Trio Dancer Advisor
Trio Dancer is one of the most famous advisors, which was created based on the readings of standard indicators. The advisor contains three different strategies, but during tests it turned out that two of them are very similar and orders are opened at a short distance from each other in the same direction. The third strategy is clearly counter-trend, since it almost always opens against the trend.
The strategies consist of two moving averages with a period of 9 and 5, Stochastic, RSI, CCI. As you can see, there is a fairly standard set of indicators that almost any novice trader is familiar with.
The Expert Advisor is multi-currency and can be configured to work on any currency pair. The author of the advisor recommends working on the pound/dollar and euro/dollar pairs. The time frame is at the discretion of the trader, but do not forget that the advisor is based on standard indicators, which give many false signals on small time frames.
During a detailed analysis of the expert, it turned out that the advisor uses martingale to cover unprofitable positions. Global Settings block , you can set the initial lot ( lot ), set the multiplication factor for subsequent positions ( LotExponent ), as well as the maximum lot with which the advisor can open in the event of a series of unprofitable positions ( MaxLots ). In the money management (MM) section, you can set a profit in points ( TakeProfit ), as well as set a stop order. But considering that the EA is a pure martingale, the line of stop orders should simply be ignored.
In the advisor settings of each strategy, a specific block is allocated called, where you can set the maximum number of orders for the strategy ( MaxTrades ), the use of a trailing stop ( UseTrailingStop ), and also set the number of points from which to start trailing. Also in each strategy block you can set the number of points between orders ( PipStep ).
When I started testing in the strategy tester, I encountered very slow data processing, which is very often characteristic of complex Expert Advisors.
Therefore, for the first test I choose a period of one month with standard settings. Euro/dollar pair, time frame n1. The test result is shown in the picture:
As you can see in the picture, the profit for the month was 43 percent, with a risk of almost 26 percent.
You can also notice on the chart that the funds line is level or slightly above the balance line. This means that the advisor itself is profitable. But at the end of the test, there is a failure of the funds line, which indicates the presence of a large number of orders located in the wrong direction. Such a sharp break in the graph shows us that it is necessary to optimize the parameters. In the second test, I decided to increase the distance between orders to 40 points and increase the multiplier from 1.5 to 1.8. You can see the test result in the picture:
As you can see, the funds line leveled off at the end of the test, and our drawdown fell to 11 percent.
Profitability has become a little less, but stability has increased. Before placing the advisor on a real account, do not forget to optimize it, since I conducted tests on a very small period.