Strategies
My robot is designed for flexibility: It can be simple when using the provided PRESETS, or highly customizable for advanced traders who want full control over every parameter. However, building an effective PRESET requires a solid understanding of average price strategy using a Grid, which can be complex.
Due to the extensive number of parameters and the need for trading experience, I don’t offer a full manual. Most settings depend on each trader’s personal strategy, and a comprehensive guide would likely be overwhelming.
The robot can operate with any symbol available in the broker, but simply selecting a symbol and activating the robot is not enough. Doing so without adjustments poses a high risk of financial losses, as each symbol has unique characteristics. Therefore, it is essential to make adjustments and optimizations to the robot's parameters.
My preferred pairs is AUDCAD on the M5 TimeFrame. It has low volatility, tends to revert quickly to its average price, and is less affected by news. This makes it ideal for Grid strategies, with controlled drawdown and smoother recovery during volatile periods.
I also offer PRESETS for other symbols and Multi Symbol configurations to diversify investments. These strategies are more aggressive, as they involve opening multiple orders simultaneously.
Symbols like Gold and Bitcoin, which follow strong trends, are not suitable for my strategy.
Before trading, it’s crucial to run Backtests using your chosen PRESET, Symbol, and TimeFrame to ensure the results meet your expectations.
My Strategy Mechanics::
Signal: I typically use the Envelopes indicator: Buying when the price drops below the lower band and selling when it rises above the upper band.
Grid Orders: If the price moves against the initial position, grid orders are placed at fixed intervals. A timer is sometimes used to prevent excessive entries during sharp price movements.
Lot Sizing: Lot sizes increase gradually based on the number and timing of open orders. This approach is safer than martingale, which aggressively doubles lot sizes and increases risk.
Drawdown Control: Profitable trades are used to partially close losing positions, helping reduce drawdown while still generating profit. If drawdown becomes too high, the TakeProfit is lowered to accelerate order closures.
Dual Direction Trading: The robot operates on both buy and sell sides simultaneously, creating independent grids based on indicator signals for each direction.
The PRESETS I recommend are:
These are optimized for AUDCAD: NoPain, NoPain 30Stop, UpFuji, NoStress, UpHill and UpMountain.
If you want to diversify, has the options in Multi Symbols mode: EasyGoal and MinorForce.
Additionally, I use other PRESETS to diversify my capital. However, some are more aggressive, either by incorporating more Symbols or pursuing higher profitability.
The difference between the PRESETS is the creation of the Grid, changes in step distances, time blocks between orders, closing modes, etc.
The values below are based on backtesting and trade history, but past results do not guarantee future results, as Forex is high risk.
Be aware of the risk involved when using the Robot, assuming responsibility for monetary losses or gains, as profit or positive result is not guaranteed and may cause loss.
PRESETS
Details of my PRESETS are listed according to symbol, minimum balance, and risk level. I use all my PRESETS in the M5 Timeframe.
Only AUDCAD in M5: I use AUDCAD because this symbol fluctuates little and quickly returns to the average price, pairs with USD tend to follow strong trends and suffer a lot in the news.
NoPain: Balance 1200 USD, seeking 3%, conservative risk, 20% drawdown projection from backtest.
NoPain 30Stop: Same strategy as NoPain, but with StopLoss if drawdown is 30% of the balance.
UpFuji: Balance 600 USD, seeking 6%, moderate risk, 40% drawdown projection from backtest. Same strategy as NoPain, but with half the balance to be more aggressive, multiplying the profit and drawdown by 2.
GoGreed: Balance 300 USD, seeking 12%, high risk, 80% drawdown projection from backtest. Same strategy as NoPain, but with 1/4 of the balance to be more aggressive, multiplying the profit and drawdown by 4.
NoFear: Balance 1200 USD, seeking 3%, conservative risk, 20% drawdown projection from backtest.
UpDenali: Balance 600 USD, seeking 6%, moderate risk, 40% drawdown projection from backtest. Same strategy as NoFear, but with half the balance to be more aggressive, multiplying the profit and drawdown by 2.
NoStress: Balance 600 USD, seeking 4%, conservative risk, 30% drawdown projection from backtest.
UpEverest: Balance 400 USD, seeking 6%, moderate risk, 45% drawdown projection from backtest. Same strategy as NoStress, but with 2/3 of the balance to be more aggressive, multiplying the profit and drawdown by 1.5.
NoWorry: Balance 600 USD, seeking 4%, conservative risk, 30% drawdown projection from backtest.
UpK2: Balance 400 USD, seeking 6%, moderate risk, 45% drawdown projection from backtest. Same strategy as NoWorry, but with 2/3 of the balance to be more aggressive, multiplying the profit and drawdown by 1.5.
UpHill: Balance 1200 USD, seeking 5%, moderate risk, 40% drawdown projection from backtest.
UpMountain: Balance 1200 USD, seeking 5%, moderate risk, 40% drawdown projection from backtest.
Multi Symbols in M5: If you want to diversify, has the options in Multi Symbols mode.
EasyGoal (AUDCAD and EURUSD): Balance 1200 USD, seeking 5%, moderate risk, 40% drawdown projection from backtest.
RetireNow (AUDCAD and EURUSD): Balance 3000 USD, seeking 3%, moderate risk, 40% drawdown projection from backtest.
TriForce (EURUSD, AUDUSD and AUDCAD): Balance 3000 USD, seeking 3%, moderate risk, 40% drawdown projection from backtest.
MinorForce (AUDCAD, AUDNZD and NZDCAD (Minors)): Balance 1200 USD, seeking 5%, moderate risk, 40% drawdown projection from backtest.
MajorForce (EURUSD, GBPUSD, USDCAD, AUDUSD and NZDUSD (Majors)): Balance 1700 USD, seeking 5%, moderate risk, 40% drawdown projection from backtest.
