The Ethereum Trading Bot is designed for trading Ethereum (ETH/USD) on the H1 timeframe. It primarily follows a momentum-based strategy, incorporating price action and an indicator-driven approach. The bot operates continuously throughout the week, without specific session restrictions.
Entry Volume (Lot Size): 1.00 lot (adjustable)
Stop Loss: 0 pips (not pre-defined, relies on other exit conditions)
Take Profit: 0 pips (not pre-defined, indicating a strategy-driven exit approach)
Indicators Used:
Candle Pattern Detection: Minimum candle body height of 21 pips with two consecutive candles acting as a confirmation signal.
Commodity Channel Index (CCI): Applied with a period of 8 and a threshold level of -190, likely used for detecting oversold or momentum shifts.
This FREE Ethereum Bot deploys a trend-following momentum-based strategy with elements of candle pattern confirmation. The CCI indicator suggests that it attempts to identify potential entry points based on price momentum, while the candle pattern filter ensures confirmation before execution.For installation instructions, you can download our Free Expert Advisors Startup Guide before trading with the robot.Disclaimer: This Ethereum Trading Botis for educational purposes and is free to download. Get the FREE Ethereum Bot and test it on a Demo account. Traders should regularly monitor the performance to ensure it aligns with expectations.
