needThaiBot Version 47 MkII is an AI-driven trading bot designed for advanced professional traders, offering enhanced price and risk control features compared to its predecessor. It allows individual adjustment of indicators and incorporates new strategies based on Fibonacci retracement and Elliott Wave analysis. The bot emphasizes trading only in strong buy and sell signals to improve accuracy and efficiency, aiming to maximize consecutive winning trades.
This bot supports trading across multiple markets and instruments, including Forex, Gold, Shares, ETFs, Indices, Commodities, Currency indices, Cryptocurrencies, and CFD Forwards. Users control trade volume and margin, while the AI manages trade execution. It includes advanced risk management options such as daily change control and maximum loss control, enabling tailored risk settings.
Optimization via a genetic algorithm is recommended to adapt the bot to specific timeframes and trading strategies. Default settings are advised as a starting point before customization. The bot integrates popular technical indicators like RSI, MACD, ATR, Bollinger Bands, and Supertrend to inform its decisions.
Overall, needThaiBot Version 47 MkII provides a configurable AI trading solution focused on strong market signals and comprehensive risk management across diverse asset classes.