Squid Advisor - catcher of big trends
Hello, dear forex traders. We present to your attention the profitable forex advisor Squid. Its distinguishing feature is trading in the direction of the trend in order to enter very large movements. In this review, we will test it on several currency pairs and choose the optimal set for stable profitability.
Advisor characteristics
Platform: Metatrader 4
Advisor version: 1.0
Currency pairs: EURUSD, GBPUSD, NZDUSD, USDCHF
Timeframe: M15 for EURUSD, M5 for the other pairs
Working time: around the clock
Recommended brokers: Alpari (ECN accounts), Roboforex
Installation guide
Install the advisor as usual. If this is your first time encountering robots on Forex and you have a lot of questions, download and watch the course Forex on Autopilot.
Attention! In this advisor, the settings for each pair and timeframe are the same. For EURUSD use the M15 timeframe.
Advisor strategy
The advisor belongs to trend robots that trade under increased volatility. Trading method: entering the trend during large movements. If the price is greater than the maximum value for a certain period by a certain amount, then a buy is made; similarly for selling, if the price is less than the minimum value by a certain amount, then a sell is made. The advisor may make many small trades that will not be successful, however the main profit is earned on large movements. The expert does not use methods of averaging during losses, such as martingale, and is a stable trading robot designed for long-term operation.
Advisor backtests
Backtests were made for each pair separately, because the Metatrader 4 platform does not allow multicurrency tests.
EURUSD
2012-2015
Let us consider the results for each month:
The test results are acceptable.
GBPUSD
2012-2015
Let us consider the results for each month:
The test results are acceptable.
NZDUSD
2012-2015
Let us look at the results for each month:
The test results are unstable.
USDCHF
2012-2015
Let us look at the results for each month:
The test results are acceptable.
Conclusion: The expert advisor on 4 pairs shows profit growth without serious drawdowns. However, you need to be prepared for the fact that for a long time the profitability of the expert advisor may "mark time".
Description of settings
- StartingLot - the size of the fixed lot
- Increasing_Lot - enables the automatic lot mode through the risk percentage relative to the balance
- Risk - the amount of risk relative to the balance
- Comment - the comment to the expert advisor orders
- Magic Number - the magic number of orders on this pair
- Slip - the maximum permissible slippage at which orders will be placed
- MaxOpenOrders - the maximum number of open orders on this pair
Attention! Do not change anything in the expert advisor parameters and use only the recommended values if you do not understand exactly what you are doing!
Recommended money management
A risk of 2 percent per trade is recommended.
Results
The Squid expert advisor is a stable trading robot whose use on suitable pairs is safe over the long term. However, in the short term profitability may remain in the neutral zone for a long time, and you need to be prepared for that.
Important!
For the expert advisor to work correctly, the trading terminal must remain on from the market opening Sunday evening until its closing Friday evening. If you cannot keep your computer running 24/5, it is recommended to use the VPS server service.
Download the "Squid" Expert Advisor
Sincerely, Alexey aka Merlin
TradeLikeaPro.ru
Hello, dear Forex traders. We present to your attention the profitable forex advisor Squid.