Johnnie Walker Expert Advisor is engineered to facilitate convenient trading while maintaining acceptable levels of drawdown and profitability. The system places rebate orders each time it operates in the market. When the price moves in the traderโs favor, orders are closed with a profit upon reaching the take profit (TP) target. Subsequently, a new order is opened in the same direction until a market reversal occurs.
The Advisor employs a hedging strategy that partly compensates for losses even during significant market movements. Following each locking order, an individual grid is established, which closes independently.
Drawdown Management
The Johnnie Walker Auto Gain feature automatically adjusts the grid step multiplier based on market volatility. Indicators such as ATR or CCI are utilized for this purpose. When market volatility rises, the grid multiplier increases according to the selected indicator value. Conversely, if the market is stable with minimal high movements, the indicator multiplier reduces the step to open more trades during a flat market.
Rebate lot refers to the lot used for the first order and subsequent orders in the same direction with a small amount. Rebate TP is the take profit threshold for small trades (Rebate). Once the take profit level is reached, a new order is opened in the same direction until a trend reversal happens.
Operation Parameters
The system offers a variety of functions for closing grid orders, including options like All Close, Last Two Orders, and First and Last. The lock step parameter defines the distance between the first rebate order in a drawdown and the opposite order. A larger step results in lesser drawdown and fewer trades.
Grid step indicates the distance between orders in a grid, activating only if the price moves against the initial trade direction after a locking order is placed. The grid multiplier multiplies each subsequent order in a grid. If a fixed step between orders is needed, the Grid step multiplier is set to 0. The Use Indicator multiplier function automatically adjusts the grid step multiplier based on market volatility, increasing it during high volatility to reduce drawdown.
Additional Features
Normal level is the starting point for counting indicator market volatility, with a standard setting of 0. The indicator type (ATR or CCI) can be selected based on the trading pair, such as EURUSD being more compatible with ATR. The period indicator allows for period adjustment, with a standard setting of 14. The grid lot multiplier is used solely for the grid step and adjusts automatically based on market volatility if the Use indicator multiplier option is selected. The grid maximum orders setting restricts the number of orders in a grid, with fewer orders leading to reduced drawdown. Grid take profit is the take profit level for grid orders; if trailing is preferred instead of TP, 0 is inserted. Grid stop loss defines the stop loss level, which can be disconnected by inserting 0.
The news feature requires enabling the forexprostools news provider and allowing Web requests for ec.forexprostools.com in MT4 URL settings. The Advisor halts operations before and after important news events. To disable this feature, select No. The use trailing function activates profit trailing for a grid, with options to trail all orders or only the last order. The trail step is the step in pips for trailing orders, and each step moves the stop for profitable orders forward. The trail parameter specifies the trailing distance in pips for profitable orders within a grid, starting the trail at the defined pip distance.
Independent Testing & User Experience
Independent testing of the Johnnie Walker Expert Advisor can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. Readers are encouraged to share their experiences using this product.
FAQ
What is the primary function of the Johnnie Walker Expert Advisor?
The Johnnie Walker Expert Advisor is designed for convenient trading with acceptable drawdown and profitability levels, placing rebate orders each time it operates in the market.
How does the system handle market volatility?
The Auto Gain feature adjusts the grid step multiplier automatically based on market volatility using indicators like ATR or CCI. During high volatility, the grid step increases to reduce drawdown, and during stable market conditions, it reduces to open more trades.
What options are available for closing grid orders?
The system offers several functions for closing grid orders, including All Close, Last Two Orders, and First and Last.
How can users restrict the number of orders in a grid?
The grid maximum orders setting allows users to limit the number of orders in a grid, which helps reduce drawdown.
Can the news feature be disabled?
Yes, the news feature can be disabled by selecting No in the settings.
Where can independent testing of the product be viewed?
Independent testing of the Johnnie Walker Expert Advisor can be viewed on the forexroboteasy.com website.
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