The bear

The bear uses an algorithm based on the RSI Alligator strategy

It is developed specifically for GBPUSD and designed to give you an optimal result adapted to the post-covid market.

WHY CHOOSE THIS EXPERT ADVISOR ?  

• No Grid, No Martingale, No Averaging, No dangerous strategy
• Always use Stoploss and Takeprofit 
• Best profitability with more than 1:1 risk reward per order
• Lotsize calculated from the Risk and Stoploss distance
• Trades every week with projected monthly profit of 3-10% a month
• No need to setup, many set files available for all types of risk

 INPUT PARAMETERS

• Value of your initial deposit : Amount of initial deposit (use for stats only)
• Use Autolot : Enable/disable automatic calculation of lot size (calculate from the risk percentage and the distance of Stoploss )
• Risk Per Trade : The percent equity risk per trade if autolot is true
• Max Trades to Open : Maximum number of trades opened simultaneously
• Max LotSize if autolot : Maximum lot size for if autolot mode is enable
• Static Lot if Use Autolot is false : Fix Lot to use if Autolot is disable
• Max Spread : Maxi spread allowed to open a new trade

• Stoploss : Stoploss distance
• Risk/Reward ratio : Multiplicator factor to calculate the takeprofit distance depending on the distance from the stoploss
• Period 1 : Jaw Period
• Period 2 : Teeth Period
• Period 3 : Lips Period

• Use trailing stop : Activate the trailling stop option
• Trailing Start : Necessary amount of points from an order Open price for setting a trailing stop
• Trailing Size : Trailing step in points

• Display Panel : Display or not the info panel on chart (better to use false to improve speed of backtest)
• Minimum lotsize for this actif : Minimum lotsize for this actif (could be 0,10 with cent account)
• Lotsize Decimal : Number of decimal of your lotsize

• Display profit on Chart : Display or not the info panel on chart (better to use false to improve speed of backtest)
• Display net profit or not : Choose to display the win or loss profit without swap and commission charges
• Profit font color : Font color of win profit on chart
• Loss font color : Font color of loss profit on chart
• Font Size : Font size
• Font Name : Font name

GENERAL RECOMMENDATIONS 

• If Autolot mode is disabled, use the tester to found the best lotsize size depending of your deposit
• Don't panic if the EA advisor loses money at times. It is part of the normal trading cycle.
• Use only for GBPUSD on H4 TimeFrame
• Always use VPS
• Download Demo And Test before
• Download history before backtest (Press F2, find currency pair, then Download). Backtest with model: Every tick.

Important Note : Past performance of the EA does not guarantee future results.


My recommended brokers : VantageFX / Roboforex