Invest in Trend! Algo-trading Bot version

1️⃣ Why trend is your best friend?

It has higher probability to win the trade. Even if you bought in too early, if the overall direction is up, you’re still likely to win the trade as the entry direction aligns well with the market.

2️⃣ Martingale vs trend following bot?

Martingale: a recovery trading strategy that involves doubling down on a losing trade when a market is not going its direction!

This will only prolong your losing trade leading to a continuous / long drawdown time. You may even lose the whole capital quickly!

3️⃣ Why taking 10-15 pips is better than trying to catch 50-60 pips?

Lower risk! Imagine setting your profit at 50-60 pips and market DID go your way! Then it reached 10-15 pips and reversed to your stop loss! You won’t want that. Not knowing when to TP? Set every take profit at 10-15 pips. Get the profit quick and move on to your next trade 😎 Of course this is just 1 strategy and totally up to trader’s preference. Disclaimer: Not all strategies may work best this way.

4️⃣ Why you should not set a hard stop loss?

A rigid stop loss may not work for every trade and the bot is restrictive such that you can only add a fixed amount of points to the stop loss. Hence, an approach is to assess market conditions manually rather than a pre-set stop loss.

Disclaimer: Not a financial advice!!

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