Forex inControl is an Expert Advisor trading a grid/martingale strategy on up to four currency pairs. The main focus of the EA is to control the inevitable drawdowns.
Forex inControl supports two different money management settings. In case the lot size for the first grid level is set manually, the EA automatically calculates the risk values (expressed as maximal drawdown), in case the risk level is set manually, the resulting lot size is determined automatically. The lot size for all additional grid levels is always dynamically calculated depending on market conditions.
The quite unique risk control approach is based on the ratio of floating loss to initial deposit. With a risk setting (maximum drawdown) of 30% and an initial deposit of USD 10,000 all open positions are closed if the floating loss reaches USD 3,000 - the actual account balance is not taken into account.
If the available compounding function is activated the EA adjusts the lot size based on the account balance.
AUD/USD, EUR/GBP, GBP/JPY, USD/JPY
00:00 - 24:00 GMT
Standard licence (unlimited) USD 285 | Single licence (one year) USD 205
Payment through Avangate.
Voucher for a 10% discount: EDF6757BF9
The developers grant a right to return within 30 days of purchase, if the EA doesn't work or the drawdown exceeds 40% while default settings are used . The refund will be paid back through Avangate.
The standard licence is valid for two live or demo accounts for an unlimited time, the single licence is restricted to one live or demo account and has to be renewed every year. To activate an account the account number has to be communicated to the support team, which in turn will provide a download link for the preconfigured EA.
A 4-pages manual explains the installation and set up of Forex inControl.
The performance of Forex inControl is demonstrated, as follows, on an exclusive TradeFort live account as well as on a live account of the developers.
Forex inControl backtests for the period 2010 - 2014 are shown below.
AUD/USD, spread: 3 pips, risk: 30%
AUD/USD, spread: 3 pips, lots: 0.01
EUR/GBP, spread: 3 pips, risk: 30%
EUR/GBP, spread: 3 pips, lots: 0.01
GBP/JPY, spread: 3 pips, risk: 30%
GBP/JPY, spread: 3 pips, lots: 0.01
USD/JPY, spread: 3 pips, risk: 30%
USD/JPY, spread: 3 pips, lots: 0.01
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