Advisor name: SkyNet
Year of issue: December 2019
Currency pairs: any
Timeframe: it doesn’t matter
Trading time: around the clock
How it works: monkey in 2 multidirectional strategies
Description: Taken from the advisor’s website ” At the first stage, with the maximum grid of orders, the auxiliary Last Back grid of orders is triggered, which earns along the trend and restrains the drawdown, then if this is not enough and the price continues the negative trend, the second stage of protection enters the work.
A locking order is bought at 4% drawdown according to the strategy, which stops the drawdown by 4% (IMPORTANT! Trading must be carried out on a swap-free account!)
From the moment of buying a locking order, all income from other currency pairs and trading efforts, including from the Last Back grid, goes to the partial sale of main orders and locking orders of a losing strategy (the amount of funds for redemption is regulated in the settings in%) Thus, we begin to reduce the lock …
If the trend continues to move negatively through a specified number of points, the EA places a positive stop loss at the locking order, then if the price reverses, we sell the locking order with a profit, then the EA places a take profit at the main grid of orders and closes the strategy with a profit.
In connection with this approach, the maximum drawdown that we can see for one of the strategies is 4%, including when the price reversals, we automatically remove the lock and close the strategy by TP. In the event that we have no recoil, we make money on the trend using the Last Back grid and sell the locked strategy along the way “