FX Pip Catcher is an automated Forex trading Expert Advisor ideal for GBPAUD. The robot analyzes the market and automatically determines entry points based on the identified price fluctuations. The robot uses a dynamic system of profit taking and risk control. To make an entry decision, the robot monitors the patterns by volume and filters the signals taking into account the levels of Pivot Points. The robot uses virtual floating Take Profit, Stop Loss. Decisions are made at the opening of the bar. The robot works only with its own orders.
Recommendations
Configured for GBPAUD , 5 digit quotes. Timeframe doesn't matter.
Shoulder: >200.
Use 0.01 lots for every 300-500 currency units. If the account is less than $300, use a cent account.
Before using it on a live account, test the EA with minimal risk.
Before testing, make sure you have a history of M1-H1 quotes
Settings
Lot calculation
ModeLots - lot calculation type:
ManualLot - lot is set manually;
PercentDeposit - recalculation of the trading lot, based on the PercentDeposit parameter;
LotSize - fixed lot size set manually;
PercentDeposit - percentage of the deposit to calculate the lot size;
Parameters
BetterPricePips - minimum step between grid orders;
kTakeProfit - coefficient for take profit (controlled by software);
kStopLoss - coefficient for stop loss (controlled by software);
kART - coefficient for calculating stops;
TimeFrameATR - ATR indicator timeframe;
PeriodATR - period of the ATR indicator;
Trailing stop
TrailingStart - trailing start. 0-not used;
TrailingStop - trailing stop;
TrailingStep - trailing step;
