Description
Hi all,
After a long time me and my team have done it.
After many other failed attempts, we have created this automation.
This bot does NOT replace the trader, but enforces him/her.
What do i mean by this?
I use this bot myself, but i do not let it run.
The only thing i have to do, is analyse the higher timeframe and ask myself: ''Do i anticipate price to go up, or down?''
If i cannot answer this question, i leave the bot off.
If i can, i turn the bot on in the desired direction.
I passed 2 funded accounts in 2 weeks this way.
This bot is a momentum trader.
It waits for a certain momentum, and a confirmation to it to enter.
It mainly works on a oscillator to determine momentum based on 2 different timeframes, and ATR levels.
Including some other smaller rules to keep it strict and controlable.
This bot can run on it self, but it is adviced to 'guide' the bot in a certain direction for more profitability.
To enlighten you on its profitability, our latest test/confirmation to that was to hand over a copy to a old friend of mine from the army.
This specific friend had 0 experience in trading.
He passed his first funded account within 2 weeks using this bot.
Thank you all.
- Bennie
Summary
The bot is intended to assist traders rather than replace them. Users analyze higher timeframes to determine the anticipated market direction and activate the bot accordingly, guiding it to trade either long or short. It supports a medium trade frequency and can manage up to two simultaneous positions with a maximum lot size of 100. Risk management features include dynamic and fixed risk models, stop loss, take profit, trailing stop loss, daily stop, max drawdown guard, spread filter, break-even, and session filters.
Backtested over one month with 30x leverage, the bot targets a 7% return on investment with a profit factor of 2.41. It is suitable for proprietary trading firms and requires a recommended minimum balance of $10,000. The bot executes market orders on a 1-minute chart resolution.
