IS Red EA is designed to work with XAUUSD (Gold). The EA does not use martingale and other dangerous profit methods. It scalps a small number of pips, while each trade is protected by a small stop, which does not allow the adviser to go into large drawdowns.
Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication. In order not to miss any material, subscribe to our telegram channel https://t.me/Fx_VIP
|Money management||At least 100 currency units|
|Recommended brokers||IC Markets|
|For advisor recommended to use VPS 24/5||Zomro (most affordable Windows server only $ 2.75 per month)|
Testing in the past history was carried out with a minimum balance of $100, the first back test was done with the recommended settings file (it is included in the archive with the adviser) and on the recommended timeframe from the developer, the only thing that was changed was the lot size to 0.01.
We conducted the second back test on the H1 timeframe also with a $100 deposit, but the settings have already been changed at our discretion, you can download this settings file from our telegram channel by clicking on the link https://t.me/FX_VIP/1864 , why we changed the settings and the timeframe, I will tell you below in the post. Well, now you can get acquainted with the results of the back test in more detail.
And so why did we change the settings if the EA already shows excellent results with the recommended parameters, and as you can see, the result is even much better than with the settings we made. The thing is that this adviser really shows incredible results during the back test, and I doubt very much that with such settings it will bring the same profit on real accounts, since the recommended parameters contain very strict trading conditions that require, first of all, a very low spread which is not always true for gold, since the adviser opens positions with a very small stop, to such an extent that for some brokers the transaction will be closed immediately by stop as soon as it opens, due to the high spread, a very fast vps with minimal delays is also needed, all transactions are made very quickly so any slippage will be critical. But even so, this is just my opinion, and everything needs to be checked.
It was for this number of reasons that it was decided to try to set up the adviser for adequate trading conditions, and it seems to me that we succeeded and the result in the tester was also good, but this is just a back test, which in most cases does not reflect real trading by 100%. therefore, do not rely on it, you must first test the adviser on a demo account, but better on a cent account and analyze the trade, only after that it will be possible to make an accurate conclusion whether this adviser is profitable or not. In any case, we share this expert for free and at least you don’t have to spend money on it, so why not check it out for yourself!!!
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!