The Multi Strategy Trading Robot
This automated trading robot always uses stop loss.
Big Hunter is specially designed to trade gold, but you can test it on other pairs since you have the access to the parameters. The robot uses different strategies like swing trading, momentum trading, position trading and more. It's backtested for the last 10 years under the harshest, simulated market conditions.
Each trade has unique SL, TP, Trailing stop, and breakeven. These parameters are variable and change depending on the market condition and the price range.
The robot is developed in such a way to avoid trading in the ranged market. Therefore, sometimes you might see no trades for a few days. In fact, it's designed to trade like a professional trader and most of the times it takes positions with respect to daily time frame.
This expert does not look for small profits as you may guess from its name. It usually closes bad trades before they hit the stops.
No martingale, No hedge, No scalping.
Sometimes, you might see two trades in different directions, but it rarely happens. That does not mean it hedges. This only occurs when two opposite strategies (Like swing and position) get triggered in a few hours and even in a few days.
In order to be a good trader, you need to have a strategy, discipline, and the last but not the least, patience! There is nothing to be worried about if you don't have the first two factors. You just need to be patient and Big Hunter will take care of the rest!
The unique feature about this product is the money management. Depending on market condition and price range, each trade has different SL, TP, Breakeven, Trailing stop and Risk. In fact, this is how professional traders trade. Although trading is difficult, I believe you don't need to know the rocket science to be a good trader! Even best strategies fail if they are not combined with a proper money management. This robot utilizes a sophisticated mathematical formula to handle the money management. In other word, it is programmed to recover from several losses that you've had for a period of time.
Multi strategy trading:
If one strategy lets you down for a period of time, other strategies will help you recover some losses. That's the main purpose of multi strategy trading.
We all know that we can't avoid slippage. Specially when we have stop orders. Big Hunter closes stop order trades, which triggered by huge slippage, immediately (for example; more than 2.5$ slippage in gold). According to the statistics, adjusting the stop loss level will almost always end up losing more money, anyway. Therefore, we prefer to close bad trades in smaller losses.
Trading range filter:
Based on the algorithm given to Big Hunter, it usually does not trade in a choppy market. Professional traders never trade in such a condition, because market doesn't have a clear direction and most trades get stopped out.
Dynamic stop loss, trailing stop, breakeven,...:
Most robots trade with static parameters, no matter what the market condition is. Big Hunter takes into account different variables and only after assigns these parameters, depending on the market condition.
Time frame: Daily(mandatory).
Broker: Any broker. Your chart should have smooth candle sticks.
GMT Offset: It is designed for gmt+2 brokers. You may need to change the gmtw and gmtp in the expert properties according to your broker gmt offset. It's tested on IcMarkets, OANDA and Dukascopy.
ECNBroker; Must be on if using it on ECN brokers.
dailyrange; Recommended to be on. If it's off, the expert trades more often but less accurate.
BE; Breakeven must be on.
TR; Trailing stop must be on.
slw; Stop loss factor, recommended to be 1.
tpw; Take profit factor, recommended to be 1.
rw; Risk factor, recommended to be 1.
MaxSpread; Maximum allowed spread.
gmtw; GMT off set. It's 1 for gmt+2 brokers and 0 for gmt+3 ones. You need to test it in backtest.
PipDis; Distance from where to put the stop order.