“Lazy trader” belongs to the category of news bots, trading is pending orders before the release of important news. The algorithm of this type of robots is the same, so at first glance, it turns out which filters were put in the advisor by the developers. The 4th version of the bot has recently been released, the free download of the Lazy Trader 4.0 Expert Advisor is not yet possible, but the algorithm remains the same as in version 3, only a few filters were added.

Install and configure the bot

The installation is normal, the advisor’s file is placed in the Experts folder, then we reboot the terminal and our bot should appear in the Navigator. Included with it comes a number of parameters with the settings of the bot. As a news advisor, the name of the .set file indicates the type of news and the currency pair.

The robot has a lot of settings, we will not list everything, let’s focus on the main ones:

• trading mode – it is recommended to choose the option of trading with pending orders. The market does not always react to the news sharply, so that entry at the market price may be unprofitable;
• job orders – here you can set only one direction of trade, for example, only for sale or purchase;
• order placement distance – at what distance from the price pending orders will be placed before the news is released, is set in points;
• narrowing the distance – set the time before the news release, when the bot starts to reduce the distance from the price to the order;
• distance of orders after narrowing – what should be the distance between orders after narrowing.

Advisor Lazy Trader 4.0 finalized in terms of settings compared with the 3rd version. For example, now he is able to open trades in the opposite direction on sudden false price movements. Sometimes a spike appears on the chart, but at such moments a reversal order will work.

From the useful, we note the ability of the bot to hide SL and TP orders from the broker, the ability to adjust the operation to breakeven, flexible trailing stop. There are 4 degrees of liquidity control, so you can customize it for yourself without any problems.

The bot itself adjusts to 5-digit quotes. So in the 5-digit quotes in the settings that are specified in points, you do not need to change anything.

How does Lazy Trader 4.0 Expert Advisor work?

The basis of the algorithm is classical news trading. On the eve we don’t know how the market will react to it, therefore pending stop orders are placed above and below the price. As soon as the news comes out and one of the orders triggers, the second is removed, and the bot starts trailing the deal and generally does everything to squeeze the maximum out of it.

The main advantage of Lazy Trader 4.0 is that it is faster than man. You can also trade manually using this technique, there are news strategies that assume approximately the same logic of actions. But for a fraction of a second a bot can recalculate the size of the stop and take profit, tighten pending orders closer or remove them.

A person performing the same operations manually will spend much more time. At the time of the news release, the account goes for literally seconds, so using a robot is justified.

Focusing on the video from the sales site you can convince in the principle of the work of the adviser:

• set aside in both directions;
• immediately before the release of the news orders are tightened as close as possible;
• the market reacts very sharply, the adviser manages to tighten the stop a couple of times closer to the price in the profitable zone and get a small profit.

This whole situation took a couple of seconds on the power; in a manual mode, the trader wouldn’t have time to do anything.

Exploring the effectiveness of Lazy Trader 4.0

Because of the peculiarities of the work, there is no point in checking its effectiveness in the strategy tester. Therefore, we pay attention to the results of monitoring and what we are shown on the official sales website.

On myfxbook there are several monitoring of this bot, among them both drain and profitable, let’s start with unprofitable:

• the first was active from September to October 2013 and the score was eventually merged;
• in the second, work was carried out from February to March 2013. Trade was unsuccessful, although the deposit was not drained, but the profit of 0.64% for almost half a year of work cannot be called high. At its peak, the bot showed a result of + 15%, going down to 23.17% before that.

Of the most successful and long-lived, we note the bot installed on the account of the Exness broker. It has been trading since July 2016 and at the moment the profit is 172%, reaching a peak at 338%. The drawdown is also high – almost 86%.

On the sales site monitored different degrees of luck. Unfortunately, these are only screenshots, there are no links to the monitoring itself. At all trade is a plus, only the version of the bot and the year of monitoring differ.

In the screenshot above – an example of one of such monitoring. It looks good.

What’s the catch?

The very idea of ​​trading is working, numerous news strategies prove that you can make money this way. But in the matter of making money on the news, not everything depends on the adviser Lazy Trader 4.0, in order for the trade to be conducted as a plus you need:

• almost instant execution of orders. On a regular market, delays are rare, but on the first-value news, an application may hang for a few seconds until it is fulfilled. Given that the life of the transaction is sometimes a couple of seconds on the force, such delays are critical;
• minimum possible spread. Before the release of news, many brokers insure and expand the spread at times, as a result, the bot simply does not trade and skips promising (if you look at the stories) market entries. It is better to trade on ECN accounts.

So the bot is not bad, but everything depends on the search for the ideal broker, this is the main problem. If you decide to try the bot first on a demo account or in a tester, you will see a great result. The fact is that on demo accounts the execution is instant, in our case it greatly influences the result.

Do you need more proof? You are welcome:

+158 points in 1 minute

Is 100% Free

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LazyTrader 4.0

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