The Commodity Code is a automatic trading EA released on 17th July 2012. It doesn’t trade Forex, but runs on the MT4 platform and is commodity trading software that trades gold, silver and oil (so make sure your broker lets you trade these if you plan to order). This software is also known as A.M.B.E.R. (Automated Multicommodity Binary Earning Robot). Fapturbo is the developer of this software which can be downloaded or received as a physical product.
I was lucky enough to have a Skype chat with one of the two actual coders, which give a great insight into the workings of the EA:
Developer Skype Interview:
[10:41:58 PM] Cam Forex: just wanted to know, how long it took you to develop (number of hours)
[10:42:12 PM] Cam Forex: or days
[10:42:53 PM] Roman: we worked a lot of time. Near 1 year..
[10:43:13 PM] Cam Forex: wow… so this is some serious coding job! Well done.
[10:44:06 PM] Cam Forex: Are you able to give me any indication on the strategy behind it, not the detail, but is it trend following or scalping etc… I want to include it in my blog post.
[10:52:56 PM] Roman: sorry for delay
[10:53:14 PM] Roman: The strategy itself is pretty complicated. In simple words, the robot is trying to predict the short term movement with a very high probability according to the build-in analyses systems and signals from the Banks and our trading pool. If all this items of our three level system approved a trade, so in this case robot will place this approved trade and almost 100% probability that this is will be profitable trade. It’s not a scalper, nor is it a pyramiding or grid EA, and it’s not like any other type of robot on the market. It uses an absolutely new approach, and moreover, our expert is unique to the forex market. You will not find anything similar on the internet.
[10:54:07 PM] Roman: The primary robot will be Amber Gold which based on the indicators trading.. such as Ichimoku, RCI, our own development and many others.. It’s really powerful robot on the long term with Gold. It almost absolutely independent from spread and this is really important for trading with Gold because as you already know all brokerages as a rule suggest only high spreads for trading with gold.
[10:54:39 PM] Roman: Two additional robots it’s Amber Silver and Amber Oil! This two robots use in trading trend movement and put the profitable trades with very high probability. If will be strong trend in opposite direction so in this case robot will make an analyses of the current situation on the market and take decision about next trade. Some of the traders asked us about “How we can create robot which will give you great results with Oil? Because it’s absolutely not appropriate active for trading due small popularity and awful conditions.” But we done it and hope all our users will be happy with Amber Project!
[10:56:28 PM] Cam Forex: Great explanation. And Nice Work.