Snake Catcher NETTO is an Expert Advisor designed specifically for netting accounts in Forex trading. It is an updated version of the Snake Catcher Expert Advisor, with a focus on trading during the release of important macroeconomic news. This fully automatic Expert Advisor is capable of reacting to rapid price movements and opening positions accordingly.
The key feature of Snake Catcher NETTO is its ability to enter positions based on the rate of price change. It identifies local price extremes automatically, allowing it to set an adaptive stop loss based on these levels. The maximum loss for a position can be set using the external parameter “MaxLoss.” This ensures that the Expert Advisor sets a stop order within a specified distance from the entry point.
Snake Catcher NETTO can be used both for manual trading and on a VPS, providing flexibility for traders. It is recommended to optimize the Expert Advisor directly on your broker’s quotes before starting trading, as quotes may vary between brokers. A small ping, preferably no more than 100 ms, is also desirable for optimal performance.
The optimal time interval for trading with Snake Catcher NETTO is M15. While smaller intervals may result in more frequent trades, they may also lead to more unprofitable trades. Therefore, it is advisable to optimize the parameters based on your trading preferences.
Key Features: – Entry based on the rate of price change – Reacts to rapid price movements – Adaptive stop loss based on local price extremes – Fully automatic with the option for manual trading – Optimization on broker’s quotes recommended – Optimal time interval for trading is M15
FAQ:
Q: Can Snake Catcher NETTO be used on any type of Forex account? A: Snake Catcher NETTO is designed specifically for netting accounts.
Q: How does Snake Catcher NETTO handle rapid price movements? A: Snake Catcher NETTO reacts to rapid price movements by opening positions in the direction of the movement.
Q: Can Snake Catcher NETTO be used on a VPS? A: Yes, Snake Catcher NETTO can be installed on a VPS for uninterrupted trading.
Q: How does Snake Catcher NETTO determine the stop loss level? A: Snake Catcher NETTO sets an adaptive stop loss based on local price extremes.
Q: What is the recommended time interval for trading with Snake Catcher NETTO? A: The optimal time interval for trading with Snake Catcher NETTO is M15.
For independent testing of Snake Catcher NETTO and updates on the results, you can visit the forexroboteasy.com website. Share your experience of using this Expert Advisor and contribute to the community’s knowledge.
Please note that this review is an independent assessment of Snake Catcher NETTO and does not represent the views or opinions of the author. The text is written in the third person to maintain objectivity.
Write review