New profitable scalper "Barabashka"
We continue to test trading Expert Advisors, and this time the experts of ForTrader.org magazine have a robot with the incomprehensible name "Barabashka" for English-speaking traders. It was proposed to us by the author for research. This Expert Advisor is actively discussed in our forumso our interest in it is doubled.
So, it should be said that the "Barabashka" is distributed to all who wish to freewhich is quite rare on the expanses of Runet. In order to get it, you only need to send an email to the author indicating the account, which is done to prevent resale. The demo version is distributed freely and can be used on demo account.
The rules of the trading strategy of the "Barabashka" Expert Advisor
The basis of the advisor "Barabashka" is TMA channelThe TMA is often used by traders and its property, according to which, if the price has gone beyond the levels of the indicator, it will definitely return to them. This property of the TMA is often used by traders and several successful trading strategies have been based on it.
Paired with a set of TMA channels, the Expert Advisor uses RSI indicatorwhich plays the role of a filter to enter the position. If the bar has closed below or above the channel boundary and RSI is not in the overbought or oversold zone, a pending stop order is placed on the channel boundary, waiting for the price to return. If the lower border is broken through, then BuyStop, if the upper one, then SellStop. If the stop level does not allow placing an order close to the price, the closest possible order is placed.
This is followed by the process of price moves. If the quotes moved further from the channel, the pending order is modified, following the trend, until the pullback occurs and it triggers.
If the pending order did not manage to trigger and the price returned to the channel, which happens at the flat market, the order is modified by placing it on the other side of the TMA indicator, waiting for a breakout.
In addition, advisors are provided for lockingIf the price went in the other direction than we expected, as well as the functions of money management: fixed lot, increasing the lot after the balance changes and changes using the percentage of the free margin. Also implemented time managementfunction Breakeven и Martingale. Exit from the position is provided by TrallingStop or by TakeProfit.
Conditions for testing the "Barabashka" Expert Advisor
To work we need a 1000$ trading account with an initial lot 0.1, which subsequently will be increased by 0.01 with every 10$ of deposit growth. It should be said that the laboratory of ForTrader.org has tried all possible versions of "Plunderbug", and this one turned out to be the most acceptable and interesting. We will work again with our wonderful sponsor:
- The company: Diven FX
- Terminal: MetaTrader 4
- Deposit: 1 000$
- Account type: real
- Currency pairs: EURUSD
- Timeframe: М5
- Expert's office hours24/7
- Type: free
- Start of testing: 08.07.2014
As you can see from the description, this robot works with short trades, makes profit quite often, we have not noticed any particular drawdown either. In addition to M5, it is possible to trade on M1, but for us this condition is already as close to random trades as possible, so ForTrader.org experts choose five-minute trades.
Testing of the "Barabashka" Expert Advisor
As we said before, we tried the Expert Advisor under different conditions. Fortunately, the detailed and extensive parameters of the robot allow us to do that.
We will not cite different results, we will only show how the "Barabashka" works with the parameters that we have chosen to place on the monitoring, as well as its trading for a smaller deposit - for those who do not want to immediately take significant risks.
- Initial deposit: 1000$
- Net income: 2624.69$
- Maximum drawdown: 629.29 (21.58%)
- Lot: initial 0.1, increase by 0.01 with deposit growth every 10$
We are very impressed by the size of the maximum drawdown given by such an active and profitable Expert Advisor. Let us remind you that the specified profit is the work for six months, which cannot but be encouraging.
Well, a test for those who would like to put an Expert Advisor "Barabashka" on a smaller deposit.
- Initial deposit: 100$
- Net income: 260.75$
- Maximum drawdown: 159.01 (50.28%)
- Lot: initial 0.01, increase by 0.01 with deposit growth every 10$
As you understand, the risk in this case will be much higher and not particularly reasonable, however, the option has the right to life, with twice the drawdown. The entire risk in this case rests entirely on your shoulders, it must be understood.
We're going to try version of the advisor "Barabashka" with less risk but high profitability. The author's robot works very well, we also hope for a good increase by the end of the year.