Forex Tramp EA
The adviser has been trading on our real accounts since the start of 2010, shows stable profits and – most significantly – doesn’t cause great concern for the security of the deposit.
Platform : MetaTrader 4
Advisor Category : Trend, Soft Martingale
Currency pairs : EU, GU, AU, NU, UJ, EJ, GOLD
Timeframe : any (the results do not depend on the timeframe) I put on H1
Hours : around the clock
Way to enter the market : pending orders
Deposit requirements :
from $ 1000 on dollar accounts with a minimum lot of 0.01
from $ 100 on cent accounts with a minimum lot of 0.1
from $ 10 on cent accounts with a minimum lot of 0.01
The trading strategy of the Forex Tramp adviser belongs to the class of so-called breakdown strategies that generate signals to enter the market when the price crosses the border of the trading range, in the direction of the price movement. Generally speaking, breakout trading is one of the most popular and often used Forex trading strategies. Unfortunately, classic strategies of this sort , developed way back and once showed enviable leads to real Forex trading, not add the fashionable market. Therefore, we had to significantly modify and supplement the prevailing breakdown strategies so as to get an algorithm suitable for successful trading in fully automatic mode.
The main issues that comes during trading are:
How to determine the price range?
What to do with false breakdowns that inevitably occur?
To determine the price range in the Forex Tramp advisor, we used a digital filter. A feature of this approach is that the adviser does not use Meta Trader terminal quotes on any time frames. Advisor filters directly the price coming from the broker in the form of ticks. Therefore, the trading results do not depend on which time frame to attach the adviser to.
At the borders of the calculated trading range, the EA sets pending orders, at the upper border of buy-stop, at the lower border of sell-stop. All trading orders opened by the adviser have stop-loss and take-profit levels. Only one trading order can always be within the market. In case of false breakdowns, the order is closed at stop loss, leading to a loss. In order to catch up on this loss, the EA increases the quantity of subsequent order, i.e. uses martingale. Unlike many trading systems using martingale, in our strategy, increasing the volume of orders, we do not rely on luck. We know that sooner or later the price will go out of the range, and in our strategy it does not matter to us which way the price will break the range. In case of any breakdown, one of the pending orders will work and close at take profit,
How to install the advisor:
Features of putting in the Forex Tramp Expert Advisor .
To work, the adviser needs access to the history of transactions (in order to calculate the loss from false breakdowns). In order to provide him this access, select the “Account History” tab in your Meta Trader 4 terminal, right-click and select the “Entire History” or “Last 3 Months” option . If the option “Last month” is selected in this tab, then at the beginning of a new month the adviser will not be able to track possible losses incurred in the past month, and can not take them under consideration when calculating the quantity of a replacement order.
Before adding the EA to the chart, check for quotes for the pair . To do this, press the house key and scroll back to the chart. If this is not done, then the adviser may not have enough quotes to start working, as a result of which he will for some time issue a message “No quotes” .