This robot detects reversals based on several factors including its strength and relationship to previous price candles. Customization services are available for this robot via Help Desk requests.

Suggested Parameters*

Chart Settings:

Account: sub account support available
Currency Pair: USDCHF
Compression: 30 min

Reversal Settings:

Trend Minimum Bars: 8
Min str, pips/min: 0.1
Reversal Minimum Bars: 2
Reversal confirmation: Entire candle

On Down-Up Reversal:

Lots: 50,000 to 100,000 units per $10,000 account balance
Direction: Buy
Stop-Loss Pips: 45
Take-Profit Pips: 45

On Up-Down Reversal:

Lots: 50,000 to 100,000 units per $10,000 account balance
Direction: Sell
Stop-Loss Pips: 45
Take-Profit Pips: 45

Risk Management:

Risk per Trade (%): 5 (risk percent of available margin, determines trade size)
Min. Trade Size (lots): 0.1 (smallest trade size)
Trade Size Step (lots): 0.1 (amount to increment trade size)
Standard lot size ($): 100000 (100,000 units for most brokers)
One pip price ($): 10 – (varies per currency pair)

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.