My_Parabolic ver. 2
In the 75th issue of the magazine. ForTrader.ru we're going to look at an interesting advisor with a simple name My_Parabolic ver. 2. The basis of this robot is two indicators: one, of course, is Parabolic SAR, the second is Fibonacci levels. Note also that the work is carried out on the 15-minute timeframe with pending orders.
Algorithm of the Expert Advisor My_Parabolic ver. 2
So, based on the signals Parabolic SAR indicatorThe Parabolic ver. 2 refers to the Fibonacci levels, calculating the extremum and from it 50% and 116% Fibo. At the found levels, the robot places a pending limit order with take profit and stop loss, automatically calculating their size.
In addition, the Expert Advisor controls the lot size, pulling up the trailing stop when necessary. It independently calculates the lot size as a percentage of the deposit. It also adjusts itself to 5-digit quotes. Working on M15, the average profit is 15-20 pips.
Expert Parabolic ver. 2 is recommended for trading on EURUSD and GBPUSD currency pairs. The testing of the Expert Advisor in the laboratory of the fortrader.org magazine was decided to be carried out on EURUSD.
Parameters of the Expert Advisor My_Parabolic ver. 2
- TimeControl – контроль времени открытия сделки: 1 — включено, 0 — выключено.
- StartTime - trading start time (set according to the broker's server time in hours).
- StopTime - trading end time (set according to the broker's server time in hours).
- Lots - initial volume of the opened deal.
- MaxLotNum - the number of simultaneously opened positions.
- TrailingStop - trailing stop size.
- TrailingShag - trailing stop step.
- BBUSize - the amount of profit in pips, after which the stop-loss is moved to breakeven.
- StopLoss - the size of the indentation from the minimum/maximum for stop loss calculation.
- BarsRange - the number of bars used to search for minima/maxima.
- StepFast, MaximumFas - parameters of the fast Parabolic SAR.
- StepSlow, MaximumSlow - parameters of the slow Parabolic SAR.
- Ur1 - Fibonacci entry level.
- Ur2 - the Fibonacci level of profit.
- MagicNumber - magic number of all transactions of the Advisor.
Testing conditions of the Expert Advisor My_Parabolic ver. 2
The company: Gamma Markets LTD
Terminal: MetaTrader 4
Deposit: 1000$
Account type: real, ECN
Currency pair: EURUSD
Timeframe: М15
Expert's office hours: 01:00-13:00 terminal time
Backtest: 2010-2011
Start of testing: 29.05.13
Testing of the Expert Advisor Parabolic ver. 2
Test results of Parabolic ver. 2 on EURUSD for 2010:
Download the results of testing of the advisor Parabolic ver. 2 for 2010
Initial deposit: 1000$
Net income: 4344.60$
Maximum drawdown: 900.00 (39.95%)
Average profitable trade: 29.12
Despite the fact that the maximum drawdown is of impressive size, the balance chart and overall results are pleasantly surprising, especially considering the series of continuous wins of 74 trades against losses of 1.
Test results of Parabolic ver. 2 on EURUSD for 2011:
Download the results of testing the Expert Advisor Parabolic ver. 2 for 2011
Initial deposit: 1000$
Net income: 2299.00$
Maximum drawdown: 1304.46 (35.20%)
Average profitable trade: 30.63
In 2012, the robot Parabolic ver. 2 also showed plus, albeit strikingly different from 2010. The advisor's main weaknessAccording to the experts of ForTrader.org laboratory, a large stop loss, which exceeds the average profit by 20 times. However, we have much more profits, so we plan to get a small profit from the robot's work on the real ECN account.