needThaiBot Elliott Wave Strategy is a trading bot that combines Elliott Wave theory and Fibonacci retracement techniques to identify strong buy and sell signals. It incorporates daily change control and maximum loss control features to enhance risk management and optimize trading positions. The bot is designed for day trading with medium trade frequency and supports multiple markets including Forex, Gold, Shares, ETFs, Indices, Commodities, Currency indices, Cryptocurrencies, and CFD forwards.
Users control volume lots and margin levels while the AI manages trade execution, focusing on high-accuracy opportunities to maximize consecutive winning trades. It supports market order types and uses a dynamic risk model with tools such as take profit, stop loss, trailing stop loss, spread filter, and daily stop limits. The bot is compatible with the Pepperstone broker and uses Heikin Ashi charts on a 1-hour timeframe for analysis.
Backtesting data spans from February 2019 to February 2026 with leverage up to 400. It is suitable for proprietary trading firms and recommends a minimum balance of $1000 with a risk per trade of 4%. The bot includes an optimization feature using a genetic algorithm to tailor performance to user-selected timeframes. A usage guide video is available for setup and operation.