Range Cruiser Forex Robot
Powerful fully automated Forex Robot that hedges positions at all times.
A Forex trading robot for range-bound markets and minimum intervention
This is a happy marriage between a traditional grid system, and a Martingale algorithm. The result: A Forex trading robot that partially hedges, and cruises along with minimum intervention.
Use it on currency pairs that tend to go for long periods without significant trend. Or rather, seek pairs that tend to move well, and retrace well.
Both a buy and a sell trade is openend, and when your pre-defined stop loss is hit, a new position is opened twice the lot size.
Control risk by enabling maximum number of losing trades allowed, or manipulate the individual take profit levels for each step in the Martingale sequence.
Ajusted for optimal take profit and stop loss size, this robot is quite profitable, especially when paired with the optimal currency pair.
Sample Trading Results
Backtested on several currencies, timeframes and with the use of tick data.
Range Cruiser – 3 month Return – Medium Risk Equity Chart
Range Cruiser – 3 month Return – Medium Risk Trade Statistics
Range Cruiser – 3 month Return – Low Risk Equity Chart – Risk Management in action
Range Cruiser – 3 month Return – Low Risk Trade Statistics – Risk Management in action
Range Cruiser Features
A breakdown of the strategies employed, the reasoning behind trades, and the selection of indicators being used by the algorithm.
Design & Operation
In this section you can learn more about the gist of the robot, our general design decisions, along with modes of operation.
Trading Logic
Two opposite trades are always openend. When take profit is hit, a new trade in the same direction is opened. When stop loss is reached, a new position double the original lot size is opened. Merge Grid and Martingale, and you get the gist of this Forex robot.
Modes of Operation
Trend with MAs (coming in the future)
Modified Martingale
Automatic and semi-automatic
Fixed take profit
Fixed stop loss
Max losing trades
Risk Management
Maximum losing trades
Dynamic take profit reduction
Platform
Indicators used
Our Forex robots use a number of different indicators. Here you will discover which indicators have been utilized with this one.
Moving Averages
Exponential
Time Series
Triangular
VIDYA
Wilder Smoothing
Weighed
(Coming in the future)
Relative Strength Index (RSI)
RSI High
RSI Low
General Recommendations
All bots should be optimized and backtested on a regular basis. Still, here we provide you with our current tips and advice for optimal results.
Ideal Market Conditions
This bot fares well in many kinds of markets, but still works best in non-trending markets, especially when there are clearly defined resistance and support levels.
Currency Pairs
Any currency pair can be used, as long as they move sideways more often than not.
Timeframes
There are no specific recommendations for timeframes. We have achieved excellent results with all popular timeframes such as:
M1
M5
M10
M15
M30
H1
H4
H12
D1
Threats and Opportunities
Threats
Markets that explode in one direction with no retracement taking place. Avoid trading during news releases, or increase stop loss and take profit levels.
Opportunities
Correctly configuring this algo, you can earn anywhere between 25% to 100% month over month.
What makes our candles tick
We love what we do, and want you to have the best possible experience in the wonderful world of FOREX trading. That’s why we do the following:
We value your money
We take utmost pride in valuing, firstly, the capital you intend to invest, secondly, the money spent with us!
Battle-tested Forex Robots
All our Forex algos have seen real-life action i.e. have been tested on live accounts.
Attention to detail
Our customers are center stage, at all times. We frequently do follow-up talks for feedback and support.
Delivery
cTrader robots are delivered instantly. Selected MT4 Robots are Build to Order with a 7-day delivery time.
Serious Backtesting
We only backtest with tick data. This means our backtests are truly representative of potential results.
Money-back Guarantee
We offer an iron-clad 30-day money-back guarantee provided you send us an explanation why.
