Trading Robots for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Introducing Black Angel: Professional Expert Advisor for Forex Trading
Black Angel is a powerful trading bot, specially designed for EURUSD and GBPUSD currency pairs, using Elliott Wave Theory for market analysis. Elliott Wave Theory allows you to interpret market processes through a system of visual models on price charts, which makes the analysis more accurate and predictable.
Basic Principles of Elliott Wave Theory
Elliott Wave Theory, developed by Ralph Elliott, identifies eight types of alternating waves: five with the trend and three against the trend. According to this theory, price movement in the market is formed in the form of five waves, where three waves (1, 3, 5) represent directional movement, and two waves (2, 4) are corrective.
Key properties of the five-wave model:
- Wave 2 never crosses the starting point of wave 1.
- Wave 3 is never the shortest.
- Wave 4 never enters the price territory of wave 1.
Unique Features of Black Angel
Automatic Trade Control: Black Angel fully automates the trading process by analyzing the market and making decisions based on the Elliott Wave Theory.Take Profit and Stop Loss Settings: Users can set both real and virtual take profit and stop loss levels, providing flexibility and accuracy in risk management.
Bot Setting Parameters:
- Fix Lot: Fixed lot size for each trade.
- Money-Management On: Activate money management.
- Money-Management: Calculates the lot size depending on the deposit.
- Lot Decimal: Rounds off the lot size.
- Stop-Loss: Sets the stop loss level.
- Take-Profit: Sets the take profit level.
- vStop-Loss: Virtual stop loss to lock in losses.
- vTake-Profit: Virtual take profit to lock in profits.
- Magic Number: Unique identifier of orders.
- Maximum Permissible Spread: Spread limit for trades.
Recommended environment for Black Angel:
- Currency pairs: EURUSD, GBPUSD.
- Timeframe: H1.
- Maximum spread: up to 20 pips.
- Maximum drawdown: up to 30% of the initial deposit (for example, for a deposit of $1000).
- Recommended deposit: $10,000 or equivalent in another currency.
Why choose Black Angel?
Black Angel combines advanced analytical methods with an intuitive interface and powerful tools for automated trading. Its algorithms, based on the Elliott Wave Theory, allow users to effectively manage their investments and minimize risks. Regardless of your trading experience, Black Angel will provide you with all the necessary tools for successful trading in the Forex market.
