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[Vlad RF]

Avalanche Of Profit: Testing the Expert Advisor

Author: Dmitriy Gurkovskiy

Dear Traders,​

Today, we will discuss an expert advisor for scalping: it works on H1 but makes a large number of trades. The Avalanche expert advisor is a high-frequency trading robot aiming at numerous trades even on large timeframes. The number of trades may amount to hundreds a day and thousands a month.

The working principle of the Avalanche EA

The trading algorithm of the robot is simple. For finding entry points, it uses 2 standard indicators: the Bollinger Bands and Relative Strength Index (RSI). The first one is a range indicator, hence, it may be used as a trend indicator for defining the general market direction. The second one is an oscillator, a special type of indicator which traders most often use for finding entry points. To put it simply, the expert advisor needs two signals from the indicators given simultaneously to open a position in a chosen point.

Unfortunately, I failed to find out how the expert advisor uses the indicators and what signals exactly it chooses. This is because the code of the robot wrote by the author is encoded and the working algorithm has a completely different style. All the sorts of the initial code I have managed to find are downloadable at the end of this article.

Only basic currency pairs suit for this robot: EUR/USD and GBP/USD; you may try it with other pair as the trading strategy of the robot is rather universal, however, it has been optimized for the named pairs.

The timeframe recommended by the developers is H1 as the strategy was designed for it. Frankly speaking, the timeframe is not that important: the Avalanche gives the same results on H1 and M5.

The expert advisor can both work with a fixed and dynamic lot (the latter increases proportionally alongside the deposit). The developers assure us that the expert advisor does not need optimization; judging by its parameters, I would say it is true.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex changes the MetaTrader 5 trading server structure

Dear Clients and Partners,​

We’re informing you that in order to improve trading conditions and expand the range of offered account types, the RoboForex server infrastructure will change starting from June 13th, 2020.

Changes in the server structure

Starting from June 13th, 2020, MT5-based accounts will be available on on the following servers:

Account type	Server	DNS
Pro-Standard Pro-Cent Demo Pro	RoboForex-Pro (earlier RoboForex-MetaTrader5)	mt5-dc1.roboforex.com
ECN Demo	RoboForex-ECN	mt5ecn-dc1.roboforex.com

Please note

• “ECN” and “Demo” accounts will be relocated to a new server and won’t be available when connecting to them using the previous address.
• To continue using MT5 and/or its mobile version after the changes have entered into force, add your trading account to the terminal once again. Read the instructions>
• Fee-based trading robots may be bound to the trading server name (contact a developer for clarification). To continue using them, you may require an updated version of the software bound to a new server name.

Changes in instrument tickers

Starting from June 13th, 2020:

• Positions of Pro-Standard, Pro-Cent, and Demo Pro accounts in the instruments with the postfix “.m” will be available in the instruments without postfixes. These changes may require you to modify your trading robot settings.
• All hedging instruments will be switched to the “Close only” mode. Positions in the instruments with postfixes “m1”-“m3”will not be replaced by positions in the instruments without postfixes.

Upgrade operations period

Operations to upgrade the server infrastructure will be conducted on Saturday, June 13th, 2020. We kindly ask you bear in mind that using MT5-based accounts (performing balance or trading operations, opening new accounts) won’t be available starting from 12 AM June 13th and until the end of upgrade operations.

Updated links to trading terminals will be available after technical operations are over.

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex adds WeChat Pay to the list of depositing methods

Dear Clients and Partners,​

For the convenience of our clients from China, we’ve added a new payment system, “WeChat Pay”, to the list of depositing methods available at RoboForex.

Depositing via WeChat Pay:

• Currency – CNY.
• Funds are deposited instantly.
• RoboForex compensates commission for depositing funds.
• Deposit from 60 to 65,000 CNY per one transaction.

WeChat Pay is a popular payment system of Tencent, the company that owns China’s most widely-used messenger called WeChat. The system supports two ways of payment: using the virtual WeChat Wallet and the bank card added to WeChat.

Deposit funds to your trading account quickly and without additional fees – we compensate commission for depositing funds!

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

This week RoboForex Company, contests project ContestFx is waiting for you to participate in the following competitions:

The 111th competition is running at "full speed" in June "Demo Forex".
Today started the 263rd competition "Week with CFD".
17.06.2020 starts at 12:00 - 396th competition "Trade Day".
18.06.2020 starts at 20:00 - 313th competition "KingSize MT5".

Let us remind you that all contestants will receive prizes in the real trading accounts by winning in our demo contests. Which provides the opportunity to the winners to start full-fledged trading on the Forex market without investing their savings.

Do not miss your chance!

Sincerely,
RoboForex Contest

 

[Vlad RF]

Top-7 Trading Strategies on Forex in 2020

Author: Andrey Goilov

Dear Traders,​

In RoboForex blog, we have discussed a whole range of forex strategies — from the simplest to the most intricate ones, from those suitable for beginners to those meant for experts, those with and without indicators. Today, I will try to enumerate top-7 trading strategies of 2020, which will be especially useful for you if you have not tried some of them yet.

Always keep in mind that however beautiful a strategy may seem, never rush at using it on real money. Start with a demo account where you can painlessly master the strategy, detecting its strong and weak sides. Only after you reach good results try trading on a real account.

