⭐⭐⭐⭐⭐ XAUUSD. Timeframe H1
The Expert Advisor is based on classic, time-tested indicators. Also, some strategies use Price Action. Every trade is protected by a stop loss
No martingale, no grid, no high risk strategies. All strategies used here are trend following and reversal.
Compliance with MM = 0.1% for each trade is recommended.
Question:
- Why is testing so slow?
Answer:
- Be patient, 14 very difficult strategies are being practiced. Each has its own stop loss, take profit, trail. Sometimes breakeven is used.
Pending orders are calculated using mathematical formulas.
To speed up testing, you can test short periods of time (for example, 1 year), rather than long periods.
Question:
- Will the EA Bravissimo gives profit on a daily basis?
Answer:
- The EA does not give daily profit. There are two reasons: according to statistics, the EA opens one deal every day. The probability of profit is approximately 48%. The EA statistically guarantees profit once every THIRD day. But even this fact does not guarantee the overall profit in the future!
Question:
- I do not want to delve into the concepts of "spread", "slippage". I just want to turn on the advisor and go to bed. Will I be a profitable trader?
Answer:
- No, you won't.
Gold is a very profitable trading instrument. But it is gold that will ruin your deposit very quickly. The EA Bravissimo XAUUSD was developed taking into account spread = 60 and slippage = 40.
If your broker often indulges in widening the spread over 60 and allowing slippage over 40 - you will lose your deposit every day. Better make yourself a flavored tea and spend the evening looking for a sturdy broker who doesn't mess with big extensions.
After you find such a confident broker, open a Demo account with him for exactly the amount that you will trade in real life. Spend 2 weeks and watch the EA Bravissimo XAUUSD h1 transactions. After that, proceed to trading in real life. But allow the Terminal to trade only the minimum lots in the settings. Working in 0.01 lots on $ 2,000 is considered almost safe. The worst thing that can happen to you is that your deposit will stagnate in one place.
All strategies were created for the period from 2003 to 2018. Further testing was carried out using the Forward test to exclude the possibility of fitting the results.
All brokers are 5 digits and 4 digits.
Before launching this Expert Advisor on your real account, test it on historical data, then run it for a few days on a demo account with the same balance as on your real account. You have to make sure everything is going well.
Advisor settings:
Money Management - Risk Fixed% Of Balance
mmRiskPercent = 0.1;
It is recommended to use no more than 0.1% per trade. Even so, trading will be considered very aggressive.
mmDecimals = 2; Put the number "2" if you work in lots of 0.01 ... 0.09
mmLotsIfNoMM = 0.01;
----------- Exit On Friday -----------
ExitOnFriday = false;
FridayExitTime = "20:40";
Attention:
Be sure to use only free funds in Forex.
Remember: if there was profit in the past, this does not mean that there will be profit in the future!
A brief description of the strategies that are included in the advisor:
1. Price action, BB, trawls
2.Keltner Channels
3. Ichimoku
4. MACD
5. DeMarker, candlestick analysis
I just bought the EA and added it to my Gold Portfolio. The Backtest since 2003 looks very good. The EA also uses 14 different Strategies, wich are independent of each other, so you could say that you are buying 14 EA´s in one. Thats a really nice offer. The author also gives a very quick and friendly support. Let´s see, how it will perform in the future. I will update my review.
Update 1.3.2021 : I am trading with 0.01 lots and activated the EA on 26.2. Two trades so far, both in profit. One 44€ and one 8€ profit, and that with 0,01 lot. So it´s very good so far.