Important Note:

  • Please refrain from trading these bots live; consider using them as signals.

  • Supervision is crucial, especially for this strategy, so all bots have the option to turn off trading by default.

  • MAOnePeriod : The first EMA, default to 9.

  • MATwoPeriod : The secondEMA, default to 20.

  • MAOneAppliedPrice : The first EMA applied price, default to using the CLOSE.

  • MATwoAppliedPrice : The second EMA applied price, default to using the CLOSE.

  • MAOneMode : The first EMA mode, default to using the Exponential.

  • MATwoMode : The second EMA applied price, default to using Exponential.

  • MAOneShift : The first EMA shift, default to using zero.

  • MATwoShift : The first EMA shift, default to using zero.

  • distanceFromMAOneinPips : This sets a buffer in terms of pips to how far you need the price to move to for the bot to start placing sell limits.

  • incrementalOpenTradesEveryXPips : This is the difference in pips between the sell limit orders placed .

  • theMagicNumber : this is a unique bot identifier

  • theLotSize : the volume

  • maximumSellStopOrdersToBeOpen: maximum number of sell limit orders to be open at any one time

  • tpPips : take profit in pips

  • takeTrades : when set to true, the bot will place a sell limit order. When set to false the bot will not place a sell limit order.

  • notifications : when set to true the bot will send notifications when a sell limit order is placed.

What's Next?

  • All 4 modifications will be tested on a Virtual Private Server (VPS) for a week on a demo account. If you're intrigued and want to follow the strategy, join our Discord channel and look for the bot1 channel.

Wamaitha Nyamu

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👩‍💻 Work with me on your trading bot here.