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//Comet Lite

Comet Lite

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Main differences between Comet and Comet Lite

for a professional use of the Trading System we recommend using Comet. Limitations of Comet Lite:

  1. the settings can not be changed.
  2. the news filter is not available.
  3. in the demo and live trading the robot can only do Buy Trades (in backtest it works with Buy and Sell)

what purpose does Comet Lite have? With Comet Lite you can check the quality of our Trading System for Intraday trading without buying anything. you can backtest and use it in demo trading and live on your account.

You can find Comet by Clicking Here

See also our Recommended Broker and our Recommended Vps.

The full description and the Comet Reviews are below.

Description

MT4 Backtest Video

Comet is a fully automatic Expert Advisor for Intraday Trading. Comet is based on an artificial intelligence algorithm that allows to predict and anticipate the trading Signals that it uses. In this way, the expert advisor is able to get a very high-rate of winning trades Over 70%.

The Expert was tested on the whole available historical period of many currency pairs with good results. You can download the demo and test it yourself. My tests were performed with the real tick date with 99,90% accuracy, actual spread, and additional slippage.

I have also test in mt5 Strategy Tester with the default spread and all the ticks, you can find the Backtest in the images

There are also many interesting available features and I recommend looking at the parameters section to read the explanations.

The link to be included in the Web Request for the news filter is as follows: http://ec.forexprostools.com   and   https://time.is/it/GMT  (for Auto Gmt Detect). Tutorial for Insert Link

Recommendations

  1. The Recommended Timeframe is M1.
  2. The Recommended pairs are EURUSD.
  3. Default Settings are the best for Ecn brokers.
  4. You can see our recommended broker by Clicking Here
  5. You can use any time of leverage and the recommended minimum deposit starts from $1000, as evidenced in the EURUSD backtest.
  6. Vps is recommended, to see our recommended vps Click Here
  7. you can find the full description and reviews of our customers below.

Parameters

  • Key: License number to enter, you will find this number in the email along with the robot.
  • Max Spread: maximum spread to trade.
  • Magic Number: ID number of the orders.
  • Money Management Settings
  • Lots: number of lots if the money management option is disabled.
  • Money Management: if true enables the money management option.
  • Risk Percent: if the money management option is enabled, it indicates the risk percentage.
  • Max Pyramid Order: maximum allowed position at the same time.
  • Coeff Pyramid: Position increase coefficient.
  • Min Distance: Min Distance For new Position.
  • Take Target: Basket Profit target in points.
  • Stop Target: Basket Loss target in points.
  • Custom Comment: personalized comment for each order.
  • Auto UTC: Auto UTC Detect.
  • Broker UTC = Usually 2, contact me if you’re not sure.
  • Enable News Filter: if true enables news filter.
  • Enable High Impact News: if true enables news filter on High impact news.
  • Stop Minutes after High Impact News: Minutes after news for stop trading.
  • Stop Minutes Before High Impact News: Minutes before news for stop trading.
  • Enable Medium Impact News: if true enables news filter on Medium impact news.
  • Stop Minutes after Medium Impact News: Minutes after news for stop trading.
  • Stop Minutes Before Medium Impact News: Minutes before news for stop trading.
  • Enable Low Impact News: if true enables news filter on Low impact news.
  • Stop Minuts after Low Impact News: Minutes after news for stop trading.
  • Stop Minuts Before low Impact News: Minutes before news for stop trading.
  • Auto Gmt: Auto Gmt Detect.
  • News Broker Gmt: Broker gmt. (usually 2 or 0).
  • Custom Chart: if true, use my colors tastes.
  • Show Panel: Show Info Panel.

how to calculate Risk?

Advice to test in backtest to measure your favorite Lots increase!

how to calculate Stop Target?

This is Exact Algorithm for the basket stop loss: $ Stop Loss = Lots * Stop Target.

so for example with fix lot 0.01 and Stop Target = 100000, My Basket Stop loss is 1000 dollars.

 

MT4 Backtest Instructions

  1. Open the strategy tester, magnifying glass.
  2. Select Comet in Expert Advisor.
  3. Select Symbol EURUSD in in the table.
  4. Select Test Timeframe M1
  5. Choose model every tick. the most accurate model. for the best possible result.
  6. Select the spread that you think is more real brokers usually have 7-12 for EURUSD but Comet can work even with higher spreads.
  7. Click on Expert Properties, go to Testing “Initial Deposit” i Recommend 2000. Keep long and short Trades.
  8. If you want to use compounding, go to Inputs -> Money management: “true” -> Risk Percent: from 1 to 5 (max risk recommended).
  9. If you like to use Stop Loss for best reserve your capital,  insert “100000” in Stop Target.
  10. After pressing ok, enter the dates you want to test. you can test without problems since 2003.
  11. The visual mode, if enabled, will allow you to see the past operations.
  12. Now look at the chart and Graph!

MT5 Backtest Instructions

  1. Open the strategy tester, view -> Strategy Tester.
  2. Select Comet MT5 in Expert Advisor.
  3. Select Symbol EURUSD in in the table.
  4. Select Test Timeframe M1
  5. Choose model every tick. the most accurate model. for the best possible result.
  6. Insert Deposit i Recommend 2000.
  7. If you want to use compounding, go to Inputs -> Money management: “true” -> Risk Percent: from 1 to 5 (max risk recommended).
  8. If you like to use Stop Loss for best reserve your capital,  insert “100000” in Stop Target.
  9. After pressing ok, Click on Date -> custom period, enter the dates you want to test. you can test without problems since 2003.
  10. Execution i recommend to use Last Ping to your server.
  11. The visualization, if enabled, will allow you to see the past operations.
  12. Now look at the chart and Graph!

Additional information

Platform

Metatrader 4, Metatrader 5

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