XTURBO Strategy Indicator V3.3 MT4

XTURBO Strategy Indicator V3.3 MT4

Overview

The XTURBO Strategy Indicator V3.3 is an automated trading system designed for specific forex major currency pairs. Let’s delve into its key features, strategy, and essential details.

Key Features

• Timeframes: The XTURBO Strategy works optimally on the M15 and M30 timeframes.
• Currency Pairs: It is specifically tailored for the following currency pairs:
  • GBPUAD
  • CADJPY

Strategy

The XTURBO Strategy Indicator V3.3 employs a combination of techniques to execute trades effectively:

1. Keltner Channel Indicator: This technical analysis tool identifies an asset’s price action trend. It consists of two lines—an upper channel line and a lower channel line—drawn above and below the asset’s price. The XTURBO Strategy utilizes the Keltner Channel to spot potential trading opportunities.

1. Hedging Strategy:
   • When a trade signal is generated based on the Keltner Channel, the system opens an initial position in the indicated direction.
   • If the market moves against the initial position, the system opens a hedging position in the opposite direction. The hedging position has a smaller lot size to reduce overall risk exposure.
   • As the market continues moving against the initial position, the hedging position accumulates profits, offsetting losses from the initial trade.
   • Conversely, if the market eventually turns in favor of the initial position, the system closes out the hedging position, allowing the initial trade to run.
2. Risk Appetite:
   • The XTURBO Strategy offers two preset options:
     • LOW RISK: Generates steady returns with lower risk.
     • HIGH RISK: Aims for higher returns but carries a greater risk of loss.
   • Traders can select the preset that aligns with their risk tolerance.

Minimum Deposit

The XTURBO Strategy doesn’t impose a minimum balance requirement, making it accessible to traders with varying capital levels.