Advisor to Urdala Trol. Expert for accelerating your deposit
In the Forex market, there is a direct relationship between potential earnings and a trader’s deposit. As a rule, many traders do not attach importance to this, but as time passes, they become fully aware of how much the size of the deposit affects profitability.
So, for example, the average monthly profitability of a successful trader ranges from 10 to 20 percent per month, and given the fact that many traders come to this market with a small capital of up to $1,000, then with the best outcome you will earn only $200.
Naturally, with such earnings, you will not be able to give up your job and devote yourself entirely to trading.
It is worth noting that there are only two ways out of this situation, namely to open a public PAMM account, which will not have much trust due to the manager’s small capital, or to disperse the deposit.
Deposit expansion is an extremely risky approach, but with its help a trader can, if successful, increase his capital several times in a very short time.
The Urdala Trol Expert Advisor is a fully automatic Expert Advisor based on a non-indicator strategy based on averaging and martingale.
It is worth noting that the Urdala Trol advisor is an extremely aggressive trading expert, which is most often used only to increase the deposit.
It is necessary to clearly understand that the Urdala Trol advisor is used only to accelerate the deposit, and if you use it for a long time, the expert can drain your deposit at any time.
Installing the Urdala Trol advisor
The Urdala Trol advisor is a custom development that was created in 2011. In order to put the Expert Advisor into practice or test it, you will need to download the robot file at the end of the article, and then install it directly into the MT4 trading terminal.
Installation of the Urdala Trol advisor follows the standard procedure, namely, you will need to drop the downloaded advisor file into the appropriate folder in the terminal data directory. To enter the data catalog, launch your MT4 trading terminal and go to the “File” menu in the upper left corner.
Then the next step is to find a line in the menu that appears called “Open data directory” and run it. Having launched the data directory, a list of platform system folders will be displayed on your monitor screen, among which find the folder called Expert and drop the previously downloaded Urdala Trol advisor file into it.
In order for the trading terminal to be able to see the newly installed file, it must be updated in the navigator panel or restarted.
After restarting the Urdala platform, Trol will appear in the list of advisors, and in order for it to start trading, just drag the name of the robot onto the chart of the currency pair you have chosen.
Advisor trading strategy. Settings
As noted at the beginning of the article, the Urdala Trol advisor is based on a simple indicator-free trading strategy. So the expert opens two orders in different directions at the same time and sets a profit and trailing stop for each of them.
Thus, while the price moves in a positive direction for one order, the advisor opens additional orders, averaging the loss on the second order.
It is worth noting that the lot for a series of orders is calculated by summing the initial volume to the current one, which makes martingale less dangerous.
The settings of the Urdala Trol advisor are very simple and intuitive. So in the TP line you can set profit in points for each transaction. The Lots variable allows you to use a fixed lot for the first position.
The advisor also has the ability to use a dynamic lot. To activate it, you need to set 0 in the Lots line, and you need to specify the risk percentage per position in the LotsProc line.
The Step variable allows you to change the distance in points between orders during averaging, and the Kef line allows you to change the multiplication factor of the initial lot in case the martingale is triggered.
The TS variable allows you to set trailing stop in points. The Magic parameter is responsible for assigning a unique code to orders, thanks to which the expert recognizes only its own transactions. The Slippage parameter allows you to limit the opening of trades when there is a large price slippage.
Testing in the strategy tester
To test the effectiveness of the advisor, we tested it in the strategy tester for the entire 2016 on the Euro/Dollar currency pair on a five-minute chart. The result of testing the advisor with default settings is shown below:
As you can see, the advisor almost tripled the deposit before losing it. However, it became obvious to us that the EA’s settings were outdated, so we decided to optimize it. The test result after optimization is shown below:
In conclusion, it is worth noting that the Urdala Trol advisor is a very aggressive robot that can only be used for one purpose - short-term acceleration of the deposit. If you leave the robot on its own for a long time, there is a high probability that it will lose your deposit.
Download Urdala Trol advisor