Yes, that is exactly what it is like shown in the video a bot used to trade currency pairs in USD and transfer profits out using bitcoin into steem.
From my experience it is impossible to try and figure out where price is going in the market. This strategy is not trying to predict future price movements but take advantage of price fluctuations and reversion to the mean.
Positions are taken when the intraday trend is overbought or oversold (extended) when new highs or lows are made with the take profit as a reversion toward the mean.
The strategy is traded on the 8 hour time frame with orders being updated hourly.
If the trade get's too far away in the wrong direction the EA gets out of the trade with a small loss as soon as possible because there is no need to be "right" on any given trade. What the TP is doing is moving to -10 pips once the trade moves 1/2 atr against itself with a hard stop loss at 1x atr.
If the hard stop loss triggers on part 1 of 2 for the trade (two positions or each pair) then the TP is moving to -1/2 atr on the remaining positions with a hard stop loss of 2x atr.
So the two positions for the same pairs is kinda like one position with two parts.
Ok ! Your bot has made you wealthy ! I've tried many , but found nothing works better than the mind ! I wish you luck ! Happy trading ! So there's no bitcoin trading just a profit transfer from FX ?
Yes, that is exactly what it is like shown in the video a bot used to trade currency pairs in USD and transfer profits out using bitcoin into steem.
From my experience it is impossible to try and figure out where price is going in the market. This strategy is not trying to predict future price movements but take advantage of price fluctuations and reversion to the mean.
Positions are taken when the intraday trend is overbought or oversold (extended) when new highs or lows are made with the take profit as a reversion toward the mean.
The strategy is traded on the 8 hour time frame with orders being updated hourly.
If the trade get's too far away in the wrong direction the EA gets out of the trade with a small loss as soon as possible because there is no need to be "right" on any given trade. What the TP is doing is moving to -10 pips once the trade moves 1/2 atr against itself with a hard stop loss at 1x atr.
If the hard stop loss triggers on part 1 of 2 for the trade (two positions or each pair) then the TP is moving to -1/2 atr on the remaining positions with a hard stop loss of 2x atr.
So the two positions for the same pairs is kinda like one position with two parts.
Ok ! Your bot has made you wealthy ! I've tried many , but found nothing works better than the mind ! I wish you luck ! Happy trading ! So there's no bitcoin trading just a profit transfer from FX ?