In order to create a successful trading strategy in the Forex market, it is critical to correctly determine the trend direction. Our newly developed trading robot analyzes the intersection of two moving averages (Moving Average), the position of the RSI indicator in the overbought and oversold zones, and the volatility values determined according to the average of the last 50 candlesticks to determine the trend direction. If the volatility rises above the determined threshold level and other indicators support the trend direction, the robot evaluates it as a reliable signal and opens transactions accordingly.
In the direction of the detected trend direction, "buy" transactions are opened if the price is uptrend, and "sell" transactions are opened if it is downtrend. However, the robot is not limited to instant transactions; it also actively uses the hedge and grid system and opens pending stop and limit orders as far as the specified grid distance. Thus, it tries to protect itself against different movements of the market and achieve optimal profit.
One of the most important features of the robot is that pending orders are automatically canceled if the opened main transaction is closed. This way, there are no unnecessary open orders in the market and the risk is minimized. Thanks to stop and limit orders, the robot can quickly adapt to the new situation even if the trend direction changes. In addition, thanks to the dynamic trailing stop mechanism determined based on ATR and volatility data, a stop level calculated specifically for each transaction and varying according to the parity is used.
Flexibility is also provided to the user in terms of profit taking. When the percentage (%) value determined at the beginning is reached, transactions can be closed with profit. In addition, stop-loss (SL) and take-profit (TP) levels for each order can be adjusted manually in points or by determining the coefficient according to the ATR value. Thus, flexible risk management is provided according to different market conditions.
There is also the opportunity to determine a coefficient for pending orders. Thus, users can adjust the grid distances of pending orders according to their own strategies. In addition, by determining the maximum lot size limit, transactions are prevented from being opened with excessively high lot sizes. This is of great importance especially in terms of account management and provides more efficient risk control.
Finally, thanks to the robot's advanced information screen (Display Info), the name of the parity, trend direction and current profit value can be constantly monitored in three lines on each chart. Users can adjust the color and location settings according to their own preferences and turn this screen on or off whenever they want. All these features can be easily managed with the "True" or "False" options thanks to the user-friendly interface. Our new trading robot will allow you to adapt to market conditions in the best way with its powerful analytical capabilities and flexible configuration options.
“Open Trade as Loss” --> Buy + Buy Limit / Sell + Sell Limit
“Open Trade as Profit” --> Buy + Buy Stop / Sell + Sell Stop
“Hedge Strategy” --> Buy + Sell Stop / Sell + Buy Stop
INFORMATION:
"This robot works with default settings. Please make adjustments to your risk management and transaction strategy.
You can observe your performance by testing in the demo account."
If you like it, I would be very happy if you give it 5 stars.
Good luck...