Forex Expert Advisor PROSPECTOR for Meta Trader5

Expected return, growth of balance in a year with reinvestment of the received profit.

Expected return, monthly account balance increase.

Trading instruments, currency pairs used for trading in the presented strategy.

Few trading options exist for the potential losses limitation.

StopLoss - closure of loss making position by predetermined level in percents from the deposit, or in points range. This option is considered the most safe in trading.

Hedging - partial of full overlap of loss making position on account of profits gained with closed positions, in any direction and any traded instrument.

Averaging/breakeven - additional averaging position opening, in the same direction as loss making position. Following closure of all positions taking part in averaging, in total profit. This method is considered one of the most risk involving, with constant growing load of the deposit, in case if the trend is moving against the opened positions.

Martingale - averaging positions opening with exponential lot volume increase, in relation to previous loss position opened in the same direction. This method is considered the most risk involving, but at the same time, one of the most effective as well, if there is no long term trends on the market, such periods known as "flat market". We don't recommend to disregard the risk management recommendations, not to exceed the coefficient to more than 1.5 - 2.

Lock - market position opening on set range in points or in percents from the deposit amount. Lock position is opened in opposite direction from the loss making position, with the same volume, or with the same lot exponent. Volume of the lock position depends of the algorithm of trading strategy, and a purpose of the lock position in this strategy. Lock position can be used to prevent the deposit from drawdowns with trend reversals with following withdrawal in profit.

Trading account type - Brokers are offering different account types with different trading conditions. One of them is difference in provided market price feed.

Standard - 4 digits past comma, in format of 1,1234.

Extended - 5 digits past comma, in format of 1,12345.

When determining the range of price movement in points, in analytics, projections and discussions, four digits after comma is taken into account.

Example : price went from 1,20002 to 1,30007, it means that the price change for 100 points(one figure). If to say that the price is in this case went for 1005 points, it will be wrong. As the fifth digit is not a whole point, but one tenth of a point.

The minimum amount of security for safe trade with a minimum position volume of 0.01 lot for each instrument used in the trade.

Trading account type - Brokers are offering different account types with different trading conditions. One of them is difference in provided market price feed.

MetaTrader 4 / 5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools, as well as enabling the use of automated trading systems (trading robots) and copy trading. MetaTrader 4 / 5 is an all-in-one platform for trading Forex, Stocks and Futures.