Trades are triggered when a candle breaks through, or reverses around a pivot point. Confirmation and advanced tools are available and explained below. Customization services are available for this robot via Help Desk requests.

Suggested Settings*

Chart Settings:

Account: sub account compatible 
Currency Pair: EURUSD
Compression: 15 min
Pivots: Weekly
Enable Midpoints: False

Order Settings:

Order Allotment: Multiple, same direction
Lots Amount: 50,000 to 100,000 units per $10,000 account balance
Stop Loss: 75 pips
Take Profit: 150 pips

Breakout Settings:

Enable: True
Line distance: 50 pips (minimum pivot to pivot distance)
Minimum bars: 4 (minimum number of confirmation bars after trigger candle)

Reversal Settings:

Enable: True
Line distance: 50 pips (minimum pivot to pivot distance)
Minimum bars: 4 (minimum number of confirmation bars after trigger candle)

Advanced: 

Sensitivity %: 10 (flexibility in rate to pivot vicinity as a % of pip to pip distance)
Noise filter %: 10 (distance that rate must move away before another entry)
Noise bar#: 5 (minimum number of bars before a new entry)

Risk Management:*

Risk per Trade (%):  risk percent of available margin, determines trade size
Min. trade size (lots): smallest trade size
Trade Size step (lots): amount to increment trade size
Standard lot size ($): 100,000 units for most brokers
One pip price ($): varies per currency pair.

*Advanced risk management parameters are available for experimentation. When Risk per Trade (%) is set to “0”, advanced risk management parameters are not applied. Otherwise, order size is based on these settings and overrides those set elsewhere.

BackTesting Mode

Fast/Hidden Compatible = Yes

Forum Discussion - Click here to discuss tips, suggestions and ideas with other traders.

*The suggested settings are based on historical backtesting for the year 2009. As the market changes, these parameters may also require changing. We recommend discussing optimization ideas with others on the FxSpyder Forum. Always keep in mind that past results are no guarantee of future results.