Foreign Exchange Robot: Forex FTM
Software Programmer: Den Murakami
Scalping: H1 Chart
Forex Pairs: EURUSD and USDCAD
Trading Platform: MetaTrader-4 (4 or 5 digits Forex Brokers)
License: 1 Real Account License (Free Updates)
Pricing: 99 USD
INTRODUCTION TO FOREX FTM
Forex FTM (previously called Forex Sakura) is a Japanese-style Forex scalper. FTM means Flat & Trend Market algorithm and it is a robot using feedback technology to trade EURUSD and USDCAD. That means by checking the trader’s account history and by evaluating trading results the robot determines the best strategy for the present moment. Trading results include historic profit or loss per trade and each order’s date. One of the key advantages of Forex FTM is its ability to perform during news releases (check below). Forex FTM can operate with small deposits and micro lots but it can operate with large deposits and standard lots as well.
The Forex FTM robot incorporates 2 bunches of indicators:
(1) One indicator works on flat markets
The first operation combines several technical oscillators, such is the Stochastics and RSI. The Take-Profit order is placed about 50 Pips. When profit moves above 15 Pips, then the Robot re-evaluate the order at the point of no-loss.
(2) The second indicator is optimized to work on trending markets
The second operation combines trend lines and the popular MACD in order to exploit opportunities on a trending market. Trading happens without any Take-Profit limitations or restrictions while all orders are closed by trailing Stop-Loss orders. When the trading profit moves above 20 Pips, then the robot re-evaluate the order at no-loss level. The distance between the price and Trailing SL will gradually decrease, thus reaching the price with a handsome profit.
Flat and Trend algorithms are programmed in a totally different way. Each of these two indicators uses a different set of Take Profit and Stop Loss orders. When the price action moves beyond a specific range and the market changes from a sideways to a trending market then the Forex FTM adapts immediately to the new market conditions and gives weight to new settings.
FOREX FTM NEWS TRADING
One of the key advantages of Forex FTM is its ability to perform during news releases, this news-filter feature is called WEB-Source v2. Forex FTM receives news via a web interface and it is able to combine technical analysis with fundamental market data.
Automated Forex Trading is a complicated process that requires the best combination of hardware and software plus a very competitive ECN / STP Broker.
Before trading for Real Money, apply historical back-testing on any Automated Forex Strategy that you are about to implement.
Trade on a Demo Account before moving on a Live Account. When you start using your Forex Robot, dedicate an exclusive Live Account for it and don’t mix any manual activity in the same account. Running your Forex Robot on a Forex VPS hosting always makes things easier and generates more reliable results.