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Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

August 24, 2021

Newcomers to the forex market often experiment with new techniques and methods to generate profits a

#3 Proven Forex Trading Methods That Work

#3 Proven Forex Trading Methods That Work

June 23, 2021

Intro. Will $500 a day change your life? –ź 1000$ ? Many people dream of getting that kind of money

Top 5 trading robots for profit on forex in 2021

Top 5 trading robots for profit on forex in 2021

May 27, 2021

Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief

SCALPING BOT M5 is a fully automatic trading system for scalping on the timeframes M5, M30, H1. The best currency pairs GBPUSD and EURUSD. The robot trades using the support/resistance line breakdown system. Using a special resistance calculation algorithm, the robot determines support/resistance points and when the price breaks through them, the robot opens a BUY or SELL order. The robot trades using market orders and does not place pending orders. The robot’s algorithm provides a virtual take profit and a virtual stop loss, which protect the trader’s deposit from sharp losses. According to this, the trader does not risk losing all the money if the transaction is opened unsuccessfully. The robot can open several trades simultaneously in different directions and accompany them until closing. But the robot can also trade by opening only one transaction. It all depends on the market situation. All robot transactions are indicated by a unique Magic number, which is specified in the bot settings. Thus, the robot can simultaneously trade on different currency pairs and timeframes. 

Features of the robot:

  • the robot trades best on GBPUSD and EURUSD.
  • The best timeframes are M5, M30, H1.
  • minimum deposit from $500
  • recommended deposit from $1000
  • the robot opens from 1 to 30 deals per week. Deals may not open every day.
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Robot Settings:

  • StopLoss ‚Äď this parameter tells the robot at what distance from the open trade to remember the StopLoss level. When the price reaches this level, the robot will close the transaction using the OrderClose() function.
  • TakeProfit ‚Äď this parameter tells the robot at what distance from an open trade to remember the level of TakeProfit. When the price reaches this level, the robot will close the transaction using the OrderClose() function.
  • Lot_Transactions ‚Äď specifies a fixed volume of transactions. If the value is 0.0, the robot will automatically calculate the transaction volume depending on the size of the deposit. If you specify any value in this parameter, the robot will open transactions in this amount.
  • Dynamics_of_growth_lot ‚Äď in this parameter we specify how aggressively the robot should calculate the size of the volume of transactions in automatic mode. The larger the parameter value, the larger the size of trade transactions will be opened. This parameter only works if the Lot_Transactions parameter=0.0.
  • Magic‚Äď the magic number of the robot. In order for the robot to be able to determine which deals it opened and which deals were opened by other robots.
  • Max_Spread‚Äď specify the maximum recommended spread. important! Even if the broker‚Äôs spread is higher than this value, the robot will still trade. But when the broker‚Äôs spread reaches this value, the robot will output a signal to the PC about exceeding the spread. To remove the signal from the screen, you need to increase the value of this parameter.

Key Features of Algorithmic Trading Software

24 February 2021

1.0

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