Manhattan PRO EA

$250.00 $0.00

Manhattan PRO EA – [Cost $250]- For FREE

For those who are not familiar with the adviser, first of all, we will consider the basic algorithm and principles of the Manhattan PRO EA adviser, and after that, we will get to know what opportunities the new version provides. ”Advisor “Manhattan PRO EA” at first glance a typical representative of the “net” working using the Martingale principle. This is neither good nor bad, but it is important to know. This principle increases many times the risk, but also profitability. Let’s see if everything is so “typical” in Manhattan PRO EA

Working Principle – Trading System

Many newcomers, but to be honest, and many pros who consider themselves to be scared away by Martingale, as this principle is perceived as the basis of the trading system. You need to understand that the Martingale principle is not a trading system, but a money management system i.e. lot size management system. More about this below, but first about the trading system.

What is a trading system?

These are the rules, the system by which Forex advisors decide on entering and exiting the market.
And here we see an important difference between Project Manhattan and the classic netizens.
The EA expects a strong movement (powerful impulse) and enters in the opposite direction.
[UPDATE] The new mode allows you to enter not against, but in the direction of the impulse – along with the trend!
If TP is not taken, then on the next signal the adviser averages the position by increasing the lot by a factor (many are used to calling it the Martingale principle, but this is not entirely true, since Martingale multiplied the next bet by 2, we have a maximum factor of 1.5 and different for all pairs – depends on volatility)

The advisor works simultaneously in both directions – hedging.
It does not build a grid, but always waits for a signal to enter! The signal is a unique candlestick pattern.
In the parameters, the StepPips setting is responsible only for the minimum distance between orders, but the maximum is not limited by anything.
Thus, it can withstand drawdowns of several thousand pips while opening 3-5 orders, which gives a reasonable drawdown in most cases, where the classic grid (ilan, auto profit, grid) will already lose the deposit.

There is also a function DymanicStep which increases the minimum distance between orders using the formula StepPips = StepPips * order serial number. Those. the more open orders the greater the minimum step.

Details about each parameter can be found below in the description of the settings.

Manhattan PRO EA Backtest Histroy

The first thing to understand: backtests do not guarantee that the adviser is profitable. Moreover, the bulk of developers can only provide backtests with a beautiful schedule whose secret is simple – optimization for the historical period!

The only thing that makes the backtest clear is that the trading system of the adviser can at least theoretically be profitable. How do I conduct backtests and select the optimal parameters?

I’ll soon prepare for your material on how to correctly check advisers: tests, optimization, forward tests, real-time withdrawal, but for now in a nutshell:

Optimization for a period of 3-6 months
Tests of optimized results for a period of 2-3 years
Choosing the best result by profit factor with a drawdown of up to 30 percent of the initial depot, and not relative!

Testing period 01/05/2015 – 01/05/2017 – two years
An initial deposit of 10,000
Fixed lot
Timeframe M5

Testing period 01/05/2015 – 01/05/2017 – two years.
An initial deposit of 10,000,
Growing lot
Timeframe M5

Testing period 04/30/2015 – 04/27/2017 – two years.
An initial deposit of 10,000
Fixed lot
Timeframe M5

Testing period 04/30/2015 – 04/27/2017 – two years.
An initial deposit of 3000
Fixed lot
Timeframe M15
Read more IRINS EXPERT ADVISOR V1.8 -[Cost$1297] – For FREE
What do we see from the backtests?

Strategy is viable
A rare adviser with the Martingale principle can show more than a year without a complete loss of deposit
Profit factor high
Percentage of winning trades over 70%