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Editor'S Choice - 2020

Advisor FxMath DailyTrader - multicurrency, trend, safe

Hello dear colleagues forex traders. We present to your attention Forex Advisor FxMath DailyTrader. Its distinctive feature is the work on several pairs along the trend using an interesting algorithm. In this review, we test it on a variety of currency pairs (each pair has its own expert version) and evaluate the results.

Advisor Characteristics

Platform: Metatrader 4
Advisor Version: 1.0
Currency pairs: EURUSD, EURJPY, GBPUSD, USDCAD, USDJPY
Timeframe: D1
Work time: round the clock
Recommended brokers: Forex4You


Installation help

We install the adviser as usual. If this is your first time encountering Forex robots and you have a bunch of questions, download and watch the Forex course on Autopilot.

Attention! In this EA, the settings for each pair and tamframe are the same. Nthe settings for each pair are already registered in the code itself, so just open the necessary pairs on the desired timeframe (D1) and attach the adviser to each chart.


Advisor Strategy

The EA refers to trending robots that trade with increased volatility. Way of trading: entering the trend with large movements after pullbacks. When calculating the signals for opening and closing, classic indicators are used: RSI, CCI, Momentum. A distinctive feature of the adviser is that it opens new orders at exactly 00.00, and closes at 23h 59m by broker time. Therefore, brokers with a significant difference in server time trading results will be different.
The expert does not use loss averaging methods, such as martingale, and is a stable trading robot designed for long-term work. Advisor AdvantagesFxMath DailyTrader It is also worthwhile to include work on the D1 timeframe, that is, control over the work of the adviser can be done at any convenient time.


Advisor Backtests

Backtests are made for each pair separately, as Metatrader 4 platform does not allow multicurrency tests.

EURUSD 2012-2015

 Consider the results for each month:

,

The test results are acceptable.


EURJPY 2012-2015

 Consider the results for each month:



The test results are acceptable.


GBPUSD 2012-2015

Consider the results for each month:

The test results are acceptable.


USDCAD 2012-2015

Consider the results for each month:

 

The test results are acceptable.


USDJPY 2012-2015

 Consider the results for each month:

The test results are acceptable.


Links to backtests used in the article (for self-analysis):

FxMath_DailyTrader_EURUSD_2012_2015

FxMath_DailyTrader_EURJPY_2012_2015

FxMath_DailyTrader_GBPUSD_2012_2015

FxMath DailyTrader USDCAD 2012 2015

FxMath_DailyTrader_USDJPY_2012_2015


Using the EA Analyzer program, we will make a summary statement for all pairs.

Output: Advisor on all 5 pairs show profit growth without serious drawdowns. However, one must be prepared for the fact that for some time the profitability of the adviser may "stagnate".


Description of settings

Robot settings are as follows:

  • _s1 - indicator parameter settings section
  • pRSI1 ... pRSI22 - period parameters for RSI indicators
  • pCCI6 ... pCCI19 - period parameters for CCI indicators
  • pLongConsty_2, pLongConsty_12 - filter parameters for entering a buy position
  • pShortConsty_2, pShortConsty_12 - filter parameters for entering a sell position
  • UseMoneyManagement - automatic lot calculation by calculating it as a percentage of equity. If fixed lot trading is required, then this parameter should be equal to false.
  • Lots - the value of a fixed lot, its adviser uses if UseMoneyManagement is false
  • Lotsotsecals - fragmentation of the minimum lot. If the broker allows the use of minimum lots of 0.01, then LotsDecimals = 2, if the minimum lots are 001, then LotsDecimals = 1
  • Riskiskpercent - the amount of risk relative to equity, its adviser uses if UseMoneyManagement istrue
  • MaximumLots - sets the maximum possible lot. This parameter is made for additional protection against incorrectly set values Lotsor Riskiskpercent
  • _s1 - other settings section
  • MaxSlippage - the maximum allowable slippage at which orders will be placed
  • CustomComment - comment on advisor orders
  • Magic number - magic of orders on this pair. Each pair must have its own Magic Number.
  • EmailNotificationOnTrade - enable or disable notifications to your mail about the actions of the adviser. If you want to receive these notifications, then the parameter must be true To configure notifications, use the information from the article How to Configure Mail Notifications in MT4

Attention! Do not change anything in the parameters of the adviser and use only the recommended values, if you do not exactly understand what you are doing!


Recommended Money Management

A transaction risk of 2 percent is recommended.


Summary

Advisor FxMath DailyTrader is a stable and safe trading robot, the use of which is profitable for a long period. However, in the short term, profitability may for some time be in the neutral zone, one must be prepared for this.


Important !

For the EA to work correctly, the trading terminal must be switched on from the market opening on Sunday evening until it closes on Friday evening. If you are unable to keep the computer operational 24/5, it is recommended to use the VPS server service.


Download Advisor "FxMath DailyTrader"

Watch the video: FxMathPipGeneratorManualSystem (February 2020).

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