PROJECT VOLAS - VERSION 3 RELEASE NOTES

23 January 2017, 16:04
Chock Hwee Ng
0
81

Version 3 has been approved and published on 23 Jan 2017.

It is now available in the MQL Market for your update (Project Volas Product Link).

Version 3 Back Test Video is also available for your viewing via this link.

There are major enhancements in Version 3 which includes a hybrid form of Pyramiding algorithm, so please update your copy to Version 3 immediately.

Please refer to the "OVERVIEW" section in the product page to see the updated parameters list and each parameter description for Version 3.

Version 3 includes the following features and changes:

  • Project Volas algorithm has been significantly enhanced and evolved to incorporate a hybrid form of "Pyramiding" algorithm
  • With this newly enhanced and powerful algorithm, the previous algorithm drop down selection menu is no longer required and has been removed
  • Added option to enable/disable AlwaysUpLotSizing. Enabling it means that lot size will always increase with your balance but will never decrease when your balance reduces
  • Added option to enable/disable Balance Protection safety feature
  • Added option to enable/disable Delayed Monday Start safety feature
  • Added option to enable/disable Early Friday Close safety feature

Important Notes for Version 3:

  • This new Volas Algorithm will require at least USD$100 deposit (or balance) to run. A more conservative deposit (or balance) would be USD$200
  • If you're running multiple EAs on the same account, please ensure you've enough reserved balance amount as recommended above
  • As Version 3 is integrated with "Pyramiding" algorithm, it is important to use a broker with at least 400:1 leverage
  • ECN broker with low spread/commission is a must for this EA in order for it to be profitable
  • Use of spread filter is at your own discretion. For conservative trading I would recommend to use it
  • Please run your own back tests on your broker to have a good understanding of the behavior of Version 3 algorithm
  • As a conservative approach, I would recommend first putting the EA on a demo account on your broker to see how it behaves in your broker's environment
  • If you're going live, start with a small fixed lot size of 0.01 and disable auto lot sizing until you're comfortable with the EA performance
  • I would like to reiterate that there can be several days that the EA might not trade at all due to no trade opportunities
  • Do expect losses from time to time as this EA is not a martingale/grid EA, and hence losses are normal, inevitable and expected
  • This is a long term EA and there might be months of losses and stagnations as seen in the back tests, hence you really need a lot of patience with this EA
  • Last but not least, this is not a "get rich quick" EA, hence do set your expectation when using it

Safe Trading...

Regards,

Dave



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