Monopoly EA uses a proprietary, multi-component algorithm for fast market data processing in real time to open short-term trades on dynamic instruments with a small spread. The advisor’s strategy is based on price action, trades are opened with minimal waiting time for a decision, which makes scalping more efficient.

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. Also, please note that the name of the adviser has been changed, you can find the original name of the adviser in our telegram channel https://t.me/FX_VIP/2503

Backtesting:

The testing was carried out on a pair of UsdJpy with default settings, since the author recommends using default parameters for this tool, more detailed results can be seen below.

Settings:

Description of parameters:

• Use_LOGO – use logo on the graphic
• Use_Time – use trading time frames
• StartTrade – trading start time (in hours, server time)
• EndTrade – trading end time (in hours, server time)
• StartTradeMonday – start time of work on Monday (in hours, server time)
• EndTradeFriday – end time of work on Friday (in hours, server time)
• Signal – signal to enter the market
• Accumulation –   regulator of mathematical analysis of expert signals for entering the market (if the value is 0, the algorithm is not used)
• Signal_Factor – regulator of formation of signals for entering the market
• Signal_Factor_Period – the period of the regulator for generating signals for entering the market
• Adapting – the level of adaptation of the expert to changes in trading conditions
• Use_All_Signal – enable intensive trading mode
• Use_PendingOrder – enable the mode of using pending orders
• Use_PendingTrailing – enable trailing mode for pending orders
• PendingOpen – distance for placing a pending order
• PendingTrailingStep – pending order trailing step
• StopLoss – fixed loss level
• StopLossCorrector – the value of the automatic stop loss adjustment regulator relative to the current volatility (if the value is 0, it is disabled)
• TakeProfit – fixed profit level
• TrailingStart – trailing start level
• TrailingStop – trailing distance
• TrailingStep – trailing step
• FixedLot – lot size when MM is disabled
• Use_AutoMM – enable automatic calculation of traded lots
• AutoMM – AutoMM calculation percentage
• Max_Spread – maximum allowed spread size
• Slippage – maximum slippage in points
• Magic – an identifier for collaboration with other experts
• Open_Comment – comment on transactions

Conclusion:

Backtesting looks impressive, but something tells me that there will not be such cosmic profits, but perhaps if it brings at least some profit, it will already be good, but all this has yet to be verified, since there is no monitoring of real trading, and backtesting, as we know, is just backtesting and you should not rely on it too much, it often shows different results with real trading, especially if it is scalping trading with quick deals and a small number of taken profit pips, exactly as in the case of trading with this adviser. Therefore, I recommend first checking the trading of this expert on a demo account, better on a cent account, then compare the results with the backtest and generally evaluate the trade, after that you can draw appropriate conclusions and think about its further use. On the market, the adviser is sold for a lot of money, or rather for $ 10,000, you do not need to buy it, just download the free unlocked version below the links and you can use it on any account without restrictions, good luck trading!

Functionality tested, in build 1440 working.

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!

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