REV Trader Pro - unique trading technology
REV Trader Pro is fully automatic, no need to make any additional configuration is particularly useful for beginners and traders who are not interested in programming and EAs in principle. So says the author. But I have commented on this occasion: the effectiveness expert advisor REV Trader Pro often depends on the broker, in addition, it is believed that the new version - it's only optimized parameters for the new trading period which also does not adds EA autonomy. This is also confirmed backtests (see below). However, REV Trader Pro is multi-forex EA, working successfully on four currency pairs. In its use Stop Loss, Trilling Stop and Take Profit, which is good for capital as a whole.
Сharacteristics of REV Trader Pro
- Platform: Metatrader4
- Currency pairs: EURUSD, GBPUSD, AUDUSD, NZDUSD
- Trading Time: Around the clock
- Timeframe: H1
- Current EA version: 2.2
- Recommended broker: FBS, XM, Roboforex
The basis of REV Trader Pro is three indicators: Standard Stochastic and Moving Average and custom HighLow, which filter out false signals coming from the analysis of older periods. As the formula used for the detection the signal calculation removal rates from the nearest points of minimum and maximum. Weak side of this strategy are strong trends. But REV Trader Pro more profitable than strategy. It opens additional positions in the same direction, if the price goes in the opposite direction. That is if we opened Buy, and the price moved down, the advisor after a certain number of pips opens another order in the same direction, but at a better price. This principle, of course, there are the same minus - a protracted trend. But now they are quite rare, so while REV Trader Pro profitable. If an EA guessed the direction, the position is closed by Trailing Stop and Take Profit somewhere in the 90-130 pips:
Settings of REV Trader Pro
Operating parameters have a huge amount of advisor. The author allows the customization of all indicators, money management and trailing stop. This provides additional flexibility to optimize, especially if the robot badly works with your broker.
To describe all the parameters REV Trader Pro makes no sense, settings the standard indicators can be found on the Internet, and others are is clear from the title. I will only discuss the main ones:
- Use_Trade_Time - enable / disable the use of trading time
- Enable Email - notification by Email when the signal
- Trade Magic - analogue of Magic Number
- ECNMode - enabling for ECN-account
- Оrder 2Distance - distance in pips from the opening of the 2nd order
- Оrder 3Distance - distance in pips from the opening of the 3nd order
- SL - size of Stop Loss
- Мoney_managment - enabling money management
- Percent Risk - dynamic increase a lot, depending on the size of the balance
- Lot - fixed value of the lot, if Money_management is false
In general, you have the opportunity to do work this robot is completely different, significantly changing the settings. Fans of optimization will be happy.
Live forward tests
REV Trader Pro backtests
EURUSD
2013-2015
AUDUSD
2013-2015
GBPUSD
2013-2015
NZDUSD
2013-2015
From myself I wish to say that Rev Trader Pro - it's very questionable “profitability EA”, which is also confirmed by tests on its history. Therefore, to pay kind of money, which asks the author of this EA I think is inappropriate.
For smooth operation Rev Trader Pro should use VPS server ➔ Forex VPS
In the archives REV_Trader_Pro.rar:
- Experts - REVTraderPRO.ex4
- Indicators - HighLow.ex4
- Libraries - revtraderpro.dll
- Presets - audusdnewest.set, eurusdnewset.set, gbpusdnewset.set, nzdusdnewset.set
- REV_Trader_PRO_Manual.pdf
Free Download REV Trader Pro
