Otto is an expert advisor (EA) that utilizes proprietary indicators and trend lines while implementing a robust risk management strategy. It focuses on generating consistent and secure profits over the long term. By employing a fractional lot approach across various currency pairs, it effectively diversifies risk and increases trading opportunities for generating profits.
Additionally, Otto can be applied to trading gold to potentially yield substantial returns.
The EA executes daily transactions and incorporates a news filter function to enhance safety.
- Currency Pairs: EURUSD, USDCAD, GBPUSD, USDCHF, XAUUSD, EURAUD, GBPCAD, NZDCAD, NZDUSD, AUDNZD, AUDCAD, AUDCHF, NZDCHF, CADCHF, GBPCHF, etc.
- Time frame: M1, M5, M10, etc.
- Days To Trade: 1 Monday, 2 Tuesday, 3 Wednesday, 4 Thursday, 5 Friday, 6 Saturday, 7 Sunday
- Orders Per Group: The number of orders belonging to one group and the lot size of orders belonging to one group are the same.
- Order Step in Pips: Price difference between previous order and next order.
- Lot Size Method by Group: How to increase lots when moving to the next group.
To optimize the performance of Otto, it is essential to conduct thorough testing of its settings, namely "Orders Per Group," "Order Step in Pips," and "Lot Size Method by Group." These parameters allow for customization, enabling the EA to adapt to either a stable or aggressive trading approach. It is crucial to assess and adjust these settings to align with your desired outcomes for a specific currency pair before utilizing Otto in live trading.