Gold Robot from JusTradeIt Real Account Stopped test

Metatrader Expert Advisor

Abandoned Test

Description from product owner: The algorithm scans the market to identify ideal times for trading and to filter out problematic trading times, it’s done in the following way: The robot gathers information from several of different sources and indicators: Moving Averages, ATR, StdDev. All the collected information is converted into a unique formula [based on the statistics of many years] and according to this, the robot determines the current state of the market (Market strength, trends, shuffle, etc.) When determined by the algorithm that the market is currently ideal for trading, the robot will open positions based on several models that based on understanding of the market movements, strong patterns and critical price levels. The position management is done in a special way with a stop-loss and a take-profit according to the market. In addition, the stop-loss is trailed forward with the market movement. The position is divided into 3 different profit targets per third of the position, to maintain diversification and stability. The robot operates on 12 currencies-pairs, and in each currency-pair, it operates on several time frames, so that we have additional dispersion on the investment portfolio. Risk Level Explanation: Fixed Lot: Fixed lot size to use for all triggered positions. Risk Low: Lot size is determined by the Margin Level at the position opening time: Margin Level above 2,000 => up to 0.05 lot for each position Margin Level above 1,000 => up to 0.02 lot for each position Margin Level below 1,000 => opening position will not trigger Risk Medium: Lot size is determined by the Margin Level at the position opening time: Margin Level above 2,000 => up to 0.3 lot for each position Margin Level above 1,000 => up to 0.1 lot for each position Margin Level above 500 => up to 0.02 lot for each position Margin Level below 500 => opening position will not trigger Risk High: Lot size is determined by the Margin Level at the position opening time: Margin Level above 5,000 => up to 10 lot for each position Margin Level above 2,000 => up to 0.5 lot for each position Margin Level above 500 => up to 0.1 lot for each position Margin Level below 500 => opening position will not trigger