Fully automated trading system. Plug and play, set and forget! This robot is designed to be simple and easy to use. But as you probably know, often when it comes to technology the simplicity is the ultimate sophistication. The logic of this system is the result of many years of research and trading experience. This system does not use any lagging indicators or any of the traditional methods of technical analysis. On the contrary, this system is using only the current prices, the time and several mathematical formulas based on the daily range and the different volatility parameters for each trading session. In order to increase the probability for success and to reduce the risks, this system takes advantage of lower and more predictable volatility during the first few hours of each trading day. So usually most of initial position buildup takes place during the early Asian session, while the first half of the European session is used mainly for closing of positions and for reducing risk.
Main characteristics of the system
- Short term contrarian trading algorithm.
- Gradual scaling into positions using reverse pyramid method.
- Effective mechanism for loss recovery.
- Regardless of the outcome, the duration of each position never exceeds 24 hours.
- The algorithms are optimized for all market conditions and the system is FIFO compatible.
- Depending on the performance in the next few months and if necessary, additional optimizations will be provided via free updates.
- The system is easy to set up. You only have to select lot size based on account size and risk preference, then set the trading hours and the EA is ready for action.
- Magic Number - magic number.
- Lot - initial trade size.
- Start Hour - start time of the initial trade cycle. (By default 00:00 GMT+2)
- End Hour - end time of the initial trade cycle. (By default 07:00 GMT+2)
Requirements and recommendations
- Symbol: EURUSD.
- Minimum account balance: 500 USD (1000 USD or more is recommended)
- Minimum leverage: 100:1 (200:1 or more is recommended)
- Broker: ECN/STP, low spread.
- 24/5 constant internet connection. (We recommend the use of fast VPS)
How to set
Note! The default trading hours are set according to GMT+2 so the system should work fine with most brokers. If the server of your broker is using different time, then you have to set the hours accordingly.
Set the Lot size depending on your risk appetite:
- For low risk: 0.01(1K) per 1000 USD account balance.
- For medium risk: 0.02-0.03 per 1000 USD.
- For high risk: 0.04-0.06 per 1000 USD.
If you have some questions or if you need help, contact me via PM.