MT5 netting the “ Babel Stochastic ” 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 plus Bollinger indicators and Stochastic indicators inform about oversold / overbought market. Than the robot places pending orders at the Fibonacci levels. Stochastic and Bollinger indicators help to increase or decrease the position. If market moves into favorable direction Babel Stochastic generates a Trailing Stop level. With reaching a target profit in USD or Trailing Stop level triggered the robot closes the position. The screen displays current results of work on the position, deals, trends and helps to trade manually.
Babel Stochastic has two stacks and remembers market levels when position was increased. First of them keeps 0.01 lots levels. The second keeps 0.02 and bigger lots levels. You can see first two levels from each of the stacks on the screen.
Very important: your account must be MT5 and "netting". Please double check it in your broker company. The “ Babel Stochastic ” doesn't work correctly with MT4 or "hedging" accounts. Please use a DEMO accounts before real one.
The Robot has better results with Prime accounts of Roboforex company ( spreads from 0 and commissions 0.01 USD only). Details are:trading/trading/trading- accounts/?a=tyxv
The materials presented below are informational ones and are intended solely for educational or informational purposes.
When using this product, Babel Stochastic - 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 Stochastic robot:
"True" means the robot opens a position with the smallest lot according to the preassigned market conditions and don't make any other trading activity.
"False" means there are no restrictions.
Hint: keep this parameter "True" after open a position by robot as long as possible. Change it into "False" on non volatility (stable, calm) market and return it into "True" after close the position.
Long position Buy opening is allowed.
Short position Sell opening is allowed.
If parameter #2 and #3 are "false", the robot operates as indicator.
"True" means there are no restrictions to add some lots or to place pending orders.
"False" means the robot will not place pending orders or increase the position.
"True" means the robot can place market orders to decrease the position or close the position.
"False" means the robot will not decrease the position or close it.
6. Negative profit (in pips) for Stop Loss line calculating.
Max loss in USD
8. Profit (in pips) for Take Profit line calculating.
You can specify a target profit in USD. Depend on the volume of a position this parameter can close a position before "Profit in pips" will be triggered (see parameter #5).
The Babel Stochastic robot makes a lot of small Buy - Sell or Sell - Buy transactions. It remembers levels of all increases and it decreases the position if market moves into profitable direction. Some transactions have a negative impact into deposit. But any case a single transaction has positive difference between in and out.
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, delete pending orders and make sure there are a Stop Loss and Take Profit red lines.