In the realm of currency trading, High Frequency Trading (HFT) Algo stands as a potent Forex Scalping system. It is designed to target pull-backs and breakouts in the market, scalping a few pips and subsequently exiting, ensuring that positions do not remain in the market for an extended period.
Forex Algo: Suitable for 5-Minute Charts
This Forex Trading System has been pre-set for 5-minute charts, providing optimal results for this particular time frame. To use it, traders need to place the EA in the chart of the currency pair they wish to trade. It is crucial that each chart has its unique magic number for effective operation.
Risk Management in High-Speed Scalping
The HFT Algo is structured to manage risks efficiently. It uses inputs such as Risk Level, Accuracy percentage, and Margin Percent. The ‘Avoid_Risk’ setting offers the lowest risk, while ‘Dangerous’ is the most risky. A higher accuracy percentage reduces the number of trades and drawdown, while a high Margin Percent value increases the impact of the aforementioned settings. A lower Margin Percent value, conversely, reduces the impact.
Performance with Raw Spread
With raw spread, the HFT Algo demonstrates superior performance. It allows for a more efficient Forex scalping strategy, leading to potentially higher profitability in high-speed trading.
News Filter in Forex Algorithms
The newest feature of this Forex Trading System is a news filter. With this enabled, there are four trade options available during the x minutes before a news event and y minutes after. These include ‘No Trade’, ‘Trade using Risk Level=Avoid_Risk’, ‘Trade using Risk Level=Safe Mode’, and ‘Trade in reverse’. The news events that impact the current chart pair and fall within x minutes before and y minutes after will be listed on the top left of the chart.
News Impact Filter
Users can choose to filter High, Moderate, and Low impact news. For instance, to filter only High impact news, the input should be ‘High’. To filter both High and Moderate impact news, the input should be ‘High; Moderate’. For all High, Moderate, and Low impact news, the input should be ‘High; Moderate; Low’.
FAQ
Is there a free version of the HFT Algo?
Yes, there is a free version of the HFT Algo that trades only minimum lot, allowing users to try it on a live market prior to purchasing the full version.
Where can independent testing of this product be viewed?
Users can watch independent testing of this product on the forexroboteasy.com website. They can also subscribe to updates on the results of testing this product.
We invite readers to share their experience of using this HFT Algo system. This is an independent product review and is not affiliated with any particular product or service. It is written in the third person to maintain impartiality and journalistic integrity.
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