Swiss Army Knife Forex Robot
The do-it-all Forex algorithm for advanced traders and tinkers.
One thousand and one nights of Forex creativity, inspiration and profit
The Swiss Army Knife Forex Robot is a beast. We’ve been able to pack an impressive number of indicators, functionalities and modes of operation into this bot, making it an incredibly sophisticated and inspiring algorithm to use.
You can do simple trend trading with multiple moving averages, work with up to four timeframes for confirmation, it gives your volatility and candle filters, an RSI indicator, you can adjust trade volume dynamically, and you can enable Martingale if that’s your thing.
You can even set the individual trailing stop in a Martingale sequence – something never seen before.
We set out to build a complete, innovative and all-inspiring Forex trading robot, and I believe we have managed to do so.
It is impossible to cover this algo in its entirety, but do check out the overview video below, and a couple of sample runs in the cTrader backtester.
Sample Trading Results
Backtested on several currencies, timeframes and with the use of tick data.
Swiss Army Knife Features
A breakdown of the strategies employed, the reasoning behind trades, and the selection of indicators being used by the algorithm.
Design & Operation
In this section you can learn more about the gist of the robot, our general design decisions, along with modes of operation.
A trade is opened in most like direction in function of two moving averages, any time such condition is met. Add to this filtering candles, RSI and ADX for increased precision in the trading.
Modes of Operation
Automatic and semi-automatic
Single and multi-timeframe
Directional Movement System
Fixed take profit
Fixed stop loss
Stop loss trailing
Max losing trades
Trailing stop loss
Maximum losing trades
cTrader for Windows and MetaTrader 4.
Our Forex robots use a number of different indicators. Here you will discover which indicators have been utilized with this one.
Relative Strength Index (RSI)
All bots should be optimized and backtested on a regular basis. Still, here we provide you with our current tips and advice for optimal results.
Ideal Market Conditions
This bot fares well in diverse markets, but still works best in trending markets, especially when there is strength and potential breakouts.
Any currency pair can be used, as long as they trend more often than not.
Threats and Opportunities
Markets that don’t move enough to set about a trend, but enough to tickle the stop loss.
The bot is very versatile, and can be set to very risky with very high profit levels, and to extremely conservative trading. You decide how fast you want to move.
Are you starting out in Forex Trading, or simply looking to diversify your trading strategies, be sure to visit our attactive ForexCove Trader’s Pack.
What makes our candles tick
We love what we do, and want you to have the best possible experience in the wonderful world of Forex trading. That’s why we do the following:
We value your money
We take utmost pride in valuing, firstly, the capital you intend to invest, secondly, the money spent with us!
Battle-tested Forex Robots
All our Forex algos have seen real-life action i.e. have been tested on live accounts.
Attention to detail
Our customers are center stage, at all times. We frequently do follow-up talks for feedback and support.
cTrader robots are delivered instantly. Selected MT4 Robots are Build to Order with a 7-day delivery time.
We only backtest with tick data. This means our backtests are truly representative of potential results.
We offer an iron-clad 30-day money-back guarantee provided you send us an explanation why.