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Profitable EA Manhattan Pro expert advisor

3.00 star(s) 2 Votes

bhushansky

Well-Known Member
Forex Review of Manhattan PRO 4.5 Advisor
Advisor "Manhattan PRO" at first glance a typical representative of the "net" working using the Martingale principle. This is neither good nor bad, but it is important to know.
This principle increases many times the risk, but also profitability.
Let's see if everything is so “typical” in Manhattan PRO

Working Principle - Trading System
Many newcomers, but to be honest, and many pros who consider themselves to be scared away by Martingale, as this principle is perceived as the basis of the trading system.
You need to understand that the Martingale principle is not a trading system, but a money management system i.e. lot size management system. More about this below, but first about the trading system.

What is a trading system?
These are the rules, the system by which Forex advisors decide on entering and exiting the market. And here we see the important difference between the Project Manhattan and the classic netizens.
The EA expects a strong movement (powerful impulse) and enters in the opposite direction.

If TP is not taken, then on the next signal, the adviser averages the position by increasing the lot by a factor (many are used to calling it the Martingale principle, but this is not entirely true, since Martingale multiplied the next bet by 2, we have a maximum factor of 1.5 and different for all pairs - depends on volatility)

Advisor works simultaneously in both directions - hedging.
  • It does not build a grid, but always waits for a signal to enter! The signal is a unique candlestick pattern.
  • In the parameters, the StepPips setting is responsible only for the minimum distance between orders, but the maximum is not limited by anything .
Thus, it can withstand drawdowns of several thousand pips while opening 3-5 orders, which gives a reasonable drawdown in most cases, where the classic grid (ilan, autoprofit, grid) will already lose the deposit.

There is also a function DymanicStep which increases the minimum distance between orders according to the formula StepPips = StepPips * order serial number. Those. the more open orders the greater the minimum step.

Details about each parameter can be found below in the description of the settings.

Principle of work - Money Management
To increase the mathematical expectation, the Martingale principle is used, which, when used wisely, makes it possible to increase the percentage of winning trades up to 70-85%.
Unfortunately, using classic money management, this cannot be achieved.
What is reasonable use?
For convenience, the adviser comes with several sets of SET files that will allow you to work in different modes for different initial deposits.

Forex Backtest Advisor Manhattan PRO
The first thing to understand: backtests do not guarantee that the adviser is profitable.
Moreover, the bulk of developers can only provide backstests with a beautiful schedule whose secret is simple - optimization for the historical period!
The only thing that makes backstest clear is that the trading system of the adviser can, at least theoretically, be profitable.
How do I conduct backtests and select the optimal parameters?

Backtest pair EURUSD
Testing period 01/05/2015 - 01/05/2017 - two years.
Initial deposit of 10,000,
Fixed lot,
Timeframe M5

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120852

1592652743589.png

Backtest pair EURUSD
Testing period 01/05/2015 - 01/05/2017 - two years.
Initial deposit of 10,000,
Settlement lot - percentage of the deposit,
Timeframe M5

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120900

1592652768740.png


Backtest pair EURUSD

Testing period 04/30/2015 - 04/27/2017 - two years.

Initial deposit of 3000,

Fixed lot,

Timeframe M15

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m15/121047

1592652796142.png


Backtest pair AUDUSD

Testing period 04/30/2015 - 04/27/2017 - two years.

Initial deposit of 3000,

Fixed lot,

Timeframe M15

http://www.myfxbook.com/strategies/manhattan-pro-45-audusd-m15/121050

1592652816811.png
What do we see from the backtests?
  1. The strategy is viable
  2. A rare adviser with the Martingale principle can show more than a year without a complete loss of deposit
  3. Profit factor high
  4. Percentage of winning trades over 70%
But what will trading on real accounts show us? Let's watch!

Monitoring Forex live accounts advisor Manhattan PRO
1592652915576.png

More than 10 monitors on real accounts can be found here:

http://www.myfxbook.com/members/romsesua

What do we see on real accounts? They are not much different from backtests!
Good profit factor and a high percentage of profitable trades.
And most importantly, the adviser works in plus a long period!
For those who are not familiar with me, I suggest reading the reviews that real traders left on this page

How to achieve such a result?

Recommendations on deposit and type of accounts
  1. With a deposit of 30 to 100 USD on a cent account with Instaforex .
  2. Continue from $ 100 in a cent account with Weltrade
  3. When your deposit is from 1000 USD, open a PRO-CENT account with RoboForex or a classic Insta.Standart account with InstaForex
  4. If your deposit is more than 3000 USD, then open a PRO account at Weltrade
Trading recommendations
It all depends on your deposit, the degree of risk and the desired profitability.
Low risk:
Deposit 10 000 USD ($ 100 in a cent account)
Trading on EUR / USD
Timeframe M5
LotSize 0.01

Medium risk:
Deposit 10 000 USD ($ 100 in a cent account)
Trading on EUR / USD, AUD / USD
Timeframe M5
LotSize 0.01

High risk:
Deposit 7000 USD ($ 70 on a cent account)
Trading on EUR / USD, AUD / USD pairs
Timeframe M5
LotSize 0.02
 

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Forex Review of Manhattan PRO 4.5 Advisor
Advisor "Manhattan PRO" at first glance a typical representative of the "net" working using the Martingale principle. This is neither good nor bad, but it is important to know.
This principle increases many times the risk, but also profitability.
Let's see if everything is so “typical” in Manhattan PRO

Working Principle - Trading System
Many newcomers, but to be honest, and many pros who consider themselves to be scared away by Martingale, as this principle is perceived as the basis of the trading system.
You need to understand that the Martingale principle is not a trading system, but a money management system i.e. lot size management system. More about this below, but first about the trading system.

