As the name says, this is an autotrading robot. It trades on H1 timeframe. It looks for clear trades, and is very accurate, yet still will take a couple of trades per week. Otherwise losses are minimised through a 130 pip StopLoss. AutoTrader gives the user the ability to choose whether to keep trading volumes the same or change in direct proportion to the change in the account equity. The EA has been backtested only on the EURUSD pair over a 10-year period from 7 January 2008 to 29 December 2017. The results are remarkable. See the plots.
Example 1. Start: $100, Period: 30 May 2016 – 29 Dec 2017, RL=5, Maximal DD=32.84%, Relative DD=35.86%, Profit= $995.74
Example 2. Start: $100, Period: 7 Jan 2008 – 29 Dec 2017, RL=5, Maximal DD=31.42%, Relative DD=66.25%, Profit= $101 679.28
Example 3. Start: $320, Period: 30 May 2016 – 29 Dec 2017, RL=5, Maximal DD=31.66%, Relative DD=32.71%, Profit= $1 003.09
Example 4. Start: $320, Period: 7 Jan 2008 – 29 Dec 2017, RL=4, Maximal DD=26.65%, Relative DD=93.91%, Profit= $3 121 936.30
Examples 5. Start: $100, Period: 30 May 2016 – 29 Dec 2017, RL=5, Maximal DD=15.19%, Relative DD=27.49%, Profit= $336.35
Example 6. Start: $1280, Period: 7 Jan 2008 – 29 Dec 2017, RL=3, Maximal DD=82.92%, Relative DD=94.63%, Profit= $2 957 196.65
Examples 5 and 6 are for cases where Additional=false, while Additional=true for all the examples. Additional refers to an additional trade for every trade taken.
Additional=false, StopLoss=130, PocketPips=150, TS=66, RiskLowestLevel=7, RL=7, FixedLot=false, FixedLotSize=0
The above parameter values were used in the illustrations provided, which are the values used in the backtesting and are the values recommended to be used by the trader. However, the trader is welcome to vary the values as desired to determine a better robot for the chosen traded instrument.
PocketPips is takeprofit and TS is trailstop. RiskLowestLevel and RL are doubles between 0 and 7, 0 being the most risky, i.e. will give you biggest lot sizes, and 7 being the least risky. RiskLowestLevel is used to determine the minimum purse (account size) to start trading with, whereas RL specifies the actual risk level to be used. RiskLowestLevel>=RL. If RiskLowestLevel=RL=7 is used, then the trader will always trade at the lowest lot sizes determined by RL, except when the purse is lower than the recommended purse (calculated using RiskLowestLevel). All lot sizes are limited between 0.01 and 1000. If FixedLot is true, then FixedLotSize must have a value>0.