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BotIQ Flag Pattern No Martingale No Grid Systems

Hi!

This is a Bot I created for my own trading portfolio.

But was thinking that to build the trust with any of you guys to use my other systems,I put this one up for free. The only thing I am asking for is a honest review.

So if u like it and when u realise it it is actually a good working bot, u can look into the other bots that I have here on the market to add more strategies to your portfolio.

I always make bots without Martingale or Grid systems because I mainly make these bots for my own portfolio.

How this bot works:

  1. First it identifies a big Impulsive move using the ATR indicator.
  2. Then it measures the distance from high to low of the next candles that creates the flag after the Impulsive move.
  3. If that distance is small then it takes a trade for a continuation move.

In this way the pattern will be a Flag and the bot is trading the continuation.


Stats of 10 Year Backtest:

  • Gain: +153%
  • Total Trades: 269
  • Win Percentage: 76%
  • Profit factor: 1.38
  • Recovery Factor : 3.47
  • Max Drawdown: - 16.12%


Recommended Inputs on Screenshot.

Customize your risk level with the 'Risk' input to control maximum drawdowns.


Optimised and tested for USD/CAD on 30Min TimeFrame


Check out my Youtube for more strategies: 

https://youtu.be/SZNsOeMwCH8?si=U9L3zdsRT_WoslHV


And guys!

If u haven't figured it out yet I will tel you. There is no best strategy.

The only way to make it in the long term is to have a large portfolio of strategies that will even out your equity curve.

It is far better to have 10 strategies that can make 10% a year each, than one strategy that makes 100% a year.

Or you are screwed when that one good strategy don't work anymore. And maby you lost half your money then already.


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    Maksim Dmitriev
    5 (1)
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    Babak Alamdar
    4.18 (33)
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    Ho Tuan Thang
    3.94 (34)
    ONLY 2 COPIES OUT OF 10 LEFT AT $299! After that, the price will be raised to $399. Limited price $299 is only for 10 first sales. After 10 sales, the price will be raised +$100. Final price for Gold Trading Algo is $1999. IMPORTANT! Contact me immediately after the purchase to get instructions and Manual Guide to set up EA. Forex EA Trading Channel:  Update the latest news from me - REAL SIGNAL: Default Setting:   https://www.mql5.com/en/signals/2217326 Real operation monitoring as well as my
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    Bogdan Ion Puscasu
    4.91 (77)
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    Thi Thu Ha Hoang
    4.7 (27)
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    Xian Qin Ceng
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    Stanislav Tomilov
    4.26 (27)
    Aura Black Edition is a fully automated EA designed to trade GOLD only. Expert showed stable results on XAUUSD in 2011-2020 period. No dangerous methods of money management used, no martingale, no grid or scalp. Suitable for any broker conditions. EA trained with a multilayer perceptron Neural Network (MLP) is a class of feedforward artificial neural network (ANN). The term MLP is used ambiguously, sometimes loosely to any feedforward ANN, sometimes strictly to refer to networks composed of mult
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    ICT Concepts Improved
    Jimmy Peter Eriksson
    Introducing our ICT Trading Bot for MT5 A sophisticated solution designed to automate your trading. During the ASIA session, the bot identifies a customizable price range, allowing for strategic adjustments. Post-ASIA, it patiently awaits a liquidity grab above or below the established range. A key feature is the detection of a significant fair value gap candle in the opposite direction of the grab, its size measured against the ATR value. Subsequently, a limit order is strategically placed a
    BotIQ ATR Impulse
    Jimmy Peter Eriksson
    BotIQ ATR Impulse is a Expert Advisor that is NOT using Martigale or Grid Systems. Trading Approach: Identifies strong impulsive moves in the trend direction. Patiently waits for a pullback. Strategically enters positions to catch the momentum for a powerful continuation. Risk Management for Stability: Utilizes ATR-based impulse move, stop loss, and take profit. Ensures stable performance in various market conditions, including both high and low volatility phases. Development and Testing: De
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