What is Octotrader AI EA?

Octotrader AI EA is an advanced, AI-driven Expert Advisor (EA) for Forex trading, combining Artificial Intelligence with traditional technical analysis to optimize market prediction and profitability. With a unique recovery mode, Octotrader AI divides each trade into smaller positions and closes them individually using profits from other trades, reducing risk. The EA dynamically adapts to various account sizes, features specialized tools for prop firm trading, and includes robust drawdown limiters and customizable risk management options.

Octotrader AI utilizes Recurrent Neural Networks (RNNs), specifically Long-Short-Term-Memory (LSTM) cells trained on technical analysis data to understand the most influential indicators for future price movements. Ideal for EURUSD, GBPUSD, and other Forex pairs on M5 timeframe, it provides precision through both short- and long-term data analysis.

Key Features Octotrader AI EA:

• Dynamic Lot Sizing: Adjusts trade sizes automatically based on account balance and desired risk.
• Drawdown Limiters: Protects accounts with maximum account and daily drawdown controls, excellent for Prop Firm Trading.
• Trailing Take Profit: Locks in gains by securing profits from favorable price movements.
• Batch Trading and Recovery Mode: Opens multiple trades in each batch and incorporates a flexible recovery strategy to mitigate losses.
• News Filter: Prevents trading during high-impact news events, ensuring stable performance.

Mechanics & Safety Controls:

The EA’s mechanics include batch trades for dynamic position management. It opens multiple trades and closes losing positions with profits from new trades, ensuring trades remain within preset risk limits. Each trade has a Stop Loss and Take Profit, and an optional trailing Take Profit.

Currency Pairs & Timeframes:

Designed and optimized for EURUSD, Octotrader AI EA can work with other pairs as well. It primarily uses the M5 timeframe for accurate, rapid analysis.

Input Parameters:

• Prop Firm Settings: Controls for account and daily drawdown limits.
• Lot Size Customization: Tailors lot sizes based on balance, equity, or fixed sizing.
• Recovery & Trailing Modes: Recovery mode aims to gradually close losing positions using the Fibonacci Retracement theory, while trailing mode maximizes gains on favorable movements.

Setup Recommendations:

• Platform: MetaTrader 4
• Pairs: EURUSD, GBPUSD, and other major Forex pairs
• Minimum Deposit: $200
• VPS Recommendation: For uninterrupted trading.

Backtesting and Forward Testing:

Octotrader AI EA has undergone rigorous testing with 100% quality data from 2010 to 2023, with additional forward testing until September 2024. Replicate results using settings for EURUSD, M5 timeframe, and ‘Every Tick based on Real Ticks’ modeling.