- Instantly processes a large amount of data. Some robots even have fundamental analysis added;
- Automates trading. Performs actions that were performed manually;
- Manages risk. The risk management system embedded in the code eliminates the emotional factor.
Environment for work.
Such an algorithm can be used both on the shortest M1 timeframes and on longer ones M5 or M15. At the same time, when moving to a longer period of time, for example, from M5 to M15, there may be a decrease in profitability. Leverage - from 1:100. The bot works on most currency pairs. It is necessary to take into account such broker parameters as the minimum allowed stop-loss and take-profit distance to the price, spread, commission.
- Magic - Magic number.
- Volume Stable - Fixed lot.
- Money Management – The lot is automatically calculated.
- Lot Decimal – Lot rounding.
- Take-Profit - Take profit.
- Stop-Loss - Stop loss.
- MinProfit Close - Minimum profit at closing.
- Draw Down - The maximum drawdown at which the closing occurs.
- Spread Restrictions - Restriction on the maximum spread.
- Analysis Restrictions - Analysis of the number of ticks.
- Size Pattern - The size of the tick pattern.
- Minimum Identification - Minimum amplitude for folder registration.