Iris FX Expert Advisor
A forex expert advisor with decent results and very nervous tech support
About the expert advisor
Platform: Metatrader4
Operating time: around the clock
Currency pair: EURUSD
Timeframe: H1 for the first and second strategies, H4 for the third strategy
One installation peculiarity: a separate chart must be opened for each strategy. That is, if you want to use all 3 strategies of the expert advisor, 3 charts must be open with the same expert (do not forget to specify the strategy number in the settings - the Strategy parameter).
On the official website www.fx-emit.com there is monitoring of a real account:
The trading history is not verified, but there are withdrawals in the reports. Therefore, it can be assumed that the account is indeed real.
Also, on ForexPeaceArmy they ran a demo test of this expert advisor for 25 weeks, but recently stopped. The reason is that the demo expired. The results can be viewed at the link http://www.forexpeacearmy.com/metatrader_expert_advisor/iris_fx/demo
The real account monitoring is on Alpari. According to the authors, the expert was tailored specifically for this broker.
A funny moment: if you buy a license and ask support too many "stupid" questions, they will refund your money and block the license with a request to never buy anything from them again. And this is not a joke. Of course, questions from beginners sometimes irritate me too, but not to that extent...
Backtests
Since the expert advisor's take profit ranges from 1-3 to 20 points, it is tailored for Alpari, and for accurate backtests I use Dukascopy tick data (see 99% modeling quality), so testing on historical data is useless. But I still did several tests, purely for the record.
As always, backtests are performed with a fixed lot of 0.1 in order to clearly see the performance in points.
1st strategy
2008-2010
2011
2nd strategy
2008-2010
2011
3rd strategy
2008-2010
2011
Settings
There are practically no settings in the Iris FX expert advisor.
Strategy - set a number from 1 to 3, depending on which strategy you want to use. I remind you that for all three strategies to work simultaneously, you need to attach the expert to three charts.
LotPercent - money management, the lot is calculated as a percentage of the deposit. It works poorly, so I advise disabling it (by setting 0) and using a fixed lot.
Lot_fixed - fixed lot size
Download the Iris FX Expert Advisor
Important! Installation nuances for new Metatrader 4 builds
Respectfully, Pavel TradeLikeaPro.ru
A forex expert advisor with decent results and very nervous tech support.