Forex robot “Controller EA” - Control the Drawdown

Hello, dear Forex traders. Since a long time, there were no ea’s from the “dangerous” category on the pages of our portal. But this year turned out to be suitable for martingale robots, grid traders, etc. Forex Grid Trader, Forex Hacked Pro also feel pretty well.

We present to your attention “Controller EA”. The distinctive feature of this expert is a combination of grid strategy (grid trading) and martingale. Trading results are verified by independent monitoring. In this review, we will test the robot on several currency pairs, evaluate the results and of course, you can download this EA for free below this post.

Characteristics of EA

• Platform: Metatrader 4
• Currency pairs: USDJPY, AUDUSD, EURGBP, GBPJPY
• Timeframe: M30
• Working: around the clock
• Recommended brokers: Roboforex (cent accounts)

Installation Help

Install the EA as usual. If you are new to the Forex robots and you have a lot of questions - please read this article.

Strategy of “Controller EA”

Trade entrance is calculated by the built-in indicators and uses market orders. The first order in a grid is set with an initial lot. In addition to market orders, EA uses pending orders. After triggering of pending orders, following pends are set in larger lots (i.e. using a martingale strategy). At the roll back, EA closes a series of orders with profit. There are no options of built-in indicators and placing orders.

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Attention! Forex robot “Controller EA” uses martingale strategy. Sooner or later there will be a big loss, but with the periodic withdrawal of investments, probability theory works in our favor. After the withdrawal of the initial deposit, a dangerous martingale strategy immediately becomes break-even and highly profitable.

EA back tests

Beck tests are made on each pair individually, as Metatrader 4 does not allow for multi tests. All tests were made in a fixed lot.

AUDUSD 2005 - 2015, deposit 5000, lot 0.1

EURGBP 2005 - 2015, deposit 5000, lot 0.1

GBPJPY 2005 - 2015, deposit 5000, lot 0.1

USDJPY 2005 - 2015, deposit 5000, lot 0.1

Conclusion: for “Controller EA” pairs with Japanese yen will not fit, and pairs EURGBP and AUDUSD show good results.

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Real account monitoring

Pairs EURGBP and AUDUSD are used in monitoring. Settings: AutoLot=true; Compounding=false; MaxDrawDown=100; ManualLot=0.1; Slippage=10; CloseAll=false.

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Description of options

• AutoLot - automatic calculation of the lot by calculating it as a percentage of equity. If you want to trade fixed lot, this parameter must be equal to false.
• Compounding - option, indicating more risky trading mode (mode of combined calculation of all orders). We recommend using Compounding = false.
• MaxDrawDown - the size of the maximum drawdown in AutoLot mode=true. For a fixed lot, it is not important.
• ManualLot - fixed lot size, works when AutoLot=false
• Slippage - allowable orders slippage in pips
• CloseAll - if the value is true, after the closing of the current orders new ones won’t be opened. To make EA possible open orders again, the value CloseAll needs to be false.

Attention! Do not change the parameters of EA, use only recommended values, if you don’t understand exactly what you are doing!

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Recommended money management

Not less than 1000 units of currency per 0.01 lot for each used pair. For cent accounts, it’s $20 - $30.

Conclusion

“Controller EA” is profitable robot with simple settings, this expert advisor is based on the strategy of averaging, and it successfully works on real accounts of many traders, in strict observation of the rules for handling hazardous advisers.

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Important!

For correct work of EA, the trading platform should be turned on since the opening of the market on Sunday night ‘till it’s closed on Friday. If you can not keep your computer working 24/5, it is recommended to use service of VPS server.

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Download “Controller EA”