Forex Armor EA trades on the H4 timeframe, deals are not often opened, on average it is about 10 orders per month, if the deal goes in the opposite direction, it opens an additional order averaging the position while the martingale is not used and the grid of orders in the maximum case consists of only 5 deals, it is also worth noting that the orders are on the market for a short time, generally close within 1-3 days.
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|Money management||At least 100 currency units|
|Recommended brokers||IC Markets , ALPARI|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
The standard settings of the adviser are designed for a minimum deposit of $1000, since not everyone can afford such an amount for trading, we have slightly changed the settings and now the adviser can be used with a deposit of $100, the set file with these settings is in the archive with the adviser, and the test results on history you can see below
Quite an interesting Expert Advisor that shows good results when testing it on the past history, how it will behave in live trading remains to be seen.
Some facts that I managed to find out about the adviser, it used to trade and monitoring was available on Myfxbook, trading was carried out from the beginning of 2017 to 2019, in January 2019 the work of the adviser was suspended, at least there are no later data in the monitoring, for 2 years of trading adviser earned 13859%, initial deposit was $1000 and two years later it turned into $139 597 just a great result!!! By the way, it is worth noting that the adviser traded not only on EurUsd but also on the GbpJpy, but most likely the settings were optimized for each pair, since I tested it on the GbpJpy and it shows a bad result, maybe you should sit a little and try to optimize the settings for others currency pairs and will achieve a good result.
As a result, this adviser simply disappeared, monitoring was stopped in 2019, the site on which the adviser was sold was also blocked and the domain name of this site is now for sale. I don’t know what happened and I can only guess, maybe the adviser started trading badly and was turned off, or maybe there were some more sad incidents, I don’t know. But I know one thing for sure, that the markets are cyclical and if it was a really profitable adviser that could make a profit from 2017 to 2019 and suppose he started to drain the deposit, now it has been 3 years since 2019 when the adviser disappeared and perhaps, as is often the case with advisers now it will start making money again. But these are just guesses, until we test it in live trading, you can’t be sure of it, I recommend testing it first on a demo account or better on a cent.
Happy trading everyone!!!
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!