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MT5 iBotTrader
The MT5 iBotTrader has released a new version, V 1.12, which addresses minor bugs and resolves trade opening issues. This latest version of the Expert Advisor (EA) is designed based on an Artificial Intelligence algorithm that continuously adapts to market conditions without using risky trading techniques such as martingale or grid strategies. Instead, it relies on a pure price action algorithm managed by an AI engine.
Key Features
The MT5 iBotTrader is specifically designed for trading gold and performs best on four symbols: XAUUSD, XAUAUD, XAUJPY, and XAUEUR. It utilizes the latest AI techniques and operates on the H1 chart. The EA comes with a promotional price, but it will increase to $149 after 10 sales.
Updates and Fixes
The new V 1.12 version of MT5 iBotTrader addresses minor bugs and fixes the problem that prevents trades from opening. Additionally, the previous version, V 1.53, had issues with closing trades on Friday hour and calculating the lot size of XAUJPY. However, these issues have been resolved, and the EA now operates stably.
How to Use
To run the MT5 iBotTrader, launch it on a live account using the XAUAUD chart and H1 time frame. Select the desired load deposit percentage value (maximum percent loss per trade) between 1 and 4. For example, if you have a $1,000 account balance, it is recommended to set it at 1%. If XAUAUD is not available in your account, you can run the EA on XAUUSD or the Gold symbol. It is important to note that the EA performs best on a low spread (Raw, ECN) account with at least 1:100 leverage. Different brokers may have variations in market data, such as ticks, spread, and swap, so selecting a RAW trading account will provide the best spread.
Additional Information and Support
For more details on the MT5 iBotTrader, you can visit the official MQL5 website. The live signal of the EA can be found at [link to live signal]. If you prefer the MT4 version, it is available [link to MT4 version]. Further information about the expert, including inputs description, can be found in the blog post [link to blog post].
Independent Testing and User Experience
If you are interested in independent testing of the MT5 iBotTrader, you can visit forexroboteasy.com. They provide comprehensive testing and updates on the results of using this product. Additionally, we encourage users to share their experience of using the EA and provide feedback for further improvements.
Overall, the new version of MT5 iBotTrader (V 1.12) offers fixes for minor bugs and trade opening issues. It is a reliable Expert Advisor based on an AI algorithm, designed for trading gold. With its pure price action approach and continuous adaptation to market conditions, it provides traders with a valuable tool for their forex strategies.
Review: MT5 iBotTrader – New Version (V 1.12) Fixes Minor Bugs and Trade Opening Issues
forexroboteasy.com
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Billy Barten
1 review
Unbiased MT5 iBotTrader Forex Trading Software Review 2021
From the get-go, I was intrigued by the promises made by the developers of this software. The idea of a robot handling my trades, making calculated decisions based on complex algorithms, was indeed appealing. However, as I started using it, I found that the robot was not functioning as expected. There were instances where it would not execute trades at the most opportune moments, leading to missed opportunities. Moreover, there were times when it would not work at all, leaving me in a lurch. I tried reaching out to the customer service, hoping for a solution, but to no avail. The lack of prompt and effective support added to my frustration. Now, I'm not one to jump to conclusions hastily. I understand that every software can have its glitches and perhaps, I was just unlucky. But as I continued to face these issues, I couldn't help but question the credibility of this software. The thought crossed my mind - could this be a scam? I mean, it's not unheard of in the world of online trading. There are numerous instances of people being duped by flashy software that promise high returns. I'm not saying that MT5 iBotTrader is a scam. But based on my experience, I would advise potential users to proceed with caution. It's always better to do thorough research, read reviews, and even try out the demo version before investing your hard-earned money. In conclusion, my experience with MT5 iBotTrader has been disappointing. The software did not perform as expected and the lack of effective customer support further dampened my experience. I hope the developers take note of these issues and work towards improving the software for future users.