Prosper

Prosper is a scalping, fully automatic Expert Advisor. It trades critical support and resistance price points, with the trend. Volatility filters help to time the trade entries. Trades are based on the H4 time frame, while trend and volatility filters are based on H1, and M1 time frames. It averages about 1-2 trades a day per currency traded. To protect against large drawdowns, the EA will stop trading during periods of unfavorable market conditions, when the weekly Average True Range is below the set value. These periods can last for a week, or several months, but are rare.

By default, Prosper expert advisor trades on EURUSD. The time frame of the chart is irrelevant, as it is coded in the EA. It will need an ECN account with average spread of 5 points or less, and with a low stop level and freeze level. A VPS or metaTraders hosting is also a plus.

The money management system allows you to trade low risk with a very low drawdown, or higher risk for a greater return. Each trade is protected by a stop loss which keeps losing trades small.

There is no martingale, grid, or hedging involved, (although there is a semi-martingale option available, but use with caution). You can start with as little as $20 deposit with 1:500 leverage.

Backtest Results

On a risk setting of 4.0, having an initial deposit of $300, earned a net profit of $59,120 on EURUSD from January 2013 to December, 2015. Draw-down was only 10.9%. A lower risk setting will reduce the drawdown even more, while still achieving a decent profit..

All testing was done using real tick data and 99.9% modeling and a 0.4 spread. Prosper has been coded to perform back-testing as quickly as possible (LabelOn function will turn off automatically during optimizing and non-visual back-testing).

You can receive similar data by downloading the demo version and testing it, but you must use real tick data with 99.9% modeling, or the results are meaningless.

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