Forex Athena Expert Advisor review:
Athena Expert Advisor is based on Moving Average and Linear Regression Channel.
Short stop levels and big Take Profit levels are used by the trading robot. Thus, an average profitable deal exceeds a loss-making one several times.
Trailing stop with big step has also been implemented. If the market moves in one direction, the Expert Advisor gradually raises the stop loss level. During a flat movement, the trading robot waits in order not to miss a potentially profitable deal.
The Expert Advisor settings allow selecting standard operation mode or martingale one. The screenshots below display results obtained by using the both modes within 6 years of operation.
Martingale works cautiously increasing the lot volume only in a few steps. If the loss-making series continues, the lot size is reduced to the basic one.
The Expert Advisor can work with all account types and brokers with both 4 and 5 digital places.
Several Expert Advisors can be used on a single account. Simultaneous manual management is also allowed.
It is recommended to use the Expert Advisor with EUR/JPY H1.
Do not increase the lot size too much. It is not recommended to use more than ~5% per deal. For example, 0.01 lots for $200 of a deposit, 0.1 for $2 000 and 0.5 for $10 000. By increasing the lot, you boost your potential profit, but the risk is also increased.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)