How to work with AutoProfit 3.0

The AutoProfit 3.0 Expert Advisor is a martingale grid, which automatically classifies it as aggressive and high-risk robots. It does not belong to new products, and the trading technique cannot be called revolutionary, but after optimization it brings profit – this is the main thing. We have already analyzed AutoProfit 3.0 earlier, but recently we managed to find new profitable settings, so the Expert Advisor is back in service.

How AutoProfit 3.0 Trades

The robot does not use a complex algorithm for finding the first entry point. The developer informs that the Expert Advisor determines it by the indicator “embedded” in the code. The work is carried out with a fixed take profit, if the chart moves in the desired direction, the deal is closed at the take. This does not use a fixed stop loss. Here it is replaced by a grid of orders, which starts to build when the chart moves against the first deal. A fixed step is used (its size is set in the settings), and the robot also knows how to use martingale, increasing the volume at each level of the grid.

Martingale is not an obligatory element of the Expert Advisor, but without it, profits are significantly reduced. The EA’s survival rate also increases, but it is still advisable not to disable the martingale, but to use a not too aggressive coefficient. If martingale seems too risky for you, try working with a ready-made portfolio of 5 optimized advisors. These robots are hand-selected from 4300+ Expert Advisors available on the network, each of them comes with guaranteed working settings. To get this portfolio, just leave a request at the link below.

AutoProfit 3.0 set-up

Only the mesh parameters can be influenced through the settings. The following settings are available:

  • MMType – if the value is “1”, the mode of work with martingale is activated, “2” – work without increasing the lot at each next level of the grid;
  • LotMultiplikator – a multiplier used to calculate the lot volume at each grid level;
  • LotConst_or_not – if set to false, the lot calculation for the first deal in the grid is calculated as a percentage of the deposit. If the value is “true”, a fixed lot is used;
  • Lot – the volume of the first deal with the dynamic lot disabled;
  • RiskPercent – the volume of the first deal in the grid as a percentage of the deposit;
  • TakeProfit – take value in points;
  • Step – step between grid orders in points. Only a fixed step between levels is used;
  • MaxTrades – limit on the maximum number of grid levels;
  • UseEquityStop – if the value is “true”, the stop by equity is activated, if the equity decreases by a certain percentage, trading is stopped;
  • TotalEquityRisk – acceptable equity risk;

Magic – an ordinary magic, it is needed so as not to confuse your orders with the deals of other advisors or opened manually;

ShowTableOnTesting – if set to true, a table with the current results will be displayed while testing the robot. The settings cannot influence the algorithm for finding the entry point for the first trade, but this is not considered a critical flaw. The basis of the robot is a grid, and it is configurable quite flexibly.

Test results

Test results

There are tons of settings for AutoProfit 3.0 on the net, but all of them have lost their relevance. The deposit grows for a while, then the account is drained. This is the norm for net operators, but the profit made does not allow them to earn before the drain.

Tests have shown that the robot is still able to earn:

  • the optimized settings made it possible to increase the deposit by 5.2 times at the moment. The work was carried out on EURUSD, timeframe – лю5;
  • when a dynamic lot is activated, the starting deposit is increased to $ 2000, the risk for the first deal is 10% of the deposit. At the moment, the score grew less than 3 times – the result is worse than the previous one;
  • raising the martingale ratio to 2.0 also failed. The account was drained too quickly, at the moment it grew 2.8 times.

 

Formally, in all cases, the advisor will drain the deposit, but this is the norm. All netters sooner or later reset the account, the question is how much he earns before that. If, after tripling the initial deposit, you withdraw all the income, it turns out that the advisor allows you to earn. Let’s analyze the first test, in which the score grew 5.2 times before the drain. The starting capital of $ 1000 rose to $ 3000 at the beginning of September 2019. If trading were conducted on a real account, at that moment it would be worth withdrawing $ 2000.

Conclusion

Despite all the tricks, AutoProfit 3.0 remains a high-risk robot – this is a feature of the trading tactics on which it is built. It can be included in the portfolio, but with a number of caveats:

  • be sure to compensate for the high risk at the expense of other, more conservative robots;
  • withdraw profit regularly;
  • do not overestimate the martingale coefficient.

Under these circumstances, Autoprofit 3.0 can be useful. But if you are just starting your acquaintance with auto trading, then it is better to pay attention to the calmer Expert Advisors. We’ll talk more about this on Thursday at the webinar.