1. The Fishing trading strategy

The Fishing strategy is meant for D1, however, you may try it on timeframes no smaller than H1. The trading strategy uses special indicators that you may download from the detailed description of Fishing.

The Fishing trading strategy​

The trading strategy gives two main signals for opening a position: a breakaway of the trendline drawn by the indicators and breakaways of the special sales and buy levels. In short, the whole work of Fishing is based on the indicators built in the strategy.

An obvious advantage f the method is trading on D1: you do not need to spend all of your time at the trading terminal; another advantage is that you trade the trend. The drawbacks are the lack of back-testing because the indicator draws the lines for the current moment only.

2. Woodies CCI trading strategy

The Woodies CCI trading strategy is based on an indicator with the same name — Woodies CCI. It will suit those who prefer analyzing the price chart themselves. The author offers various ways of trading by the indicator: using breakaways of trendlines, graphic levels, bounces off the zero line.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[Vlad RF]

RoboForex receives “Best Global Mobile Trading App 2020” award

Dear Clients and Partners,​

On June 5th, 2020, “Global Forex Awards - B2B” announced its winners and RoboForex pulled off a win in the nomination of “Best Global Mobile Trading App 2020”.

We know how important the opportunity to trade from anywhere at any time is for our clients, that’s why our Team put a lot of energy so that you could trade through the RoboForex mobile application with more comfort and ease.

This another achievement of the Company confirms that we’re on the right track and motivates us to continue active development of our services in our clients’ interests. Thank you to everyone who voted for us!

Download RoboForex app

Sincerely,
RoboForex team

 

[Shing1985]

What spread they offer for mini account?

 

[Vlad RF]

Boosting Your Deposit with Bunny: Testing the Expert Advisor

Author: Dmitriy Gurkovskiy

Dear Traders,​

Today, we will get acquainted with a trading robot which is meant for small starter deposits but trades much faster and with a higher risk than, say, Piplaser. The Bunny expert advisor is a scalper trading flats; it uses the same technique of averaging as the Martingale method.

Trading algorithm of the Bunny expert advisor

The trading algorithm of this robot is meant for trading flats; many state that most of the time the market is moving in a trend. However, there is an opinion that trends take only 30% of the market time, while the remaining time is dominated by flats. By this theory, flats last roughly 2 times longer than trends. Even though many traders are sure that we should make money on trends (and so am I), but some try to prove the contrary. The Bunny expert advisor is one of their examples.

Apart from being a scalping robot, the Bunny is also promoted as an expert advisor for small deposits; I have already discussed some of such robots in the blog. However, there is one point: the Bunny uses 2 risky techniques – the averaging of open positions and Martingale. The latter technique is used for averaging and consists of doubling the lot each time the trader opens a new position to average the already opened one.

You may, of course, switch off Martingale in the settings of the robot; however, averaging is a part of the trading system meant for protecting form a movement. I do not know whether the Bunny EA uses any indicators; however, judging by the results of back-testing, it trades differently: sometimes it opens trades by the trend while in other cases it opens trades strictly counter it and, naturally, averages.

After the expert advisor opens its positions, the market not necessarily proceeds in their direction, so it has to average frequently. Regardless of being meant for trading flats, the Bunny advisor keeps trading 24 hours a day, never “caring” about the price being in a trend or a flat. It seems like the robot does not even try to distinguish between them, opening trades for some other reasons.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team

 

[RoboForex Contest]

Dear traders!

The project ContestFx traditionally invites everyone this week, to demonstrate their trading skills in our competitive competitions:

In June, the 111th competition crossed it's "equator" "Demo Forex".
Just started, the competition 264th "Week with CFD".
24.06.2020 starts at 12:00 - 397th "Trade Day".
25.06.2020 starts at 20:00 - 314th "KingSize MT5".

To participate in any desired competitions, it's quite enough to go through a simple registration process only one time and after that, you can connect to your favourite competition in just a couple of clicks.

Good luck!

Sincerely,
RoboForex Contest

 

[Vlad RF]

How to Set Up and Use the Accumulation/Distribution Indicator?

Author: Maks Artemov

Dear Traders,​

Today, I will get you acquainted with the Accumulation/Distribution (A/D) indicator. By the author’s idea, it must define and compare the buy and sell volumes of the asset. Such a comparison may help the trader to find the entry point to the market. For example, if buys prevail, the asset is likely to go on growing.

Let us have a look at the settings and ways to use the indicator.

Location and appearance of the Accumulation/Distribution

The A/D indicator is included by default in most trading terminals, both the mobile and desktop versions. It is not extremely popular among traders, however, it is as worth as others.

If you spend some time studying its principles of work, you may use it as a filter for ready trading strategies or along with other indicators. It might be used on its own, however, defining the signals may be difficult.

In MT4, A/D can be found in Indicators – Volumes.

Accumulation/Distribution - MT4​

This indicator opens in a separate window and looks like a curved line that almost all the time mimics the movements of the price chart. In the settings, you may change the color and width of the line. These are the only settings of the indicator.

Read more at R Blog - RoboForex

Sincerely,
RoboForex team