SCARLET EURUSD The basic strategy is to seek profit by buying dips and selling back in line with the direction of the medium term trend. By combining several types of settlement conditions, we will steadily accumulate profits while suppressing losses. Makes 1 position on one side, does not use martingale, grid and other dangerous trading methods, each transaction is protected by SL and has TP, often the adviser closes the position without waiting for take profit and can also cut losses by prematurely closing positions without waiting for stop loss
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|Developer price||not exactly known FREE for you|
|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)|
Testing on the past history was carried out with a deposit of $ 1000 and set in the settings of the adviser with a lot of 0.1, if your deposit is $ 100, then set the lot size of 0.01, respectively
The EA shows quite good results in back testing, so the EA has earned 40% of the profit from the initial deposit over the past 7 months, while there are unprofitable months, and this no doubt only gives more confidence in this EA that it can make a profit on a real account, that is work in the tester is similar to normal adequate work in reality!
Now more and more fraudulent advisers appear that show incredible profits during back testing when I see this, I immediately have great doubts about these advisers and for good reason, since in most cases when you put such an adviser on a real account, it simply drains the deposit, the fact is that such EAs are a fitting of results that works like this: inside the EA there is a static array of tens of thousands of values that are reference points on historical tests, for example, the RSI value + a suitable open / close value and now you have a great opportunity to enter a sale on history. It doesn’t matter what exactly is used as training data, the important thing is that these huge amounts of information exist and give a wonderful picture in the strategy tester.
This Expert Advisor, which we analyze today, looks like an adequate algorithm without fitting, measured trading focused on one currency pair shows us honest results when tested on the past history, the adviser trades both profitably and does not hide that it brings losses in certain time periods.
Before placing an adviser on a real account, check it and understand how it works on a demo or cent account, if within at least two or three months you realize that it really trades profitably, then bet on a real account.
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!