Forex EA Double London GBPUSD Robot review:
About The Forex EA Double London GBPUSD Robot
This is the eighth Expert Advisor for a large currency portfolio. The Expert Advisor is built on the Keltner Channels, which show not only the direction of the trend, and the possible range of price movement. An important feature of the indicator is giving a signal to close an open position.
Designed for GBPUSD.
Quantity of transactions per month 2-3 (medium-term strategy)
Each trade has a dynamic stop loss.
All dangerous tactics are not applied (grids, martingale, anti-martingale – no)
Very small drawdown.
High Profit Factor.
Work on classic, time-tested indicators (basic indicator – Keltner Channels ).
Resistant to slippage and spread widening.
The Expert Advisor was created for the period from 2010 to 2018.
Further testing was carried out using the Forward test to exclude the possibility of fitting the results.
Please note: the advisor is not independent, it is created for portfolios of advisors and can have a long period of stagnation.
All brokers are 5 digits and 4 digits.
EA Double London (GBPUSD) – passed stability tests:
Passes checks on neighboring timeframes, as well as on similar currencies (EURUSD).
This is done proactively for a changing market. Sometimes GBPUSD starts to behave like EURUSD. Sometimes GBPUSD on the H1 timeframe can accelerate its movements and behave as if we are looking at the M30 timeframe.
Sometimes the price behavior slows down and behaves like an H4.
The tactics were created for portfolio strategies, so the priority of work is not profit, but stability of work. This means that the worst thing that should be is long periods of stagnation, not losses.
Passes Monte Carlo checks.
The EA does not guarantee profit. The EA guarantees small drawdowns and indestructibility.
The initial deposit is possible in the amount of $ 100 when working with a fixed lot = 0.01. But consider this as a game or as a test option for advisors – the so-called mini-real. Forex trading starts at least with a deposit of $ 1000 and much higher
Input parameters (not recommended to change):
KCBarCloseserPeriod = 20;
KCerPeriod = 20;
BarsValid = 28;
ExitAfterBars = 34;
ProfitTarget = 185;
StopLoss = 65;
TrailingStop = 60;
SMMAPeriod = 14;
MagicNumber = 12346 – a unique number of an open deal, automatically assigned by the advisor.
mmLots = 0.01 – fixed order lot
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)