Trading robots
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The permanent member of our forum, an mql-programmer known for his interesting ideas and useful scripts, suggested us an interesting EA for testing. The interest in testing was generated not by the results but by the idea - the Expert Advisor works on tick quotes catching the fast movements. Principles of Exp-TickSniper Expert Advisor As mentioned above, the Expert Advisor Exp-TickSniper is based on tick movements and is able to profit from the rapid movement of quotes, catching the direction and opening deals. Any currency pairs can be set in trade, but the author recommends using EURUSD GBPUSD and USDCHF. Work is done with protective orders of StopLoss and TakeProfit. Time frame also does not matter. The basis of the trading strategy of the Exp-TickSniper Expert Advisor is to work with...
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This time in the research part of ForTrader.org we will look at a scalping strategy based on moving averages and stochastic modifications, which are applied on the smallest timeframe - M1. Trading is designed for the European session and currency pairs with small spread. We will briefly analyze the entry and exit signals of the TS. Trading strategy rules We use 5 indicators to work: three moving averages EMA with periods of 165, 102 and 63, as well as two stochastics with parameters (15, 3, 9) and (30, 6, 18). Note that the stochastics are non-standard, and with...
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We will automate and test an interesting trading strategy allowing scalping based on traditional indicators of any trading platform in the 72nd issue of ForTrader.org. You can find the full author's rules of the strategy on the page of our website, here we will briefly tell you about the rules and the results. Author's trading strategy rules So, to work we will need the following indicators: - Bollinger Bands with period 50 and deviation 2 (color yellow); - Bollinger Bands with period 50 and deviation 3 (color blue); - Bollinger Bands with period 50 and deviation 4 (color red); - RSI indicator (8) with levels 30 and 70; - Stochastic (14,...
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The new research experiment of the laboratory of ForTrader.org magazine is MultiSkalper EA, a modified and improved version of the popular robot Joker EA. At the moment, Joker EA version 1.4 shows quite good results in our monitoring, so MultiSkalper EA was gladly accepted for testing on two accounts at once. According to the description of MultiSkalper EA presented on the author's website, the strategy of the robot is based on a symbiosis of three different trading strategies, each of which can bring stable profit independently. Therefore, the Expert Advisor is actually a portfolio of tactics, diversifying the risks. For this purpose the author has calculated a coefficient for the trading lot of each strategy, taking into account the drawdown and profitability of each: for the first strategy K =...
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JokerEA v1.4 is an automatic trading system, which implements a trend trading algorithm. This Expert Advisor has attracted the attention of the experts of fortrader.org magazine's laboratory through an active advertising campaign of its author, who claims that at the moment it is the best robot that gives a constant and confident profit for a long time, while having a minimal drawdown. Well, let's give it a try! A special positive aspect of the Expert Advisor JokerEA v1.4 is an algorithm for effective money management, which does not create a critical load on the deposit. The developers of the Expert Advisor have the ability to configure the degree of risk, which reduces to a minimum the probability of losing the deposit. The disadvantage of the robot JokerEA v1.4, as well as of any trend system, is getting losses when triggering stop-losses on protracted speculative...
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Omega Trend v7.0 Expert Advisor is a trending system and uses several trading strategies based on the author's indicators for early trend detection. One of the advantages of Omega Trend v7.0 Expert Advisor is the availability of dynamic stop loss and take profit levels, which increases the probability of profit. The use of trend-following indicators allows to profit from various types of market price movements. Trading "following the trend" significantly reduces risks and increases the efficiency of trading. The disadvantage of the Omega Trend v7.0 Expert Advisor is the stable operation on two currency pairs: EURUSD and GBPUSD. Another disadvantage, according to the experts of ForTrader.org, is the use of custom indicators, which makes it difficult to configure the...
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The Russian System Expert Advisor is developed by the participants of our forum, which determined the choice of this Expert Advisor for testing. At the moment, the work of the Expert Advisor is discussed in the "Russian system" topic, where you can find the history of changes made to the Expert Advisor and all its released versions and settings sets. The latest version of the Expert Advisor is the Russian system of Senchakov ver4. As for the advisor's internal content, it should be noted that it does not use channels or signals in its work. It immediately sets a lock after opening one trade, thereby creating a grid. Then the Expert Advisor waits for a pullback in order to close both profitable and losing chains of positions. Thus, the weak point...
