MONEY BEAST ROBOT USES THE STRATEGY BASED ON BREAKOUT
BREAKOUT TRADING IS ONE OF THE MOST POPULAR AND MOST FREQUENTLY USED STRATEGIES AMONG FOREX TRADERS . THIS STRATEGY HAS BEEN DEVELOPED A LONG AGO AND HAS BEEN REPEATEDLY TESTED ON HISTORY DATA , SHOWING SUPERIOR RESULTS
The EA USES 3 TYPES OF TREND BREAKOUTS
1)SUPPORT AND RESISTANCE
BREAKOUT
2)DOWNTREND BREAKOUT
3) UPTREND BREAKOUT
THE EA USES A VERY SMALL STOP LOSS BY USING ATR SO THE ACCOUNT IS ALWAYS PROTECTED FROM EQUITY DRAWDOWN WITH A VERY LOW RISK-PER-TRADE.
IT USES AN ADAPTIVE TRAILING STOP ALGORITHM
INDICATORS USED
ICHIMOKU
ATR
RENKO
OUR E.A EXECUTES TRADES WITH THE COMBINATION OF 3 INDICATORS AFTER BREAKOUT OCCURRED IN THE CHART
NEWS FILTER IS APPLIED