Forex Bot Eli5

Some believe that the more complex an advisor works, the more profit it will bring. However, this is not always the case. Often, the simplest advisors remain at the top. ForexBot Elite is a bot based on basic indicators. It does not follow the path of least resistance but invites you to join its work using simple algorithms. ForexBot Elite operates based on multiple moving averages and their interaction. Using a unique Fibonacci-based moving average interaction algorithm, the bot executes trades in the Forex market. After making a trade, the bot successfully and correctly manages it. The bot has various methods to exit a series of trades. It works with multiple currency pairs, using an hourly timeframe and a deposit starting from $1000.

Section #Money Management

• Volumes – lot size on Forex;
• MoneyManagementOn - controls money management;
• BaseBalanceMoneyManagement – base balance for money management. Here you set the virtual deposit to calculate the trading volume;

Section #Setting Seria

• LimitOrders - limits the number of orders in a series;
• StepOrders - minimum step in points between neighboring orders;
• LevelDifference - gap between neighboring bars for orders;

Section #Setting Order Support

• StopLoss - sets automatic Stop-Loss;
• TakeProfit - sets automatic Take-Profit;
• VirtualStopLoss - sets virtual Stop-Loss;
• VirtualStopLoss - sets virtual Take-Profit;
• TrailingStart - sets Trailing-Start;
• TrailingStop - sets Trailing-Stop;

Section #Setting Other

• MagicNumber - magic number;
• TypeFilling - volume filling policy;

Sections #PolyFiboMA 1 ... #PolyFiboMA 233

• LengthMA..., ShiftMA..., MetodMA..., AppiedPriceMA - indicator parameters.