XE Pauk Expert Advisor - Slow but Sure

Hello, dear readers of the forex blog. This time we will get acquainted with an expert advisor that will not suit most beginner traders. It is stable and profitable, but only experienced traders will be able to trade it. Why? The expert trades rarely, steadily in profit, and over the long term can deliver good returns. But beginners do not need profit from the market, they need entertainment and adrenaline. They want to blow a deposit on Ilan,  or, at the very least, open a manual trade with the biggest lot possible. Therefore, I do not advise beginners to read further.

Platform: Metatrader 4
Expert advisor version: 1.91
Currency pairs: EURUSD
Timeframe: H4
Operating time: Around the clock
Recommended brokers: Alpari, Roboforex

The XE Pauk expert advisor is installed according to the standard instructions. If you are not very familiar with automated trading, do not know what it is or what it is eaten with, be sure to watch the video course Forex on Autopilot.

The Xe Pauk expert advisor is based on the author's own development: harmonic impulses. This theory assumes that what we see on forex charts is nothing more than a combination of harmonic waves and random noise. The idea is to calculate the required wave and tune in to its frequency. A similar principle is used in radio. After we tune in to the required station, we no longer need to turn the receiver knob, we are already on the frequency we are looking for.

Overall, the strategy tries to catch corrections of the main trend and its continuation. That is, to extract profit both from countertrend movements and from new impulse waves in the direction of the dominant move. By the way, this tactic helps catch early reversals in the market.

Interestingly, the overall profitability of the expert advisor is ensured by the classical scheme described hundreds of times in various textbooks: we win a little more than 50% of trades, but since the Take Profit is larger than the Stop Loss, we remain in profit, which over a long distance means good profitability.

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The Xe Pauk expert advisor can have quite prolonged drawdown periods, but they are followed by recovery. Since the robot trades on H4 and uses pending orders (that is, the technical nuances of order execution and chart construction in the tester are neutralized) to enter the market, the historical test results can be trusted.

As we can see, the expert advisor shows the best results when trading with Alpari. Why? It is all about the H4 candle construction model; read more about this in this article.

The values set in the expert advisor by default are optimal and do not need to be changed. To reduce drawdown, you can try increasing the BalanceStep parameter. Naturally, it is worth checking the result in the strategy tester.

The XE Pauk expert advisor is boring, it does not open a thousand positions, and watching its trading will not make you wake up at night in excitement. And its results can only be judged after a couple of months. In general, it will not be of interest to the "hurried poor".

But for serious traders interested in stable income, the XE Pauk expert advisor may prove very useful. It has few entertainment features and trades only 4-5 times a month, but the profession of trader itself is nothing more than boring routine aimed at extracting benefit from recurring patterns in the market.

Important !!!

For the expert advisor to work correctly, the trading terminal must remain turned on from the market open on Sunday evening until its close on Friday evening. If you do not have the ability to keep your computer running 24/5, then I advise using a VPS server service.

Discuss on the forum

Sincerely, Pavel
TradeLikeaPro.ru