The M8 Sidewinder PRO Advanced Automated Forex Trading Environment consists of six (6) separate EA modules. Each can work as an individual EA on its own or in concert with one or more of the other EA modules. Six charts is the maximum number of charts/currency pairs you can trade at any one time, one module on each.
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Having six independent EA modules adds even more flexibility and strength to the system. The individual modules allow for the clean separation of the money management logic for each currency pair which is critical for profitability. Having six separate EA modules working on independent tasks also increases the overall efficiency of the system in a similar way that a quad-core CPU does for the newer computers when compared to the older single core CPUs. It also allows investors with smaller accounts to use one or two modules until their accounts grow to the point where they can handle all four modules.
One of the things that I wanted to accomplish with this EA was to lower the level of stress in my own trading. I don’t want to have to worry about winning or losing every single trade. This system gives me peace of mind because on average I don’t care if I lose a trade. This is because this system looks at trades in the context of all other trades rather than focusing on the outcome of that single trade. I can have peace of mind because I know there is a system working for me which I can rely on.
Advanced 2-Stage Defense Against Draw-down
The Sidewinder EA has a large percentage of consecutive fixed wins during normal trading. When it loses a trade, the software detects the loss, keeps track of it and activates the first line of defense against draw down by incrementing the following trade’s lot size by the value of the “step” parameter. Depending on the currency pair being traded, the money management has been configured in such a way that isolated losses are remedied by a single win. Most often than not this is enough to maintain the account in profit and out of a state of draw-down.
However, in time when this is not enough and a preset number of trades close while still in a draw down, then the second line of defense against draw-down is activated. In this level 2 alert mode, the EA changes the way it places orders altogether to set up larger winners. This change allows winning trades to grow much larger than the average loss. When you combine this with the advanced money management and Sidewinder’s high probability market entry points the result is a simple but profoundly powerful automated Forex trading system which is extremely accurate, highly profitable and incredibly difficult for brokers to mess with.
Minimum Balance Requirements
Standard Account Minimum is $10,000 per module to be traded. Mini-Account Minimum is $1,000 per module to be traded. Both standard and mini-accounts must be able to trade down to 0.01 lots level.
Below is a sample test of Sidewinder on a single currency (EUR/JPY) for a three year period. Due to Strategy tester limitations, we can only back-test a single currency at a time. But don't worry, our forward trading results demonstrate the true Sidewinder PRO performance.
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