Platform: MetaTrader 4
Actual version: 8.2.2
Manufacturer: ARGO lab
License Type: Commercial
Category Advisor: martingale
Currency pairs: EURUSD, GBPUSD, NZDUSD, AUDUSD, EURGBP…
Trading time: 24/5
Entry type: market orders
from $ 10,000 for USD (EUR) accounts with minimum lot 0.01
from $ 1,000 for cent accounts with a minimum lot 0.1
from $ 100 for cent accounts with minimum lot 0.01
Official site: http://forexwarrior.net/
Forex Warrior is a martingale grid trader. It stays in the market 100% of the time and trades simultaneously in the both direction (long and short), thus achieving a hedging effect when market is trending.
The trades opened by Forex Warrior in a given direction (long/short) are grouped together; such group of the trades is called a basket. The first trade in the basket is opened by a market order. If the price moves in the direction of the trade, the trade is closed with a profit. If the price moves against the trade, Forex Warrior add new trades to the basket. The whole basket will be closed in profit at the pull-back of the price. The consecutive trades added to the basket are called levels. All trades in the basket have the same Take Profit (TP) values, so when the price reaches the TP value, the whole basket is simultaneously closed and a new basket is opened.
Each new level of the basket, starting with the 3rd level, is opened with an increased lot size as compared to the lot size of the previous level. The actual lot size is calculated from thebase lot (that is, the lot size of the 1st level) by applying the user selectable lot multiplier. By increasing the lot size of the consecutive levels, Forex Warrior is able to successfully work in the counter-trend regime, closing the basket with profit as soon as the trending price retreats by the amount given by the TP value.
All the trades of Forex Warrior have Take Profit and Stop Loss levels.
In its basic design, Forex Warrior stays in the market 100% of the time, profiting from the zigzag movement of the price. It is designed to work simultaneously in both, long and short, directions thus doubling the profit on the ranging market and achieving a hedging effect when the market is trending. If your broker sets the No-Hedge requirement, allowing only BUY or SELL orders at a given time, you can force Forex Warrior to work in one direction only (by setting flags Flag_Stop_Buy/ Flag_Stop_Sell to TRUE). In this case, you may use two copies of Forex Warrior, working in the two different directions on two different accounts. For users that prefer a conservative trading, Forex Warrior has an option to open a new basket only in the direction of the global trend (for this, flag OpenOnlyOnTrend should be set to TRUE).
While trading simultaneously in both directions, Forex Warrior takes care of the market conditions. When a trending market is detected, the base lot size for the new basket and the TP value of individual levels are adjusted accordingly.
Back Tests: http://forexwarrior.net/back-tests
As usual, the readers of our blog are getting special price offers.
Instead of the regular price of $239, you are paying $179, thus saving $60.
Buy Forex Warrior EA with 25% discount.
We also accept direct transfers by WebMoney, PayPal, Skrill.
For details, contact us by firstname.lastname@example.org or use the contact form http://forexwarrior.net/contacts.
Specify: Discount ARGOLab.
Note: the number of coupons is limited!