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Alive Times mt5

Professional Forex Expert Advisor Alive Time
Alive Time is a professional forex expert advisor designed to analyze the EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, EURGBP, EURJPY, NZDUSD, USDCAD, EURCHF and AUDJPY currency pairs using the Elliott Wave Theory. This theory interprets market processes through a system of visual models (waves) on price charts.

The main principles of the Elliott Theory:
Eight waves: The Elliott Theory identifies eight alternating waves: five with the trend and three against the trend.
Trend and corrective waves: Price movement on the market takes the form of five waves, three of which (1, 3, 5) are directed along the trend, and two (2, 4) are against the trend. The first are called motive or impulse waves, the second are corrective or rollback.
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.
Wave structure: Motive waves have a five-wave structure, and corrective waves have a three-wave structure. One full cycle consists of eight waves and two phases: a five-wave motive phase (designated by numbers) and a three-wave corrective phase (designated 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.
Alive Time works on the basis of a complex transaction control algorithm and functions automatically. The user can set take profit and stop loss levels, both real and virtual.

Forex bot parameters:
  • Fix Lot: Fixed lot.
  • Money-Management On: Money 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.
Bot operating environment:
Currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF.
Timeframe: H1.
Maximum spread: Up to 20 pips.
Maximum drawdown: Up to 30% (with a deposit of $1,000).
Required deposit: $10,000 (or equivalent in another currency).
Alive Time combines advanced technologies and time-tested analysis methods, making it a powerful tool for successful trading on the Forex market.


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