Forex Warrior is an Expert Advisor using an combined Grid / Martingale approach to open baskets of buy and sell positions.
The EA benefits from ranging markets and adjusts the trading strategy including grid levels and lot size when a trend is detected. Starting with the third grid level, the Martingale element is invoked and will increase the lot size based on a multiplier. As baskets consists of buy and sell positions, the overall position is hedged to some extent.
Forex Warrior provides a variety of configurable features allowing adjusting easily the trading strategy according to the personal risk profile; however, those adjustments require a thorough knowledge of the trading mechanics. Preconfigured parameter files containing recommended settings are available.
Like all other grid strategies, Forex Warrior should be treated with caution too, the usage of cent accounts is recommended.
Grid / Martingale
00:00 - 24:00 GMT
Purchase: USD 239. | Subscription: USD 59.99 per quarter.
Payment through Avangate.
Voucher for a 10% discount: 4298AD3166
The developer grants an unrestricted right to return within 30 days of purchase which will be paid back through Avangate.
The licence is valid for one live or demo account and includes support and updates.
A detailed online manual explaining the installation and set up of Forex Warrior is available on the developer's website. The trading strategy, main set up parameters and their impact are explained in detail.
The performance of Forex Warrior is demonstrated, as follows, on a live account of the developer.
Forex Warrior backtests for the period 2009 - 2012 are shown below. It should be noted that the EA barely survives the year 2009, even with low risk settings.
GBP/USD, years 2009 - 2012, spread: 2 pips, low risk
GBP/USD, years 2010 - 2012, spread: 2 pips, low risk
GBP/USD, years 2010 - 2012, spread: 2 pips, set 2
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