Excalibur Expert Advisor - Long-Term Trend Trader
Hello, dear forex traders. We present to your attention the forex expert advisor Excalibur. Its distinguishing feature is trading pullbacks from the trend. In this review, we will test it on many currency pairs (a separate version of the expert for each pair) and select the optimal set with stable profitability.
Expert Advisor Characteristics
Platform: Metatrader 4
Expert advisor version: 1.2
Currency pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, UDJPY
Timeframe: M15
Operating time: around the clock
Recommended broker: Alpari (ECN accounts)
Installation Guide
We install the expert advisor as usual. If this is your first time dealing with robots on Forex and you have a lot of questions, download and watch the course Forex on Autopilot.
In this expert advisor, the settings for each pair are already written into the code itself, so we simply open the required pairs on the required timeframe and attach the corresponding expert advisor to each chart (the pair is indicated in the name).
Expert Advisor Strategy
The trading strategy uses pullbacks from the main trend based on indicator signals. During trends there are always pullbacks caused by the need to consolidate funds in the market before the further continuation of the trend movement, and it is exactly such situations that the expert advisor trades.
Expert Advisor Backtests
Backtests were performed for each pair separately, since the Metatrader 4 platform does not allow multi-currency testing.
Tests were carried out with a fixed lot. This makes it possible to evaluate the testing results without taking money management into account.
AUDUSD Excalibur LOT 0.1 2007-2013
Test results are good
EURUSD Excalibur LOT 0.1 2007-2013
Test results are good
GBPUSD Excalibur LOT 0.1 2007-2013
Test results are good
NZDUSD Excalibur LOT 0.1 2007-2013
Test results are unstable
USDCAD Excalibur LOT 0.1 2010-2013
The test results are unstable
USDCHF Excalibur LOT 0.1 2010-2013
The test results are unstable
USDJPY Excalibur LOT 0.1 2010-2013
The test results are very unstable
Thus, you can assemble for yourself a set of currency pairs for the expert advisor based on the tests performed and their evaluations.
Description of settings
- Magic - the magic number for distinguishing orders in the advisor. For different pairs the magic numbers must differ.
- EA_Comment - a comment for the placed orders.
- MaxSpread - the maximum allowable spread at which orders will be placed.
- Slippage - the maximum allowable slippage at which orders will be placed.
- MM - a section of parameters that sets the trading lot size
- FixedLots - sets a fixed lot for trading.
- AutoMM - sets the maximum allowable lot for trading as a percentage of the deposit
- AutoMM_Max - a limiter for the AutoMM parameter
- MaxAccountTrades - the maximum possible number of simultaneously open positions on the account.
Recommended money management
A risk per trade of 2 to 5 percent is recommended.
Summary
The Excalibur Expert Advisor is a profitable trend-following long-term trader, working stably over a long period.
Important!
For the correct operation of the expert advisor, the trading terminal must be turned on from the market opening on Sunday evening until its closing on Friday evening. If you do not have the ability to keep your computer running 24/5, then it is recommended to use a VPS server service.
Download the "Excalibur" Expert Advisor
Important! Installation nuances in new builds of Metatrader 4
Sincerely, Alexey aka Merlin TradeLikeaPro.ru
Hello, dear forex traders. We present to your attention the Excalibur forex expert advisor.