EVAGOR Trading System

Highlights

📊 Forex Market

💻 MetaTrader 4

🔓 Locked

♻️ Asset: EURUSD

⏰ Timeframe: H1

🤖 Auto-traded by NIREDO iTrade Bot

📦 Package: Evagor Indicator, NIREDO iTrade Bot, Preset, User Manuals

Any plans to become a millionaire?

Let’s make it very clear from the start. If you are looking for a “GET RICH QUICK” trading system, don’t even bother reading further. Although EVAGOR trading system showed good results in back-testing, there is NO guarantee the system will perform in the same fashion in future.

Financial market is a risky place to earn, we are operating in the madness of uncertainty. The possibility exists that you could sustain a loss of some or all of your investment and therefore YOU SHOULD NOT INVEST MONEY THAT YOU CANNOT AFFORD TO LOSE. Remember, you and you alone are responsible for deciding if you are comfortable accepting the risk involved in Forex trading. If you do not fully understand these risks, you must seek independent advice from your financial advisor.

Trading Strategy

EVAGOR is a moderate risk-reward trading system, which employs range breakout trading approach. It is fully automated by the stand-alone universal tool NIREDO iTrade Bot with flexible custom settings. EVAGOR is currently offered only for EURUSD pair. Other pairs may be added later subject to positive testing results. The system operates on H1 timeframe.

EVAGOR requires Hedge account to allow trades run in opposite direction at the same time. The recommended leverage is 1:500. At least 200 MB of free RAM per pair, PC with stable Internet connection or ideally a dedicated VPS server would be required to run the system properly.

EVAGOR uses third-party indicator to generate entry signals, which trigger NIREDO iTrade Bot to open orders. The orders are then handled by NIREDO until they are closed.

The idea behind this trading strategy is based on averaging take profits and lot sizes of open positions. This is performed in a controlled way to prevent big drawdowns and losses. All trading parameters are flexible and can be customized to meet your risk-reward demands.

As for the Stop Loss, EVAGOR does not apply Stop Loss level to each individual order, but uses an invisible Equity Stop Loss mode, which can also be customized depending on your risk appetite. This approach prevents market maker/ broker to deliberately wipe your stop losses out and allows for some breathing flexibility for your trades.

With NIREDO iTrade Bot you can deploy various other risk management techniques, but they are not used in the original EVAGOR strategy. If used, the test results explained below would be different.

Back-Test

EVAGOR trading system was back-tested for the period of 36 months, from Nov 2019 to Nov 2022, on tick data from ICMarkets.

As you can see from the stats above, during the reporting period the balance grew from 300 to 718, which represents 139% growth within 36 months period, or circa. 46% per year. There were a few bumps on the way, caused by equity drawdowns with the biggest drawdown of 32%. That was a floating drawdown, not impacting the balance. But still, this is an important metric to be aware of.

Useful stats to highlight:

Total Trades: 60

Win Rate: 83%

Av. Trades: 2 / month

Av. Profit: 12 / month (with lot 0.01)

Av. Pips: 102 / month

Longest Trade: 99 days

Highest Lot Size: 0.04

Max Averaging Steps: 2

Having analyzed the back-test data, it is recommended to have minimum 300 as a starting balance on your account if you want to trade with initial standard lot of 0.01.

Trading Account Requirements

Type: Hedge account

Leverage: 1:500

Platform: Metatrader 4

Min Deposit: $300

Recommended: Standard Account from ICMarkets

How can you get EVAGOR for FREE?

Option 1: EVAGOR is offered as a FREE BONUS when you purchase NIREDO iTrade Bot (LP1 or LP2), which is the engine to run the system. You are flexible to trade with any broker of your choice.

Option 2: Become our partner and get NIREDO iTrade Bot LP1 (with EVAGOR as a FREE BONUS) at 50% discount to the current LP1 price.

For both options, you need to place an order for NIREDO iTrade Bot, mentioning a code “EVAGOR: Option 1 or Option 2” respectively in comments section of the order form.