Price action auto trade bot
PRICE ACTION Semi-auto trade bot: (SPECIALLY DEIGNED FOR XAUUSD )
This is mainly an automatic pattern tool that improves performance with a custom position management algorithm for stability .
The automated part scans the market and makes entries and exits with calculated position sizes based on change in price action.
Best auto-trade pairs: GOLD(XAUUSD) : Place it on any symbol or timeframe
Preferred time frames 1h and above but higher time-frames are more stable with price action.
- The position sizes are based on risk percentage of trade account -and this helps the client account to expand and grow faster without incurring high risk.
- The EA employs some institutional techniques which gives it an edge in the long run
- the default risk is going to be less than 1% for stability .
- the results per asset vary with the risk percentage but at 1% risk per trade on 1 hour timeframe ,the results per asset compound to averagely 70% per year depending on market condition.
NB: Standard accounts are preferred and well regulated brokers are advised to avoid unnecessary losses eg slippages and very large spreads.
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copyright @ GABRIEL MATOVU, BSc. Quantitative Economics, MAKERERE UNIVERSITY