Forex Night Hawk Expert Advisor review:
This multi currency robot was written by me based on many years of experience trading in the Forex currency market. Attempts to get “easy” money threw me from one extreme to another. From one way to trade to another, from another to the next, etc. etc. And finally, I found a very interesting strategy. It’s simple, when there is a sharp change in price, and at the same time there are a couple of conditions that I will not describe, the adviser places pending orders. One order on one chart, and there can be several charts with an adviser. When an order is triggered, in a given period of time, the position begins to be accompanied by Stop Loss. Otherwise, after a specified period of time, the pending order is deleted.
Advantages of the expert are that according to the results of testing, on the history of prices of currency pairs, he shows annual profit over the past 15 years! The amount of profit depends only on market activity. Another very important advantage of the bot is that it cannot bring undefined loss to the user’s account. In the settings, there is a mandatory item for controlling unexpected loss. And naturally, all transactions are accompanied by “Stop Loss”. The user assigns a possible loss to his account himself. The adviser “The real bank robber” has a “drawdown” of no more than 20% of the deposit, mainly up to 10%. (by default, in the settings, the balance of the depot is 70%, this means 30% “drawdown”, I do not recommend changing)
The grid strategy is missing. Martingale and hidden martingale (increasing the number of orders) are not used. An expert can trade with almost any standard broker! Therefore, dear ladies and gentlemen, do not be shy, download the demo version, watch, think, understand, get an adviser for rent. Be sure to put the robot on 5-6 charts with different pairs of currencies, this can increase the possible profit several times!
Given the price of renting a bot, you should calculate the size of the deposit, I recommend from $ 3000. Although you can just try the bot with a deposit of $ 1000. I do not advise copying the signal from this advisor, this will not work out well. There is no and never will be a full sale of the adviser. Rent is still available. Rental prices are carefully calculated taking into account the limitation of the number of employees of “The real bank robber”. Upon reaching a certain number, the bot will be removed from the “market”.
According to the test results, so that the adviser shows a possible profit, a rental period of 3 months or more is recommended. The history of prices shows that during the year a period of 30+ days is possible without receiving any possible profit, with a small loss (drawdown), “drawdown”, at max. risk, only 10-15% !!!
- advisor identification number – advisor identification number for each chart requires its own number
- 0.0 autolot or explicitly stated
- 0, 1, 2, 3, 4 (autolot x 1, 1.25, 1.50, 1.75, 2.0) – increased auto lot and drawdown risk
- maximum spread – maximum spread
- balance in% of the initial balance to stop the robot – balance in% of the initial balance to stop the robot
- Trailing stop
- Stop loss
- hour to start – hour to start work
- hour to complete – hour to complete work
- prefix for tool name – prefix for tool name
- tool name suffix – suffix for tool name
- allow trade – allow trade
- allow text output to the chart – allow text output to the chart
- Logo …
- Doubling lot in drawdown (not martingale) – Lot increase for drawdown period
The timeframe of the charts for 5 minutes.
Any pair with a spread of less than 0.00031pp is suitable for trading. It is desirable ECN account. Settings are optimized for EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, NZDUSD.
It is recommended that you use predefined settings. Be sure to set your “different identification number” for each copy of the robot in the “advisor identification number” setting
(each chart has its own advisor number).
Signal of the adviser to demonstrate the mql5.com/en/signals/ (will be available soon)
– settings for graphic and text display
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)