Grand Master Expert Advisor - a win-win option for those who are in no hurry

Hello, dear Forex traders.

As is known, for a serious trader to build a balanced portfolio of expert advisors, besides high-risk aggressive Martingales, intellectually advanced trend robots, precise scalpers that "bite off" small pieces of increased volatility, expert advisors are also needed that provide a small but stable income with minimal risks. We will talk in this article about an expert advisor intended for use as a stable break-even component in a portfolio of strategies.

We present to your attention the forex expert advisor Grand Master by our forum member GreenDragon, created according to the strategy of the same name. A distinctive feature of this expert advisor is break-even trading (with certain limitations, of course). The expert advisor is intended for opening positions after preliminary technical analysis. Nevertheless, on monitoring the expert advisor, once launched and trading even without taking technical analysis into account, has been working profitably for a long time already. In this review, we will analyze this expert advisor and go over its settings and features.

Platform: Metatrader 4
Expert advisor version: 1.1
Currency pairs: according to the strategy AUDUSD + EURAUD (but there is an option to put it on other pairs as well)
Timeframe: any
Working time: around the clock
Recommended brokers: Forex4You, RoboForex, FotrFS

We install the expert advisor as usual. If this is your first time dealing with robots on Forex and you have a bunch of questions, download and watch the course Forex on Autopilot.

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

The expert advisor is intended for opening positions on inversely correlated pairs in the direction of a positive swap: thus, according to the original strategy, the AUDUSD pair should only be bought, and the EURAUD pair only sold. These positions must be taken after technical analysis of the charts of the above-mentioned pairs and determination of the most favorable entry point in the direction corresponding to the strategy. Trades are opened with a small take profit (20 points), without a stop loss. If a trade closes with profit, we open a new order. In cases when the currency pair goes in the "wrong" direction, the expert advisor builds an order grid with a fixed step and a limited number of orders for each pair - these parameters are set in accordance with historically justified values of non-retracement movement on the AUDUSD (EURAUD) pairs. It is also possible to use other mutually correlated pairs and trade them exclusively in the direction of a positive swap.
Thus, the expert advisor is an original range grid trader and carry trade in one bottle.

P.S. A more detailed description of the system is available in the review of the Grand Master strategy

Attention! The "Grand Master" expert advisor uses an averaging strategy through an order grid. Strict adherence to money management is necessary!

An example of the Grand Master expert advisor in action:

Backtests were done for each pair separately, since the MetaTrader 4 platform does not allow multi-currency testing.
The tests were conducted without preliminary use of technical analysis.
In the test on the AUDUSD pair, only buys are allowed; on the EURAUD pair, only sells are allowed. The settings file (preset) from the developer of the expert advisor was used.

The tests were done using the Tick Data Suite program on quotes from Dukascopy, the spread is real and variable.

Grand Master 2014-2016 AUDUSD 5000 0.01

At the end of the chart we see a loss, because the tester closed the "hanging" positions that had not yet come out into profit

Grand Master 2014-2016 EURAUD 5000 0.01

The test results are good and correspond to the strategy

Conclusion: The Grand Master expert advisor, when operating on the AUDUSD+EURAUD pairs, shows profit over the long-term horizon.

The monitoring uses the AUDUSD and EURAUD pairs

The settings look as follows:

Attention! In its current implementation, the expert advisor has one peculiarity: it can sometimes (once every 3-4 months) "forget" to set the take profit, so it is recommended to periodically review open positions and, if the take profit is missing, set it manually.

A lot size of 0.01 per 5000 units of deposit is recommended.
For clarity, see the table below.

The Grand Master expert advisor is a stable range-type trading robot that is profitable over a fairly long period. With proper money management and the use of technical analysis, the risk of losses is minimal and can materialize only during global economic upheavals. But in the short term, the expert advisor may be in drawdown, which is a consequence of its strategy. It should also be kept in mind that the expert advisor requires preliminary technical analysis to determine quality entry points.

For the expert advisor to work correctly, the trading terminal must be switched 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 the VPS server service.

Forum thread

Respectfully, Alexey aka Merlin Tlap.io