SuperCable

Overview of SuperCable

SuperCable is an advanced trading robot designed specifically for the GBPUSD pair, also known as "Cable". It operates on the MetaTrader 5 platform and is tailored for both standard trading accounts and funded prop accounts. SuperCable does not utilize high-frequency trading (HFT) techniques, making it suitable for a wide range of traders.

Key Features

• Single daily order on a breakout basis
• Operates on the 1-hour chart
• Inbuilt proprietary moving average filters to avoid counter-trend trades
• Fixed 40 pip stop loss for all trades
• Trailing stop loss for exits
• Win rate of 82%
• Fixed lots mode and risk percentage mode for automatic lot adjustments
• Recovery function to increase lot size after a loss

Trading Specifications

• Currency Pair: GBPUSD
• Platform: MetaTrader 5
• Minimum Deposit: $50
• Timeframe: 1 hour
• Broker Offering: RAW/ECN spreads/Razor
• Broker Selection: IC Markets, VantageFX, Pepperstone
• Account Type: Hedge or netting, FIFO also works

Order Management

• Places order once daily with a maximum of one trade per day
• Entry through pending orders placement
• Exit by stop loss or trailing profit orders
• All orders are canceled or closed before the end of the day
• No overnight trades

Backtesting and Performance

SuperCable has been backtested over long time horizons, approximately 10 years, to ensure its reliability and performance. The backtests are available in the comments section for users to review. The EA is set to low risk by default but can be adjusted to medium or high risk based on user preference.

Advantages for Traders

SuperCable is advantageous for both prop users and standard traders. It can pass challenges promptly and continue to trade on funded accounts. The recovery function, which increases the lot size after a loss, can be toggled on or off based on the trader's preference. With a historical win rate of over 82%, the odds favor using the recovery function to enhance performance.

Setup and Configuration

Setting up SuperCable is straightforward. Users only need to adjust the risk/lots and GMT clock if necessary. A VPS is recommended for uninterrupted execution, although it is not essential. The EA is designed to be user-friendly, with easy setup instructions provided.

Conclusion

SuperCable stands out as a robust and reliable trading robot for the GBPUSD pair. Its high win rate, combined with advanced order management and recovery functions, makes it a valuable tool for both novice and experienced traders. With its ability to adapt to different risk levels and trading environments, SuperCable is a versatile addition to any trader's arsenal. 🚀📈