optimization was carried out from 09/01/14 to 01/2/2015, and the actual test of the parameters proposed to me was done on the site from 01/3/2015 to 04/29/2015. Of all the proposed settings, I chose the most mundane ones and this is what I got:
The profit was 12 percent of the initial deposit, and the drawdown did not exceed 4.7 percent. Of course, you can tell me that Ilan-like robots earn much more, but I’ll tell you stability - above all!
Before placing the advisor on a real account, I recommend optimizing the parameters, as well as doing a preliminary demo test of the robot on cent accounts . Recommended brokers for trading using this robot are Amarkets or Roboforex . Follow the trend, gentlemen) Good luck!