The world of cryptocurrency and forex trading is becoming increasingly automated, with trading bots playing a critical role. One such trading bot that is making waves in the market is the MForce Bot. This unique software is designed to work efficiently in the forex market, with a special focus on Bitcoin (BTCUSD) and Gold (XAUUSD) trading.
Key Features of MForce Bot
MForce Bot operates on the principle of Reversal Patterns, which allows it to make accurate long and short positions, regardless of the market conditions. It also possesses a unique news filter, which further enhances its trading capabilities. These features make MForce Bot an impressive trading solution, capable of providing optimal results in the ever-fluctuating world of forex and Bitcoin trading.
Trading Parameters and Recommendations
The MForce Bot operates optimally on an H1 time frame with a lot size of .01 and a leverage of 1:500. For forex pairs excluding BTCUSD, the default Take Profit (TP) is set at 135, and the Distance for new open trades is set at 160. The capital requirement is a minimum of $1000 USD for each pair.
The MForce Bot is compatible with various pairs including EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDCAD, CADJPY, GBPJPY, AUDCAD, and CADCHF. For these pairs, the TP is 135 and the Distance is 160. However, for XAUUSD and BTCUSD, the TP and Distance differ. For XAUUSD, the TP is 270 and Distance is 320. For BTCUSD, the default settings are recommended, with the only change being in TP and Distance to ensure a profit of $3 USD in the first trade.
Understanding the Botโs Learning Mechanism
What sets MForce Bot apart is its unique learning mechanism. This bot employs a neural network to learn from a volatility file stored in the MT4 folder, allowing it to adapt to different market situations. However, it is important to note that MForce Botโs performance cannot be accurately gauged through backtesting due to the inability to read the volatility file in backtest.
Cost and Availability
The MForce Bot is available at an introductory rental price of $200 per month. However, potential users should note that this is a limited-time offer and the price is subject to change in the future.
FAQ
Where can independent testing of MForce Bot be found?
Independent testing of MForce Bot can be viewed on the forexroboteasy.com website. Users can also subscribe to updates on the testing results of this product on the same site.
Can users share their experiences with MForce Bot?
Yes, users are encouraged to share their experiences with using MForce Bot to help others understand its functionality and performance better.
In conclusion, MForce Bot represents a technologically advanced and unique approach to Forex and Bitcoin trading. Its unique learning mechanism, combined with its ability to adapt to market conditions, makes it a promising tool for traders. However, potential users should conduct thorough research and testing before committing to its use.
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