Forex Robot “Keltner Pro EA” - Big Trend Catcher

Hello, dear Forex traders. We represent your attention another Forex robot “Keltner Pro EA”. Its distinguishing feature is the work in the direction of the trend for the purpose of entry to very large movements. In this review we will test it on several currency pairs and select some stable pairs for optimal profit.

Characteristics of the EA

Trading platform: Metatrader 4
Currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDCHF
Time-frame: M5-15 (see table below)
Trading time: All Sessions
Recommended Brokers: Roboforex (ECN accounts)

Help on installing

The Expert Advisor is installed as usual. If you first encountered the Forex robots and you have a lot of questions — read this article.

Attention! Settings are the same for each pair and timeframe in this expert advisor. Use M15 timeframe for pair EURUSD.

Strategy of the EA

EA refers to the robots that trade with increased volatility. The way to trade: entrance the trend at the period of large movements. If the price is greater than the maximum value for a certain period at a certain rate, then we buy; analogously for sale — if the price is less than the minimum value by a certain value, then we sell. The EA can do a lot of small trades that are not successful, however, the main profit we get on the big movements. This Forex robot does not use methods of averaging at losses, such as Martingale, it is a stable trading robot designed for long-term work.

Backtest of the EA

Backtesting is done on each pair separately, because the platform Metatrader 4 does not allow multicurrency tests.

EURUSD

2012-2015

Consider the results for each month:

The test results are acceptable.

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GBPUSD

2012-2015

Consider the results for each month:

The test results are acceptable.

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NZDUSD

2012-2015

Consider the results for each month:

The test results are acceptable.

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USDCHF

2012-2015

Consider the results for each month:

The test results are acceptable.

Conclusion: EA shows profit growth without serious drawdowns for these 4 pairs. However, we must be prepared for the fact that the profitability of the adviser may “stagnate” for a long time.

Real account monitoring

Currency pairs used for monitoring: EURUSD GBPUSD NZDUSD USDCHF

Description of the settings

• StartingLot— fixed lot size
• Increasing_Lot — enables the automatic mode of the lot through the percentage risk regarding the balance
• Risk — amount of the risk relative to the balance
• Comment— comment to the orders
• Magic Number — magic of the orders on this pair
• Slip — maximum slippage for orders to be placed
• MaxOpenOrders — maximum number of open orders on this pair

Attention! Don’t change anything in the EA parameters and use only the recommended values unless you really know what you’re doing!

Recommended money management

Recommended risk per trade is 2 percent.

ACCOUNT TYPE	MINIMAL LOT	MINIMAL DEPOSIT	BROKERS
Cent-NDD	0.01	$2 (200 cent)	Forex4you
Cent	0.1	$20	Roboforex
Standart	0.01	$200	Roboforex
Classic	0.1	$2000	Classical type accounts, common to most brokers.

Summary

Forex Robot “Keltner Pro EA” is a stable trading robot, its usage on appropriate pairs is safe for a long period. However, rate of return can be in the neutral zone in the short term, you should be ready to it.

Important !

For correct operations of the Expert Advisor your trading terminal should be working from the market open on Sunday night till closing on Friday evening. If you have no way to keep the computer in working condition 24/5, it is recommended to use VPS server.

Download Forex Robot “Keltner Pro EA”