Forex Robot - Building Your Own Automatic Trading System for Triple Digit Gains!
There are two main criteria which you have to program rules for and they are - Market Entry and market exit or your stop. You can use a huge number of indicators to time your trades but on an automatic trading system, you need to use as few as possible an here I am going to show you how to build a 1 rule system simply based upon trading volatility. A very simple system would be one based on the standard deviation (volatility) of price. The Bollinger Band for example, shows a mid average band and the two outer lines, are standard deviation from the norm or average, as volatility increases the bands widen away from the average. You can easily construct a simple volatility system with your own settings so here is what you do.. You would have to decide a mid line moving average to start. This is where prices will find support in a bull market and resistance in a bear market. A buy signal, would be generated (and held) in a bull market when the average is hit, the outer bottom band would...