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What's happening with this robot, or what has happened?
The basic question that has come up for me personally is whether this is just another robot whose settings work perfectly for four, five, or six months, like most robots—99% of them. Maybe that's the case, or maybe not. Here's why I think this way. First, let me introduce you to the basic way to use this robot and the need to follow certain rules, which, by the way, I haven't followed. So, let's start.
Firstly, the robot has a very large ratio between Take Profit (TP) and Stop Loss (SL). To earn 1 dollar, we risk 4 dollars. Another important fact is that the robot records two consecutive losses from time to time, regardless of which strategy we use, and there are five strategies in total. Also, the third important fact is that there is a trend correction from time to time, which can last almost one to two months, specifically a negative correction in the trend line.
Now the main question is, what lot size to use with a deposit of 10K and leverage of 1:100, for example? My answer would be the following: if you want to take more risk, then a maximum of 0.03, and if you want to risk moderately, then 0.02 lots per individual position. If you use all five strategies on five different charts at the same time, then a maximum of 0.01 per strategy, would total 0.05. This is the rule, this is how to use this robot, which I, unfortunately, did not follow.
And so, what happened? First, there was a correction in the trend line that has been going on for two months. The robot only managed to recover from the correction this week, but only for certain strategies—I'm referring to strategies 1, 3, and 4. Strategies 2 and 5 are still negative. There is a solution, for example, for strategy 2, we can activate the Reverse option, while strategy 5 should simply be avoided until it returns to profit. To determine if it's back in profit, you can simply test the robot from time to time in the MT5 strategy tester. Results indicate that it’s not yet time to use this strategy.
As for the MT4 version, it has slightly different characteristics because the platform itself is different, but I won't go into the differences now. There’s not a huge difference, but when tests are run, the curve is slightly different. However, in principle, both curves from the tests on MT4 and MT5 are almost the same. Therefore, the tests are almost identical, and it's also advisable to avoid the mentioned strategy 5, etc.
Also, I want to mention that I withdrew the MT4 platform version because almost nobody buys MT4 robots anymore. Only the MT5 version is visible.
I also want to point out that we should be ready to accept losses, as you'll see later in some graphs. Losses or losing positions are normal and a part of every system, at least those that aren't scams. So, don't risk too much and follow the robot usage recommendations from the beginning of this text, which, by the way, I didn’t follow, haha. Also, test the robot from time to time, if you don’t mind or aren’t bored, just to see how strategies behave on unknown data, as this robot hasn’t been updated since November 2023.
New versions of the robot, starting from 1.3, 1.4, and finally 1.5, have crazy options for opening orders, all kinds of orders, which are contained in a dropdown menu for order types where, besides the regular order types, you can choose Automatic and Nitro. The latest version of the robot also has an integrated "exit on the bar" system, which closes a position at the chosen number of bars. There is also the Reverse option. I will talk more about all this another time.
You can see how NITRO works in the video posted on my YouTube channel here:
So, since strategies 1, 3, and 4 have improved their performance (see the images below):
Test of Strategy 1
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Test of Strategy 3
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Strategy 3 has not yet managed to recover from losses, but as you can see in the image above, I think it will manage to recover and return to positive growth in the coming days.
Test of Strategy 4
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For this strategy, the situation is almost the same as for strategy one, meaning it has finally entered profit.
In this video, you can see the recommended way to use the robot:
Now for strategy two:
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As you can see in the graph above, the robot has started a correction with this strategy as well. Whether it will manage to return to profit, we will see in the coming weeks. Therefore, the recommendation is not to use this strategy unless the Reverse option is activated.
-Image of the Reverse option-
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Strategy number 5 should be avoided for now, as well as the Nitro and Automatic options until the robot finally turns profitable with all strategies. That’s all for now. Have a great day.
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