A Trade Vantage expert is a professional market analyst who operates a specialized algorithm for his work. Its operating principle is based on the analysis of prices for a certain time interval, where the strength and amplitude of prices is identified using a unique indication system based on real data. When the trend loses its strength and changes direction, the expert closes the previous position and forms a new one. In addition, as part of its algorithms, the bot takes into account signals about overbought and oversold markets. A purchase is made if the signal first falls below a certain level and then rises above, subject to confirmation from the main signal system. Selling occurs when the signal first rises above the level and then falls below, also with permission from the main signal system. The expert reliably manages risks and safely manages capital from $1000, but for best results it is recommended to use it with capital from $3000 and above. Its functionality includes basic tools such as trailing start, trailing stop, stop loss and take profit, both real and virtual.
To understand how this bot works, you need to carefully study its parameters. A detailed description of the parameters plays a key role in understanding the work of the expert. This allows users to fully understand which instrument they are choosing and helps them determine if a given bot suits their trading style and their broker. Basic and key settings allow you to create optimal conditions for the expert to work effectively. Money management options provide two options: using a fixed lot or calculating the lot depending on the deposit. This aspect of the settings plays an important role because it determines the login algorithm.
Trade Vantage is a professional analytical tool that uses a specialized algorithm to analyze the market. It works with various currency pairs on an hourly chart (H1) with a leverage of 1:100.
List of supported currency pairs:
- EURUSD
- AUDCAD
- AUDCHF
- AUDJPY
- AUDNZD
- AUDSGD
- CADJPY
- GBPSEK
- GBPSGD
- GBPUSD
- NOKSEK
- NZDCAD
- NZDCHF
- NZDJPY
- NZDUSD
- SGDJPY
- USDCAD
- USDCHF
- USDCNH
- USDCZK
- USDDKK
- USDHKD
- USDHUF
- USDJPY
- USDMXN
- USDNOK
- USDPLN
- USDSEK
- USDSGD
- USDTHB
- USDZAR
- USDRON
- MagicNumber: This parameter is used to identify orders belonging to a specific expert or trading strategy. The unique MagicNumber allows you to distinguish orders of this expert from orders of other strategies.
- FixLot: The FixLot parameter sets a fixed lot size for opening each trade. For example, if the FixLot value = 0.1, then each trade will be opened with a lot of 0.1.
- Money-Management On: Activating this option (true) enables Money Management, which allows you to automatically calculate the trading lot size according to the current balance or other parameters for effective risk management.
- Money-Management: This parameter determines the level of risk depending on the size of the deposit. For example, the value Money-Management = 2 means that the risk for each transaction will be 2% of the current balance.
- CountSeria: The CountSeria parameter determines the number of trades in one series or sequence of trades. For example, if CountSeria = 3, then after opening three trades in a row, a certain action will be performed, for example, closing all open positions.
- TakeProfit: Setting the price level at which a profitable position is automatically closed. For example, if TakeProfit = 100 points, then when the price reaches a level that is 100 points higher than the opening price, the position will be closed with a profit.
- StopLoss: Setting the price level at which a losing position is automatically closed. For example, if StopLoss = 50 points, then if the price reaches a level that is 50 points lower than the opening price, the position will be closed at a loss.
- vTakeProfit: Virtual Take Profit. Allows you to set a price level to virtually close a profitable position without actually executing an order on the market. This helps to lock in profits and avoid sudden market changes.
- vStopLoss: Virtual Stop Loss. Similar to virtual Take Profit, but for setting the price level for virtual closing of a losing position.
- trStart, trStop: Parameters for trailing stops. Allows you to automatically shift the stop loss level following price movements in a profitable direction.
- Filling: Determines the type of order filling. For example, “Immediate or Cancel” (IOC), “Fill or Kill” (FOK), “Return” (RT).
- ModificationPips: Sets the number of pips to modify the stop loss or take profit levels of the order.
- CorrectionLong: Determines the correction level for long series.
- CommentOrders: Text comment attached to the order when it is placed.
- EcnMode: Indicates the mode of operation of the broker in the ECN network.
- CombinesAllStopsOn: Combines all stop loss levels of an order into one level.
- AsynchronousMode: Asynchronous modeprocessing of orders.
- ActivateBuy, ActivateSell: Activate a buy or sell order under certain conditions.
- LengthJAW, LengthTEETH, LengthLIPS, LengthDEVIATION, CountWARP: Parameters that define the rules for the bot.