Description
How does it work?
IFR 2 Storm checks the value of RSI 2 for each new candle, making only buy entries. When RSI 2 is below the configured parameter, the first entry is made. If the configured take profit is not reached ([default] maximum of the two previous candles) by the close of the next candle, the second entry is made. If the take profit is not reached by the start of the next candle, the third entry is made. The stop loss is not calculated in price, the stop loss is calculated in candles (default 5 candles after the third entry).
Advantages:
- Although this is RSI 2, the RSI period is adjustable.
- The value that defines the oversold market is adjustable.
- Candle amounts for adjustable stop loss.
- Number of previous candles for calculating adjustable take.
Recommendations
- Currency pair: XAUUSD, GOLD
- Timeframe: 12H
- Minimum deposit: $1000
Risk Warning:
Before you buy RSI 2 Storm, please be aware of the risks involved. Past performance is no guarantee of future profitability (cBot may also have losses). The backtests shown are highly optimized to find the best parameters, so the results are not transferable to real trading. Do not invest or risk money that you cannot afford to lose.
Summary
Key adjustable parameters include the RSI period, oversold threshold, number of candles for stop loss timing, and the number of previous candles used to calculate take profit. The bot is recommended for trading the XAUUSD (Gold) pair on a 12-hour timeframe, with a suggested minimum deposit of $1000. Users should consider the inherent risks of trading and the limitations of backtested results when using this bot.
Customer reviews
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