The SmartChoise EA is designed as a trading bot for micro lot trading on XAU/USD for the M1 timeframe, employing a neural-network-based market analysis. Its task is geared toward ensuring stable growth for the long term while managing risk and adapting to sudden changes in market conditions.
Unlike martingale-style systems, SmartChoise adopts an adaptive lot size, coupled with strict risk constraints. This flexibility makes it accessible to traders of various levels and risk tolerances.
Among its main features are a neural-network decision-making mechanism; dynamic lot size, conditioning on market environment and trend; aid for strategies based on support/resistance levels and candlestick patterns (optional); as well as an advanced recovery system after drawdowns. A trailing stop and a news filter are also implemented.
Important: On small accounts, the recovery system can be less efficient for lack of capital. In such a case, good risk management would call for operating at a low or medium risk level, tightened by a stop loss from further large losses. A demonstration account is highly recommended in order to understand how the robot behaves with your settings. If you want to diversify the risk, you could even run several copies with different identifiers.
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