Bias Detection Bot
- 专家
- Niquel Mendoza
- 版本: 1.10
- 更新: 14 八月 2024
General Description:
Unlock the power of precision trading with our Advanced System-Based Trading Robot designed for MetaTrader 5 (MT5). This expert advisor (EA) leverages a sophisticated Bias detection strategy, ensuring that your trades align with the prevailing market direction. Whether you're looking to capture trend continuations or anticipate market reversals, this bot provides the tools you need to trade with confidence.
Key Features:
Weekly or Daily Bias Strategy:
- Bullish Continuation (Buy): If the price breaks the previous candle’s high with the body and closes above it, the robot anticipates a bullish continuation and executes a buy order.
- Bearish Continuation (Sell): If the price breaks the previous candle’s low with the body and closes below it, the robot anticipates a bearish continuation and executes a sell order.
- Bullish Reversal (Buy): If the price breaks the previous candle’s low with a wick and closes above it, and the high does not exceed the previous open, the robot anticipates a bullish reversal and executes a buy order.
- Bearish Reversal (Sell): Conversely, if the price breaks the previous candle’s high with a wick and closes below it, and the low does not exceed the previous open, the robot anticipates a bearish reversal and executes a sell order.
Risk Management:
- Maximum Daily Loss (PMD): Customize your risk with options to set the maximum daily loss either by percentage or a fixed amount in your account currency.
- Daily Trade Limit: Limit the number of trades per day to avoid overtrading.
- Customizable Lot Size: Adjust the lot size according to your risk tolerance and account balance.
BreakEven and Profit Protection:
- Automatic BreakEven: Automatically move your stop loss to breakeven after reaching a certain number of points, ensuring you secure profits while minimizing risk.
Take Profit and Stop Loss:
- Flexible TP/SL Settings: Choose from predefined levels like previous day high/low (PDH/PDL) or customize your own points-based take profit and stop loss.
Technical Indicator Integration:
- RSI-Based Filtering: Enhance trade entries by applying an RSI filter to avoid overbought or oversold conditions.
Why Choose This Robot?
Designed with professional traders in mind, this bot offers unparalleled flexibility, precision, and reliability. Whether you are an experienced trader or a newcomer, this tool will help you make informed trading decisions, minimizing risk while maximizing potential returns.
Transparent Testing:
We have conducted fully transparent tests on symbols such as US30, ETHUSD, and XAUUSD (GOLD) using the strategy tester.
These results provide you with a clear view of our bot's performance under various market conditions.
Recommendations:
1. Lot Size Selection:
- It is crucial to adjust your lot size according to your maximum allowed daily loss. Our bot operates on two timeframes: weekly and daily. Depending on the timeframe you select, you can optimize your lot size more efficiently.
Weekly Operations:
- If you opt for the weekly timeframe, we suggest considering an increase in your lot size. For example, if you typically execute five trades a week with a 0.05 lot size each, you could sum these and use a lot size of 0.25 (0.05 * 5 trades) for the single weekly trade with this bot. This allows you to effectively concentrate your risk on a well-planned trade.
Daily Operations:
- If you prefer the daily timeframe, you can sum the lot sizes of your daily trades to adjust your lot size accordingly. For instance, if you make multiple trades in a day, calculate the total lot size you would use in a day and apply it to the bot's daily trade.
What to Do When Losses Occur:
- We recommend setting this to "close_position_with_profit" for the backtest.
Time Waiting to Make Profits:
This feature defines the maximum time, measured in candles, that the bot will wait before deciding what to do with the trade if the price has not moved in a favorable direction.
Specific Functionality:
Flexible Configuration:
- For example, if you select a value of 3 candles, the bot will evaluate the trade after these 3 candles. If the price has not moved in your favor, the bot will seek to close the position as soon as any profit, even minimal, is achieved.
Closing of Profit in Points:
- This parameter allows you to define an additional margin above the entry price, ensuring the trade closes with a specific profit in points. This value is added to the entry price to determine the exact point of trade closure. You can configure these points with the "Closing of profit in points" setting.
Extra Verification?:
Enabling (true) this option makes the bot more rigorous and selective when determining reversal points, ensuring greater consistency in the trading strategy.
Functionality:
Bullish Reversal:
- With extra verification enabled, the bot will identify a bullish reversal only when it detects two red candles followed by a green candle. Previously, the bullish reversal could include less precise setups, such as two red candles followed by another red candle.
Bearish Reversal:
- Similarly, the bot will consider a bearish reversal when there are two green candles followed by a red candle. In previous versions, less strict setups, such as two green candles followed by another green one, were allowed.
Recommendations for Maximizing Bot Performance
1. Break Even Calculation on 1-Minute Chart (1M):
Recommendation:
- For the highest precision in your trades, we suggest calculating Break Even points using the 1-minute timeframe (1M). This approach allows for fine-tuning, ensuring the break-even point is set optimally based on immediate market behavior.
2. Stop Loss (SL) and Take Profit (TP) Setup on Daily (D1) or Weekly (W1) Charts:
Recommendation:
- If you prefer to use fixed Stop Loss and Take Profit levels, we recommend calculating these levels on the daily (D1) or weekly (W1) timeframe. Based on our tests, a 1:1.5 ratio has proven effective. For example, you can set a Stop Loss of 1000 points and a Take Profit of 1500 points, balancing risk and reward effectively (this will depend on the points of each symbol).
3. Use of Low Lots to Minimize Risk:
Recommendation:
- We suggest trading with small lots, as this bot tends to reduce equity by 10% or more during its operation. Keeping the lot size low helps mitigate this risk and protect your capital, allowing for more sustainable trading over the long term.
If you have any questions, queries or problems with the bot, do not hesitate to contact us. You can email us at tradesystemsnique@gmail.com and we will make sure to get back to you as soon as possible.
