VR Black Box - always follow the price

Review

VR Black Box is an automated trading strategy based on the price movement method. The trading strategy is similar to the swing strategy, if we made a wrong purchase, then we make a sale. Algorithms for protection against high-risk situations is an interesting feature of this program. VR Black Box uses real Stop Loss and Take Profit levels, and can also use virtual levels, while using real levels, the expert adviser hides virtual levels. I started developing this trading strategy in 2009. A large number of improvements and modifications have been implemented in the VR Black Box expert adviser over this more than ten-year period.

How does VR Black Box expert adviser work?

The making-profit strategy used in price tracking trading is inherently very simple and is described as follows:

• Does the price go up? Buy the same volume, set Take Profit and Stop Loss.
• Does the price fall? Sell the same volume, set Take Profit and Stop Loss.
• If the last trade was closed with a loss, then increase the lot for the next trade to compensate for the loss from the previous trade and make a profit.

Algorithm of operation

The following algorithms are implemented in the expert adviser:

• Algorithm for different operating modes:
• The automatic mode: the expert adviser operates in this mode without the participation of a trader, the expert adviser performs all the trading operations independently. The trader's task is just to monitor the expert adviser operation.
• The manual mode: this mode allows the trader to open the first position on its own, and if a position is closed due to stop loss, the expert adviser will automatically continue trading in order to compensate for the loss. The manual mode is the perfect choice for novice traders and traders who prefer manual trading. Trading results are significantly improved when using the manual trading mode.
• The algorithm for choosing the lot calculation: when running the expert adviser, a trader can choose to calculate a lot by a percentage of the balance or a fixed constant lot.
• The lot reset algorithm: if the lot being calculated by the expert adviser exceeds the one set by the trader, the calculated lot will be reduced to the maximum lot set.
• The lot increasing algorithm for a negative trade: the trader can itself set the degree of increase in the next lot.
• The algorithm for hiding virtual Stop Loss and Take Profit levels using real levels.
• The algorithm for calculating the extended spread.
• Trading algorithm taking into account the appearance of a new period.
• indicator signal-based trading algorithm, including custom indicator signal-based trading algorithm.
• The algorithm for smartphone notifications for a trader in relation to trade transactions.
• Algorithm for trading on any financial instruments (Forex, Crypto, CFD, Futures, Metals).
• Other algorithms that improve the expert adviser performance.

Profitability

Recommendations

Settings

• Lot calculation settings
  • Lot calculation type (Fixed or Percentage): this setting allows you to specify how the lot is calculated. If you select "Fixed Lot", then in the "Lot Value" field you need to specify the initial lot value. If you specify "Percentage Lot", then in the "Lot Value" field, you should specify the value in percentage. In this case, the lot will be automatically calculated based on the percentage of the balance.
  • Lot value: when calculating a lot of the "Fixed Lot" type, 0.01, 0.5 and so on is specified, and the specified value will be used in trading. When calculating a lot of the "Percentage Lot" type, 0.1, 1, 10 and so on is specified, and the lot will be calculated in trading based on the balance.
  • Resetting the lot to the specified value if the new lot exceeds the specified value: this setting allows you to automatically reset the lot to the specified value if the new calculated lot exceeds the specified value.
  • Lot multiplier: this parameter allows you to set the degree of increase in a lot after a loss. You can specify any values: 1.3, 2.5 and others.
• Trading type settings
  • Trading type - Automatic Trading: allows you to trade without the trader's intervention. The expert adviser operates non-stop in this mode. Manual trading: this mode allows you to enter a trade. If the last trade of the trader is unprofitable, the expert adviser will enter into the trade and make the result profitable automatically. For manual trading, you must specify the value 0 in the MagicNumber parameter.
• Take Profit and Stop Loss settings
  • The type of TakeProfit and StopLoss levels – Real Levels – when using this type of levels, the expert adviser will automatically set real stop loss and take profit levels. These levels are saved on the broker's server and can be worked out if your terminal has been disabled. Virtual levels – when using this type of trading, the expert adviser sets real levels higher than those specified in the expert adviser's settings, but at the same time the expert adviser closes positions according to the set levels. Thus, it turns out that the broker expects to close at real levels and it closes at virtual levels. If your broker can manipulate the price or the spread, then the broker will not be able to harm you in any way using this mode. 
  • 4/5 Take Profit – value in points to fix the profit.
  • 4/5 Stop Loss – the value in points to fix the loss.
  • 4/5 Maximum spread: if the spread on a financial instrument exceeds the set one, the expert adviser will not do anything.
• Trading strategies
  • To consider the new bar when trading?: this setting allows you to open orders and positions only when a new time period occurs. When this setting is enabled, the expert adviser becomes dependent on the timeframe on which it is set.
  • Minutes post-losing position time-out: this setting allows you to set the time interval between opening positions after a losing one. This interval helps the expert adviser to wait out flat periods.
  • 4/5 points post-losing position distance: this setting allows you to set the distance to open the next position if the last position was closed with a loss. This setting also allows the expert adviser to wait out flat periods.
  • Trading strategy type: trading strategies allow you to choose one of several pre-programmed trading strategies or connect your own indicator to send signals to the expert adviser.
  • Indicator period: Donchian, CCI, Ma1 – settings of the first group of indicators.
  • Indicator period: Ma2 – settings of the second group of indicators.
• Other settings
  • To display plot and levels?: this setting allows you to plot the data panel and levels.
  • Notification type: this setting allows you to configure the receipt of e-mail, smartphone or terminal notifications.
  • Position comments: this setting allows you to set your own comments for positions.
  • MagicNumber: a unique number which the expert adviser uses to mark its positions and thanks to which the expert adviser can find the positions opened by it or another expert adviser.
  • 4/5 Slippage: this setting allows you to set the amount of slippage.

Video

Updates

What's in the archive

For MetaTrader 4

• VR-Black-Box-RU.ex4 - Russian Program File
• VR-Black-Box-EN.ex4 - English Program File

For MetaTrader 5

• VR-Black-Box-RU.ex5 - Russian Program File
• VR-Black-Box-EN.ex5 - English Program File

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