Expert Advisor

Trading Bot

A trading bot is a computer program designed by a coder to buy and sell assets at the right time based on a trading strategy. Pure Algo Trading Robot is a trading bot designed for 100% hand free operation with good return. Unlike our Price Breakout Pattern Scanner Autopilot EA, Pure Algo Trading Robot EA does not care about any trading principle at all. Our trading bot is purely driven by statistical testing (i.e. backtesting and forward testing) results. Main goal with Pure Algo Trading Robot is to achieve consistency and to adapt any type of market. So far, it showed roboustness to most of major currency pairs. We had the first version running on June 2017 for more than 40 weeks on 4 major currency pairs. The results was stable and scalable. During this time, we have not even changed any single parameters for the EA. The EA operated pretty well on its own. Pure Algo Trading Robot EA is the medium frequency trading robot with ability to run on multiple currency pairs. It is 100% Hand Free Trading Robot.

You might read this article for more information about our expert adviser and trading robots in our website:

Trading Bot Input

Using EA is extremely simple. You just need to concern only these 7 main inputs.

Main Trading Inputs

  • Start Lot: Manual Lot size if Risk is not used
  • Risk Per each Trade: 0.01 = 1%
  • Strategy Type: 0, 1, 2 (Only 3 Strategies)
  • Reward/Risk Ratio: 1 to 3 only
  • Indicator Period 1: from 30 to 100 in step of 5
  • Indicator Period 2: from 5 to 30 in step of 5
  • EA Magic Number: Magic number of EA

Trading Bot Operation

The EA works for any currency pairs. However, due to its slow optimization, the EA is operating on EURUSD, GBPUSD, USDJPY, USDCAD and AUDUSD. EA can be used for any timeframe but we recommend to use between M5 and D1 timeframe. If you prefer to have a human + robot collobroation, then please use our Price Breakout Pattern Scanner Autopliot EA. Pure Algo Trading Robot EA is purely driven by the statistical testing environment. You can only use this robot for 100% hand free trading.

Trading Bot Characteristics

  • EA does not use any hedging operation
  • EA does not use any martingale or grid operation.
  • EA is not a high frequency trading robot.
  • EA is a medium frequency trading robot. It is generally less sensitive to the choice of brokers or your vps.
  • EA is designed to run with greater take profit than stop loss most of time.
  • EA can experience some drawdowns and it is a medium to long term trading robot.
  • It is recommended to run the EA for at least two currency pairs.
  • You need to run this EA 24/7 to get the best results.
  • EA always trade with fixed Stop Loss and take profit target, which keep your account safe.

Trading Bot Settings

Please use the provided EA setting at your own risk. If you do not like to use this provided settings, you are free to optimize the EA according to your own preferences. For this provide setting, you can use the Risk per each trade from 0.01 (1%) to 0.05 (5%) according to your own risk preferences. Please at least check the Risk per each Trade input once before using this setting. We were using below setting for about 40 weeks.

EURUSD H1 (old)

  • Strategy Type: 0
  • Reward/Risk Ratio: 1.6
  • Indicator Period 1: 36
  • Indicator Period 2: 11

GBPUSD H1 (old)

  • Strategy Type: 2
  • Reward/Risk Ratio: 1.6
  • Indicator Period 1: 50
  • Indicator Period 2: 15

USDJPY H1 (old)

  • Strategy Type: 0
  • Reward/Risk Ratio: 1.6
  • Indicator Period 1: 52
  • Indicator Period 2: 7

USDCAD H1 (old)

  • Strategy Type: 2
  • Reward/Risk Ratio: 2.0
  • Indicator Period 1: 84
  • Indicator Period 2: 7

Important Note

For your information, the provided setting is for guidance purpose only. You need to create your own optimized settings in strategy tester. Hence, you need to be familiar with the strategy tester in MetaTrader to use our EA. In fact, this advice applies to any EAs in the market. This product is the off the shelf product in the store. Therefore, we do not take any personal modification or personal customization request. For our products, we do not provide any code library or any support for your coding.