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Gyroscope New

Professional forex expert Gyroscope New is designed to analyze the market of currency pairs EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF and AUDJPY using the Elliott wave index. Elliott wave theory interprets market processes through a system of visual patterns (waves) on price charts.

The author of the theory, Ralph Elliott, identified eight alternating waves: five along the trend and three against the trend. The price movement in the market takes the form of five waves, of which three (1, 3, 5) are directed along the trend, and two (2, 4) are directed against the trend. The first ones are called driving or impulse waves, the second ones are called correctional or retracement waves.

According to Elliott, the five-wave pattern has three constant properties: wave 2 never crosses the starting point of wave 1, wave 3 is never the shortest, and wave 4 never enters the price territory of wave 1. Motive waves have a five-wave structure, and corrective waves have a five-wave structure. three-wave. One complete cycle consists of eight waves and two phases: a five-wave driving phase, indicated by numbers, and a three-wave corrective phase, indicated by letters. For example, if wave 2 corrects wave 1, then the sequence A, B, C corrects the entire sequence of waves from 1 to 5.

Gyroscope New works based on a complex transaction control algorithm and functions automatically. The user can configure take profit and stop loss levels, both real and virtual.

Forex bot parameters:

Fix Lot: fixed lot.
Money-Management On: capital management, forms a lot depending on the deposit.
Lot Decimal: Lot rounding.
r Stop-Loss: real stop loss.
r Take-Profit: real take profit.
v Stop-Loss: virtual stop loss.
v Take-Profit: virtual take profit.
Magic Number: magic number.
Maximum Permissible Spread: spread limit.
Environment for the bot:

Currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF.
Timeframe: H1.
Maximum spread: up to 20 pips.
Maximum drawdown: up to 30% (with a deposit of $1000).
Required deposit: $10,000 (or equivalent in other currency).
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