Algo Plus is a high-frequency algorithm based on price action. It won't trade every day so do not panic if it doesn’t open trades in a week. It will only trade during high frequency i.e. high volumes. When the market moves quickly in one direction or does a quick liquidity sweep (FU Candle), that’s when Algo Plus trades.
Time Frame: In order to maximize the use of Algo Plus, we recommend running it on 7-8 pairs on M1 chart.
For more activity, you can run on H1 chart. However, we recommend running on M1 chart mostly.
Pairs: EURUSD, GBPUSD, GBPJPY, EURCHF, USDJPY, USDCHF EURJPY (optional) Open all the above 6 pairs in a different chart with M1 time frame and run Algo Plus on each pair
Stop Loss should be 3 – 5 pips max. 3 pips recommended Maximum spread set to 1.2 – 2.3 pips max. 1.3 recommended
Algo Plus will mainly trade GBPJPY as it’s the most volatile out of all. Other pairs it will open trades very rarely. But in long term, this algorithm is proven to be very consistent
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