Compared to the previous version, the latest RobinVOL v3.0 is a totally new Forex robot that included many improvements and new features in addition to some important features from its precursor v2.0.
It trades volatility breakouts. It enters positions in the breakout directions using two different strategies:
- On Breakout Occurrence.
- On Breakout Retracement.
Positions are added in the breakout direction on every bar as long as the conditions are met, RobinVOL only trades at the bar close protecting against some market spikes and fake movements.
If the TakeProfit or StopLoss levels are touched by the traded pair price, the opened trade is not closed at once, but RobinVOL waits for the bar closing to see if the price closes behind those levels, so every trade closing will always be a bit further from both the TakeProfit and StopLoss levels.
This is a new capability in the latest version 3 of the EA, it can now run with multiple configurations at the same time via holding and manipulating the market data rapidly and precisely.
Inline with portfolio mode, RobinVOL v3.0 can now efficiently manage all operations on the same currency pair and avoid unnecessary commissions to improve its efficacy.
Single Trading Mode
This is the traditional trading mode of the previous version 2.0, it's still operable in the latest version 3.0 where it's now more profitable thanks to the improvements made to the latest version, the most important of which is the ability to trade in non-standard timeframes as 7M and 12M for example.
Security and Protection
All the security features of the older version 2.0 as the weekend protection, bracket StopLoss / TakeProfit and setting an initial balance regardless of the real account balance are kept in the latest version 3.0 in addition to the new option to specify the size in the account currency for calculation operation sizes that was added to the EA settings.
Performance Variations Expansion
Multiple pairs are now supported with different timeframes that were carefully selected after deep performance analysis and testing with various techniques.
A redesigned graphical interface is now integrated to display important information on the chart in a simple and clean way to track information from different charts in one place.
Setting Files and Folders Structure
After installing RobinVOL v3.0, monthly updated setting files that are downloadable at the official client area have to be copied to EA folders every month, a new structure of these folders have been set to make this process easier compared to the previous version.
On updating the setting files at the beginning of each month, trades from the previous month will still be automatically managed even if there is no setting files.
RobinVOL v3.0 can also run with other Forex robots.
trades volatility breakouts and their retracements. It's not a scalper and opens additional trades whenever matching the first entry conditions, up to a preset count of trades which is 8 by default, and just trades at bar open.
AUDJPY, AUDUSD, CADJPY, EURAUD, EURGBP, EURJPY, EURUSD, GBPAUD, GBPUSD, USDCAD and USDJPY
M1, non-standard timeframes are supported.