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Revobot-1 has been designed to trade 4 currency pairs – EURUSD, GPBUSD, USDJPY and EURGBP. However we have not been having good performance with EURGBP recently and so WILL NOT be trading this pair.
The robot is ONLY designed to work on a 1 HOUR timeframe chart. It picks high probability trades based on a range on custom indicators.
The robot aim is to pick a major trend and then follow the trend for as long as possible to maximize profits. It uses a trailing stop to achieve this. This means that sometime the profits will be huge as the trailing stop follows the market and other times they will be minor and the market reverses.
Revobot-1 is a long term EA. It builds up good profits over time. If you are looking for a hard fast and high frequency scalper then you’ll need to use Revobot-2. While we understand that people like to see trades happening all the time – this is a high-risk strategy!
We’d prefer to wait for high probability setups, however long they take.
Should Revobot-1 make a trade that the market then goes against the robot employs a dynamic stop system.
There is NO fixed stop loss.
Revobot-1 uses ATR indicator to determine a stop out OR it will cut a trade after 15 days if it is still within the ATR.
Due to the fact that Revobot-1 uses a dynamic stop and trailing profit we strongly suggest that any live trading is done on a VPS to ensure that your internet connection does not impact trading.
It might take several days for trades to start appearing. Don’t worry – as long as you have setup the robot correctly as per this manual all should be fine and the robot simply waiting for high probability trades.
Please don’t rush to trade! Patience is one of the keys to successful trading.
The Forex Revolution is taking the forex market and turning on it's head with a pair of ultra profitable robots.
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