- The robot only works on CADJPY M15 timeframe.
Price Action Strategy:
There are 3 signals to open a BUY order (opposite for a SELL order):
1. In a large uptrend, open an order when a small uptrend appears and add some sufficient conditions.
2. When the price is fluctuating in an uptrend band, open an order when the price returns to the old bottom and add some sufficient conditions.
3. In a marked uptrend, open an order when the price breaks above the top of a neighboring price and add some sufficient conditions.
- Stop loss: All trades have a stop loss. It relies on the Fractal indicator or the Super trend indicator or the neighboring price zone.
- Take profit: All trades have a set take profit. It is based on the Fractal indicator or the neighboring price zone or an optimal ratio.
- Capital management: Each entry signal is only one order. With 1 stop loss, and multiple take profit levels to maximize profits. Also relies on Kelly's capital management method to bet higher amounts on orders that are likely to yield larger returns.
- The bot is improved every day for better performance.
My other products:
https://ctrader.com/products/1269
https://ctrader.com/products/1271
https://ctrader.com/products/1272
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