The Multi Strategist is an expert advisor that can be found on the MQL5 website, we have linked it below so there is not any confusion with similarly named expert advisors. The current version of this expert advisor is version 4.203 and was last updated on March 13, 2020 (at the time of writing this review).
The Multi Strategies expert advisor is a fully automated multi-currency expert advisor. The system currently only works with the EURUSD and GBPUSD currency pairs so it can be a little limiting. The expert advisor was created in order to achieve profits by trading with low drawdown and high win rates. The EA uses multiple different strategies to ensure that only the best entry and exit positions are used. It is also highly customizable so you can change the indications used as well as the parameters in order to develop a strategy that works for you.
The strategy uses a number of different bits of technical analysis including:
- Moving Averages
- Pivot Points (Standard or Fibonacci)
- Stochastic Oscillator
- Directional Movement Index (DMI) & Average Directional Index (ADX)
- Relative Strength Index (RSI)
- Moving Average Convergence/Divergence (MACD)
- Williams Percent Range (WPR)
There is a whole host of settings also available including, magic numbers, different trading modes, a handguard, risk management, trailing settings, partial close settings, the ability to close everything on a Friday, multiple filters, and more.
The expert advisor has been designed to work with MetaTrader 5, we do not think that it is compatible with any other trading platforms as nothing else has been mentioned.
The Multi Strategist currently costs $219, however, there are regular sales where you can get $10 or $20 off. You are also able to rent the expert advisor, for 6 months it will cost you $149, while you can also rent it for one year for $199.00, but you may as well buy it outright instead of paying slightly less for just years use. There is also a demo version available. However, we are not sure exactly which features are available or how long this demo will last.
There are 17 different reviews on the website, the overall opinion seems to be very positive. Some of the reviews include:
“Recently purchased this EA, so far so good, has very good risk management compared to other EA’s. Profitable so far.”
“This EA is intriguing. Very well developed and thought through. A fine piece of German engineering. Julian responds instantly and is eager to answer all my questions to my satisfaction. He constantly tests and perfectionates the EA’s performance and implements improvements and meaningful customer requests. I can feel that he puts all his heart into his work. Highly recommended EA and author.”
“Solid EA…author is continuously working on making it even better. Backtests and demo producing results as advertised.”
These are all very positive reviews. However, we would always recommend giving the demo a try, just to make sure that the expert advisor works for you.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/42084