Pump and Dump Expert Advisor is a fully automated trading advisor created by a trader for traders. The strategy is “buy cheaper, sell more expensive”. Orders are opened after a significant rise / fall in price.
The strategy of the forex advisor is based on the method of using overbought and oversold zones based on the proprietary iPump indicator.
The basic meaning is to buy an asset at a lower price, sell at a higher price.
When using this indicator, the advisor identifies the most optimal buy / sell zones of the traded instrument, and then enters the market.
You have probably noticed that after sharp price movements in the market there is a significant rollback in the opposite direction, so-called “hairpins” are drawn, the EA catches moments of strong growth or fall in prices, and enters the market based on these signals. I explain in more detail in the video and in the screenshots.
Advantages of Forex Expert Advisor Pump and Dump
The robot has an “Auto Risk Controller” – an algorithm for closing unprofitable transactions when the risk to the total account balance is exceeded, this function will save the account and fix the loss you have set in advance.
The mechanism for increasing profits is activated if the price follows the trend.
The Expert Advisor can suspend trading at a predetermined time interval in case of exceeding the risk management. For ease of control, an event signal will be sent directly to your mobile phone using Push notifications.
A complete list of input variables and instructions are described in this article.
Regarding risk control
As for the drawdown, the Maximum_DrowDown and Delete_orders functions are responsible for this.
The Maximum_DrowDown function is calculated as a% loss to the deposit, for a specific magic number.
When the specified drawdown threshold is exceeded in Maximum_DrowDown, and Delete orders = true, orders are automatically closed.
If Delete orders = false, you receive a notification that the drawdown has been exceeded and you independently decide whether to close deals or not. When the settings are set to Delete orders = true and Pause hours after error = greater than 0, and a situation has occurred with the specified drawdown exceeding, new orders will not be opened for the number of hours specified in the Pause hours after error setting.
For example, if you have specified Pause hours after error = 24, this means that positions will not be opened 24 hours after the drawdown is exceeded.
A robot is not a supermachine for printing money, it is a trading assistant that trades clearly according to a strategy, so if you think that the robot is holding a deal in the wrong direction, then sometimes you have to intervene and close the deals yourself.
On my accounts, I set the Max_DrawDawn indicator to about 30%, you should understand that most orders will be closed at average prices much earlier than the 30% drawdown,
let’s say 5-10%. 30% serves as that boundary mark, in case of force majeure circumstances, a very strong fluctuation of the market.
You also need to know that for such a drawdown, we need to adhere to the rule, 0.01 starting lot for 2,500 capital signs.
If your account is less than 2500 characters, I recommend opening a cent account.
The cent account type will allow you to correctly adjust the ratio of capital to the starting lot, as well as use a larger number of pairs in trading.
If you have a question, you can write to us at the contacts indicated on this page or fill out the feedback form.