Elephant’s trading advisor is one of the most expensive paid advisors from the FreshForex broker, this is what attracted our attention (although the broker also offers free advisors). Its price is 350 dollars. The United States and the company have a copyright on it, as its analysts are the developers of the robot. From time to time FreshForex will hold promotions, offering the adviser free of charge to each new trader. But judging by the fact that the program has not appeared in free access, the copyright is strictly controlled by the broker. As well as the detailed essence of the basic strategy. We recommend periodically visiting the FreshForex website and following up on the appearance of new promotions.
Advisor The Elephant is a stable advisor with martingale elements
Elephant (the name “Elephant” means stability and power) completely eliminates the psychological factor. The program is reliable, although drawdowns happen, but not so strong that doubts have arisen about the reliability of the broker. The Elephant Expert Advisor uses signals to enter the market using standard MT4 classic indicators: MACD, RSI, CCI, stochastics, moving averages. In case of losses, an increase in the rate of the Martingale calculator occurs (although the exact rate of increase in the lot is not reported). About half of the settings relate to trailing stop and money management.
Elephant Trading Terms:
- currency pair – $. US / Euro;
- The recommended deposit is from 2000 dollars. United States.
The following is the deposit curve with MT4 over the testing period of 12 months (for 2016).
The main settings of the advisor are Elephant:
- Lot, LotExponent, MM, MaxLots, TotalEquityRisk and up to 10 settings – all these are the parameters of personal mari management. Their detailed description is attached with the advisor;
- MaxTrades_Ilan1 – the maximum number of deals for the first strategy (there are three of them altogether);
- UseTrailingStop_1 – permission to use trailing stop. Two accompanying parameters set the number of points before the start of the trailing and the number of points of the stop;
- PipStep_Ilan_1 – distance between orders;
- slip_Ilan_1 is the amount of allowed slippage in pips.
For the other 2 strategies, the settings are similar.
Summary. Free advisors are a great chance to lose money, paid advisors to a broker are profitable to sell exclusively profitable ones, since this is a brand reputation. There is no Elephant advisor in free access (and hardly anyone will give money for a product for which such money is paid). But there are positive reviews. Since the beginning of 2017, when many trading systems showed a loss, the adviser slowly but surely brought about 1.7-1.9% per month. It’s up to you to buy it or not, but if you work with an advisor, FxCash rebate service can 100% guarantee you a partial refund of the spread.
FxCash and FreshForex – together more profitable!