FxOriginal - martingale is back in fashion again?
Attention!!!
Be extremely careful! The advisor uses martingale: for losing trades the advisor opens identical ones, but with a larger lot: the initial lot can be increased by 50 (!) times. Under certain circumstances, this can lead to the loss of the entire deposit.
I often say that martingale is crap for completely desperate traders. Yes, in most cases that is true, but if there is a small amount to open a cent account, why not have a little fun :) ? Of course, hoping for some steady profit from martingale is foolish, but for entertainment it will do just fine.
About the advisor
Platform: Metatrader4
Working time: around the clock
Currency pair: EURUSD
Timeframe: M5
On the official site they offer us the advisor for 299$. God be their judge, we are more interested in live account monitorings. There are only three monitorings, and all of them are available only through a password in the address bar, so there will be no pretty pictures this time either)) By the way, for one of the monitored accounts they provide an investor password (see below).
Account 1 (medium risk):
http://www.myfxbook.com/members/GilmourFX/medium-risk-1500/63965/PAtVZLSwewdEhCXcmEE3
Broker: Alpari
Server: Micro3
Login: 313398
Investor password: l7mzgrz
Account 2 (medium risk):
http://www.myfxbook.com/members/GilmourFX/medium-risk-1200/63967/SFllK8MHQVcwAq5ZSEiY
Account 3 (low risk):
http://www.myfxbook.com/members/GilmourFX/low-risk-1100/63968/Hi65KtOPGfhcW0dzf0wb
Description of settings
Expert ID – the code for the advisor's orders, needed so that the expert does not confuse its own orders with the positions of other advisors.
Allow New Series – if this parameter is disabled (false), the advisor will not open a new series of orders until the orders of the previous series are closed.
Risk settings:
RiskLevel – this parameter determines the risk level and money management. Four options are possible:
0 – the advisor will start with the lot specified in the FixedStartLot parameter.
1 - low risk level
2 - medium risk level
3 - high risk level
Use the Strategy Tester in Metatrader 4 to calculate the appropriate risk for your deposit size and account type.
FixedStartLot - starting lot, if the RiskLevel setting is 0
Backtest
2007-2011 (FixedStartLot = 0.1)
The advisor is certainly dangerous, but quite entertaining.
Important! Installation nuances in newer Metatrader 4 builds
P.S. When installing, note that the FxOriginal.dll file must be located in the MT4 root folder, and FxOriginal32.dll in expertslibraries .
Also see FAQ on trading with advisors, to avoid unnecessary questions.
A promising Forex martingale advisor. Is such a thing even possible!??
