Tik Capital MT4 Forex Bot

A free to download automatic MT4 forex bot is called Tik Capital Bot. Although the creator of the EA hasn’t given much information about it, the system appears to use moving averages and the stochastic oscillator in its operations.

A common instrument used by traders to spot potential overbought or oversold levels and predict a potential market reversal is the stochastic oscillator. Moving averages, on the other hand, can be used to identify market patterns. These two resources together imply that Tik Capital EA may be combining trend-following and mean-reversion methods. However, no specific confirmation has been given by the developer.

The Tik Capital Bot, according to its creator, includes a “news filter.” If implemented properly, this functionality could assist the bot in avoiding trading during periods of extreme volatility that are frequently brought on by important financial news events. Despite the creator mentioning it in the EA, this functionality isn’t there in this one.

MT4 Forex Bot offers a number of common functions. Additionally, it features pre-established guidelines for applying take profit (TP), stop loss (SL), and trailing stop loss (TSL). The effectiveness of these characteristics will rely on how well the trading signals generated by the bot are accurate, but they all attempt to reduce risk and increase profit potential.

Although it does not use martingale and grid, it does integrate some aspects of the hedging approach. It conducts three to seven trades per day, and a trade may remain open for several days. A stop loss and take profit are always present to protect every transaction.

According to the creator, the risk management ratio for the Tik Capital Bot is 1:3. The bot is presumably intended to aim three units of possible profit for every unit of potential loss. Furthermore, it is stated to open three to seven trades each day, albeit the performance results of these trades are not specifically stated.

Recommendations

• Minimum 200 dollars in the account.
• Work on any pair, although XAUUSD and EURUSD are the best options.
• the M5, M15, and H1 TimeFrames. (Attainable at any time)
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
• low spread ECN account is also advised (Find the Perfect Broker For You Here).