RoboTL is not a standard forex robot. It works according to several different strategies and determines the best strategy for current time by examining past price movements. Specifies its TakeProfit and StopLoss levels according to the current conditions. This means, it does not use fixed TP - SL levels.
According to its standard strategy, it deletes the TP-SL values at evening and then works without TakeProfit and StopLoss levels till morning. Then, it calculates suitable TP-SL levels for new conditions and writes the new values to the trade. But, it is not a must to use the RoboTL with this strategy. It is also possible to use the system by selecting Type-2. This type does not delete TP-SL values.
RoboTL has only 3 input parameters. Lot size, magic number and working type.
Published on March 13, 2017