XE Pauk Advisor
The biggest mistake of all novice traders is that they want to get everything at once. Naturally, greed and impatience give rise to completely natural consequences and, as a rule, everything leads to the loss of the deposit.
Inflated lots, experts using extremely dangerous approaches to money management, all these symptoms are part of a big stock disease - greed.
Advisor XE Pauk is a trading expert that is focused on medium-term trading and is a professional tool for making a profit.
If you are a beginner and you have all the symptoms described above, XE Pauk is not for you, because it does not use aggressive strategies and is not able to make such profits that would be able to remove your thirst.
In fact, XE Pauk has long been considered an expert that provides returns slightly higher than bank returns, but is stable.
Installing XE Pauk
XE Pauk is designed for trading through the MT4 trading terminal, so in order to test and use the robot you will need to install it first. After downloading the archive at the end of the article, you will find that in addition to the advisor itself, it comes with a special indicator, based on which XE Pauk performs market analysis. To install the expert, go to the file menu in an open terminal and run the line “Data directory”.
After launching this menu item, you will see a list of system folders, among which find the folder called indicators and drop the special indicator, and also find the folder called expert and drop the advisor into it.
After you have deleted all the files, simply restart the trading platform or make an update in the navigator panel.
By updating the installed files, XE Pauk will appear in the list of advisors, and in order for it to start trading, simply drag it onto the four-hour euro/dollar chart. Strategy and settings
The Expert Advisor uses a complex proprietary trading strategy based on the search for impulse and special waves, which are detected by the indicator that we installed in MT4.
According to the developers' theory, the chart we see is nothing more than a series of arbitrary noises and waves, and the advisor finds a certain wave and works on it. Thus, the expert works not only to the side, but also against it, taking points on rollbacks. Unlike many other experts, XE Pauk implements the most important rule of money management in Forex - profit above stop orders.
The developers of XE Pauk have implemented two radically opposing money management systems, as well as the so-called recovery model, which is extremely aggressive.
If you prefer trading with a static lot, then you will need to select False in the UseMM line, but at the same time indicate a static position volume in the Lot line. If you prefer dynamic lot calculation, based on which, as the deposit grows, the volume of positions will also increase, then you should select True in the UseMM line.
However, you should indicate the position volume in the LotStep line, which is taken for a certain part of the deposit, which is indicated in the Balance Step line. Also, as your deposit grows, you can limit the maximum and minimum lot size in the MaxLots and MinLots line. A special Recovery mode, which you can enable in the settings, allows you to aggressively increase your deposit. Thus, for each profitable transaction, the expert will increase the lot size , and for each unprofitable transaction, on the contrary, reduce it.
The advisor uses dynamic placement of profit and stop orders, but you can limit their maximum value in the MaxTp, MaxSL lines.
It is worth noting that for full operation the MaxTp value must be higher than MaxSL. You can also enable the mode of hiding stop orders and profit in the HideSL lines, FakeTP, the essence of which is that the expert simply does not send these values to the broker’s server. The Expert Advisor implements two strategies simultaneously, which work independently of each other.
So the HantPPulse line is responsible for the strategy, which is to open orders for the breakdown of local extremes. The HantSPulse parameter includes a strategy, the essence of which is to find so-called false breakouts. Testing in the strategy tester
Since the developers claim that XE Pauk is perfect for trading with a small deposit, we decided to conduct backtesting for 2015 with default settings, but at the same time we reduced the deposit size to $100.
Testing took place on a four-hour chart of the euro/dollar currency pair. The test result is shown below:
As you can see, even with outdated settings that were relevant in 2013, the advisor managed not only not to lose the deposit, but also to bring 6 percent profit.
Naturally, this profitability is too low, so if you decide to use this expert on a real account, optimize it. Download XE Pauk advisor