Bollinger Pioneer Pro V170L01

The V170L01 trading robot represents a leading-edge solution for traders looking for a way to automate their trading strategies while maximizing their market exposure. This bot takes advantage of Bollinger Bands to precisely analyze and respond to market movements, making it suitable for both trending and sideways markets. The adaptability of the V170L01 allows users to fine-tune their trading approaches and minimize potential risks.

How the indicators work

V170L01 uses Bollinger Bands as the central indicator for trading decisions. These indicators consist of a middle band (mean) and two outer bands that reflect market volatility based on price standard deviation. The bot analyzes the location of the price relative to these bands to generate buy or sell signals, using settings such as Current Breakout, Close Above/Below and Bar Cross.

Description of the algorithm

The V170L01 algorithm is based on clear logic for opening and closing positions. It takes into account various factors such as the direction in which the price crosses the Bollinger Bands and integrates comprehensive risk management that includes elements such as stop loss, take profit and break-even options. This strategy is designed to limit losses and maximize profits.

Variables and their functions

• BBSeries, BBPeriods, Deviation, MA Type: Bollinger Bands settings.
• Cross Type, Cross Line, Cross Direction: conditions for opening trades.
• Take Profit Type, Stop Loss, Take Profit Value: Controlling risk management.
• Lot Type, Risk Source, Risk/Lot Value: Determination of trade size and risk level.
• Use BreakEven, BreakEven Start, BreakEven Profit: Settings for the break-even point to reduce risk.
• Max Orders, Use Reverse Trade: Limit the number of open orders and option to reverse trading direction.
  
  

There are a variety of input fields for the "Bollinger Pioneer Pro V170L01" bot that can be used to configure the bot and adjust its trading strategy. Here is a detailed explanation of these fields:

access data

01- Email & 02- PIN: These fields are required for identification and authentication of the user. The email address and PIN are essential to activate the bot and ensure that only authorized users have access.

Risk management

03- Lot Type: Determines whether the trading volume (lot) is fixed or a percentage of the account balance or equity.

04- Risk Source: Determines whether the credit or equity serves as the basis for the risk calculation.

05- Risk/Lot Value: The value of the risk or the lot, depending on the selection in the "Lot Type" field.

06- Use BreakEven: Indicates whether a break-even strategy is used to minimize risk.

07- BreakEven Start(pips) & 08- BreakEven Profit(pips): These fields define from when and with what profit the break-even strategy is activated.

Bollinger band parameters

09- Source: The data source for the Bollinger Bands.

10- Period: The period of the Bollinger Bands.

11- Bands Deviation: The deviation of the Bollinger Bands.

12- MA Type: The type of moving average used for the Bollinger Bands.

Trading parameters

13- Cross Type: The type of crossing signal used to enter the trade.

14 & 16- Buy/Sell Cross Line and 15 & 17- Buy/Sell Cross Direction: These fields define how and when buy or sell signals are generated based on the Bollinger Bands.

18- Take Profit type: Determines whether the take profit is a fixed value or based on a risk-reward ratio.

19- Stop Loss in pips & 20- Take Profit value: These fields set the value for the Stop Loss and Take Profit.

21- Close on the opposite signal: Determines whether positions will be closed when an opposite signal is detected.

22- Max Orders: The maximum number of open orders that can be held at the same time.

23- Use Reverse Trade: Indicates whether to trade in the opposite direction when certain criteria are met.

These parameters allow extensive customization of the trading strategy by providing detailed settings for risk management, trading signals based on Bollinger Bands and other trading decisions.

Discover V170L01, the trading robot that will take your trading strategy to the next level. With its advanced technology and extensive customization options, V170L01 offers a new dimension of automated trading. Learn how to increase your trading efficiency and maximize your chances of winning with this innovative tool. Try V170L01 today and share your successes on our forum forum.ai-fae.org!

DISCUSS WITH US: FORUM->

We invite all members to share their experiences and results with the "V170L01" bot on our forum at forum.ai-fae.org . Your insights and feedback are valuable in finding the best configuration together and maximizing the effectiveness of the bot. Share your success stories and challenges to learn and grow together.

Disclaimer: Important information about bot trading and CFD trading

Please note that trading contracts for differences (CFDs) is very complex and carries a high risk of losing money quickly due to leverage. Statistics show that 69% of retail investor accounts lose money when trading CFDs. It is crucial that you carefully consider whether you fully understand how CFDs work and whether you are able to bear the high risk of losing your money. We would also like to point out that past successes do not guarantee future successes. Any investment decision should be carefully considered and it is recommended that you seek independent financial advice where appropriate. Trading CFDs and using trading bots requires a high level of knowledge of the financial markets and should only be undertaken by people who are aware of the risk involved.