Wave Fighter Advisor
Recently, advisors that are distributed on various sites under the affiliate program are gaining more and more popularity.
You can also find sites on the Internet whose purpose is directly related to the distribution of robots for affiliate registrations and does not carry any meaning for experienced traders.
In fact, all of these sites actively advertise their developments with a massive advertising campaign, claiming the profitability of their robots and your promising future if you take advantage of their offer. However, how profitable are advisors using such resources?
Can they bring stable profits to their owners, and what is the benefit of giving away the goose that lays the golden eggs?
The Wave Fighter advisor is a typical representative of experts that are distributed completely free of charge for registration through affiliate registration. The expert was first shown to the public around 2015, when their website actually came into being.
Installing Wave Fighter
Before you begin reviewing the settings and testing the advisor in the strategy tester, scroll to the end of the page and download the Wave Fighter advisor. After downloading the advisor, proceed to installing the expert in MT4. To do this, open the file menu in the running trading platform and find the “Data Catalog” menu item.After launching it, a list of folders will appear in front of you, among which we look for expert and drop the downloaded advisor into it.
After you drop the expert into the required folder, simply close the data directory and restart the trading terminal. After restarting, go to the navigator panel and open the Expert Advisors tab, then drag Wave Fighter onto the chart of the currency pair.
Advisor strategy. Settings
The Wave Fighter developers have implemented a simple, but at the same time effective strategy. Thus, the advisor opens two buy and sell orders simultaneously. If the price goes against you, then the expert begins to build a network of martingale orders, but the second order repeatedly collects profit on the market while the expert builds its network against the trend.
This working mechanism allows you to make a profit, even if you are against the global trend. Then, if there is a rollback in the market, the series of orders is closed and everything starts all over again. Despite the fact that the developers claim that the Expert Advisor contains a complex filter that can determine the trend in the market or flat and depending on this, the expert’s work is corrected; in practice, no such algorithm has been found.
Actually, this strategy is implemented multi-currency, namely martingale works with five different currency pairs, but with a minimum lot.
The advisor is multi-currency and works with the following currency pairs: EURUSD, ERJPY, AUDJPY, NZDUSD, USDJPY. You probably have a question, why exactly this set of currency pairs? Firstly, the pairs are selected in such a way that there is no direct correlations, and also have a very good spread on them.
Actually, in the settings you can, opposite each of the currency pairs, you can either enable it in the work by selecting True, or disable it by selecting False. Further, the settings are divided into blocks of currency pairs, but have common parameters. Yes, in the line
The coefficient is a multiplier by which the robot will multiply a new grid lot if the price goes against the market. The line “Minimum distance between orders” indicates the distance between grid orders in points. Also in the parameters you can set profit in points or in the deposit currency. Actually these are all the settings.
Testing
Since the robot was developed in 2015, we decided to test it on the hourly chart of the euro/dollar currency pair with default settings. Let me remind you that the expert has a minimum lot of 0.01 for a deposit of 10,000 ($100 per cent accounte). Result:
As you can see, the advisor almost doubled the deposit, but at the end of the year he lost everything left at once. If you look at the number of transactions that were closed during the year, you can see more than nine thousand closed transactions.
In conclusion, it can be noted that the expert is designed for earning money on commissions, and not for earning money as a trader. Just imagine that the advisor makes more than 9 thousand transactions per year, which allows the person attracting at least two of your deposits to earn on spreade.
It can also be noted that behind the cool advertising lies an extremely simple operating algorithm, which, with proper optimization, can bring small but stable profits to the trader.
Download Wave Fighter Advisor