Today we decided to share with you our great development in Forex trading, to give you a chance to evaluate it and “taste” yourself. This is an automated Forex Robot designed for GBPUSD and M30 timeframe. Its algorithm is quite simple but stable with a trailing stop included.
Open GBPUSD and M30 chart. Drag and drop Forex_SenSei_Robot from the Navigator panel to this chart. Check if you have the same settings.
Magic is the identifying code of any robot. It should be unique. It is also shown in Comments tab when orders are set. TakeProfit: fixed take profit value of the order. StopLoss: initial stop loss value of the order. Lot: Lot Size. Trailing – optional – you can switch it off.
EA Operating Peculiarities
Does not require a huge deposit;
Does not use indicators;
Does not use Martingale and grid;
Trades a fixed lot or % of your free margin;
Always uses Take Profit;
Always uses Stop Loss;
Profit deals are moved to breakeven and trailed;
Take profit, stop loss and breakeven can be adjusted automatically (basing on the current volatility) or have fixed values – at your choice;
Not sensitive to spreads;
Does not require optimization (if you use automated stop orders);
The EA will fit patient traders aimed at long-term result, saving and augmentation of capital funds. But medium-term traders might also be interested in the EA as deals are opened pretty often in case of usage of the whole patterns set.