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Million Dollar Pips Expert Advisor has attracted the attention of fortrader.org magazine's lab experts with many often contradictory reviews. Million Dollar Pips is a typical scalper. Low spread is a necessary condition for the most effective work. Advisor Million Dollar Pips is designed to work only on the currency pair EURUSD, which, in the opinion of our experts, is a significant disadvantage. In addition, some experts call this robot a "testering grail", suggesting that it is the only profitable strategy tester looking into the future based on already existing quotes. Let's see how right these comments turn out to be. The peculiarity of the Million Dollar Pips Expert Advisor is that it opens several orders in a short period of time, which are quickly...
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Advisor FOREX Combo System 1.4 is a popular trading robot among practicing traders and has attracted our attention by the stable, though relatively low, profitability and acceptable level of drawdown on the results of testing in 2010 and 2011. According to the experts of the magazine ForTrader.org, the advantage of the Expert Advisor FOREX Combo System 1.4 is a combination of three trading robots, trading on different principles: 1) FXCOMBO_Scalping - uses scalping tactics, as the name suggests, 2) FXCOMBO_Breakout - based on trailing stop, 3) FXCOMBO_Reversal - using the reversal tactics. In the settings it is possible to disable each of the three Expert Advisors. Using combinations of trading robots, which are part of FOREX Combo 1.4, gives traders the ability to choose the...
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WallStreet EA is positioned by the developers as an intelligent and self-learning system of automatic trading. According to the authors, the expert advisor analyzes the trend independently and on the basis of the trend strength, volatility and a number of other indicators builds its strategy, making deals at the most profitable points. WallStreet EA is designed to work on the currency pairs EURUSD, GBPUSD, USDJPY and USDCHF. To achieve the maximum effect, according to experts of ForTrader.org, it is desirable to choose currency pairs with the smallest spread, because the robot profit per trade is not very high. Despite the fact that the Expert Advisor is declared as a "set - take profit" system, before you run WallStreet EA it is recommended to make a few steps to improve the efficiency of the...
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Fast Forex Millions Expert Advisor attracted the attention of fortrader.org magazine laboratory experts by its super-profitable work, which was shown in the course of testing in the strategy tester. The developers of Fast Forex Millions Expert Advisor do not disclose the principles of its algorithm in full. The only thing that can be said after a cursory glance at the code, the robot operates based on the ART indicator readings, price values and several large arrays of numbers, the logic of which cannot be understood. The test results show that the Expert Advisor does not have fixed Stop Loss or Take Profit and closes positions depending on the market conditions. The Expert Advisor is not a scalper and opens many positions and sometimes holds them for a long period of time. The advantages of the Fast Forex Expert Advisor are...
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Previously, ForTrader.org magazine has already reviewed the work of the EA Volatility Factor EA for the EURUSD currency pair, but let me remind you that the authors also recommended trading on the pound sterling. We suggest you to consider this work variant of the Volatility Factor EA. Recall that the Expert Advisor Volatility Factor EA is based on the principle of grid trading, using the indicator Bollinger Bands. A detailed description of the Volatility Factor EA can be found in a previous post, let us now look at the testing. Testing conditions of Volatility Factor EA: Company: Gamma Markets LTD Terminal: MetaTrader 4 Deposit: 1000$ Account type: real Currency pair: GBPUSD Timeframe: M15 Fixed lot: 0.1 Expert Advisor working time: Round-the-clock Backtest: 2010-2011...
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Aladdin 7 FX Pro Expert Advisor is a product of further development of automatic trading systems of Aladdin series and, according to the developers, is devoid of all disadvantages of previous versions. In the "Expert Lab" we investigate how successful this robot is. The Aladdin 7 FX Pro has implemented the principle of indicator entry and position tracking using built-in logic. The use of an indicator filter and internal logic system allows to sift out false signals. The advantages of the Aladdin 7 FX Pro Expert Advisor are: - stable operation even during strong market volatility; - deposit protection by obligatory placing stop-losses; - accompaniment of profitable positions with a trailing stop; - possibility of setting all input parameters depending on the size of the deposit,...
