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GoldRadarPro

30 USD

Demo downloaded: 33

Published: 2 June 2024

Current version: 1.0

GoldRadarPro

Experts
Javier Diaz Perete
Version: 1.0
Activations: 5

The GoldRadarPro trading robot is designed to operate on the XAU/USD currency pair. Optimized for an M30 (30-minute) trading timeframe, it is ideal for traders seeking a balance between short-term and medium-term trading strategies.

Technical Indicators Used

Bollinger Bands: These are volatility bands placed above and below a moving average. The distance between the bands is based on the standard deviation, which changes as volatility increases and decreases. The robot uses Bollinger Bands to identify overbought or oversold conditions and potential breakout opportunities.
Rate of Change (ROC): This momentum oscillator measures the percentage change in price between the current price and the price a certain number of periods ago. The robot uses ROC to gauge the speed and magnitude of price movements, helping to confirm trends.
Relative Strength Index (RSI): This oscillator measures the speed and change of price movements, ranging from 0 to 100. The robot uses RSI to identify overbought or oversold conditions, with values above 70 indicating overbought and below 30 indicating oversold.
Vortex Indicator: This consists of two lines that capture positive and negative trend movement. The robot uses the Vortex Indicator to identify the start of new trends and potential reversal points.

These indicators help the robot assess market conditions, identifying potential entry and exit points based on a comprehensive analysis of price action, volatility, and trend strength.

Development and Testing

Extensive Backtesting: The robot has undergone extensive backtesting on historical data to ensure robust performance and effective risk management.
Forward Testing: Simulated in real-time market conditions to validate its effectiveness before commercial release.
Monte Carlo Robustness Testing: Passed Monte Carlo robustness tests to ensure reliable performance under various market conditions.

Configurable Parameters

Magic Number: A unique identifier for the robot’s trades, allowing users to distinguish between trades made by different robots or strategies.
Lots: The size of each trade, which can be adjusted based on the user’s risk tolerance and account size.
Exit on Friday: An option to close all open positions before the market closes on Friday.
Use Money Management: (true/false) If set to true, the robot will use a percentage of the total balance instead of a fixed lot size.
Risk Percent: The percentage of the account balance to be risked per trade when money management is enabled.
Lots: The fixed lot size to be used when money management is set to false.

It is recommended to activate money management based on risk or adjust the number of lots according to the account balance.

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Description of the Indicator The indicator "BullsBearsPulse" is designed for MetaTrader 5 and provides a visual representation of the Bulls Power and Bears Power indicators. These indicators are useful tools for technical analysis, particularly for the EUR/USD currency pair, to help traders identify potential trading opportunities. Functionality Bulls Power : This indicator measures the strength of the bulls (buyers) in the market. It calculates the difference between the highest price and a 20

30 USD

KeltnerMaster : The KeltnerMaster trading robot is designed to operate on the GBP/JPY currency pair. Optimized for an H1 (1-hour) trading timeframe, it offers a strategic approach for traders aiming to combine precision with adaptability in their trading. Technical Indicators Used Keltner Channels : These channels are based on an exponential moving average and are set above and below this average using a multiple of the Average True Range (ATR). KeltnerMaster uses Keltner Channels to identify t

30 USD

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