The bot trades using a scalping strategy. First, the signals of the four indicators are determined, after which the bot is waiting for a sharp price movement in the opposite direction. When the price goes sharply in the opposite direction, the robot opens a short-distance trade. The transaction is closed when the minimum profit is received. For this reason, the robot does not keep open trades for a long time. All open trades are closed within one or more candles.
The bot trades using a scalping strategy. First, the signals of the four indicators are determined, after which the bot is waiting for a sharp price movement in the opposite direction. When the price goes sharply in the opposite direction, the robot opens a short-distance trade. The transaction is closed when the minimum profit is received. For this reason, the robot does not keep open trades for a long time. All open trades are closed within one or more candles.
Forex Gump Bot is a fully automatic trading system. The trader needs to install it on the chart (preferably on a VPS server) and then the robot will start the trading process in fully automatic mode. The bot itself will analyze the market, open and close trades.
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- With the default settings, the robot trades on GBPUSD. For other currency pairs, you need to find other settings.
- minimum trading deposit is 100$
- the broker’s recommended spread is up to 15 pips (1.5 pips).
- recommended leverage is 1: 500
- it is recommended to run the bot on a VPS server so that it trades 24 hours a day.
- Recommended FXTM broker. We used it to test the robot.
- increase – the strength of the pulse. In this parameter, we specify the strength of the impulse at which the trade will be opened. The larger this parameter, the stronger the price movement must be to open a trade. If the parameter is very large (more than 12), the robot will only open trades with large price movements. This may cause the robot to open trades very rarely or not at all. If the parameter value is small (for example, 4), the robot will open trades with small price fluctuations.
- step-this parameter specifies the distance at which the pending order will be placed from the current price.
- trailingstop – the size of the virtual trailingstop in points.
- StopLoss – the size of the stoploss.
- TakeProfit – the size of the takeprofit.
- Lots-specify the initial trading volume of transactions. Further, the trading volume will increase proportionally relative to the growth of the balance sheet. When the balance grows twice from the initial one, the trading volume will also become twice as large.
- spread – the maximum spread at which the robot will open trades.
- Magic – the magic number of the robot.
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