Robots Preview – SuperVolcano

A short term intra-day swing trading EA, SuperVolcano follows intra-day trends, reversing direction up to several times a day, sometimes adding to a favorable position. Uses a fixed lot size with no money management, at least during the contest, no doubt the production version will have some settings for users to play with!

SuperVolcano trades in only one currency pair, GBP/JPY, with no fixed T/P or S/L set. This helps to avoid “stop-running” by unscrupulous brokers, but means you really need to either have your computer on 24/7 or use a VPS to run your Metatrader platform on.

 

There appears to be a trailing stop mechanism which may keep some trades open for longer periods and trades are sometimes reversed following a loss. These reverse trend trades usually end up winners, very good confidence booster for nervous traders!

Most losses are very small.. the largest draw-down of nearly 5% was a one-off during the competition and may have been a missed stop, so the more typical average loss would be closer to about half the average profit trade.

With 60% profitable trades over the contest, the figures point to a sustainable ROI in excess of 33%.. nice fat profits in anyone’s language!

This EA handles the intra-day swing trading strategy with ease, and along with it’s ability to add to winning trades plus the frequency of trading make it a favorite of mine and an outstanding opportunity for anyone, experienced or not, to make ongoing profits in currency trading.