Robots Preview – HiRIDER

HiRider opens multiple trades each day on strong intra-day trends, usually closing the trade within minutes or hours and occasionally reversing the trade. Although the profit target is rather small and trade time often short, I would not call this EA a scalper, more like an intra-day swing trading strategy.

One currency pair only is traded, the most liqiud of all.. EUR/USD. The EA contains a strategy that has the ability to open a long and short at the same time, and have both closing seperately within a short time period of each other at a profit! Very neat indeed.

 

Lot sizes appear to be based on current technicals rather than money management of the trading account, but this may become an option in the production version. Personally, I prefer compounding account money management techniques.

Fixed S/L and T/P are set for each trade, but a trailing stop is also used, so anyone trading with HiRider would be well advised to run the Metatrader trading platform on a Virtual Private Server… saves on sleepless nights!

HiRider has an extremely high profit trades percentage, 277 trades for 272 profit making and only 5 with a loss! These figures are partly offset by the average profit of $3.55 vs $17 average loss, nevertheless, an ROI of 88% is something to kill for.

Add to this a tiny max drawdown of 3.26% and you have one hell-uva money making machine that shows all the signs of being a runaway winner for a long time to come. This is my favorite and I advise everyone listening to get it now while it’s still available!