The "Black 'R' Booster" offers numerous benefits, including the automation of complex trading strategies,

reducing emotional influences in trading and the ability to take advantage of market opportunities 24/7. This results in a more efficient and potentially more profitable trading experience.

How the indicators work

The bot uses a combination of multiple indicators and trading algorithms to identify optimal entry and exit points. These indicators are configured to respond to specific market conditions and predict the most likely moves based on historical data.

The bot's core algorithm is based on dynamic adjustment of trading parameters, such as lot size and profit targets, depending on market volatility and trading results. The bot continuously adjusts its strategy to minimize risk and maximize profit opportunities.

Field descriptions for Black "R" Booster Bot Settings

01 - Email Group: Email & Pin www.ai-fae.org

Function : Used to authenticate the user and grant access to the bot. The email address must match the registered account.

02 - PIN Group: Email & Pin www.ai-fae.org

Function : Required for additional verification and to protect access. This PIN is a security key for activating the bot.

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03 - Start Time (HH:mm) Group: Trading Time

Function : This field is used to set the exact time at which the bot should start trading daily. Setting the start time initiates the daily trading window. This allows the bot to start trading operations at a specific time defined by the user.

Format : The time is entered in 24-hour format (HH:mm), where 'HH' represents the hour and 'mm' represents the minute. For example, entering 09:00 means trading starts at 9am, and 15:00 means trading starts at 3pm.

Note : It is important to specify the time according to the 24-hour logic without AM/PM suffix to avoid misunderstandings and errors in trade execution.

04 - End Time (HH:mm) Group: Trading Time

Function : This field determines the time at which the bot should stop trading for the day. Setting the end time defines the closing of the trading window, which means that no new trades will be initiated after this time.

Format : Again, the time must be entered in 24-hour format (HH:mm). For example, a setting of 17:00 will result in trading ceasing at 5pm, while 23:30 will set trading to end at 11:30pm.

Note : Entering the correct time in the specified format is essential for the precise functioning of the bot. Incorrect entries can lead to unwanted trading outside of the scheduled times.

05 - Use Profit % Boost Group: Profit Boost

Function : This field enables or disables the profit percentage bonus function. When enabled, the bot can realize additional profits by increasing the set profit targets by a certain percentage.
This increases the flexibility and potential profitability of trading by dynamically adjusting profit targets based on current market developments.

Clos by Profit: The additional profit calculated by activating this feature is displayed on the chart. This display helps users to visualize and track the target profit modified based on the profit margin set. The phrase "Clos by Profit" appears at the top or bottom of the chart and shows the updated profit amount in the trading account currency.

06 - Profit Boost % Group: Profit Boost

Dynamic adjustment of the Profit Boost % after each order reached

The feature of dynamically adjusting the Profit Boost % after each achieved order expands the flexibility and potential profitability of your trading strategy. This setting means that the percentage value of the profit target is increased for each subsequent order that reaches its target. Here is a detailed explanation of how this feature works and how it can be used:

Functionality:

Initial Boost: Start with a base Profit Boost %, which is set in field 06.

Incremental increase: After an order has reached its profit target, the Profit Boost % for the subsequent order is automatically increased. This process repeats with each successfully completed order, with the Profit Boost % increasing gradually.

Objective: The purpose of this gradual increase is to maximize profit opportunities during a favorable market phase by encouraging the bot to trade more aggressively with continued success.

07 - Total profit Close all Group: Profit Boost

Function : Sets the break-even point at which the bot will automatically close all open positions to secure profits.

Risk Management

08 - Lot/Value Size

Function : This field plays a central role in the bot's risk management by determining the size of each trading position. The input in this field defines how much capital or how many units are risked in each individual trading position. This directly influences the capital allocation and risk exposure of the entire trading portfolio.

Specific application for different market types:

Currencies (Forex):

For currency pairs traded in the Forex market, the setting refers to the amount of money risked in each position. Here, the trader specifies the amount of money in the base currency that each lot should represent. For example, entering "1000" means that each position will be opened with a volume of 1000 units of the base currency. This allows for fine control of risk, as the value of a pip and thus the potential profit or loss size per trade is clearly defined.

Stocks and indices:

Unlike currencies, where the amount of money is converted into lots, with stocks and indices you enter the number of lots directly. Depending on the market and broker, a lot can represent a fixed number of stocks or a point value for indices. The input determines how many of these lots are to be traded. This means that the trader can precisely control how many stocks or what volume of an index is held in each position.

09 - TP Profit Target (pips) Group: Risk Management

Function : Defines the profit target (take profit) in pips for each trading position that must be reached before the position is automatically closed.

10 - Maximum Loss Threshold Group: Risk Management

Function: Sets the maximum loss amount at which the bot will close all open positions to prevent further losses.

11 - Wait x Bars after Loss Group: Risk Management
11 - Wait x Bars after Profit

Wait x Bars after Loss:

Function : This setting field determines the number of price bars the bot should wait for after a losing trade before opening a new trading position. This wait is designed to take a break after a loss, which can potentially prevent emotional or impulsive decisions from leading to further losses.

Purpose: The feature helps implement a disciplined trading strategy based on consistent decisions rather than reacting to short-term market volatility or losses.

Wait x Bars after Profit:

Function : Similar to the wait after loss, this field determines the number of bars the bot should wait after a profitable trade before trading again. This pause can be used to re-evaluate the market and avoid eroding profits through hasty follow-on trades.

Purpose : This setting promotes profit locking and helps protect capital after successful trades by not taking risks again immediately.

