REV Trader Pro is a popular intraday advisor
В 88 issue of ForTrader.org magazine We are going to study the currently popular trading robot REV Trader Pro. It has recently become of particular interest among traders, mostly due to its medium timeframe (scalpers have become a little boring), as well as low drawdown. The magazine's lab had two versions of this Expert Advisor - 2.2 and 2.4. In general, the results of their testing were very similar, so we settled on the last version from the author.
Expert Advisor Description
Advisor REV Trader Pro is fully automatic, there is no need to set up anything additionally, which is especially useful for beginners and for those traders who are not into programming and experts in general. So says the author. At our forum But there are comments about it: those users who have already tried REV Trader Pro say that its performance often depends on a particular broker, and that the new version - it is only optimized parameters for a new trading period, which also does not add autonomy advisor.
However, REV Trader Pro is a multicurrency Expert Advisor that works successfully on four currency pairs. His work uses Stop Loss, Tralling Stop and Take Profit, which is good for capital in general. The basis of the robot is three indicators - standard Stochastis and Moving Average and the custom HighLow, which filter out false signals coming from the analysis of older periods. The calculation of the distance of the price from the nearest points of minimum and maximum is used as a formula for detecting the signal. We once described a similar way of working on our website, and those who are interested can look it up in our earlier issues. Its weak side is strong trends. A weighty addition that makes REV Trader Pro more profitable than the strategy we investigated is the appearance of additional trades in the same direction if the price goes in the opposite direction. That is, if we have opened a Buy and the price has moved down, then after a certain number of points the advisor opens another trade in the same direction, but at a better price. This principle, of course, has the same disadvantage - a prolonged trend. But they are quite rare now, so so far REV Trader Pro is profitable. If the robot guessed the direction, the deal is closed by Tralling Stop or Take Profit somewhere between 90-130 points of profit.
REV Trader Pro test conditions
For work we will need trading account at least 1000$ and a leverage of 1:1000, taking into account the work lot 0.01 on ECN. REV Trader Pro has Money Management function, if necessary advisor will adjust the volume of transaction by itself. It is also important to have 5-digit quotes. The account this time we are offered by our new sponsor, the company RVD Markets.
- Company: RVD Markets
- Terminal: MetaTrader 4
- Deposit: 1000$
- Type of account: real
- Currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD
- Time frame: H1
- Working hours of the expert: 24 hours a day
- Type: commercial
- Start of testing: 11/28/2014
The number of working parameters in the Expert Advisor is enormous. The author allows you to configure all the indicators, money management and trailing stop. This gives additional flexibility for optimization, especially if the robot does not work well with your broker.
There is no point in describing all of the parameters of REV Trader Pro, the settings of the standard indicators can be found on the Internet, and the essence of the rest is clear from the name. Let's tell only about the main ones.
- Enable Alert - audio alert when an alarm occurs
- Use_Trade_Time - enable/disable the function of using the trading time
- Enable Email - notification by email when an alarm occurs
- Trade Magic - analog of Magic Number
- ECNMode - enable mode for the esp account, true - enabled
- Оrder 2Distance - distance in pips from the opening of the 2nd order
- Оrder 3Distance - distance in pips from the opening of the 3rd order
- SL - size of the Stop Loss
- Moneu_managment - enabling the capital management function
- Percent Risk - parameter of the dynamic increase in the lot, depending on the size of the balance
- Lot - the value of the fixed lot, if Money_management is false
In general, you have the ability to make this robot work completely differently by changing the parameters significantly. Optimization lovers will be happy.
Testing REV Trader Pro Expert Advisor
Since we have a multicurrency trading robot that works on 4 currency pairs, it made sense to divide the possible deposit into 4 parts in equal proportions for each instrument. Of course, everything will be different in real life, but we take ideal conditions for testing. Therefore our initial deposit will be 250$, time period - the current year (from 01.01.14 to 26.11.14), other conditions are identical to the real ones for the sponsoring company. The first will be the EURUSD pair.
- Number of deals: 71 pcs.
- Net profit: 54.00$
- Maximum drawdown: 39.54 (14.70%)
In this and further STATEMENTS from our sponsor was very intimidated by the large number of misalignment errors. In order to be sure of the success of REV Trader Pro, we conducted an additional similar testing on Alpari's quotes. The result was as similar as possible.
On the whole, for the year good profitability with a nice drawdown. Cyclicality is explained by the very long trends, which knocked out all trades by Stop Loss. If there were more of them, the result would immediately become much worse.
Let's look at the pairing with the pound:
- Number of deals: 115 pcs.
- Net profit: 112.43$
- Maximum drawdown: 13.44 (4.94%)
The total loss for the year was only 23$. Just perfect parameters for this robot and currency pair. We hope that in real trading the dynamics will continue.
Let's look at the Australian dollar:
- Number of deals: 40 pcs.
- Net profit: 81.60$
- Maximum drawdown: 34.67 (11.58%)
The balance chart is smoother, but not enough trades to be sure, although the drawdown is still level.
And finally, the New Zealand dollar:
- Number of deals: 81 pcs.
- Net profit: 37.28$
- Maximum drawdown: 35.61 (14.01%)
That pair is the one you least want to trust with your money. In general, if you want, it can be excluded from trading, but we have a slightly different task, so we will leave it in testing.
As you can see, REV Trader Pro is worthy of the attention it gets from modern traders. It's really interesting to see how the robot behaves in real trading. We hope that the result will be close to what it shows in testing.
How do I download this bot? Please give me a link.
This is a commercial robot. You can purchase it from the seller.