Forex robot TFOT algorithm .pdf
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Forex robot TFOT – algorithm explanation
Forex robot TFOT contains several modules:
BackPropagation Neural Network
Forex news filter
Trading signal can be generated by scalping strategy or (and) breakdown strategy. If signal generate scalping strategy,
robot will check all important news for EUR and USD currencies, and if in the near future there are no important news,
robot will open order. Robot will open order with full lot size ,if neural network passes a signal and with 50% (adjustable)
of lot size if neural network did not pass a signal. For this strategy we use trailing stop loss based ATR indicator.
Same algorithm for breakdown strategy, but with one exception: we do not use news filter for this strategy.
News module based on FF news indicator. Indicator loads news calendar from forexfactory website. News module has a
lot of adjustable parameters:
SymbolsFilter.On = true; Filter by simbol
SymbolsFilter = "EUR,USD"; Symbols
ShowOnlyCurrDay = false; Show calendar only for current day
IncludeHigh = true; show high impact news
IncludeMedium = true; show medium impact news
IncludeLow = false; show low impact news
IgnoreFilter.On = true; Ignore: holiday, speaks, tentative news
But we have adjusted this module and sell robot with best settings.
Neural network based on Back Propagation Neural Network. You can read more about Back Propagation Neural Network
In simple words, the neural network module analyzes back test and for each order several bars before winning or losing
order, and stores patterns. In real trading module compare new patterns with stored patterns and makes decision.
Real Account Test
We test Forex Robot TFOT since 2010 and received excellent results.
You can check test here: http://www.myfxbook.com/members/iticsoftware/expert‐advisor‐tfot/65539
Forex Robot TFOT home page: http://iticsoftware.com/tfot6/