Fantom Bot

Forex advisor Fantom is one of the professional trend experts who trade using a mathematical apparatus that helps interpret processes in financial markets through a system of visual models (waves) on price charts and computer analysis. A trend Forex trading robot is based on technical indicators, filters and wave patterns that indicate the current market movement, and transactions are opened according to its trend.

Also, the trading robot on the stock exchange also has several money management policies:

• With a static lot, the robot opens all trades with the same volume.
• With a dynamic lot - the robot varies the position size taking into account the deposit volume.

Orders can be closed based on the set stop loss and take profit, or trailing orders can be used using a separate indicator. The Expert Advisor is a stable robot that is designed for long-term operation in various market conditions, but it may take some time to reach profit.

False positives are filtered by margin offset. Borders are considered the most convenient and effective method of protection in the Forex market. The Fantom tool is a universal assistant that you can use when working on many currency pairs. To download it for free, a test version is available on the website.

The Fantom trading robot can track dozens or hundreds of quotes, instantly perform complex calculations, make decisions and immediately place orders. There is no way a person will be able to analyze so much information so quickly. Traders who use large volumes of complex calculations in their trading system, who trust Fantom to trade, gain an advantage over their colleagues who trade the old-fashioned way. Traders who do not use robots are, in principle, forced to reduce the number of instruments traded, increase the time intervals used (timeframes) and abandon promising but complex trading systems.

The Fantom trading robot does not make mistakes, it follows the established algorithm, all input and output data are calculated with an accuracy of several decimal places. When submitting an application, Fantom will not accidentally type an extra zero or put a comma in the wrong place. Traders who trade manually can sometimes make mistakes both in calculations and when placing orders.

The Fantom trading robot is not subject to emotions. Many traders, especially beginners, exposed to an emotional impulse, make transactions that contradict the logic of the trading system and in most cases such transactions turn out to be unprofitable. The trading robot always strictly adheres to its logic. He doesn’t listen to “gurus” in the smoking room, who know exactly where the price will go, he doesn’t get scared by three losing trades in a row, and he doesn’t have a bad mood.

The Fantom trading robot does not get tired; it is ready to work 24 hours a day. You can go about your business, work, sleep, relax, and your Fantom can trade. If you trade manually, you will not be able to spend 100% of your time on the computer, even if the trading session on the exchange is only 8 hours. By being away from the computer, a trader may miss an important signal for entry or exit, and this may cause losses.

The dominant Elliott wave algorithm can be described as follows: there are eight variants of alternating waves (of which five are with the trend and three are against the trend). Price movements in markets take the form of five waves. Three of them (1, 3, 5) cause directional movement. They are interspersed with two oppositely directed waves (2.4). The first are called driving, impulse, the second - corrective, retracement. According to the diagram, the five-wave pattern has three constant properties: wave 2 never crosses the starting point of wave 1; wave 3 is never the shortest of the waves; wave 4 never enters the price territory of wave 1. Moving waves have a five-wave structure, correctional waves have a three-wave structure (with variations). One complete cycle consists of eight waves and two phases: a five-wave driving phase, the internal waves of which are indicated by numbers, and a three-wave correctional phase, the internal waves of which are indicated by letters. Example - if wave 2 corrects wave 1, then the sequence A, B, C corrects the entire sequence of waves from 1 to 5.

Recommendations for the bot:

• Currency pair - test the appropriate one.
• TimeFrame - H1.
• Recommended deposit is $10,000.

Basic parameters of a Forex bot:

• MagicNumber - Magic number.
• SpreadMaximum - Spread limit.

Auto close options:

• rStopLoss - Stop loss.
• rTakeProfit - Take profit.
• vStopLoss - Virtual stop loss.
• vTakeProfit - Virtual with take profit.

Money management policy parameters:

• Lot - Fixed lot.
• RiskOn, RiskBase- Forms a lot depending on the deposit.
• LotDecimal - Lot rounding.