What is a trading system?
These are the rules, the system by which Forex advisors decide on entering and exiting the market. And here we see the important difference between the Project Manhattan and the classic netizens.
The EA expects a strong movement (powerful impulse) and enters in the opposite direction.

If TP is not taken, then on the next signal, the adviser averages the position by increasing the lot by a factor (many are used to calling it the Martingale principle, but this is not entirely true, since Martingale multiplied the next bet by 2, we have a maximum factor of 1.5 and different for all pairs - depends on volatility)

Advisor works simultaneously in both directions - hedging.
  • It does not build a grid, but always waits for a signal to enter! The signal is a unique candlestick pattern.
  • In the parameters, the StepPips setting is responsible only for the minimum distance between orders, but the maximum is not limited by anything .
Thus, it can withstand drawdowns of several thousand pips while opening 3-5 orders, which gives a reasonable drawdown in most cases, where the classic grid (ilan, autoprofit, grid) will already lose the deposit.

There is also a function DymanicStep which increases the minimum distance between orders according to the formula StepPips = StepPips * order serial number. Those. the more open orders the greater the minimum step.

Details about each parameter can be found below in the description of the settings.

Principle of work - Money Management
To increase the mathematical expectation, the Martingale principle is used, which, when used wisely, makes it possible to increase the percentage of winning trades up to 70-85%.
Unfortunately, using classic money management, this cannot be achieved.
What is reasonable use?
For convenience, the adviser comes with several sets of SET files that will allow you to work in different modes for different initial deposits.

Forex Backtest Advisor Manhattan PRO
The first thing to understand: backtests do not guarantee that the adviser is profitable.
Moreover, the bulk of developers can only provide backstests with a beautiful schedule whose secret is simple - optimization for the historical period!
The only thing that makes backstest clear is that the trading system of the adviser can, at least theoretically, be profitable.
How do I conduct backtests and select the optimal parameters?

Backtest pair EURUSD
Testing period 01/05/2015 - 01/05/2017 - two years.
Initial deposit of 10,000,
Fixed lot,
Timeframe M5

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120852

View attachment 8803

Backtest pair EURUSD
Testing period 01/05/2015 - 01/05/2017 - two years.
Initial deposit of 10,000,
Settlement lot - percentage of the deposit,
Timeframe M5

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120900

View attachment 8804


Backtest pair EURUSD

Testing period 04/30/2015 - 04/27/2017 - two years.

Initial deposit of 3000,

Fixed lot,

Timeframe M15

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m15/121047

View attachment 8805


Backtest pair AUDUSD

Testing period 04/30/2015 - 04/27/2017 - two years.

Initial deposit of 3000,

Fixed lot,

Timeframe M15

http://www.myfxbook.com/strategies/manhattan-pro-45-audusd-m15/121050

View attachment 8806
What do we see from the backtests?
  1. The strategy is viable
  2. A rare adviser with the Martingale principle can show more than a year without a complete loss of deposit
  3. Profit factor high
  4. Percentage of winning trades over 70%
But what will trading on real accounts show us? Let's watch!

Monitoring Forex live accounts advisor Manhattan PRO
View attachment 8808

More than 10 monitors on real accounts can be found here:

http://www.myfxbook.com/members/romsesua

What do we see on real accounts? They are not much different from backtests!
Good profit factor and a high percentage of profitable trades.
And most importantly, the adviser works in plus a long period!
For those who are not familiar with me, I suggest reading the reviews that real traders left on this page

How to achieve such a result?

Recommendations on deposit and type of accounts
  1. With a deposit of 30 to 100 USD on a cent account with Instaforex .
  2. Continue from $ 100 in a cent account with Weltrade
  3. When your deposit is from 1000 USD, open a PRO-CENT account with RoboForex or a classic Insta.Standart account with InstaForex
  4. If your deposit is more than 3000 USD, then open a PRO account at Weltrade
Trading recommendations
It all depends on your deposit, the degree of risk and the desired profitability.
Low risk:
Deposit 10 000 USD ($ 100 in a cent account)
Trading on EUR / USD
Timeframe M5
LotSize 0.01

Medium risk:
Deposit 10 000 USD ($ 100 in a cent account)
Trading on EUR / USD, AUD / USD
Timeframe M5
LotSize 0.01

High risk:
Deposit 7000 USD ($ 70 on a cent account)
Trading on EUR / USD, AUD / USD pairs
Timeframe M5
LotSize 0.02
well done:love:
 
Do you perhaps have results shown in English. I don't understand the language. Impressive results must say!!
 