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Volatility Factor EA is a trading Expert Advisor from the developers of Wall Street Forex Robot, which is also presented in the laboratory of fortrader.org magazine. This robot is an algorithm based on a grid of orders built on the results of the Bollinger Bands indicator. The main weak link of Volatility Factor EA is StopLoss which can result in a loss of one fifth of the deposit in case of misfortune. Nevertheless, in 2 years of testing the Expert Advisor there were no such moments, and the risk, as we all know, is always present in case of high profitability. Volatility Factor EA is very handy in its work, it independently distinguishes how many digits and you after the decimal point. In addition, since we do have...
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In the "lab" project on researching trading Expert Advisors, ForTrader.org magazine examines the XMT-scalper v2-4-1 Expert Advisor. The basis of the algorithm of the XMT-scalper v2-4-1 Expert Advisor is an early commercial robot MillionDollarPips. The expert has the ability to trade on various currency pairs. We will test it on EURUSD. It is important that the testing should be conducted with a company that allows trading scalps and has acceptable spread and execution levels. Testing conditions for the following Expert Advisor: Company: Gamma Markets LTD Terminal: MetaTrader 4 Deposit: 1000$ Account type: real Currency pair: EURUSD Timeframe: M5 Expert Advisor working hours: Round-the-clock Backtest: 2010-2012 Start of testing: 06.02.13 End date of testing: 05.05.13 Testing the XMT-scalper v2-4-1 Results of testing the...
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In recent years, trading in the market is carried out with the help of robots. The most famous exchange platform MetaTrader is capable of creating robots using a built-in programming language. All these software tools allow to automate the trading process. The popularity of trading robots on the market is associated with the huge popularity of the trading platform MetaTrader. However, the growth of MT4 is not the only reason for the wide popularity of trading robots on the market. This article will show you how to understand the huge variety of trading robots in order to find the best Expert Advisor for your trading style. We'll look at what you need to know about the robot you choose, and what realistic goals you should have. Finally, we will touch on some of the other players involved in using robots in the market and...
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The MACD Momentum Expert Advisor was created by the forexsystemsru.com forum programmers as part of the trading strategies testing project. It was taken from the Internet and has shown excellent results with 100-200% of profit. But let's start with the strategy. Trading strategy The MACD Momentum trading strategy uses only two standard indicators to generate signals. The MACD indicator gives the primary signal, but a position is opened only after it is confirmed by the Momentum indicator. Input parameters Currency pairs: pairs with Japanese yen Time frame: H4 Trading time: any Risk management: after stop-loss calculation choose such a volume of a lot, that the risk should not exceed 2-5% of the deposit per trade Used MACD indicators (12, 72,...
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The trend trading strategy "Pit" is a fairly simple system based on three standard indicators, which determine the end of a correction and the search for an entry point by trend. The simplicity of the "Pit" strategy makes it accessible even to novice traders. Input parameters Currency pairs: GBP/JPY and GBP/CHF are recommended, other currency pairs could be used Time frame: H1 Trading time: any Risk management: After calculating stop-loss, choose such a lot volume that the risk is not more than 2-5% of the deposit per trade Indicators Exponential moving average with period EMA(96); MACD indicator(5; 14; 1); Simple moving average SMA(20) and shift 2, is set in the basement on the MACD indicator. Signals to buy SMA(20).
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The AKA trading strategy is a trend system that generates signals to enter the market by trend after a slight price correction. The trend is determined by the daily timeframe, and the market entry is made on the hourly timeframe. The strategy is built on the use of pending orders, which reduces trading risks, so it fits very well for traders who do not want to take risks. Input parameters Currency pairs: AUD/CAD Time frame: Daily (for trend detection), H1 (for entering the market) Trading time: any Risk management: after stop-loss calculation choose such a volume of a lot that the risk should not exceed 2-5% of the deposit per trade Used indicators The strategy uses only one indicator - SMA(48),...
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The "Giraffe" trading strategy does not use technical indicators to generate trading signals. Market entry points are determined by a combination of Japanese candles in a particular pattern. It is suitable for those traders who cannot devote a lot of time to trading on the foreign exchange market. Input parameters Currency pairs: GBP/JPY, EUR/JPY, CAD/JPY Time frame: W1 Trading time: the beginning and end of the trading week Risk management: after the calculation of stop-loss choose the volume of the lot, so that the risk was not more than 2-5% of the deposit per transaction Signals indicating the opening of a long position after the downward candle is formed upward; buy deal opens with the beginning of the next candle. Signals indicating the opening of a short position after...
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