Download Manhattan PRO

Manhattan PRO

Working Principle - Trading System
Many newcomers, to be honest, and many pros who consider themselves to be scared away by Martingale, since this principle is perceived as the basis of the trading system.

You need to understand that the Martingale principle is not a trading system, but a money management system i.e. lot size management system. More about this below, but first about the trading system.

What is a trading system?

These are the rules, the system by which Forex advisors decide on entering and exiting the market.

And here we see an important difference between the Project Manhattan and the classic netizens.

The EA expects a strong movement (powerful impulse) and enters in the opposite direction.

[UPDATE] The new mode allows you to enter not against, but in the direction of the impulse - along the trend!

If TP is not taken, then on the next signal the adviser averages the position by increasing the lot by a factor (many are used to calling it the Martingale principle, but this is not entirely true, since Martingale multiplied the next bet by 2, we have a maximum factor of 1.5 and different for all pairs - depends on volatility)

Advisor works simultaneously in both directions - hedging.

• It does not build a grid, but always waits for a signal to enter! The signal is a unique candlestick pattern.
• In the parameters, the StepPips setting is responsible only for the minimum distance between orders, but the maximum is not limited by anything .

Thus, it can withstand drawdowns of several thousand pips while opening 3-5 orders, which gives a reasonable drawdown in most cases, where the classic grid (ilan, autoprofit, grid) will already lose the deposit.

There is also a function DymanicStep which increases the minimum distance between orders according to the formula StepPips = StepPips * order serial number. Those. the more open orders the greater the minimum step.

Details about each parameter can be found below in the description of the settings.

Principle of work - Money Management
To increase the mathematical expectation, the Martingale principle is used, which, when used wisely, makes it possible to increase the percentage of winning trades up to 70-85%.

Unfortunately, using classic money management this cannot be achieved.

What is reasonable use?

For convenience, the adviser comes with several sets of SET files that will allow you to work in different modes for a different initial deposit.

Forex Backtest Advisor Manhattan PRO
The first thing to understand: backtests do not guarantee that the adviser is profitable.

Moreover, the bulk of developers can only provide backstests with a beautiful schedule whose secret is simple - optimization for the historical period!

The only thing that makes the backstest clear is that the trading system of the adviser can at least theoretically be profitable.

How do I conduct backtests and select the optimal parameters?

I’ll soon prepare for you material on how to correctly check advisers: tests, optimization, forward tests, real-time withdrawal, but for now in a nutshell:

• Optimization for a period of 3-6 months
• Tests of optimized results for a period of 2-3 years
• Choosing the best result by profit factor with a drawdown of up to 30 percent of the initial depot, and not relative!
  

Backtest pair EURUSD

Testing period 01/05/2015 - 01/05/2017 - two years.

Initial deposit of 10,000,

Fixed lot,

Timeframe M5

https://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120852
https://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m5/120900
http://www.myfxbook.com/strategies/manhattan-pro-45-eurusd-m15/121047
http://www.myfxbook.com/strategies/manhattan-pro-45-audusd-m15/121050
http://www.myfxbook.com/strategies/manhattan-pro-45-audusd-m5/121049
Trading recommendations
It all depends on your deposit, the degree of risk and the desired profitability.

I strongly recommend closing the trade in the last week of the month and starting trading from the second week of the month.
Thus, we trade from the 7th-9th to the 25th-27th of each month

Low risk:
Deposit 10 000 USD ($ 100 on a cent account)
Trading on EUR / USD
Timeframe M5
LotSize 0.01

Medium risk:
Deposit 10 000 USD ($ 100 on a cent account)
Trading on EUR / USD, AUD / USD
Timeframe M5
LotSize 0.01

High risk:

Deposit 7000 USD ($ 70 on a cent account)
Trading on EUR / USD, AUD / USD pairs
Timeframe M5
LotSize 0.02