$10 promo monthly rent price! MT5 netting the “Babel RT” robot uses the ZigZag indicator to generate Fibonacci levels on M1, M5, M15, H1, H4, D1, W1 periods of the charts , calculates the strength of trends for buying and selling. It opens a position when the specified trend level is exceeded and places pending orders at the Fibonacci levels. Candlestick analysis and Bollinger indicators help to increase or decrease the position. Babel RT uses elements of Martingale and Scalping too. With reaching a positive profit and a trend change to an unfavorable direction Babel closes the position. The screen displays current results of work on the position, deals, trends to assess the quality of robot ’ s work and to change the parameters of its work. The best results are in account with spreds 2 and less points.
A manual position increase by lot 0.02 or more is perceived by the robot as triggering of its own pending order (order triggered). Pending or market orders with a lot of 0.01 just change the position ’s volume upon triggering.
Video with Martingale parameter 3.6 https://youtu.be/U4TjOeMrLho
Some explanation in Demo account https://youtu.be/MvFN2DHe50M with sound
The materials presented below are informational ones and are intended solely for educational or informational purposes.
When using this product, Babel R - a program for the purposes of automatically making transactions on the Forex market, you completely accept the risk of not receiving a calculated profit, as well as the risk of a complete loss of all invested funds.
The results of the robot ’ s work in the past, as well as the results of testing and optimization do not guarantee the receipt of similar results in the future.
Parameters of the Babel robot:
1. Long position Buy opening is allowed.
2. Short position Sell opening is allowed.
Allow opening Buy and / or Sell positions, respectively. "True" means allow.
If both parameters are set to "false", then the robot deletes all pending orders and switches to indicator mode.
3. Minimum Buy trend strenght for open long position Buy.
4. Minimum Sell trend strenght for open short position Sell.
Decreasing the parameter increases the profit, but also increases the drawdown in the balance, funds. A value below 2.0 sharply increases the risks.
5. Base Spred multiplier.
It allows to arrange account's or Broker ’ s spread size.
6. Spred multiplier for Increasing a position.
It is a base for calculating a distance of market movement for increase a position.
7. Spred multiplier for Decreasing a position.
It is a base for calculating a distance between In (increase) deals and Out (decrease) deals.
8. MN1 Time Frame is allowed
"True" means to put a pending orders into MN1 Fibo lines. Needs a big market history, which some time is absent in broker's server.
9. Monetary negative profit for partial decrement position
Operates like partial Stop Loss.
10. Monetary negative profit for Stop Loss line calculating.
The absolute (in the deposit currency) value of the negative position equity for calculating the Stop Loss level.
The Babel robot calculates position equity, which can be not equal to the position profit
For example, the profit on a position may be positive (usually it is displayed in the lower right corner of the terminal on the Trade tab),
but taking into account Swaps, Commissions, Fees and the results of deals, position equity may be negative.
11. Monetary profit for decrement position by minimal lot
The absolute (in the deposit currency) position equity value for the position decreasing by minimal lot.
12. Monetary profit for Take Profit line calculating.
The absolute (in the deposit currency) position equity value for calculating and setting Take Profit.
13. Lot for Pending Orders H1 TF.
Lot size for pending orders in H1 Time Frame.
14 - 17. Lots sizes for pending orders in H4, D1, W1, MN1 Time Frames.
ATTENTION! The MT5 platform removes Stop Loss and Take Profit when pending orders to increase the position volume are triggered . Therefore, it is important to keep the robot switched on.
Before shutting down the robot, switch it into indicator mode (parameters #1 and #2 are "false") for deleting pending orders and make sure there is a Stop Loss.