EUR/USD Consolidation Trading Robot
with Roulette TRADER Money Management
An Automated Expert Advisor (EA)
For the MetaTrader4 Trading Platform
SINGLE ROBOT PERFORMANCE GUARANTEE
$99 Single Robot Purchase Guarantee: If you purchase this EUR/USD Consolidation robot as a $99 single-robot purchase, I will refund 100% of your purchase price if this robot does not make at least 200 pips net profit within 60 days of your purchase.
You do not need to be trading this robot on your account to qualify. Just contact me with your receipt and a quick look at this robot's 60-day performance will confirm if you qualify or not. However, please be aware that your robot will be permanently disabled if you receive a refund.
Watch this Trading Robot on RENKO Bars!
Watch me in action!
System Details
I specifically designed this system to do well in choppy, consolidating market conditions and to smooth the equity curve of the Trend-Following robots. Since they do best in opposite market conditions, they make a great team. This one provides consistency while the others provide the power!
What I love about automated FOREX trading is that you can either customize your trade signals to compliment your money management or customize your money management to compliment your trade signals. The Roulette Trader Robots (MT4 Expert Advisors) give you a lot of flexibility with your money management strategies. If you can think it, you can probably do it.
In this system, I used a negative progression Money Management strategy. The reason is because the wins and losses do not group well and that makes it a great candidate for a negative progression strategy (increasing leverage after a loss & decreasing after a win). When done properly on the right signals, it can be very effective at producing a smooth equity curve with controlled risk. However, it does not have the power of a normal Roulette Trader money management strategy that uses positive progression because it must be traded at lower leverage. To help protect against large draw-downs, I have incorporated 2 safety features:
1). In this strategy ONLY, I reversed the Consecutive Wins money management system and now the cycle profit target acts as a cycle stop-loss. If it loses 4 consecutive trades in a row, it automatically reverts to the minimum lot and starts a new cycle.
2). After ANY winning trade, it also automatically reverts back to the minimum lots. So, you essentially get 4 chances to get a winning trade and with a small 35-pip stop-loss and 150 pip profit target, a single win can be much larger than your combined cycle losses.
This robot runs on RENKO bars and trades consolidation (zig zagging) around a particular Moving Average. During periods of consolidation, this moving average usually runs right through the middle of the consolidation channel. These signals trade against these moves attempting a quick profit. During strong trends, this strategy does a great job of staying out of the market.
The example below is based on a $200 beginning account balance and the average return is 12-14% per month at my maximum recommended leverage. That's over 450% annually after monthly compounding.
To replicate this model (with a goal of 14% monthly average), follow these maximum settings. The settings shown are for a $200 account or larger:
Minimum Lot: 0.01 (Set to maximum 0.01 per $200 allocated margin)
Unit Size: 0.01 (Set equal to your Minimum Lot)
Cycle Target/Max Lot: 0.04 (A 4 unit maximum. Set to 4x your Unit Size, assuming your units and Minimum Lot are equal)
StopLoss: 35 (35 pips)
TakeProfit: 73 (Set as high as 150. This robot will reverse trade direction if a reverse signal occurs before the profit target is hit)
Dist_from_ma3: 350 (350 = 35 pips. Set as low as 200 for more trades with a higher win rate but smaller profits)
Max_dist_from_ma3: 600 (600 = 60 pips. Set as high as 740 for more aggressive trading but larger draw-downs)
NOTE: These are MAXIMUM recommended leverage settings. In this model, the historical maximum peak to valley draw-down was 47% if you were to compound monthly, but it could exceed this in the future. As a safety precaution, if your draw-down ever exceeds 50%, lower your leverage for more staying power or deposit more money until your losses are made back.
Compounding Profits: Please note that most MT4 platforms have a 1k (0.01) minimum lot size and the minimum required margin I recommend for each 1k unit is $200. Therefore, you will need to accumulate $200 in profit for each 0.01 increase in unit size (lot_increment in the EA). At an average of 14% per month, you will need about $1400 in equity to begin compounding profits on a monthly basis if you want to stay within my recommended maximum leverage.
This is not a "black box" system. The signal logic for every robot is explained in plain English at the top of the source code of every EA (Expert Advisor). You can customize these EAs to meet your own trading style and try new things with it. This includes tweaking the Money Management too. I have provided instructions inside the code and in my tutorials section (in the Member's area) so you will know how to customize the robot and your results to your own liking. The results on this page reflect the default settings.
RENKO BARS: This trading robot runs on 25-pip Renko bars (a type of constant range bars), which naturally filter out most market noise. I am including the Renko bar script FREE with the purchase of this Expert Advisor and will include instructions on how to attach the Renko bar script to your charts in the Tutorials section. The script converts 1 minute candlesticks into Renko bars, which look like bricks because every bar is the same size. The Renko script file is located in the Scripts folder of your download file.
Risk Disclosure
This website does not guarantee income or success of the product beyond the specific 60-day performance guarantees for each product. There are many factors that can effect each person's individual results. Examples shown in this presentation do not represent an indication of future success or earnings but merely historical performance based on specific trading models, some of which is hypothetical. Past performance is not indicative of future results. The company declares the information shared is true and accurate.
U.S. Government Required Disclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither us, nor our affiliates or associates involved in the production and maintenance of these products or this site, is a registered Broker/Dealer or Investment Advisor in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
Clearly understand this: Information contained in this product are not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.
*CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.