The EA places vir­tu­al sup­port and resis­tance lev­els and waits until these lev­els are bro­ken through. They are chang­ing with the price move­ments. The robot will not trade if the price maun­ders or moves in an unpre­dictable man­ner. But when the mar­ket revives, it takes up a ready posi­tion and once the price moves abrupt­ly, the EA has a stran­gle­hold over it and beats the bag out of the mar­ket.

The robot’s strat­e­gy allows not to wor­ry about your funds. Stop order is placed close to the order in case of sharp rever­sal of the price, and prof­it order moves away from the price all the time and allows the prof­it to grow. Usu­al­ly the order is closed by trail­ing stop which fol­lows the price in such a man­ner that even one prof­itable order can com­pen­sate dozen of unprof­itable ones. But a rule of thumb states that there are more prof­itable orders than unprof­itable ones. This explains the robot’s high prof­itabil­i­ty and low draw­down.

The strat­e­gy works from 2008. Until this year the strat­e­gy did not cor­re­spond to mar­ket con­di­tions.

• The EA trades dur­ing news time
• This is a mul­ti-cur­ren­cy robot which works on ten cur­ren­cy pairs at a time
• Set auto­mat­i­cal­ly
• Works in a tur­bo mode which ensures the EA high-speed per­for­mance
• Does not col­lect draw­down
• Eas­i­ly opti­mized. Usu­al­ly only two para­me­ters need to be opti­mized. They are Dis­tance and RiskPer­cent. The first para­me­ter is respon­si­ble for accu­ra­cy of sig­nals, and the sec­ond one — for prof­itabil­i­ty

Parameters

• Sym­bols — num­ber of active pairs from 1 to 10 as a drop-down list:
  • One_pair
  • Two_pairs
  • Three_pairs
  • Four_pairs
  • Five_pairs
  • Six_pairs
  • Seven_pairs
  • Eight_pairs
  • Nine_pairs
  • Ten_pairs
• Tools — list of defualt cur­ren­cy pairs: GBPUSD/EURUSD/USDJPY/USDCHF/USDCAD/NZDUSD/AUDUSD/EURJPY/EURGBP/EURCHF — the robot reads the list from left to right
• Total — num­ber of dig­it in a sym­bol. Sup­pose, that EURUSD has 6 dig­its and _EURUSD has 7 dig­its, GOLD has 4 dig­its, etc. You can­not enter sym­bols with dif­fer­ent num­ber of dig­its in the above­men­tioned list of sym­bols. If you break this rule in the mid­dle of the list, the EA will trade using the first read sym­bols till the error. If the error occurs at the top of the list, the robot will trade using the cur­rent sym­bol
• Dis­tance — para­me­ter to place support/resistance lev­els
• Sto­pLoss — stop loss lev­el in points
• RiskPer­cent — risk for auto­mat­ed mon­ey man­age­ment
• Slip­page — max­i­mum devi­a­tion from the request­ed price
• Trail­Start — dis­tance from the order to enable trail­ing stop orders
• Use­Time — trad­ing by time (serv­er time is applied)
• Begin­Time — start trad­ing
• End­Time — end trad­ing
• Spread — max­i­mum allowed spread
• order_magic — stamp of an Expert Advi­sor (iden­ti­fi­er)
• Com­ments — dis­play infor­ma­tion on the chart
• Use­Virt­Sto­pLoss — use vir­tu­al stop orders

Recommendations

• It is rec­om­mend­ed to use VPS. Accord­ing to the strat­e­gy the robot has to have good serv­er con­nec­tiv­i­ty
• It is bet­ter to trade with a fixed spread
• Rec­om­mend­ed cur­ren­cy pairs are spec­i­fied by default
• Rec­om­mend­ed peri­od is H1