Search

Address & Contact

Web

Top 3 profitable forex strategies in May 2021

*Please give your feedback about the products you have worked with. This will help other traders.

Trading Systems That Work

Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

June 3, 2021

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

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

Bollinger Bands Width indicator - eliminating the shortcomings of BB

Bollinger Bands Width indicator - eliminating the shortcomings of BB

May 26, 2021

Bollinger Bands or Bollinger Bands (BB) are a network sign that has a significant dis

Taipan’s algorithm bites small pieces out of the market movements. It opens several trades per day and closes them on the same day.

More than 80% of the trades are profitable in a historical backtest.

NO martingale, grid trading or other dangerous method used, that at the end erases your account.

Always just one order open with tight StopLoss of 20 pip or less. To avoid negative slippage Taipan sets limit orders in some market situations.

 

Live signal >>    (Demo, started earlier)

Taipan trades GBPUSD on a real account here >>

Take a look at the signal description.

 

Price policy: The purchase price will rise depending on the trading results.

 

Taipan trades best in GBPUSD M5 chart.

EURUSD M5 works well too but is still in development.

Taipan needs no set files!

For Backtesting in MT4: Make sure that you have all data available for GBPUSD (M1, M5, D1 and W1). If not download it in the history center.

Read More...

 

Taipan trades various strategies. Each strategy can be de/activated in the settings.

Depending on the market the neural network controled take profit closes the positions fast

with small profit of 6 to 10 pip or waits for profits far above it.

Trading various strategies is a big advantage compared to trading system that trade only one strategy:

Every strategy has a drawdown phase some day ‚Äď but not 30 strategies at the same time!

An option might be to set Taipan on 2 or 3 charts of the same currency and trade some strategies with different risks.

Experience in live trading will show which strategies are best.

 

  • SetUTC ‚Ästtimezone.¬†Default set UTC=2 is best, used by many brokers
  • Auto_Moneymanage: auto money management 1 = On

2 = Testmode: Lotsize calculated always on USD 10000.

As lotsize depends on StopLoss that varies, testmode simulates test with fixed lotsize.

Don’t deactivate Auto_Moneymanage, it is part of the strategy!

  • MiniLots: if¬†true,¬†Auto_Moneym. has steps of 0.01 lot
  • MaximumRisk: % of account free margin set on risk for one trade
  • AddOrderPercent: % of lotsize (compared to 1. order) for additional orders (if MaxBuy / Sell >1)
  • Lots: lot size if¬†Auto_Moneym.¬†is disabled
  • Hedge: deactivate if hedging is not possible
  • StopLossBuy: distance of stop loss¬†in points
  • TakeProfitB:¬†points¬†profit¬†when order is closed
  • MaxBuys: max. amount of buy orders ‚Äst¬†the MaximumRisk rises with the¬† amount of orders

    Set here 3 the set MaximumRisk may triple.

    StratBuy: active buy strategies

  • Which strategy triggered a trade can be seen in the chart.

    Set the mousetip over the arrow where the trade was opened a small window opens.

    Before the magic number in brackets it shows the number of the strategy that triggered the trade.

  • Following the same settings for sell orders
  • HrFriClose: hour when the EA closes open orders Fridays to avoid open orders on weekend (24 =¬†disabled)
  • magic:¬†magic number
  • DrawLines:¬†draws Highs and Lows of former days, weeks in the chart. Mouseover shows the name of the line.

The EA orientates on these lines. More info in the description of the indicator: Support Resistance Free

If lines are shown in the chart or not makes no difference for the trading result.

  • SetUTC ‚Ästtimezone.¬†Default set UTC=2 is best, used by many brokers
  • Auto_Moneymanage: auto money management 1 = On

SetUTC ‚Ästtimezone.¬†Default set UTC=2 is best, used by many brokers

Auto_Moneymanage: auto money management 1 = On

2 = Testmode: Lotsize calculated always on USD 10000.

As lotsize depends on StopLoss that varies, testmode simulates test with fixed lotsize.

Don’t deactivate Auto_Moneymanage, it is part of the strategy!

  • MiniLots: if¬†true,¬†Auto_Moneym. has steps of 0.01 lot
  • MaximumRisk: % of account free margin set on risk for one trade
  • AddOrderPercent: % of lotsize (compared to 1. order) for additional orders (if MaxBuy / Sell >1)
  • Lots: lot size if¬†Auto_Moneym.¬†is disabled
  • Hedge: deactivate if hedging is not possible

MiniLots: if true, Auto_Moneym. has steps of 0.01 lot

MaximumRisk: % of account free margin set on risk for one trade

AddOrderPercent: % of lotsize (compared to 1. order) for additional orders (if MaxBuy / Sell >1)

Lots: lot size if Auto_Moneym. is disabled

Hedge: deactivate if hedging is not possible

StopLossBuy: distance of stop loss in points

TakeProfitB: points profit when order is closed

MaxBuys: max. amount of buy orders ‚Äst¬†the MaximumRisk rises with the¬† amount of orders

Set here 3 the set MaximumRisk may triple.

StratBuy: active buy strategies

Which strategy triggered a trade can be seen in the chart.

Set the mousetip over the arrow where the trade was opened a small window opens.

Before the magic number in brackets it shows the number of the strategy that triggered the trade.

  • Following the same settings for sell orders
  • HrFriClose: hour when the EA closes open orders Fridays to avoid open orders on weekend (24 =¬†disabled)
  • magic:¬†magic number
  • DrawLines:¬†draws Highs and Lows of former days, weeks in the chart. Mouseover shows the name of the line.

Following the same settings for sell orders

HrFriClose: hour when the EA closes open orders Fridays to avoid open orders on weekend (24 = disabled)

magic: magic number

The EA orientates on these lines. More info in the description of the indicator: Support Resistance Free

 

Key Features of Algorithmic Trading Software

22 April 2021

03 May 2021

1.3

TimeFrame

Trading strategy

Trading strategy

Trading strategy

TimeFrame

Trading strategy

Trading strategy

Trading functions

Trading strategy

Trading functions

To view other , select one of the filters corresponding to your interests in forex trading.

Reviews

Leave a Review

Price
Profit
Drawndown
Support
Safety
Publishing ...
Your rating has been successfully sent
Please fill out all fields
Captcha check failed
mrea59 May 5, 2021 4:01 am
Price
Location
Staff
Services
Food

Back screening outcomes have already been fantastic, best that I have witnessed on any EA, particularly with the low drawdown. Assistance from your writer is fantastic, very help and incredibly speedy to respond. Will likely be proceeding survive Monday, if real outcomes are similar or in close proximity to back screening than the be wonderful

Olga Snizhko May 5, 2021 4:01 am
Price
Location
Staff
Services
Food

Up to now so great. EA’s jobs are completely different dependant upon agent, even on distinct servers the exact same dealer EA can buy and sell in different ways. Check results match genuine trading by 90Percent, taking into account cost slippage in actual. Follow seller’s signals. We’ll see.

bonusz2000 May 5, 2021 4:01 am
Price
Location
Staff
Services
Food

I voted and leased it, the system functions well thus far !!

Loading…

Help improve FxBotReview

Please leave your Review if you have already worked with this software.

Fxbotreview is a community of algotraders.
Our goal is to create a platform with honest and transparent ratings (EA, Indicatos)
We have already done reviews on 5000+ programs.
I'll leave a review:)
en English
X