Octotrader AI Trading Robot (Free Download)
Octotrader AI Trading Robot is an advanced trading solution that combines artificial intelligence with traditional technical analysis to predict market movements. It features dynamic lot sizing, robust risk management, and a revolutionary recovery mode, making it ideal for both individual traders and prop firm requirements.
Unlocking the Future of Trading with Octotrader AI Trading Robot
In today’s fast-paced financial markets, traders need innovative tools to stay ahead. Enter the Octotrader AI Trading Robot—a groundbreaking solution that combines artificial intelligence with traditional technical analysis to predict market movements. This sophisticated algorithm doesn’t just react; it adapts dynamically to your account size and incorporates cutting-edge features ideal for prop firm trading. It ensures safety through drawdown limiters and a highly customizable risk management system.
Key Features of Octotrader AI Trading Robot
- Dynamic Lot Sizing: Automatically adjusts lot size based on account balance and risk levels.
- Drawdown Limiters: Protects your account from excessive losses with maximum account and daily drawdown controls, making it ideal for prop firm trading.
- Trailing Take Profit: Secures gains and maximizes potential profits from strong price movements.
- Batch Trading: Opens multiple trades per batch for flexible position management.
- Recovery Mode: Attempts to recover losing positions with additional trades based on a flexible recovery strategy.
- News Filter: Avoids trading during high-impact news events with an integrated news filter.
Revolutionizing Trading with Advanced AI Technology
The Octotrader AI Trading Robot leverages the power of Recurrent Neural Networks (RNNs), specifically Long Short-Term Memory (LSTM) cells. These neural networks are trained using data from technical analysis indicators. Through this sophisticated method, the robot learns which indicators are most relevant for future price movements and acts upon them in real-time.
LSTM networks excel in time series analysis because they consider both short- and long-term historical data. Consequently, Octotrader AI can predict market trends more accurately than traditional methods. This advanced technology sets it apart in the crowded field of trading robots.
Mechanics: A Deep Dive into Octotrader AI’s Operation
Instead of opening a single trade, Octotrader AI opens multiple smaller trades simultaneously. If the market shifts unfavorably, the robot gradually closes the losing positions. It uses profits gained from additional trades to offset losses. This strategy enhances flexibility and increases the potential for profit even in volatile markets.
The robot includes powerful risk management features. These features include maximum drawdown limits for both the account and daily trading activity. They ensure you stay within your desired risk parameters. Every position always has a fixed or trailing Take Profit and a fixed Stop Loss set from the beginning. Although you can change these values, we recommend keeping the default settings optimized for prolonged backtesting periods.
Prioritizing Safety with Robust Risk Management
Risk management is crucial in trading. Octotrader AI Trading Robot excels in this area with its highly customizable risk management system. The drawdown limiters protect your account from excessive losses. You can set maximum account and daily drawdown limits as a percentage of the initial account size. This feature is particularly beneficial for prop firm trading where strict risk parameters are mandatory.
Moreover, the dynamic lot sizing adjusts the lot size automatically based on your account balance and risk levels. This ensures that you are not over-leveraging your account. The robot also uses a News Filter to avoid trading during high-impact news events. This reduces the risk associated with sudden market volatility.
Optimizing Performance with the Right Currency Pairs and Timeframes
The neural network behind Octotrader AI was trained on historical market movements of the EURUSD pair. Therefore, we recommend using it primarily on EURUSD for optimal performance. However, you can always test and experiment with other currency pairs. The robot uses the M5 timeframe internally. You can attach it to any timeframe chart, and it will work the same way.
Customizing Your Experience with Input Parameters
Octotrader AI offers a range of input parameters for customization:
Prop Firm Settings
- Drawdown Limiter: Activate or deactivate to control account and daily drawdown limits.
- Initial Account Size: Sets the initial account size for drawdown calculations.
- Max Account Drawdown: Defines the maximum permissible account drawdown as a percentage.
Lot Sizes
- Lot Calculation Method: Choose between Balance, Equity, or Fixed Lot Size.
- Fixed Lot Size: Sets the lot size when using fixed lot sizing.
- Max Risk Percentage: Defines the maximum risk for the initial trade batch.
Batch Settings
- Number of Trades per Batch: Number of trades to open for each entry.
Trade Settings
- Take Profit Type: Sets the Take Profit method to fixed or trailing.
- Take Profit (pips): Sets the Take Profit value.
- Trailing Take Profit (pips): Sets a trailing stop after the initial Take Profit is hit.
- Stop Loss (pips): Sets the Stop Loss value.
- Max Spread (points): Sets the maximum spread at which a trade will execute.
Recovery Settings
- Max Recovery Batches: Maximum number of recovery trade batches.
- Recovery Trades Distance (pips): Distance between recovery trades.
- Percentage of Profits used for Recovery: How much profits are allocated for recovering losses.
- Recovery Lot Multiplier: Multiplier for lot sizes of recovery trades.
News Filter Settings
- News Filter: Activate or deactivate to prevent trading during high-impact news.
- Event Impact to Filter: Minimum level of event impact to be filtered.
- Filter Trades n Minutes before Event: Prevents trades within specified minutes before news.
- Filter Trades n Minutes after Event: Prevents trades within specified minutes after news.
General Settings
- Magic Number: Unique identifier for the EA.
- Trade Comment: Comment attached to each trade.
- User Interface: Toggles the display of the user interface.
- User Interface Font Size: Sets the font size of the interface.
Enhancing Profitability with Recovery and Trailing Profit Modes
Recovery Mode
With Recovery Mode, you can attempt to recover a losing position automatically. The robot opens additional trades to gradually close losing positions one by one using profits. This method is based on the Fibonacci Retracement theory. It increases the chances of turning a losing situation into a profitable one.
Trailing Profit Mode
Trailing Profit Mode allows you to take advantage of large price movements in a favorable direction. It adjusts the Take Profit level as the market moves, securing gains. You can use this mode in conjunction with Recovery Mode for maximum effectiveness.
Proven Results Through Extensive Backtesting
During development, we trained and tested the neural network using backtesting data from January 1, 2010, to December 31, 2023. We used 100% history quality data to ensure accuracy. Additionally, the robot was forward-tested until September 2024. The results were impressive, demonstrating consistent profitability and robust risk management.
You can replicate these backtest results using the following settings:
- Symbol: EURUSD
- Timeframe: Any
- Modeling: ‘Every Tick based on Real Ticks’ is recommended. ‘1-minute OHLC’ may suffice but is less accurate.
- Deposit: Minimum of 200 is recommended
- Leverage: Any
Final Thoughts on Octotrader AI Trading Robot
Octotrader AI Trading Robot represents a significant advancement in automated trading. By combining artificial intelligence with traditional technical analysis, it offers a dynamic and adaptive trading strategy. Its robust risk management features make it suitable for both individual traders and prop firm requirements. With extensive backtesting and forward-testing, it has proven its capability to deliver consistent results. If you’re looking to elevate your trading game, Octotrader AI Trading Robot is a compelling choice.
Thanks for your efforts.
If I hit a big one, your in & no ifs. ( How about a Big5 subsidised Safari) what a pleasure!
Thank you for the feedback!