VOLUME BOT
Premium trading bot that trades volume spikes using MetaTrader5
VOLUME BOT
Features Include
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The bot is designed to trade both long and short positions and takes multiple trades a day.
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The bot allows trading of multiple assets, such as stocks, crypto, indexes, and more and offers options to use specified list of assets or the current asset.
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The bot has a unique trade/strategy type that can be set to the opening range breakout (ORB) or Snapback, with the ability to choose the direction (long, short, or automatic).
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Standard settings include profit taker, stop loss padding, cancel trade after a specified number of candles, risk, max lot size, and more.
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The bot requires specifying the candle lookback to calculate the average volume using tick volume.
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It looks for a default 3x (or 300%) spike in volume compared to the average volume.
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After a spike of trading volume, it waits for a specified number of candles before making a trade decision.
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The bot focuses on a specific time frame during the day when volume is significant, and by default ignores market opens and closes.
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The trading start and end times can be defined, allowing the bot to exit trades automatically at the end time.
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The bot can trade multiple assets simultaneously and allows customization of lot sizes based on the available account balance.
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It is designed to capture and take advantage of high volume and volatility typically observed on Wednesdays, Thursdays, and Fridays.
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The bot's performance can be tested through backtesting and optimization of various settings.
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Recommended to run the bot on VPS/cloud servers to monitor and benefit from volume spikes effectively. Optimization and testing are recommended for optimal results.
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The bot allows running backtests to evaluate its performance across different assets and time frames.