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ProTrader – Forex Expert Advisor

The Expert Advisor uses technical analysis patterns. VSP is required for flawless operation, the recommended minimum deposit is 1000 units of the base currency. The EA is to be used on timeframe M5-H1 on highly liquid currency pairs with a small spread/commission (for example, EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD, EURJPY, EURGBP and EURCHF). The EA can be used with any trading strategy, both manual or automatic (Expert Advisors) if MagicNumber = -1.

ProTrader is not merely a forex adviser in the traditional sense. It is a powerful investment utility. The ProTrader external features are similar to those of other adviser's. In particular it is an installable application. An installable dll library goes with the software, it is also required to install and set up. Forex adviser ProTrader is suitable both to experienced investors and beginning traders. The software allows implementing a wide range of investment tools of a professional trader.

The adviser is highly informative, significantly outmatching the trading terminal itself for which it is applied. Besides, ProTrader lets execute instant transactions. The adviser allows a trader to free additional working space in the trading terminal for technical analysis, thus making the trading chart displayable to the whole screen. This eliminates the need for necessity to use the terminal window with transactions and trading orders.

ProTrader allows a trader to reverse the trading positions. Besides it has Breakeven function which converts the transaction to breakeven and protects the transactions from losses. Close all feature can close immediately all the transactions opened in the trading terminal if there is urgent necessity.

The EA works with the following tech analysis patterns:

  • Head and shoulders
  • Inverted head and shoulders
  • Double top
  • Double bottom
  • Triple top
  • Triple bottom
  • Triangle
  • Rectangle
  • Flag
  • Pennant
  • Wedge

Features

  • Has a predictive algorithm based on price models, stop-loss and take-profit levels;
  • Provides adjustable functions of pyramiding, hedging and grid of orders.
  • Position tracking can be one of three types: single closing, unidirectional or multidirectional order basket;
  • Maximum compatible functionality, which allows you to customize the initial strategy of order opening.
  • The EA can be used with any trading strategy, both manual or automatic (Expert Advisors) if MagicNumber = -1.

Advantages

  • The EA works on candle open prices;
  • FIFO compatible if pyramiding, grid and hedging are not used.
  • Designed for real trading under today's market conditions.
  • Uses pending orders and real stop orders.
  • It does not depend on the trading account type and the broker.
  • The product works both with small and large deposits.
  • Resistant to connection loss, gaps, slippage and spread widening.

Expert system

The algorithm collects price patterns from the history and analyzes further movement statistics to build the depending on the stop-loss and take-profit levels. For the EA operation, the 1-year quotes history preceding testing/optimization start time must be predownloaded for all currency pairs and timeframes, on which the EA will be running. The lower the timeframe, the more price patterns the EA will determine, accordingly, there will be more trend change signals.

ProTrader EA Rating 2.23
Yield per annum 14.89%
Max drawdown per annum 11.35%
Developer ProTrader
Created, year 2013
Free
Price $30
Class middle term
Type network
Lot size not less than 10000 units per 0.01 of a standard lot
Deposit $1000
Leverage 500
Timeframes from M5 and higher
Strategies hedging
Indicators MA, CCI, RSI, Stochastic
Recommended brokers    
Trading tool/currency pairs EURUSD, GBPUSD, AUDUSD, USDJPY, USDCHF, USDCAD, NZDUSD, EURJPY, EURGBP, EURCHF
Automatic account type
Indicating
Multiple usage
Mini deposits
Max risk limitation
ECN
NDD
Several one-way series
Auto start lot
Fixed stop loss
Fixed takeprofit
Automatic lapse expansions
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