*Entry Point with Fibonacci:* Wait for the price to pull back to Fibonacci levels (38.2%, 50%, 61.8%) to enter trades in the direction of the trend. *
*Position Management:* Start with 0.01 lot size, set dynamic Stop Loss and Take Profit based on bot's price mode. Use DCA (Dollar-Cost Averaging) up to 4 times. *
*Daily Profit/Loss Management:* Set daily stop loss and take profit limits.
*Stable Growth:* With a \$1000 account, to manage a \$500 drawdown: *
*Total Stop Loss:* Stop trading if the account drops to \$100. *
*Total Take Profit:* When the account reaches \$1500, withdraw some profits. This strategy helps manage risk effectively and keeps your account stable. Wishing everyone successful testing! ---
*===========Specific Inputs=============* *
*Max Account Loss:* 100 *
*Max Account Profit:* 500 *
*Daily Loss Limit:* 50 *
*Daily Profit Target:* 100 *
*Trade Volume:* 0.01 *
*Profit/Loss Setting:* Based on price percentage *
If you use the complete optimization function of MT5, you can find many optimal parameters for your forex bot without spending too much time training. With it, I can create my own session restriction matrix
Please share the functionality you would like to have, and I will research and integrate it into the bot.
Trading Strategy Combining MA and Fibonacci with Simple DCA*
*How It Works:*
*Trend Identification: Use 2 Moving Averages (MAs). *
*Entry Point with Fibonacci:* Wait for the price to pull back to Fibonacci levels (38.2%, 50%, 61.8%) to enter trades in the direction of the trend. *
*Position Management:* Start with 0.01 lot size, set dynamic Stop Loss and Take Profit based on bot's price mode. Use DCA (Dollar-Cost Averaging) up to 4 times. *
*Daily Profit/Loss Management:* Set daily stop loss and take profit limits.
*Stable Growth:* With a \$1000 account, to manage a \$500 drawdown: *
*Total Stop Loss:* Stop trading if the account drops to \$100. *
*Total Take Profit:* When the account reaches \$1500, withdraw some profits. This strategy helps manage risk effectively and keeps your account stable. Wishing everyone successful testing! ---
*===========Specific Inputs=============* *
*Max Account Loss:* 100 *
*Max Account Profit:* 500 *
*Daily Loss Limit:* 50 *
*Daily Profit Target:* 100 *
*Trade Volume:* 0.01 *
*Profit/Loss Setting:* Based on price percentage *
*Strategy Mode:* Normal DCA Mode *
*DCA Ratio:* 1/2/3/4 * *DCA Distance:* 100/100/100/100 *
*Default DCA Mode:* Negative *
*Auto Trade:* True *
*---Indicators---* *
*Dual Moving Average:* Short MA = 5, Long MA = 20, Timeframe = M1 *
*Fibonacci:* Enabled
If you use the complete optimization function of MT5, you can find many optimal parameters for your forex bot without spending too much time training. With it, I can create my own session restriction matrix
Test table with a capital of $100: