I would like to present you my automated trading system for trend trading. It always trades in the direction of the trend, so basically you are almost always going be trading on the right side of the market (excluding times, when the trend changes).
Now what's the trend. You might heard some definition higher highs/ higher lows => uptrend, lower highs/lower lows => downtrend. But on the chart it's more complicated.
So we are doing huge datamining simulations on historical data on our cloud servers. Examining thousands of trends on various timeframes. We have found out some traits, that chart is showing to you in 85+% of trends. Based on this knowledge we have developed a mechanical strategy that discovers trend in an early stage.
We are checking it on weekly timeframe. That enables us to deploy the bot on a trend, let it trade and not to worry about it for serveral weeks. Some trends last like from weeks to months. So basically, trading trends, we do care only about 3 things and our strategy checks all of them.
Good entries (based on great reward/risk) Overbought/oversold levelt (high probable areas where the pulback in the trend my start) Exhaustion of trend (sign of weakness and trend polarity change)
We have implemented best trading principles in our trading bot like entering on limit orders only, to protect the trader from negative slippage or spread widening, layering orders (not putting all eggs in one basket), configurable parameters to adjust the bot to any trader’s risk profile.
I have checked performance of your trading system and i find it awesome. 3 months of trading, over 200 trades and consistent winning. I'm considering to buy, however i have some questions before: 1. what broker do you recommend for it? 2. is the trading system sensitive on the spread size? 3. on what FX pairs this system works best? 4. what account size do you recommend for the start? 5. on which timeframe do you trade this?
TrendScalpingEA and I would like to answer your questions: 1. Recommending MyFxChoice or Hotforex. 2. Not at all. This trading system trades 24h/day in any market conditions, the bigger the volatility is, the better profits. 3. On all trending pairs. Essential part of the trading success is to trade only trends, because your odds are much bigger than if you would just trade against it or on non-trading pairs. That's what is most important in trading, trade only when the chance of getting into profit is high. Like said above, we have developed mechanical trading strategy for discovering trends and it comes pre-bundled with the EA. 4. I would recommend any account with 1K capital or above. 5. The beauty is, that this EA it timeframe independent, it means, time plays no role in its trading, as it trades 24h/day.
You can trade it with any broker you want (our recommendation of brokers, you will find on our website). Spread doesn't matter, as we use the word scalping for taking chunks of profits from the trend. And you can trade it on any pairs, that are currently in trend (for the defintion of trend, you will need to know the straegy from our trading guide, that is part of the EA).
At first it wasn't a very profitable bot but after experimenting with the parameters it shows extensive gains on my trading life without even lifting a finger! Now i can sleep in peace at night and work without caring about my account.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.