Trading robot Magelan Chronovisor v.10.3 for Meta Trader 4 and Meta Trader 5 (release 12/09/2021)
"Experience the power of automation with our forex robot. Our expert advisors use the latest technology to analyze the market and execute trades in real-time, so you can enjoy consistent profits without having to spend hours analyzing charts and market trends."
See the results of testing and checking the profitability of the strategy here...
This advisor is one of the best software that is created by our company and is constantly improved. Results of trade and tests speak for themselves! Magelan is a profitable and risk-less advisor for forex trading. First version of this advisor was released in 2010. In Spring 2018, new 8th generation was released. From February 2019 a new generation 10.0 is available for all builds of the Meta Trader 4 and Meta Trader 5 trading terminals.
Main advantage of Magelan v.10.0 Chronovisor, as in previous versions, is a possibility for maximal profit fixing of opened position taking into account current and projected trend movement of currency pair. Difference in 8th advisor version is that new modules of targeted profit and loss hedging were added, as they proven themselves in HEDGE GATE advisor. Most advisors are fixing the profits on pre-determined fixed take-profit. Which in most cases gives an opportunity to take only partial profit of current currency pair movement, or make losses on quote reversals without touching the line of take-profit. In Magelan v.10.0 Chronovisor system of algorithms is used, that calculates market activity for precise market entry and to exit the market when reversal, correction or lowered market activity towards the profit of opened position signals are present. If after closing the position in profit, after pause or small corrections, currency pair still continued its movement and there are sure signals for trend continuation, Magelan v.8.10 Chronovisor will enter the market again and will continue to trade by trend.
Also, version 10.0 has a new and unique filter added, that excludes false market entries against the trend. This filter compares open and close prices of the day, week and month, forming the so called triangle sides for each period. When figures are formed, advisor filters most of the false entries or entries which can lead to profit expectations not inside the trading day with the position being transferred to the next days. Those who like constant market entries and scalping strategies, can disable this filter. But the position will be opened only when signal of the formed triangle will be confirmed by the module of formed candle figures analysis, including ended "pin bars", chosen and filtered by our "catalog of profit pin bars".
In 10.0 version we've added a filter that limits trade opening against the trend, when quote movements passed all calculations and filters, but is located beyond specified levels of support and resistance, where a profit guarantee is decreasing.This filter is not enabled with all trading settings provided for this advisor. As not all instruments are in need of this filter and allow to gain substantial profits without using the support and resistance levels.
Detailed description and monitoring of trading on the site soft4forex.com
Test results - https://soft4forex.com/forex-strategy-tester/tags/...
Expected return, growth of balance in a year with reinvestment of the received profit.
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.
- Averaging / in-out without loss
- StopLoss in points
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.
- Extended - 5 decimal places (1,12345).
- Standard - 4 decimal places (1.1234).
The minimum amount of security for safe trade with a minimum position volume of 0.01 lot for each instrument used in the trade.
Beginning of Magelan v.1.0 sales.