Day Trader FOREX ($8K per position) (TA)

Position and Risk Management: This type of AI Robot was created for traders who want to trade as actively as possible. The average duration for each trade is 4 hours, which allows our users to make a profit even on short-term market movements. Also, the maximum number of open positions is 13, which makes it possible to quickly respond to trading signals.

The robot comes with a basic risk management strategy, which has been developed for a trading balance of $100,000 and a position size of $8000 per trade. However, traders have the flexibility to adjust their trading balance as per their requirements, and as a result, the position size will change proportionally. For instance, if the trading balance is adjusted to $50,000, the position size will automatically adjust to $4000.

Strategic Features and Technical Basis: For this AI Robot, we have created a set of algorithms that track even small changes in the direction of price movement within a day. The algorithms are based on a combination of several technical indicators whose signals are processed by neural networks. Every minute, our mathematical power monitors the price change for each currency pairs, determines the current trend direction and the chances of success in case of opening a trade.

We have created a mixed pool of major currency pairs (NZDUSD, AUDUSD) and cross currency pairs (EURAUD, GBPAUD, EURCAD, NZDCAD, CHFJPY, AUDCHF) to balance the risks and not depend on the dynamics of one specific currency. The exit from a position is made by trailing stop, which allows our users to get the maximum profit from the trend. At the same time, our unique combination of trend detection methods effectively filters out unwanted signals during a sideway price movement.

Since this AI Robot actively trades cross currency pairs, we recommend using ECN to minimize the impact of spreads on trading results.

Ideal for Traders: The robot's trading results are shown without using a margin. For a full trading statistics and equity chart, click on the "show more" button on the robot page. In the tab “Open Trades”, a user can see live how the AI Robot selects equities, enters, and exits in paper trades. In the tab “Closed trades”, a user can review all previous trades made by the AI Robot.

Trading Dynamics and Specifications:

• Maximum Open Positions: Low, maintaining focused and strategic trading rather than volume, which is suitable for managing high volatility with precision.
• Robot Volatility: Low, attributed to the strategic entry after minor pullbacks and careful position management.
• Universe Diversification Score: Low, indicating a narrow array of instruments to hedge against sector-specific downturns and enhance profit opportunities.
• Profit to Dip Ratio (Profit/Drawdown): High, suitable for traders who are focusing either on high profit or low drawdown for potentially higher returns that makes it an ideal for all levels.
• Optimal Market Condition Low: If the current market volatility is Low then you should use the Best Robots in Low Volatility Market (VIX is Low - this indicator is coming soon).  

Disclaimer:  Disclaimers and Limitations 

Simulated Performance: All simulated performance results are derived solely from real-time calculations using historical data. Algorithms receive minute-by-minute historical prices and other data from Morningstar and generate trades in real time based on these historical inputs, effectively eliminating any hindsight bias. 

Actual Performance: All actual performance results are derived solely from real-time calculations using current data. Algorithms receive minute-by-minute current prices and other data from Morningstar and generate trades in real time based on these current inputs, effectively eliminating any hindsight bias. 

Gross Performance: Gross performance results do not deduct any fees or expenses. These results reflect the total returns generated by the AI Robots without considering the costs associated with accessing the service. 

Net Performance (current performance chart): Net performance results deduct fees to provide a more accurate representation of returns experienced by the user. These deductions can include: Model Fee Deduction: Net performance results may deduct a model fee equivalent to the highest subscription fee charged to the intended audience. Actual Subscription Fees: Net performance results may also deduct the actual subscription fees paid by the user for access to AI Robots.