Input Parameters

Below are all the input options (aka: Parameters) for Desbot and how to use them. You can find the best Parameters through optimization.

RiskPercentage

Enter the number that represents the percent of your account balance you want Desbot to risk per trade. For example, entering 1.5 would risk 1.5% of your Account Balance.

SLTicks

Enter the number of ticks you want for your stop loss. For Example, entering 500 would set 500 tick aka a 50 Pip stop loss.

TPTIcks

Enter the number of ticks you want for your take profit. For Example, entering 500 would set 500 tick aka a 50 Pip take profit.

startHour

Enter the hour of the day you want Desbot to start trading. This field is based on the 24 hour clock, so if you want Desbot to start working at 4 pm enter 16.

endHour

Enter the hour of the day you want Desbot to stop trading. This field is based on the 24 hour clock, so if you want Desbot to stop working at 5 pm enter 17.

MALow

Enter the number of candles close prices you want Desbot to use when calculating this moving average. For example enter 21 for Desbot to use the average of the last 21 candle close prices to educate itself with a moving average line.

MAMedium

Enter the number of candles close prices you want Desbot to use when calculating this moving average. For example enter 50 for Desbot to use the average of the last 50 candle close prices to educate itself with a moving average line.

MAHigh

Enter the number of candles close prices you want Desbot to use when calculating this moving average. For example enter 200 for Desbot to use the average of the last 200 candle close prices to educate itself with a moving average line.

The Strategy

Without giving too many of our secrets away…Desbot first Checks the clock making sure it's between its Start time (startHour) and End time (endHour), followed by making sure there are no active orders in play. Desbot will then check for specific patterns on your chosen timeframe and currency pair, which occur in line with an order of moving average lines, depending on the type of trade. For a Buy trade, Desbot will look for a pattern, the low line (MALow) above the medium line (MAMedium) and MAMedium above the high line (MAHigh). Desbot will look for the opposite order for a Sell trade. Once Desbot is ready to make a trade it will use your preferred Risk Percentage (RiskPercentage) set the percentage of your account balance to risk and lock in your fixed Stop Loss and Take Profits. Desbot also takes advantage of RSI lines to help reduce the risk of a trade hitting the Stop Loss. Once you are in the lucky position of being able to risk more than your broker would allow per trade Desbot will use your broker's maximum Lot size to judge how many trades it needs to make at the same time to roughly risk the same risk percentage of your account balance. For example, if your broker's maximum lot size is 50 and your account balance is around £1.7 million on the currency pair USD/JPY Desbot will divide the lot size needed to meet your risk percentage by your Broker's maximum lot size per trade, round to the nearest whole number and use that as an indicator for the number of trades it need to make in one go.