Forex Expert Advisor EA subscription per 3 months. Forex Warrior Profitable forex robot. The Forex Warrior program is built for those looking for stable profits and easily to manipulate features. Forex Warrior strategy does NOT use a scalping or short term trading technique.

Main features of Forex Warrior:

As a Grid Trader, Forex Warrior usually opens several trades of different volume in one direction. The group of such trades will be referred to as the basket. The individual trades in the basket will be called levels. If the price moves against the basket, Forex Warrior adds new levels to the basket. All trades in the basket have a common takeprofit level, which is repeatedly re-adjusted when a new level is added. When the price reaches the takeprofit level, all orders in the basket are simultaneously closed and a new basket is opened.

Each new level of the basket, starting with the 3rd level, is opened with the increased lot size as compared to the lot size of the previous level. The actual lot size is calculated from the base 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 takeprofit value.

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, Buy and Sell, 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, see Settings manual). In the case of a No-Hedge broker, you are advised to use two copies of Forex Warrior, working in the two different directions on two different accounts. For users that prefer a more conservative trading, Forex Warrior has an option to open a new basket only in the direction of the trend (for this, flag OpenOnlyOnTrend should be set to TRUE, see Settings manual).

While trading simultaneously in both directions, Forex Warrior takes care of the market conditions. When a trending market is detected, the base number of lots for the new basket and the takeprofit value of the basket are adjusted accordingly.

Forex Warrior has great assortment of features that allow you to adjust risks according to your personal preferences and to protect your account balance. First of all, as a general rule, Forex Warrior should never be used without setting the maximal drawdown limit allowed in trading. The variables MaxDD and MaxDDPerCent (see Settings manual) allow you to specify the maximal allowed drawdown in base currency units and in % of the account balance. This is a way to select the portion of the account you wish to risk in your trade. Forex Warrior needs to use a large portion of your account to trade but it should not go beyond 50% of the account if proper settings and money management (see Money Management manual) are used.

Forex Warrior has an in-build safety procedure that checks, before placing a new grid level, that the amount of money available is sufficient for placing the new order and for the following price move against the basket until the next grid level. If it is not the case, the low equity flag will be set, no new grid levels will be opened in this basket, and the trading will be stopped after all open baskets are closed. This procedure is switched on/off by the flag CheckEquity (see Settings manual).

All orders in the basket have individual stoploss levels. If the trend continues against the basket for a long time, the individual stoplosses will automatically close the oldest trades in the basket, which have little chance to get in profit and only increase the overall drawdown. Beside the individual stoploss levels for each order, Forex Warrior has a possibility to assign the stoploss level for the whole basket. This option is switched on by the variable BasketStopLoss (see Settings manual). This variable sets up the stoploss level of the highest order of the basket (specified by the MaxGridLevel variable). This option closes the whole basket if the price reaches a given point against the basket. This is another way to control the maximum drawdown allowed in your trading. 

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING.

ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading.

All information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the ForexWarrior team and any authorized distributors of this information harmless in any and all ways.