CrazyCTrader (Source Code MQ4/MQ5)

Description

Content: Expert: CrazyCTrader 1.1.mq4 (Unlocked for MT4 Build 1420+), CrazyCTrader 1.1.mq5, Presets: 9

The CrazyCTrader 1.1 Expert Advisor (EA) is an aggressive, high-frequency trading robot designed for MetaTrader 5 and MetaTrader 4 platforms, boasting the potential for extremely high returns by combining various trading strategies. Here’s a closer look at its functionality and approach:

Key Features of CrazyCTrader 1.1 EA

1. Multi-Strategy Approach:
   • The EA incorporates four distinct trading algorithms: Pyramiding, Averaging, Scalping, and Hedging. By blending these techniques, the EA aims to maintain a positive profit trajectory, regardless of market volatility.
2. High-Frequency Scalping with Two-Pair Correlation:
   • CrazyCTrader 1.1 operates with two highly correlated currency pairs: EURUSD and USDCHF, trading in a single direction based on their divergence. This method allows it to capitalize on short-term price movements without lengthy waiting periods.
3. Dynamic Divergence Trading:
   • The EA uses a divergence strategy, opening positions when the divergence between the two pairs falls within certain thresholds (set by the DeltaMinToOpen and DeltaMaxToOpen parameters). The entry is then confirmed by a ratio-based reversal parameter (Confirm Reversal Ratio), adding a protective layer to ensure reliable entry points.
4. Protective Hedging and Profit Optimization:
   • If the divergence expands, the EA opens additional hedging positions, either aligning with the trend or countering it, depending on market dynamics. This hedging feature protects the account during high divergence periods, sometimes employing pyramiding or averaging strategies to move the position towards profitability.
   • The CloseAllOnProfit parameter, if set to false, enables continuous trading by not closing all positions at once, effectively turning a past bug into a feature that keeps profits flowing.
5. Performance Insights:
   • In testing, CrazyCTrader 1.1 achieved nearly 100% returns in one month with a 7% drawdown, showcasing its high profitability and moderate risk management.
   • Risk Warning: The advertised 400% daily profit is achieved under maximum deposit load, which is highly risky and best suited for small deposits. Larger accounts should use conservative settings to manage risk.

Platform Compatibility

• MetaTrader 5: Fully functional, including multi-currency backtesting.
• MetaTrader 4: Available but limited by MT4’s lack of multi-currency testing capabilities, meaning that live testing is necessary to validate its performance on this platform.

Advantages and Considerations

• Advantages:
  • Blends multiple trading strategies for enhanced profitability and risk management.
  • Operates in high-frequency mode, capitalizing on every trading hour without prolonged waiting periods.
  • Well-suited for small accounts looking for high returns in a short timeframe.
• Considerations:
  • The high-risk strategy, particularly in maximum-load settings, demands careful capital allocation.
  • Users should monitor performance closely and adjust parameters based on account size and risk tolerance.
  • Backtesting for MT4 users is limited, requiring live trading for a performance assessment.

Conclusion

CrazyCTrader 1.1 EA is a unique, high-performing EA for traders seeking aggressive returns. By combining pyramiding, averaging, scalping, and hedging in a single algorithm, it offers consistent trading opportunities with protective mechanisms. While the potential for substantial gains is high, traders are advised to use conservative settings on larger accounts and regularly monitor the EA’s performance to manage associated risks effectively.