Forex Hacker Pro
Trading expert Forex Hacker Pro is a unique expert that is based on the well-known risky method of capital management as martingale. This expert is an improved version of the Forex Hacked advisor, which we published a little earlier on our website.
In this version, the developers have made the advisor multi-currency, so now you can work with it not only on the pound/dollar pair as it was before. In this version, the advisor can work with the following currency pairs: GBPUSD, AUDUSD, USDCAD, EURUSD, EURGBP, EURCHF, EURJPY, USDJPY, USDCHF.
The time frame remains the same, so the Expert Advisor is designed to work on an hourly chart. The developers also took care of the position entry algorithm itself, adding three trading strategies to it. Now the expert enters confidently, and increasingly takes profits without using the martingale.
The advantage of multicurrency is that the expert works with reduced lots simultaneously on several currency pairs, which allows you to make a profit from another during a drawdown on one instrument. This approach allows you to consistently generate profits with reduced risks.
To start working with an expert, you need to install it in the Meta Trader 4 trading terminal. Go to the end of the article and download the archive with the advisor inside.
Next, open your terminal and go to the data directory in the file tab. Place the advisor in a folder called expert. After restarting the terminal, it will appear in the list of advisors. Next, you need to drag the expert onto the hourly chart and allow trading. After updating the expert, the settings changed a little.
In the Booster line, you can set the lot increase coefficient in case of a losing trade. The TurboMode line allows you to increase profitability when the market is in a flat. In the TurboDivider line, you can specify after which the number of orders in the grid will turn on TurboMode. The advisor also provides automatic money management, which can be enabled in the MM line.
In the Expert Advisor, you can enable the stop loss in the UseStopLossPct line. In the StopLossPct line you can specify at what percentage of drawdown the advisor will close all orders. This function will help you save your deposit if you fall into a long strong trend. In the TakeProfitPCT line you can change the fixed profit to the percentage of profit from the balance. In the UseTrailingStop line you can enable the trailing function. The StopTrailing line is responsible for the trailing size in points.
Due to the fact that the multicurrency expert decided to conduct a couple of tests on different currency pairs separately. First, I will conduct a test on the pound/dollar currency pair on an hourly time frame. The test range is from 01/01/2015 to 05/21/2015. The test result is shown in the picture below:
The next test was carried out on the euro/dollar currency pair. The test conditions and range remained the same as the previous version. The test result is shown in the picture:
Like the previous version of the Expert Advisor, Hacker Pro is highly profitable. To work with this expert, you will need a cent account or simply a huge deposit. Before starting work, I recommend testing on a demo account. Thanks for your attention, good luck.