Hybrid Forex EA “Survivor” — The Holy Grail is found?

Hello, dear Forex traders!

Introducing a new multi-currency Forex expert advisor called Survivor. Usually, advisors use one strategy in their work (for example, trading in trend, scalping, martingale, trading in certain trading sessions, etc.), since adding another algorithm hinders the work of the first one. This advisor is a modern representative of hybrid trading robots when the strategies used not only don’t interfere but also help each other in achieving a profitable result.

In our turbulent times, the time when many advisors lose profits, trade inappropriately, even lose the deposit of their owner, the Survivor advisor successfully works, and its indicator “stuffing” is so successful that it easily transfers Brexit, Trump’s speeches, Draghi’s rhetoric, gaps and other unpleasant events. What is a critical event for other advisors is the usual working environment for Survivor.

In this article, we will review the logic of the Survivor advisor, its settings, test it on the currency pairs recommended by the author and evaluate the results obtained.

Characteristics of the EA “Survivor”

Platform: Metatrader 4
Currency pairs: EURUSD, GBPUSD, USDCHF, USDJPY
Timeframe: M5
Working hours: around the clock

Recommended broker: Roboforex (ECN accounts), Alpari

Installation help

The advisor is installed as usual. If you first encounter robots in Forex and you have a lot of questions - read the FAQ on Forex robots.

Attention! In this Expert Advisor, the settings significantly affect the trading results, use the recommended settings files (see the archive at the end of this article).

Advisor Strategy

The advisor is a hybrid organism from the channel trend algorithm and the order grid. The transaction is entered via channel and trend indicators, which are Bollinger Bands, RSI, ADX, DeMarker, Moving Average. If the price goes against an open order, then the order grid is built, which closes in case of entering the profit zone. The number of grid orders is limited at movements f when the grid cannot deal with the situation, and a loss is fixed. Parameters of order setting can be set in the external parameters of the Expert Advisor. In addition, the great advantage of the Expert Advisor is its open source code availability.

In this article, we will test the advisors’ proposed settings for teak data and be using the Tick Data Suite program, evaluate the resulting results and analyze the settings.

Advisor trading example

Advisor backtests

Backtests are made for each pair separately. The MetaTrader 4 platform does not allow carrying out multi currency tests.

The first series of tests are made by a fixed lot 0.01. This allows you to evaluate the results of testing without taking money management into account.

Survivor EURUSD M5 2011-2017 lot 0.01

Survivor GBPUSD M5 2011-2017 lot 0.01

Survivor USDCHF M5 2011-2017 lot 0.01

Survivor USDJPY M5 2011-2017 lot 0.01

The second series of tests are made by a Risk 2%. This allows you to evaluate the results of testing without taking money management into account.

Survivor EURUSD M5 2011-2017 Risk 2%

Survivor GBPUSD M5 2011-2017 Risk 2%

Survivor USDCHF M5 2011-2017 Risk 2%

Survivor USDJPY M5 2011-2017 Risk 2%

Using the EA Analyzer program, we will make a summary statement on the tests of EURUSD, GBPUSD, USDCHF and USDJPY pairs with a fixed and proportional lot.

Survivor Portfolio: EURUSD, GBPUSD, USDCHF, USDJPY

Survivor Portfolio: EURUSD, GBPUSD, USDCHF, USDJPY (Risk 2%)

Conclusion: working with a fixed or proportional lot for 3 pairs EURUSD + GBPUSD + USDCHF+USDJPY, Survivor Advisor shows a stable growth of profit without critical drawdown for the deposit.

Survivor monitoring

Settings description

———— TIMER ————

Trade pause on Monday opening— pause in minutes. 0 - off;
Time of pause on Friday (hh:mm)— time of stopping the trade in hours and minutes, off by default;
Friday order closing time (hh:mm)— closing time in hours and minutes, with a blank value - off;

First order entry parameters:

Bollinger Bands — Bollinger bands parameters:

periodBB1— Moving average period;
deviationBB1— number of standard deviations;
bands_shiftBB1— band shift;
priceBBUP1— upper indicator line calculated by closing prices;
priceBBDN1— lower indicator line calculated by closing prices;
CheckBarsBB1— number of candles to skip.

RSI —RSI indicator parameters:

periodRSI1— period;
priceRSI1— indicator calculation by closing prices;
levelRSIsell1— sales level;
levelRSIbuy1— buy level.

ADX — ADX indicator settings:

periodADX1— period;
priceADX1— indicator calculation by closing prices;
levelADX1— calculation level.

DeMarker —DeMarker indicator settings:

periodDM1— period;
levelDMsell1— sales level;
levelDMbuy1— buy level.

MA — Moving average indicator settings:

UseMA1— use indicator or not;
MA_Period1— period;
Ma_type1— MA type;
Ma_price1 — indicator calculation by closing prices;
Slippage_MA1— slippage

Parameters for future entries and Reversal parameters look similar to the First entry parameters block

—— EA PARAMETERS ——-

Lots— lot size;
Risk— risk;
MaxSpread— maximum spread allowable;
Close_Revers— close having a reverse signal;
Step_Input— step back to a better price at the second entry, 0 - off.

<== TP/SL Settings ==>

Sl— Stop Loss;
Tp–Take Profit;
TP_SL_ATR_Period—ATR period for take-profit and stop loss calculation;
TP_ATR_Multiplier— multiplier for dynamic take profit by ATR;
SL_ATR_Multiplier— multiplier for dynamic stop loss by ATR;
MM_type— choosing the money management type: 0-off, 1 — by the transaction, 2 — by series;
Martin_Type— martingale type: 0- off. 1- increasing the lot by loss in the deal, 2 — by loss in series;
Lots_exp— orders series multiplier;
MaxOrders— maximum number of open orders;
MAGIC— magic orders number.

It is recommended to use sets given at the end of the article.

Attention! Don‘t change anything in Advisor parameters, but use only recommended values, if you don‘t know for sure what you are doing!

Recommended money management

We recommend a transaction risk of not more than 2 percent of the deposit for each pair. The lot can be calculated using a special calculator, or simply set the level of risk in the parameters of the EA (Risk) and everything will be calculated automatically. Before using risk levels that differ from those recommended, it is highly advisable to test the Advisor.

With multi currency trading, it is recommended to calculate at least 500 currency units per 0.01 lot for each pair used. For clarity, see the table below (note - the calculation of the deposit is given for one pair).

ACCOUNT TYPE	MINIMAL LOT	MINIMAL DEPOSIT	BROKERS
Сent (with mini lots)	0.01	5$ (500 cents)	Roboforex
Cent	0.1	$50	Roboforex
Standart	0.01	$500	Alpari
Pro-accounts	0.1	$5000	Classic type of account of the most brokers

Results

Survivor Advisor is a profitable trading robot of a hybrid type. Its profits are confirmed by both test results, and independent monitorings. Most profitable pairs are— EURUSD, GBPUSD, and USDJPY.

Important !

For a correct advisor operation, the trading terminal should be on from the market opening on Sunday until its closure on Friday evening. If you don‘t have a possibility to keep your computer working 24/5, we recommend you to use the VPS Server services.

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