This robot can trade any Forex pair as well as commodities, CFD, and anything else. The best timeframe to use is Daily.
I strongly believe that, in the end, the market moves randomly. Last events show us that this is the truth. All traders, banks, and analysts predicted a strong bearish move but happened exactly the opposite. Should they change their job and start to bet on horses? No, but basically, would be the same thing!
Well, if you bring two inexperienced traders and each of them takes opposite trades (long and short), both will probably close their positions at a loss. This means that it’s always a matter of managing the correct way the opened positions.
To do this we use math!
How it works
- open trades with no logic (buy or sell) once a day at midnight (if a Daily timeframe is used). In fact, the EA will open a trade at a new bar comes.
- Set the stoploss calculated by ATR.
- Manage the opened trades with a trailing stop calculated by ATR.
What is ATR
ATR is a common indicator used to calculate the average market movement based on X last bars. By this, we will calculate where to put the stop loss and then start to trail it.
- Max Lots allowed = set the max lot size allowed per trade by the auto Money management
- Risk percentage = to be adapted according to your trading style. The more is higher the more is dangerous.
- ATR Period = if the chart used is daily, every period will be equal to a day. As explained a bow it’s used to calculate the average movement.
- ATR TP, SL, TL percentage = these values are not calculated by PIPS but by ATR. This means that if it is used at 100% it will be equal to the current ATR value. Note: if you use a Timeframe lower than daily you should increase considerably those values until there are no errors under the Journal tab.
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DISCLAIMER: Please read carefully before you decide to invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase, please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts.
- Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products, you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.