As the world of Forex trading becomes increasingly complex, innovative tools like the Time Box Forex software come into play. This software, designed to optimize trades by capitalizing on breakout timing, has attracted significant attention in the Forex trading community.
Software Mechanics: Breakout Timing
The Time Box Forex software stands out due to its unique utilization of breakout timing. Breakout timing is a strategy that capitalizes on sharp price movements that typically occur after a ‘breakout’ from a price range. The software uses this tactic to optimize trading decisions, specifically targeting markets with strong movements and low costs like GOLD, DE30, and US indices.
Parameter Settings: Customizable to Trader’s Needs
One key characteristic that sets the Time Box Forex software apart from other Forex trading tools is its customizable settings. These include the EA timeframe, StartHour, EndHour, CloseTime, Lots, LotsPer100, OpenCloseRange, BreakoutTime, StopLoss, TrailingStop, and TakeProfit. Each parameter is adjustable, allowing traders to tailor their trading strategy based on their specific needs and market conditions.
EA timeframe
This parameter allows traders to download M1 data history and select the desired timeframe. Higher timeframes generally yield more stable results.
StartHour and EndHour
Traders can specify the hours during which the EA trades. The default settings are from the London open session to the New York close session, according to UTC brokers’ time.
CloseTime
This parameter designates a specific time in seconds to close the trade, but only if the UseTimeExit option is set to True.
Lots and LotsPer100
These parameters determine the number of Lots per trade and the exponential MM adjustment of Lots per trade, respectively, if UseExpMM is set to True.
OpenCloseRange and BreakoutTime
They define the percent range of the breakout bar and the time for the breakout to occur in seconds, respectively.
StopLoss, TrailingStop, and TakeProfit
These parameters allow traders to set their stop loss in points, trailing stop in points (if UseTrailingStop is set to True), and take profit in points.
Testing and Results
The Time Box Forex software should be backtested using M1 data or tick data, and 2-3 times the normal spread for accurate results. Independent testing of the product can be viewed on the forexroboteasy.com website, where users can also subscribe to updates on the testing results.
FAQs
What markets does the Time Box Forex software target?
The software is designed to target markets with strong movements and low costs, specifically GOLD, DE30, and US indices.
Can I adjust the software’s parameters?
Yes, the software’s parameters are fully customizable, allowing traders to tailor their trading strategy to their specific needs and market conditions.
Where can I view independent testing results for the software?
Independent testing results can be viewed on the forexroboteasy.com website.
We invite you to share your experiences using the Time Box Forex software and contribute to the collective understanding of this tool’s efficacy. Remember, this is an independent product review, and the opinions expressed herein are based on objective market analysis and Forex strategies.
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