GBot EA Trend EA
GBot Detailed Description:
GBot is used as a trend EA for EURUSD M30. Its innovative strategy involves stopping losses and letting profits run for a while. After the trading conditions are met, it opens one position and observes the status. If there is a possibility of profit, it continues to open another position, letting the profits accumulate. It eventually reaches up to five positions, resembling a bit of a martingale strategy. Conversely, if the observation after opening one position does not yield favorable results, it quickly stops losses and returns to the initial observation state, waiting for another opportunity. It's quite intelligent.
Currency Pair: EUR/USD
Timeframe: M15
Trading Strategy:
This EA is based on two different periods of volatility and operational indicators. When volatility changes, signaling the start of a trend, the EA opens a position. The key lies in position management rules: if the market is unfavorable, trades will be closed promptly (with an average loss of 30 pips). However, if the market is moving in the right direction, it starts adding to existing positions until it reaches five times the original size. Of course, sometimes the market reverses, but when it's moving favorably, the results are correspondingly good.
Installation method:
After purchase, copy the Ex4 file to the MQL4/Experts folder in your MT4 platform.
Restart the MT platform (or in MT4, go to [View] - [Navigator] - right-click [EA Trading] - refresh).
First, open the currency pair, drag the strategy onto the chart, and you don't need to open charts for other currencies.
There is no 100% accurate trading system in the world, and any excellent trading system also has periodic flaws. Having an additional reference signal is like having additional guidance. We wish you all success!
