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  1. MetaTrader 5 broker

  2. Hedging or netting type account

  3. Leverage 1:100

  4. Minimum capital $5000


  6. Telegram account

  7. FIFO compliant

Meteor Tail   [SYSTEM]

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 ten currency pairs listed above. Please note that this is a high risk trading system and you should only trade what you can, realistically, afford to lose.

Meteor Tail features three trading modes: Long, Short and Grid

Have a favorite forecaster that you trust and adore? Then our Meteor Tail directional trader can help you get the most of the move you expect. Instead of using a simple take profit and stop loss (TP and SL), select long or short in the bot configuration form and apply it to your forecast currency pair. The system will continue to trade only in the selected direction across multiple trades. When you believe fortune favors the other direction manually reverse the bias the same way. For long term position trading you may choose to activate pyramiding to martingale dips as the trend moves in the favorable direction. When locked into a single direction, Meteor Tail will book profits (if any) based on the strategy profit condition and the minimum profit  

threshold set in the bot configuration form. To capture very small profits you must set a limit order in addition to the minimum profit. After a profitable exit the strategy setups will look for a favorable entry condition (usually a pullback) to get back in the market. This entry and exit cycle continues in the single direction selected until you deactivate the robot. One idea you may find interesting is to hedge two accounts by creating opposing Meteor Tail symbols on each. In this scenario both accounts would, theoretically, benefit from a range bound market.

Select the Grid option to experience a new and exciting way to trade Forex. In Grid Trading mode, Meteor Tail trades bidirectionally by reversing the position on each stop loss. The position size is increased on each reversal and remains elevated until the symbol debt is recouped. You determine the width of the bracket through the stop offset field in the bot configuration form. Simply put, your position gets bigger each time you lose but it doesn’t have to move as far to recover your losses. You can limit the number of increases by setting the maximum position size in the configuration form. For a more flexible reversal boundary you can set the maximum pyramids and trigger a reversal when that number is exceeded. Pyramids are calculated at conditional pivot points thereby creating a fuzzy boundary based on market forces rather than a hard number. The system automatically tracks the performance of each symbol to know when to increase or reset the position size. The maximum gain of the system occurs when and if a sustainable trend follows a breakout and the position’s elevated size remains for an extended period. Meteor tail features 10 currency pairs so you have plenty of choice when selecting your trading set. Run a single symbol or run them all based on your capital and base trade size. This is a really fun way to trade the market and a great way to limit your draw down!

Grid mode turns Meteor Tail into a powerful bracket trading system

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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