The LastStand Type1 Forex Software is a sophisticated trading tool designed for the Forex market. This software is grounded in the principles of the Ichimoku Kinko Hyo and Heiken_Ashi indicator, popularly known for their effectiveness in Forex market analysis.
Optimized for EURCAD H1 Trading
The LastStand Type1 has been specifically optimized for EURCAD H1 trading. This means that the software’s input parameters have been finely tuned to offer the best performance for this particular currency pair and timeframe.
Key Features and Parameters
The software comes with a unique set of features and parameters that allows traders to customize their trading strategy. One of these is the ‘magic number’ or ‘magics’, which is a unique identifier for each trade opened by the Expert Advisor.
The ‘Lots’ parameter allows traders to define the lot size for each trade, while the ‘CloseMethod’ parameter provides various options for closing orders. These include TP-SL-TSL, where orders are opened and closed by signal if both SL and TP are set to zero, and MartinBuyOrSell and MartinBuyandSell, which enable one-way and two-way Martingale strategies respectively.
Advanced Risk Management Features
The LastStand Type1 includes advanced risk management features such as the ‘insurance’ function. This function includes the ‘MoneycutLoss’ and ‘PercentcutLoss’ parameters that allow traders to cut all positions by a set amount of money or a certain percentage respectively. If the ‘stopAfterCutLoss’ is enabled, the Expert Advisor will remove itself after a cut loss.
Another notable feature is the ‘netProfit_Loss_to_Stop_Ea’ function. This feature allows traders to set a total profit or total loss limit, after which all positions will be closed and the EA will stop.
Independent Testing and Updates
For those interested in seeing the LastStand Type1 in action, independent testing of the product is available on the forexroboteasy.com website. Subscriptions for updates on the results of these tests are also available.
FAQs
What is the ‘Ichimoku Kinko Hyo’ feature in the LastStand Type1?
The ‘Ichimoku Kinko Hyo’ is a feature that triggers trades based on the Tenkan-sen and Kijun-sen Cross.
What is the ‘martin_Plus’ feature?
The ‘martin_Plus’ feature is a plus martingale system where the lot size increases progressively, like 0.01->0.02->0.03->0.04->0.05.
What is the ‘martin_Distance’ parameter?
The ‘martin_Distance’ parameter sets the distance for the martingale system.
We invite readers to share their experience of using the LastStand Type1 Forex Software. Remember, this is an independent product review and the software should be used with discretion based on individual trading goals and risk tolerance.
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