🔍 From subscriber‼️
🤖 EA name: Forex Warrior
📦 Version: 9.0.3 pro
💻 Platform: MT4
🛠Vendor/Source: Argolab
📈 Strategy: Order grid and Martingale
⏰ Timeframe: H1
🌍 Currency pairs: AUDUSD, EURUSD, USDJPY, EURJPY, GBPUSD
🌓 Trading time: Around the clock
⚠️ Attention: During the trading process, the trading advisor opens many orders and goes into drawdowns, be extremely careful. For correct operation, you need an account with a minimum trading leverage of 1:500.
📊 Monitorings found: https://www.myfxbook.com/members/Forex_Warrior/mt4-2693243/1073263
🔬Monitoring by ea_forexlab: –
⏳ Test period: 2018.01.07 – 2023.08.03
🏛 Tick Data Provider: Ducaskopy (TDSv2)
🧭 GMT: +2; DST: US
Real spread: ✅
Slippage: ❌
In order to download an adviser with tests, go to our telegram channel 👇
Description of the work of a forex advisor
Free Expert Advisor Forex Warrior is a new generation grid Expert Advisor that opens both long and short positions using a carefully thought — out martingale strategy. Open positions are grouped into baskets, which are automatically closed when the target (take profit level) is reached. This forex strategy does not use scalping or short-term trading. The robot works in any market conditions, even during important news. During trading, Forex Warrior analyzes market conditions and adjusts trading volumes and take profit levels in accordance with the direction of the main trend. Trading with the trend function allows the Expert Advisor to maximize its profit and minimize drawdown. Orders are added to the so-called basket by placing pending Buy Limit/Sell Limit orders. The use of pending orders ensures an ideal basket structure and avoids the slippage of trading orders during rapid price movements. All trading orders opened by Forex Warrior are assigned individual stop loss levels, which helps to control risks. Forex Warrior has a large arsenal of security settings that allow you to adjust trading risks according to your personal preferences and protect your accounts in case of market shocks. Advisor’s Strategy: In the process, Forex Warrior opens several orders of different volumes in one direction.
A group of such orders is called a basket. Individual orders in the basket are called levels. If the price moves against the basket, Forex Warrior adds new levels to the basket. All orders in the basket have the same take profit parameter, which changes when a new level is added. When the price reaches the trading target (take profit), all orders in the basket are closed at the same time and a new basket begins to be built.Each new level of the basket of orders, starting from the 3rd level, opens with an increased volume. The order volume is calculated based on the base lot (that is, the lot size of the 1st level) by applying the lot multiplier specified in the settings. With standard settings, Forex Warrior stays on the market 100% of the time and profits from zigzag price movements. It is designed to work simultaneously in both directions, which allows you to double profits on the flat market and achieve a hedging effect when the market is trending. If your broker prohibits hedging, allowing only to buy or sell currency at a given time, you can force Forex Warrior to work in only one direction (by setting the flags Flag_Stop_Buy / Flag_Stop_Sell TRUE, see the description of the Forex Warrior settings). In this case, it is recommended to use two copies of Forex Warrior, working in two different directions on two different accounts. For users who prefer more conservative trading strategies, the EA has the ability to open a new basket of orders only in the direction of the global trend (for this, the OpenOnlyOnTrend flag must be set to TRUE, see the description of the Forex Warrior settings) When trading simultaneously in both directions, Free Expert Advisor Forex Warrior analyzes market conditions.
When a trend is detected in the market, the Expert Advisor increases the volume of transactions in the direction of the global trend and adjusts the TakeProfit level. Forex Warrior has a large range of functions that allow you to adjust risks according to your personal preferences and to protect your account. First of all, it is undesirable to use Forex Warrior without setting the maximum deposit drawdown limit. The MaxDD and MaxDDPerCent variables allow you to specify the maximum allowable drawdown in units of the base currency or in % of the deposit. This method allows you to choose a part of the funds that you will allow to risk in your trading. Forex Warrior is able to calculate the remaining amount of available funds before placing a new order in the basket. If there are not enough funds to open a new order and the subsequent price move against the basket by another step, the adviser will not open new orders in this basket. This function is turned on/off when the CheckEquity flag is set, all orders in the basket have individual stop loss levels. If it continues to move against the basket for a long time, the first basket orders will be automatically closed at the stop loss level in order of priority. The Forex Warrior Expert Advisor also has the ability to set a group stop loss level for the entire basket. This option is enabled by the BasketStopLoss variable. This variable sets the stop loss of the oldest allowed basket order (specified by the MaxGridLevel variable). This option closes the entire basket of orders if the price reaches the specified level. This is another way to control the maximum drawdown when trading.
Let’s go through the characteristics of the Forex Warrior robot.
– This is a complex setter.
– Works with a single schedule.
– It has a special algorithm for forming a basket with a minimum load.
– The ADVISER trades both with market and pending orders, is constantly in transactions.
– Dynamically changes the basket of transactions depending on the direction of the trend and its availability.
– Sets the volume of each subsequent transaction based on the factors of deposit loading and the number of orders already opened, drawdown, floating profit, the size of your capital, and so on.
Conclusions on the trading advisor
Free Expert Advisor Forex Warrior left a good impression. Despite the fact that the robot is not new and also belongs to the class of networkers, it was able to last more than a year in the strategy tester without losing money and provided a profit. The drawdown is high, but this is a typical situation for any netter.
So you can try working with an advisor on a cent account. Sooner or later he will lose the deposit, but due to his good survival rate, by that time the trader will have time to withdraw both the starting deposit and part of the profit.