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The basic principle is that the bot takes the indicated prices for a certain period of time and calculates the strength and amplitude of the price by comparing it with its own indication system based on the actual data. The moment is fixed when the trend loses strength and reverses, and then the previous series closes and a new one is being prepared. The bot also analyzes its own overbought/oversold signals in its algorithms. We buy when the signal first falls below a certain level, and then rises above it if the main signal system gives permission to trade. We sell when the signal first rises above a certain level, and then falls below it, also if the main signal system gives permission to trade. The Expert Advisor handles errors correctly and works reliably with a capital of $1000 or more, recommended $3000 or more. The Expert Advisor uses the basic concepts: trailing start, trailing stop, stop loss and take profit real and virtual.
In order to understand the work of the bot, first of all, you need to understand what parameters it has. Therefore, I think that a detailed description of the parameters will be the best description of the bot. Since it will give the user an understanding of what he is dealing with and will allow him to decide, this bot suits his trading style and will allow his broker to work with the help of this bot. Basic parameters, a number of key parameters that allow you to configure the environment for the correct operation of the bot. They are no less important than other settings. Money management parameters, we have two parameters in total. One of them allows you to work with a fixed lot, the other calculates the lot depending on the available deposit. Interesting part of the settings. These settings define the login algorithm.
MagicNumber - a parameter that allows you to distinguish your / someone elses orders.
FixLot - Fixed lot is set.
Money Management On - Activates Money Management.
Money Management - Sets the risk depending on the size of the deposit. The ratio can be easily seen by testing different values in the strategy tester.
CountSeria - The number of deals in one series.
TakeProfit - Take Profit.
StopLoss - Stop Loss.
vTakeProfit - Virtual Take Profit.
vStopLoss - Virtual Stop Loss.
trStart, trStop - Trailing.
LengthJAW, LengthTEETH, LengthLIPS, LengthDECVIATION, CountWARP - Parameters that set the rules for the bot.
Works with different currency pairs on the H1 timeframe,
leverage 1:100.
- Specifications Discription
- Product Type Fix, No DLL
- Currency Pairs ALL Major Pairs
- TimeFrame M1 to H1
- SetFiles Default
- Minimum Deposit 1000$
- Zip Password FinTechForexEA.com
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