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Discussion in 'Forex Market MQL5' started by James Goldman, Sep 2, 2020.

Recruitment of participants
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  1. James Goldman

    James Goldman Moderator
    Staff Member Organizer

    Jun 15, 2020
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    Forex Gump Bot is a trading system developed in a combination of signals of several indicators of the ForexGump group. In particular, to
    analyze the market, the bot uses the signals of the You are not allowed to view links. Register or Login
    You are not allowed to view links. Register or Login and You are not allowed to view links. Register or Login
    indicators. The signals of the You are not allowed to view links. Register or Login
    and You are not allowed to view links. Register or Login indicators are also used.

    The bot trades according to the scalping strategy. First, the signals of four indicators are determined, after which the bot expects a sharp
    price movement in the opposite direction. When the price sharply went in the opposite direction, the robot opens a deal at a short
    distance. The transaction is closed upon receipt of a minimum profit. Therefore, the robot does not hold long open transactions. All
    open trades are closed within one or more candles.

    Forex Gump Bot is a fully automated trading system. A trader needs to install it on a chart (preferably on a VPS server) and then the robot will
    begin the trading process in a fully automatic mode. The bot will analyze the market itself, open and close deals.

    Features of the Forex Gump Bot:

    • with default settings, the robot trades on GBPUSD. For other currency pairs, you need to find other settings.
    • minimum trade deposit $ 100
    • Broker's recommended spread is up to 15 pips (1.5 pips).
    • recommended leverage 1: 500
    • It is recommended to run the bot on the VPS server so that it trades 24 hours a day.
    Forex Gump Bot settings:

    • increase - is the strength of the impulse. In this parameter, we indicate the strength of the momentum at which the deal
      will open. The larger this parameter, the stronger the price movement must be for opening a deal. If you specify the parameter is
      very large (more than 12), the robot will open deals only with large price movements. This can lead to the fact that the robot will
      open deals very rarely or will not open at all. If the parameter value is small (for example 4), the robot will open deals with small
      price fluctuations.
    • step - this parameter indicates at what distance a pending order will be placed from the current price.
    • trailingstop - virtual trailing stop size in points.
    • StopLoss - stop loss size.
    • TakeProfit - take profit size.
    • Lots - indicate the initial trading volume of transactions. Further, the trading volume will proportionally
      increase relative to the growth of the balance sheet. When the balance doubles from the initial one, the trading volume will also
      become twice as large.
    • spread - the maximum spread at which the robot will open deals.
    • Magic - the magic number of the robot.


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