The Rosaline Forex Software, an Expert Advisor (EA), has grown in popularity among Forex traders due to its distinctive capital protection feature. This software uses a unique strategy that combines the Relative Strength Index (RSI), Bollinger Bands (BB), and Average True Range (ATR). It’s primarily designed for trading with Gold (XAU), Euro (EU), and Orange Juice (OJ). Let’s explore this software in detail.
Distinctive Capital Protection Feature
One of the standout features of the Rosaline Forex software is its ‘Equity Protect’ option. This manually settable function is designed to safeguard your trading capital from severe drawdowns. For instance, if you have a 100k account, you can set a hedge at -4%. Should the EA reach that floating loss, it immediately halts all operations and resumes the next day. This built-in protective feature can be particularly useful for traders looking to pass a challenge while adhering to the daily drawdown rule.
Strategic Approaches
The Rosaline Forex software allows traders to employ either the RSI or BB strategy or use both for double confirmation. Depending on individual preferences, the stop loss can be fixed or open, with multiple fixed or martingale positions. Moreover, the take profit can also be fixed to encourage more swing activity on medium/high timeframes or wide and with tight lock profit and trail stops for scalping.
Optimisation and Backtesting
The Rosaline Forex software is not a ‘copy and paste’ EA. After downloading, traders are advised to conduct a ‘slow’ optimisation of the last quarter on their chosen trading instrument – XAU, EU, or GU. This entails conducting back and forward tests to identify the best settings. Every parameter can be backtested, from pip steps to RSI. Ideally, traders should perform a three-month backtest, followed by one-third forward. Traders can stick to a single instrument like gold or diversify across three or four instruments, dividing the maximum risk of the equity protect.
FAQs
What is the Rosaline Forex software?
The Rosaline Forex software is an Expert Advisor (EA) designed for Forex trading. It uses a unique strategy based on the Relative Strength Index (RSI), Bollinger Bands (BB), and Average True Range (ATR).
What are the key features of this software?
The key features of the Rosaline Forex software include its ‘Equity Protect’ option, which is designed to safeguard trading capital from severe drawdowns, and its RSI or BB strategy.
How does the ‘Equity Protect’ feature work?
The ‘Equity Protect’ feature allows traders to set a hedge at a specified percentage. If the software reaches that floating loss, it halts all operations and resumes the next day.
How can I optimise the use of this software?
After downloading the software, it’s recommended to conduct a ‘slow’ optimisation on the trading instrument of your choice. This involves backtesting and forward testing to find the best settings. Each parameter, from pip steps to RSI, can be backtested.
For those interested in observing independent testing of the Rosaline Forex software, they can visit forexroboteasy.com. There, users can also subscribe to updates on the testing results of this product. We invite readers to share their experiences using this product for the benefit of the wider trading community. Remember, this is an independent product review and is not affiliated with the product creators or vendors.
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