Relevance of the time period of the candles:

Time dimension of bars: The meaning of the "x bars" setting directly depends on the time period of the candles the bot refers to. This means that "x bars" in different time frames (for example, 1 minute, 5 minutes, etc.) represent different actual time periods.

Example 1: If the bot runs on the 1-minute chart (1m) and the setting is set to 10 bars, this corresponds to a waiting time of 10 minutes after a loss or profit.

Example 2: If the bot is operated on the 5-minute chart (5m) and a waiting time of 10 bars is also set, this means a waiting time of 50 minutes.

Strategic considerations:

Adapt to trading style: The choice of number of bars should be tailored to the trader's trading style and risk tolerance. A conservative trader might prefer longer wait times to minimize risk, while a more aggressive trader might prefer shorter pauses to be able to take advantage of market opportunities more quickly.

Consideration of market conditions: In highly volatile market phases, it may be useful to adjust the waiting time in order to respond to increased market uncertainty.

12 - Step Size Algo (in Pips) Group: Algo System Start

The "Step Size Algo" in field 12 plays a central role in the algorithmic trading system by defining the basis for placing the trading orders. This field sets the basic step size in pips that will be maintained between consecutive orders. The core functionality of this algorithm is to enable a systematic and methodical approach to trading by placing orders at predefined intervals.

Additional steps for later orders

For advanced trading strategies and to further fine-tune market entry and risk management strategies, additional steps can be added for orders number 6 to 8. This functionality is enabled by fields 20 to 22:

6 Field 20 - Add Step for 6th Order: Here you can enter an additional step value in pips that will be added to the basic step size for the sixth order.

7 Field 21 - Add Step for 7th Order: Similar to field 20, this field allows adding another step value in pips, specifically for the seventh order.

8 Field 22 - Add Step for 8th Order: This field allows the entry of an additional step value for the eighth order.

Application example

Suppose the basic step size is 20 pips (box 12) and boxes 20 to 22 are set as follows:

Field 20: 300 pips extra for the sixth order

Field 21: 500 pips extra for the seventh order

Field 22: 1000 pips extra for the eighth order

In this scenario, the sixth order would be placed at a price distance of 320 pips (20 + 300) from the last execution price, the seventh at 520 pips (20 + 500) and the eighth at 1020 pips (20 + 1000). These additional steps allow for a more progressive and potentially risk-aware approach, especially in markets that show larger price movements or where a cautious expansion of positioning is desired.

Strategic considerations

These additional steps allow traders to adapt their algorithms to different market conditions and their own risk tolerance. In volatile markets, larger steps can help spread risk and minimize potential losses from abrupt price movements. In less volatile markets, smaller additional steps could allow for tighter control and faster response to market changes.

This flexibility in order placement design improves the bot's capacity to respond dynamically to changing market conditions and supports effective implementation of the trader's overall strategy.

Lot Increase configuration fields for the 2nd to 8th order

The fields for "Lot Increase for 2nd Order" to "Lot Increase for 8th Order" are crucial for adjusting the trade size or volume for consecutive orders. These settings allow the lot size to be systematically increased for each subsequent order, which can be particularly useful in the context of Martingale or other progressive trading systems.

Functionality and strategic application:

Principle : For each new order, starting from the second one, the lot size is increased compared to the previous order, according to the specific parameters set in the corresponding fields.

Martingale Strategy: A well-known example of the application of these settings is the Martingale strategy, which involves doubling the trade size after a loss in order to offset any losses with a profit on the next successful transaction. Although this system offers the potential for high profits, it also comes with increased risk, as the investment required can increase exponentially.

Detailed description of the settings:

Field 13 - Lot Increase for 2nd Order: This sets the additional lot size that will be used for the second order. For example, a value of 0.1 can mean that the second order is 0.1 lots larger than the first.

Field 14 - Lot Increase for 3rd Order: Determines the increase in lot size for the third order, for example 0.2 lots in addition to the previous order.

Field 15 - Lot Increase for 4th Order: Sets the additional lot size for the fourth order, e.g. 0.3 lots.

Field 16 - Lot Increase for 5th Order: The lot size for the fifth order is defined here, e.g. a value of 0.4 lots additionally could be chosen.

Field 17 - Lot Increase for 6th Order: Specifies the increase in lot size for the sixth order, such as 0.8 lots.

Field 18 - Lot Increase for 7th Order: Defines the increase for the seventh order, about 1.0 lots additional.

Field 19 - Lot Increase for 8th Order: Determines the additional lot size for the eighth and often last order in the sequence, which can be significantly larger, e.g. 10.0 lots.

Risk management and considerations:

Risk Control: It is crucial to carefully calculate lot increases and match them to the overall capital and risk management of the trading account. Any increase should be proportionate to the trader's overall resources and risk appetite.

Risk of drawdowns: Especially with aggressive strategies like the Martingale, the risk of significant drawdowns must be considered. Thorough analysis and caution are required to avoid putting all of your trading capital at risk through an unfortunate sequence of losses.

The ability to systematically increase the lot size for consecutive orders provides flexibility in the trading strategy, but also requires careful risk management and close monitoring of market conditions and one's own trading performance.

DISCUSS WITH US: FORUM->

We invite all members to share their experiences and results with the bot on our forum at forum.ai-fae.org . Your insights and feedback are valuable to find the best configuration together and maximize 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 Difference (CFDs) is very complex and carries a high risk of losing money rapidly 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 success is no guarantee of future success. 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 persons who are aware of the risk involved.