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Requirements

  1. MetaTrader 5 broker

  2. Hedging or netting type account

  3. Leverage 1:100

  4. Minimum capital $5000

  5. EURCAD, EURJPY, EURUSD, GBPCHF, GBPUSD, USDCAD, USDZAR

  6. Telegram account

  7. FIFO compliant

Meteor Tail

Meteor Tail is designed to trade a single direction continuously. In the forex market, trends can manifest over long periods. Though volumes of books have been written about how to trade the trend, there exists no ready made tools to extract the most profit from prolonged market events. Market trends themselves come in all shapes and sizes. Nice steadily increasing prices are the easiest to reap. But, the market rarely gives you those. Instead, you are likely to see whipsaw movement as the price encounters institutional stop and limit orders. On the weekly chart, in hindsight, the price may appear smooth and linear. However, at smaller intervals the chart appears to lurch its way higher or lower. Herein lies the difficulty and confusion of trend trading. Your stops get taken out and your limit orders are met prematurely. As the price moves higher you are hesitant to get back in the trade for fear of reversal.

Meteor Tail is an algorithmic automated system that places market orders only in the direction you choose. The trading bias continues in this direction until you reverse the direction or deactivate the system on your control panel. While the system is in the trade the strategy looks for exit opportunities which present the most favorable price. Once out of the trade the setups look for the most favorable entry. This cycle repeats continuously. Of course, you decide the profit and risk levels in your 

configuration panel. However, the system has built in defaults which trade out-of-the-box with the most favorable backtest configuration. The strategies themselves are, commensurately, trend follow types. As such, they are prone to choppy market conditions where swing trading may better prevail. This system employs a proprietary martingale calculation algorithm which, if enabled, places trades in the MAE space forming a pyramid stack. The system attempts to recover losses through a dollar cost averaging (DCA) method which can be disabled if conserving margin is required. Being a single directional trader, this system can be applied to both hedging and netting account types. Currently, this system supports seven currency pairs listed below. Please note that this is a high risk trading system and you should only trade what you can, realistically, afford to lose

CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under — or over — compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

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