The True Range Engine MT5 is a sophisticated and automated forex trading system that capitalizes on the volatility of the night session. It employs a unique combination of Night Scalping and Smart Grid System to optimize trades, demonstrating commendable performance over the years from 2010 to 2023.
Operation Mechanism
True Range Engine MT5 operates by entering the forex market during the night session. It uses indicators that have been modified through machine learning to open positions. Furthermore, the system can implement a dynamic order grid when the price moves against open positions, thereby managing your risks.
Active Order Option
Notably, True Range Engine MT5 comes with an ‘Active Order’ feature that significantly enhances performance. When the number of open positions increases, this feature ensures that the system maintains operational efficiency. Based on the position volume, the True Range Engine MT5 can offer stable and low-risk performance or ultra-high performance.
Key Features
Among the distinct features of the True Range Engine MT5 are its 100% automated trades, hard stoploss for every position, dynamic basket takeprofit, and fixed & auto volume. This Forex trading tool has been backtested from 2000 to 2023, with every tick and 100% history quality, optimized for the period from 2010 to 2023.
Trading Guidelines
The system works best with the EURUSD pair on an M5 timeframe. Suggested operating settings include CET time and a leverage of 1:100 or more. For accounts with ECN, the recommended volume is 0.01l per $1250.
Customizable Inputs
True Range Engine MT5 offers customizable inputs for trading. These include common inputs such as MagicComment, Positions Direction Max, posTimeframe In (to open positions), and Takeprofit Type. Volume inputs include Vol_Fix (fixed – Volume Fixed Value) and Vol_Rel (relative – Balance/VolumeRelativeValue).
Independent Testing
For potential users who prefer to see the system’s performance before making a purchase, independent testing of the True Range Engine MT5 is available on the forexroboteasy.com website. Subscriptions to updates on the testing results are also possible.
FAQ Section
Is the True Range Engine MT5 fully automated?
Yes, the system offers 100% automated trades, requiring minimal intervention from the user.
What are the recommended trading settings?
The system is optimized for the EURUSD pair on an M5 timeframe, with a leverage of 1:100 or more, and an operating time of CET.
How can I follow the performance of the True Range Engine MT5?
Independent testing results and updates can be followed on the forexroboteasy.com website.
In conclusion, the True Range Engine MT5 appears to be a robust and reliable tool for forex traders, particularly those who prefer to trade during the night session. Its unique features and smart grid system make it a compelling choice for both low-risk and high-performance trading. However, as always, it is advised to thoroughly understand its operation and settings before use. Do share your experiences with the True Range Engine MT5 in the comments below.
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