The cTrader Waddah Attar Explosion Indicator is built based on the price and can easily be used by the trader to identify when the price of a symbol has started moving as a trend continuation move or breakout move after a range or as a reversal move after the price has been moving in one direction for a while. The indicator is used to determine the actual targetted entry price, but other indicators are used as a filter to determine the overall trend direction.
Trend Filter Indicators
There are a few indicators that are optional and can filter the trend so that positions only open using the WAE indicator when these indicators show a bullish or bearish signal.
Multiple Configuration Settings
The parameter settings of the trading system allow multiple configurations for the entry and exit signals, so it is possible to use 1 or many indicators depending on the strategy.
Trade Management Indicators
The trade management indicators are used to limit the risk, lock in the profits and pause trading during high impact news events.
A Community-Based Project
The Waddah Attar Trading system is the direct result of customer feedback and involvement from the start and when a new release is published the new features are from the customer's requests on the suggestions forum, so this enables the product to grow organically and existing customers benefit by getting the new features for free.
What Do The Backtest Results Say?
We have tested this robot with various brokers and the results are all about the same, there may be small differences, we have included some example parameter settings to help you get started, you should be able to also find settings for any other symbol.
- Broker: FxPro
- Backtest Dates: 19.11.2019 - 19.11.2020
- Commission: 30 per million
- Data: Tick [accurate] - what is tick data?
Our settings are Low-Risk-Low-Returns, but you can adjust them from anywhere up to High-Risk-High-Returns.
1-Year Backtest (Low Risk)
52% Net Profit with a Drawdown Risk of 3.99% of the balance and 4.34% of the equity.
How to read backtest trade statistics
All Symbols Are Supported, Source Code Not Included
This trading system can be used with Forex, Indices, Shares, Cryptocurrencies and Metals, but you as the trader will need to find the best parameter settings for each symbol you trade.
Included in your download you will find some example parameter settings to help get started.
How Does DiNapoli Work?
This version of the DiNapoli Stochastic with Curve Check has a smoother indicator and extra logic to match the curve of the lines to identify possible price reversal that matches a sharp price reversal.
Risk Control Features
This is where we really listened to our customers and added extra risk control features to reduce financial losses as well as lock in the profits.
Adjustable Robot Settings Explained
It is very important that you learn how to adjust the robot settings if you wish to use other symbols or to improve the performance of your existing settings.
Typical Trade Entry & Exit
The chart below shows a typical trade lifespan where it opened when the WAE green bars were above the explosion yellow line, the bullish confirmation dots and the Dinapoli indicator was showing a bullish trend, the trade closed when the price of the symbol touched the average true range trailing stop.
How to Optimise This Robot
We also provide information to help you run the optimisation module of cTrader Automate so that you can get suitable parameter settings.
How to Run a Backtest
If you are unfamiliar with using the back-test feature of cTrader then you can visit our Knowledgebase where we provide traders with detailed instructions.
Watch a Video Demonstration
The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD.
Duration: 30 minutes - Watch full screen on YouTube
FREE News Release Manager
Also included with the trading system we provide the cTrader News Release Manager to help reduce losses when a high-impact news release occurs.
We offer a paid service to find the best possible settings for any given symbol, as with all automated trading systems the performance is only as good as the settings used.
Try Before You Buy?
We offer a 14-day trial of this software so you can run your own backtests and decide if this trading system is for you.
Product User Guide
If you need help with installation and getting started with this trading system then please visit the product support page first.
How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.
Instant Chat Support
If you want a speedy reply to your questions just post your questions on our Telegram chat group.