Fx4u GBPUSD Trading Robot

This trading robot by Fx4u is designed to run on GBPUSD only and there are only a few parameter settings to configure the system, it works out of the box and is already optimised and ready for you to start trading.

Price Action Strategy

Make sure you use GBPUSD in a 15-minute timeframe.

There are 2 signals to open a buy order (opposite for a sell order):

1. In a large uptrend, enter a trade when a small uptrend appears and add some sufficient conditions.
2. When the price is fluctuating in an uptrend band, enter an order when the price returns to the old bottom and add some sufficient conditions.

Stop loss

All trades have a stop loss. It relies on the Fractal indicator or the Supertrend indicator or the neighbouring price zone.

Take profit

All transactions have a set take profit. It is based on the Fractal indicator or the neighbouring price zone or an optimal ratio.

Capital management

Each entry signal is only one order. With 1 stop loss, and multiple take profit levels to maximize profits. Also relies on Kelly's capital management method to bet higher amounts on positions that are likely to yield larger returns.

Backtest Results

You can fun a backtest for 1 year of historical data to see the results yourself.

This trading system provides excellent results on all date ranges, try it yourself from 2011 to 2023.

What Results Can It Achieve?

This automated trading system will automatically open, close and manage your trades, but we advise you to acquire the following skills below to protect your account against unpredictable market events.

• cBot optimisation.
• Not overfitting with optimisation.
• cBot backtesting.
• Trading system timing - when to turn on or off the cBot.
• Financial market knowledge, when to close trades early and let winners run.
• View backtest results.

cBot Adjustable Settings

This cBot has a few settings and they are all explained below, if there is anything that you do not understand please follow the link below.

• Need help, post here

There's really nothing to set. I have optimized everything in the robot to avoid the risk when you set the parameters.

Money Management

Choose Risk (meaning you are choosing % of account risk for each order you enter). If you choose FixMoney, you will set a fixed amount for each order you enter.

Max Money

The maximum loss amount for each order (if the above you choose is greater than Max Money, the amount will be the amount you put in Max Money).

Important Note

With your chosen loss amount, allow me to risk with a margin of error of +/- 10%. This is the profit optimization method I applied with reference to Kelly's capital management method. Bet a higher amount on big profitable trades and vice versa.

How To Install & Remove

First, make sure you have the cTrader trading platform installed and then unzip the file and double-click on it to automatically install it onto the platform.

• How to install
• How to open
• How to remove
• How to edit settings

Any Questions?

If you have any questions, please first search our product help site for the answer, if you cannot find it, post a new question.