Budak ubat v1.70 forex robot works using a series of indicators, mainly the RSI. This is an EA that uses martingale, so use with caution. But Budak Ubat gives you the ability to change the multiplier parameter, which allows it to decrease the martingale level. Thus, you determine the risk level you want.
Unlike most of the other martingale, EA’s This doesn’t place random entries, rather it is riding on market movement RSI > 50. If the market moved the opposite direction after the first entry, the next entry is compounded by the multiplier.
Best on M15 Timeframe
Recommended to use on EURUSD, USDJPY, GBPUSD, and EURJPY (Work best on EURUSD)
Minimum of $200 cent Account for each pair
It is the lot size entered for the first layer
The EA will modify its TP point to BreakEven point + (TP input) everytime it enter a trade
The value of the multiplier. The EA will Multiply the lot for the next layer based on this input.
If the input is True, the EA will recognize its StartingLot based on your equity per 10,000.
Lot = StartingLot x Equity/10000
The max layer limit.
It is a Magic Number.
TimeFrame: The developers recommend M5. When market trends in the opposite direction, Budak Ubat EA keeps on opening entries every (n)TF time. Thus, if your capital is limited, frequent intervention is needed to adjust higher TF to save your account. When it opens more than 10layers/ entries or margin% is down to 10,000%, that’s the time to increase your TF setting. M15 might be the most reasonable.