Mql5 championship – JPAlonso expert advisor analysis

The next Expert Adviser that we are going to observe is used by JPAlonso – El Trader (EURUSD, 1 hour). This participant is on the first place of the temporary standings. He has current results around 76k.

Due to a technical problem, the expert began working until October 8 and yet it is leading in the championship standings. By the transactions and the four words of the expert description, we see that the participant uses market orders that are against the trend. All orders have StopLoss around 77 and TakeProfit at 127.


JPAlonso expert advisor analysis
Besides, it appears that the expert is constantly in the market, which in its turn means that it is used only one indicator that can accept two values- up or down.

Upon exiting from the market, this indicator is checked. Then the trading system re-enters the position, depending on the indicator’s values.








Jpalonso forex expert advisor

Analysis of the new leader -FIFO expert adviser analysis

n the following few articles we are going to focus on a certain number of participants that took part in the Automated Trading Championship 2012. We are going to make some brief analysis of their strategies, on the basis of particular deals, and to find the basic methods for using their systems. We are not supposed to observe the participants’ work in very small details, because their systems are optimized for specific periods, therefore it is important to understand the main idea, not the specific parameters. It is not our purpose to represent participants’ systems in a complete accurate way. FIFO expert advisor analysis

The expert ice_rain_ATC2012 began trading on October 1, 2012 at 0:00.
The market situation in this particular time is depicted on the picture below:
http://forexzig.com/wp-content/uploa...2/11/fifo1.png FIFO expert advisor analysis

It is then placed one buy stop order and one sell stop order, each with Stop 30 and TakeProfit 90, as depicted on the second picture:
http://forexzig.com/wp-content/uploa...2/11/fifo2.png FIFO expert advisor analysis

We see that for a long position entrance, it is selected a local top, and analogically – for short position it is selected local bottom.
In the realization of the sell stop order, the buy stop order is deleted and it is used trailing stop of about 22 pips, as it is shown in the picture 3.


FIFO expert advisor analysis