HeLL Cat Lite
- Experts
- Version: 1.4
- Updated: 12 December 2017
- Activations: 10
The HeLL_Cat Lite Expert Advisor is a powerful trading tool, suitable both for professionals and beginners. Its arsenal includes various strategies - the semi-automatic HeLL_Cat mode, the Safe mode and the News mode.
-
The semi-automatic HeLL_Cat mode uses the adaptive trading strategy based on a neural network consisting of 4 interconnected logical cores.
Unlike the other versions, HeLL_Cat Lite does not open the first order, it only manages the orders opened by user.A distinctive feature of this mode is the strategy of partial overlap and construction of an orders grid with an adaptive lot ratio increase depending on the behavior of the market. The trading activity of the robot in this mode is high, but it can also be controlled directly on the chart using the control buttons. When this mode is selected, it automatically activates the risk control module (setting Stop Loss at the channel boundaries of the price chart of the higher timeframes) and the smart deposit protection module, which looks for the ideal position for closing deals with minimal losses. There are also many functions for customizing the trade, for example: moving the profit to breakeven, partial or full locking and auto-locking of positions.
-
The Safe mode is based on conservative trading with Stop Loss and Take profit set. This mode is suitable for those need a calm and safe trading. The main idea lies in market entries at specific time intervals, adaptive maintenance of orders and the most suitable market exit. All the settings are already built into the EA. Users only need to select the currency pair for the EA to work on from the drop-down list. In total, 8 pairs are suitable for trading. Modification of the lot size is not supported in this version, it is defaulted to the minimum allowed lot size on the account.
-
The News mode works exclusively during the news. It is suitable for those who are used to trade or only start getting acquainted with strong news movements. One convenient feature in this mode worth mentioning is that the robot automatically download the upcoming high-impact news from the Internet and trades them using pending orders. This mode uses Trailing stop and fixed Stop Loss. After the news release is over, the EA automatically deletes the remaining untriggered orders and continues to work in the normal mode, waiting for the next news movement. Modification of the lot size is not supported in this version, it is defaulted to the minimum allowed lot size on the account.
All modes can work both separately and together, without interfering with each other, since they have different trade identifiers. They can also be toggled on and off right from the chart window, even during testing in visual mode. This way you will be able to work out your strategy.
The graphical interface allows adding or hiding the most useful information about the trade, as well as run a price forecast and a convenient control panel in the form of buttons with various useful functions - opening, closing and maintaining trades.
Training of the weight coefficient for the HeLL_Cat mode was performed on the EURUSD M30 currency pair starting from 2009. Although this mode is considered moderately aggressive, it fully shows a stable result in the long run. The training settings for other currency pairs will be published in the comments over time.
Pairs and timeframes
- In the HeLL_Cat mode, with the standard settings: EURUSD, AUDUSD, Timeframe - preferably M30.
- In the Safe mode: EURGBP, EURCHF, USDJPY, GBPUSD, USDCAD, GBPCAD, GBPCHF, USDCHF, Timeframe - M15.
- In the News mode, it is recommended to select currency pairs with low spread: EURUSD, GBPUSD, EURGBP, AUDUSD, USDCAD (crosses are not suitable), Timeframe - any.
Recommended balance and account type
Minimum recommended balance:
- For the HeLL_Cat mode (using the recommended pairs and timeframes with the initial lot of 0.01) is $1000.
- For the Safe mode is $100.
- For the News mode is $100.
Mandatory account requirements: five-digit quotes, and a minimum lot size of 0.01 for the HeLL_Cat mode.
Parameters
The full description of settings and features can be found in the documentation below.
