needThaiBot Trend Follow is a trend-following trading bot designed for algorithmic and technical analysis. It focuses exclusively on strong buy and strong sell signals to enhance accuracy and efficiency, aiming to maximize consecutive winning trades. Users control volume lots and margin settings while the AI manages trade execution.
The bot supports trading across multiple markets and instruments, including gold (XAUUSD), forex, stocks, ETFs, indices, commodities, currency indices, cryptocurrencies, and CFD forwards. It operates primarily on a day trading style with medium trade frequency and uses Heikin Ashi charts on a 15-minute timeframe.
Risk management features include fixed lot and fixed risk percentage models, with tools such as stop loss, take profit, trailing stop loss, daily stop, max drawdown guard, and spread filter. The bot is optimized for leverage up to 100 and allows up to five simultaneous positions with a maximum lot size of 1. Recommended minimum balance is $200 with a risk per trade of 4%, daily drawdown limit of 2%, and maximum balance drawdown of 17%.
Users are advised to run the built-in genetic algorithm optimization to tailor the AI to their preferred timeframe and strategy. The bot is compatible with brokers like Pepperstone and is suitable for proprietary trading firms.