Forex trading can be a challenging and fast-paced market, but with the help of automated systems like forex bots, traders can make informed decisions with ease. A forex bot, also known as a computer program, uses algorithmic trading strategies to analyze the forex market and execute trades automatically.
In this blog post, we will dive into the workings of our forex A.I, how it can help you increase your profits, and some of the key features and considerations to keep in mind when taking the signals provided.
Our forex bot uses a unique approach by analyzing the market using a 15-minute time frame. It employs a mean reversion strategy, which means that it uses math-based indicators to spot when a currency is moving away from its average price. If the bot detects that a currency is getting too far from its average, it will predict its eventual return to the average price using a calculated probability. This strategy helps you make more informed decisions and improves your chances of success.
The forex bot will send you a signal at the end of each 15-minute candle, indicating whether you should take the opposite trade. You have two options to choose from:
- Option 1 is to immediately jump in and take the trade at the start of the next candle.
- Option 2 is to wait for a better entry point, which can help you capitalize on more pips.
Regardless of which option you choose, our forex bot will always set hard stops 20 pips away from the previous candle’s close or your new entry point, whichever is closer.
The take profit is set at 10 pips, but if it reaches 9 pips, we suggest closing 90% of your position to secure your profits.
If you have any questions or concerns about our A.I, our team is here to help via Telegram or E-Mail. Simply reach out to us and we’ll be happy to assist you. Additionally, we’ll keep you updated on each completed trade to keep you in the loop.