Fast forex millions
Fast forex millions - an adviser, even before going on sale, which caused considerable excitement. A new product from the producer of such hits as Forex Growth Bot and Million Dollar Pips. Does Fast Forex Millions live up to its expectations?
FFM Advisor Characteristics
Platform: Metatrader 4
Advisor Version: 2.1
Currency pairs: EURUSD, USDCHF, GBPUSD, USDCAD, AUDUSD
Work time: round the clock
Recommended DC: Alpari, Roboforex
First of all, in fairness, I want to note that William Morrison, the person who sells this robot, took the adviser WinnerH4, who has been walking on the network for some time, corrected it a bit and called the whole thing Fast Forex Millions. And now it sells on its website for 247 US rubles. Here it is, a simple and safe way to make money on Forex! Here she is, the fish of my dreams !! 😀 Just imagine, 100 Americans who are satisfied with their lives, remembering William from previous good robots, dump $ 250 from their wallets. In total, $ 25,000 of easy money goes to Comrade Morrison in a bottomless pocket. But he didn’t even come up with this adviser ... Well, all right, let’s leave our hero’s conscience quietly sniffing at the wall and try to figure out how fast we can make millions with Fast Forex Millions 🙂
Note: all tests were performed with simulation quality 99%, default settings, RiskProcent = 3. From 2007 to 2011.
As we can see from tests on the history, not all pairs of Fast Forex Millions show decent results. Judging only by the backtests, I would put this robot on EURUSD and, possibly, on GBPUSD. The remaining pairs are too unstable.
As for the trading tactics of the adviser, we can say for sure that this is not a scalper. Positions open frequently and sometimes hold for a long time. In the test for the EURUSD pair, the maximum profit in the transaction was 308 points, and the maximum loss was 177 points. In general, the expert’s take profit and stop loss are dynamic, i.e. vary depending on the market situation. The average profit in the region of 50 points, loss - 30 points. The strategy of opening orders for me remains a mystery.
Of the monitoring at the time of writing, only the ubiquitous Bert is available with his mysterious demo account:
Description of Fast Forex Millions settings
Market execution - an analogue of the ECN parameter. Leave true.
ReverseExit - when this parameter is turned on, the robot will close existing positions if there is an opposite signal.
Dualmod - on / off hedging (having 2 opposite orders at the same time)
Filterdefep - setting the filter of the sensitivity of the robot to the market situation. By increasing this parameter there will be fewer positions, but more precisely the inputs. With a decrease, the adviser will trade more often, but less stable.
RiskPercent - a percentage of the free margin that the adviser will risk in each transaction. Money management is activated if the parameter Fixed Lot = 0.
Fixedlot- fixed trading lot. If it is 0, then automatic money management is used based on the value of the RiskPercent parameter.
MagicNumber- parameter needed by the adviser in order to distinguish the positions opened by it from the positions opened by other advisors or manually.
Slippage - allowable slippage (in points).
Peratr - ATR indicator period for use in a dynamic trailing stop.
Kofatr - ATR multiplier coefficient for trailing stop.
Ktp - the parameter refers to the dynamic take profit factor.
OrderComment- Commentary on orders opened by an expert.
P.S. If you have any problems, be sure to read FAQ for working with advisers.
At the moment, we have too little information about the expert’s work and I won’t put it on real yet, I’ll observe a couple of weeks of working on a demo account. But in the future, trading a robot on the EURUSD pair is very interesting, if it gets into RoboTest, it will be used only on the eurodollar.