Asia Advisor - Traders' Favorite, Investors' Friend

Hello, dear colleagues. Many traders prefer active work in the market, like to keep their finger on the pulse of the news, constantly test trading systems and new ideas.  And there are forex traders who find it more convenient to be investors - to invest in PAMMs, use signals, trade copying, that is, to invest in the intellectual work of professionals.  We present to your attention the Asia advisor, which is an excellent solution suitable for both active traders and moderate investors, due to its outstanding results both in many years of tests and on real accounts. In this article we will test it on several pairs and evaluate the results obtained.

Platform: Metatrader 4
Advisor version: 1.4
Currency pairs: GBPUSD, USDJPY, GBPCAD, GBPCHF,  EURGBP, EURCHF, USDCAD,  USDCHF
Timeframe: M15
Working time: Asian session
Recommended brokers:  Alpari (ECN accounts), Roboforex (ECN accounts)

We install the advisor as usual. If you are encountering robots on Forex for the first time and have a lot of questions, download and watch the Forex on Autopilot course.

Attention! In this advisor, the settings significantly affect trading results, use the recommended set files (see the archive at the end of this article).

The advisor is a trend scalper. Entry into a trade occurs on pullbacks from the main trend.  Signal filtering from a    channel indicator,  based on  volatility, may also be applied. Orders can be closed by stop loss, take profit, or by indicators built into the advisor indicators, also by offsets from the channel boundaries of the corresponding indicator; a trading time limit is possible.
The expert does not use martingale or order grids, but can apply a recovery  mode, that is, restoration, with an increased lot (depends on the set).

The expert is a stable and profitable robot that is designed to work in various market conditions, for many years of profitable trading.

Backtests were made for each pair separately, since the Metatrader 4 platform does not allow multi-currency tests.

The first series of tests is done with a fixed lot. This makes it possible to evaluate the testing results without taking money management into account.

Asia EURCHF 2000 2015 lot 0.1

The test results are good

Asia EURGBP 2000 2015 lot 0.1

The test results are acceptable

Asia GBPCAD 2000 2015 lot 0.1

The test results are acceptable

Asia GBPCHF 2000 2015 lot 0.1

Test results are good

Asia GBPUSD 2000 2015 lot 0.1

Test results are good

Asia USDCAD 2000 2015 lot 0.1

Test results are acceptable

Asia USDCHF 2000 2015 lot 0.1

Test results are very good

Asia USDJPY 2000 2015 lot 0.1

Test results are acceptable

The second series of tests is carried out with a dynamic proportional) lot. This makes it possible to evaluate the testing results taking money management into account.

Asia EURCHF 2000 2015 lot MM2

Asia EURGBP 2000 2015 lot MM2

Asia GBPCAD 2000 2015 lot MM2

Asia GBPCHF 2000 2015 lot MM2

Asia GBPUSD 2000 2015 lot MM2

Asia USDCAD 2000 2015 lot MM2

Asia USDCHF 2000 2015 lot MM2

Asia USDJPY 2000 2015 lot MM2

Using the EA Analyzer program, let us make a summary statement for tests of all pairs with a proportional lot.

Asia 2000-2015 lot MM2

Conclusion: The Asia Expert Advisor, when working with a proportional lot on 8 pairs, shows very stable profit growth without significant drawdowns.

⇒Links to all backtests used in the article (for independent analysis) can be found in the forum thread Asia.

The robot settings look as follows:

Custom Settings

Risk Management

In the Simple version of the Expert Advisor there are even fewer settings:

The Simple version can be installed only on recommended pairs.

The  Simple version differs from the regular one in that it has a minimum of settings brought "outside." If you want full access to all settings, if you want to use settings different from the author's presets, or if you want to run the Asia EA on  pairs different from the recommended ones, only the regular version of the EA is suitable for you. For beginners and for those who do not like experiments, the Simple version may be convenient.

Attention! If you use the Simple version, do not forget to set the MaxDailyRange parameter for each pair:

- GBPUSD: MaxDailyRange = 35
- USDJPY: MaxDailyRange = 75
- EURCHF: MaxDailyRange = 35
- GBPCHF: MaxDailyRange = 55
- GBPCAD: MaxDailyRange = 85
- EURGBP: MaxDailyRange = 5
- USDCAD: MaxDailyRange = 85
- USDCHF: MaxDailyRange = 35

If you decide to use the regular version of the EA, it is recommended to use the presets provided at the end of the article (the MQL4 folder contains a Presets folder with the sets).

Attention! Do not change anything in the EA parameters and use only the recommended values unless you understand exactly what you are doing!

A risk per trade of 2 percent of the deposit for each pair is recommended. The lot can be calculated using a special table, or you can simply set the risk level in the EA parameters, and everything will be calculated automatically.

The Asia EA is a multi-currency, stable, and  profitable  trend scalper, that is, a trading robot intended for operation on ECN accounts. Reliability, stability, and predictability are confirmed by tests and  monitoring on a real account.  Over the long term,  profitability may remain in a neutral zone for some time. Also note that the EA does not trade often.

For the EA to work correctly, the trading terminal must be turned on from the market open on Sunday evening until its close on Friday evening. If you do not have the ability to keep your computer running 24/5, it is recommended to use a VPS server service.

The Asia EA comes as a free bonus for buyers of the Wall Street robot

Forum thread

Respectfully, Alexey aka Merlin
TradeLikeaPro.ru