Forex Review of Manhattan PRO 4.5 Advisor
Advisor "Manhattan PRO" at first glance a typical representative of the "net" working using the Martingale principle. This is neither good nor bad, but it is important to know.
This principle increases many times the risk, but also profitability.
Let's see if everything is so “typical” in Manhattan PRO

Working Principle - Trading System
Many newcomers, but to be honest, and many pros who consider themselves to be scared away by Martingale, as this principle is perceived as the basis of the trading system.
You need to understand that the Martingale principle is not a trading system, but a money management system i.e. lot size management system. More about this below, but first about the trading system.

What is a trading system?
These are the rules, the system by which Forex advisors decide on entering and exiting the market. And here we see the important difference between the Project Manhattan and the classic netizens.
The EA expects a strong movement (powerful impulse) and enters in the opposite direction.

If TP is not taken, then on the next signal, the adviser averages the position by increasing the lot by a factor (many are used to calling it the Martingale principle, but this is not entirely true, since Martingale multiplied the next bet by 2, we have a maximum factor of 1.5 and different for all pairs - depends on volatility)

Advisor works simultaneously in both directions - hedging.
  • It does not build a grid, but always waits for a signal to enter! The signal is a unique candlestick pattern.
  • In the parameters, the StepPips setting is responsible only for the minimum distance between orders, but the maximum is not limited by anything .
Thus, it can withstand drawdowns of several thousand pips while opening 3-5 orders, which gives a reasonable drawdown in most cases, where the classic grid (ilan, autoprofit, grid) will already lose the deposit.

There is also a function DymanicStep which increases the minimum distance between orders according to the formula StepPips = StepPips * order serial number. Those. the more open orders the greater the minimum step.

Details about each parameter can be found below in the description of the settings.

Principle of work - Money Management
To increase the mathematical expectation, the Martingale principle is used, which, when used wisely, makes it possible to increase the percentage of winning trades up to 70-85%.
Unfortunately, using classic money management, this cannot be achieved.
What is reasonable use?
For convenience, the adviser comes with several sets of SET files that will allow you to work in different modes for different initial deposits.

Forex Backtest Advisor Manhattan PRO
The first thing to understand: backtests do not guarantee that the adviser is profitable.
Moreover, the bulk of developers can only provide backstests with a beautiful schedule whose secret is simple - optimization for the historical period!
The only thing that makes backstest clear is that the trading system of the adviser can, at least theoretically, be profitable.
How do I conduct backtests and select the optimal parameters?

Backtest pair EURUSD
Testing period 01/05/2015 - 01/05/2017 - two years.
Initial deposit of 10,000,
Fixed lot,
Timeframe M5

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120852

View attachment 8803

Backtest pair EURUSD
Testing period 01/05/2015 - 01/05/2017 - two years.
Initial deposit of 10,000,
Settlement lot - percentage of the deposit,
Timeframe M5

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120900

View attachment 8804


Backtest pair EURUSD

Testing period 04/30/2015 - 04/27/2017 - two years.

Initial deposit of 3000,

Fixed lot,

Timeframe M15

http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m15/121047

View attachment 8805


Backtest pair AUDUSD

Testing period 04/30/2015 - 04/27/2017 - two years.

Initial deposit of 3000,

Fixed lot,

Timeframe M15

http://www.myfxbook.com/strategies/manhattan-pro-45-audusd-m15/121050

View attachment 8806
What do we see from the backtests?
  1. The strategy is viable
  2. A rare adviser with the Martingale principle can show more than a year without a complete loss of deposit
  3. Profit factor high
  4. Percentage of winning trades over 70%
But what will trading on real accounts show us? Let's watch!

Monitoring Forex live accounts advisor Manhattan PRO
View attachment 8808

More than 10 monitors on real accounts can be found here:

http://www.myfxbook.com/members/romsesua

What do we see on real accounts? They are not much different from backtests!
Good profit factor and a high percentage of profitable trades.
And most importantly, the adviser works in plus a long period!
For those who are not familiar with me, I suggest reading the reviews that real traders left on this page

How to achieve such a result?

Recommendations on deposit and type of accounts
  1. With a deposit of 30 to 100 USD on a cent account with Instaforex .
  2. Continue from $ 100 in a cent account with Weltrade
  3. When your deposit is from 1000 USD, open a PRO-CENT account with RoboForex or a classic Insta.Standart account with InstaForex
  4. If your deposit is more than 3000 USD, then open a PRO account at Weltrade
Trading recommendations
It all depends on your deposit, the degree of risk and the desired profitability.
Low risk:
Deposit 10 000 USD ($ 100 in a cent account)
Trading on EUR / USD
Timeframe M5
LotSize 0.01

Medium risk:
Deposit 10 000 USD ($ 100 in a cent account)
Trading on EUR / USD, AUD / USD
Timeframe M5
LotSize 0.01

High risk:
Deposit 7000 USD ($ 70 on a cent account)
Trading on EUR / USD, AUD / USD pairs
Timeframe M5
LotSize 0.02
very nice eaOk handOk handOk hand
 

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