Today I will briefly tell you about the strategy of the Prop Master Expert Advisor. The basis of the strategy is very simple and popular among traders, and this strategy has been used in trading since the beginning of the 20th century. The price range breakout strategy is the basis of the Prop Master Expert Advisor.
For understanding, let's analyze the simplest situation as an example. At the beginning of the day we look for the maximum and minimum value of the previous day on the chart and place pending orders BuyStop and SellStop at these values.
This strategy is the basis of the Prop Master Expert Advisor, but it is not applied in its pure form. Testing results have shown that additional filters and other time ranges are required to show good results on history and trading on a real account. Besides, the EA trades on several price ranges at once to increase profitability.
To increase the profitability rate, the Prop Master Expert Advisor includes several filters:
- ATR filter allows you not to enter the market at times when the market has already lost its strength
- fractal filter allows you to remove levels that are not important
- time and days of the week filter allows to exclude from trading periods of time and days of the week, when levels are not broken
Thanks to the complex approach to trading, the Prop Master Expert Advisor can brag of stable income on the history and in real trading.
Download and see the results of testing of the Prop Master Expert Advisor using Tick Data Manager (tick quotes).
Or download the test version of the Prop Master Expert Advisor and run the tests in your trading terminal to make sure that the backtests are reliable.
IMPORTANT!!! Before testing, read the article: How to test the Prop Master Expert Advisor correctly
