Grand Master Advisor - a win-win option for those who are in no hurry
Hello, dear Forex traders.
As you know, a serious trader to create a balanced portfolio of advisers, in addition to high-risk overclocking martingales, intellectually advanced trending robots, accurate scalpers who “bite off” small pieces from increased volatility, also need advisers that provide a small but stable income with minimal risks. About the adviser, which is intended to be used as a stable break-even component in the portfolio of strategies, we will describe in this article.
We present to your attention Forex Advisor Grand master from our forum member GreenDragon, created by the same strategy. A distinctive feature of this advisor is breakeven trading (under certain restrictions, of course). Advisor is designed to open positions after preliminary technical analysis. Nevertheless, on monitoring, the adviser, once launched and trading even without taking into account technical analysis, has been working for almost three years in profit (!). In this review, we will analyze this advisor and analyze its settings and features.
Platform: Metatrader 4
Advisor Version: 1.1
Currency pairs: according to the AUDUSD + EURAUD strategy (but it is possible to bet on other pairs)
Work time: round the clock
Recommended brokers: Forex4You, RoboForex, Exness
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 advisor, the settings significantly affect the trading results; use the recommended set-files (see the archive at the end of this article).
The EA is designed to open positions on inversely correlating pairs in the direction of a positive swap: for example, according to the original strategy, the pair AUDUSD should only buyand a couple EURAUD only sell. These positions must be done after technicalizing the charts of the aforementioned pairs and determining the most favorable entry point in the direction corresponding to the strategy. Transactions open with a small take profit (20 points), without stop loss. If the deal closes profitably, we open a new order. In the case when the currency pair is not going in the “right” direction, the adviser builds a network of orders with a fixed step and a limited number of orders for each pair - these parameters are set in accordance with historically sound values of recoilless movement on AUDUSD (EURAUD) pairs. It is also possible to use other cross-correlating pairs and trade them exclusively in the direction of a positive swap.
Thus, the adviser is an original range grid and carry trade in one bottle.
P.S. A more detailed description of the system is in the Grand Master Strategy Review
Attention! Advisor Grand Master uses an averaging strategy through a grid of orders. Strict observance of money management is necessary!
Advisor work example Grand master:
Backtests are made for each pair separately, as MetaTrader 4 platform does not allow multicurrency tests.
Tests were conducted without prior use of technical analysis.
In a pair test AUDUSD only purchases are allowed, in pairs EURAUD only sales are allowed. The settings file (preset) from the adviser developer was used.
Tests are made using the Tick Data Suite program on quotes from Dukascopy, the spread is a real variable.
Grand Master 2014-2016 AUDUSD 5000 0.01
At the end of the chart we see a loss, because the tester closed the “hanging” positions that have not yet reached profit
Grand Master 2014-2016 EURAUD 5000 0.01
Test results are good, consistent with strategy
Output: Advisor Grand master when working on pairs, AUDUSD + EURAUD shows profit in the long run.
Real Account Monitoring
The monitoring uses AUDUSD and EURAUD pairs
Although the poses hang for a very long time, the adviser brings stable 1-1.5% per month (in currency!) For 3 years already.
Description of settings
The settings are as follows:
- UsedSymbol - name of the pair being traded (exactly as it is called in the “Market Watch” in MetaTrader4);
- Direction - direction of trade, buy or sell;
- Magicnumber - magic;
- TakeProfit - take profit;
- Stoploss - stop loss;
- Distance - distance between orders;
- Slippage - slippage;
- MaxOpenOrders - maximum number of open orders;
- double lot - lot size.
Attention! The EA in the current implementation has a peculiarity: it can sometimes (every 3-4 months) “forget” to set take profit, therefore it is recommended to periodically look at open positions and, if there is no take profit, set it manually.
Recommended Money Management
Lot 0.01 is recommended for 5000 units of deposit.
For clarity, see the table below.
|Account type||Minimum lot and lot step||Min starting deposit||Brokers Examples|
|Cent (with mini lots)||0.01||$ 50 (5,000 cents)||Forex4you|
|Pro accounts||0.01||$5000||The classic type of account with most brokers|
Advisor Grand master is a stable trading robot of the range type, which is profitable for a sufficiently long period. With proper money management and the use of technical analysis, the risk of losses is minimal and can only work with global economic shocks. But in the short term, the adviser may be in drawdown, which is a consequence of his strategy. It should also be borne in mind that Advisor needs preliminary technical analysis to determine the quality entry points..
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 "Grand master»