Octotrader AI is an advanced and innovative algorithm that combines Artificial Intelligence with traditional technical analysis to forecast market trends. It includes a groundbreaking recovery mode that divides each entry into multiple smaller trades, closing them incrementally to secure profits from other positions. The system provides a dynamic trading strategy that adjusts to your account size, featuring state-of-the-art functionalities for prop firm trading and ensuring security through drawdown limiters and a highly customizable risk management framework.
This Expert Advisor leverages Recurrent Neural Networks, particularly Long-Short-Term Memory (LSTM) cells, trained on data derived from technical analysis indicators. This approach enables the EA to identify which indicators are most significant for predicting future price movements and responding accordingly. Additionally, LSTM networks are especially effective for time series analysis, as they can take into account both short-term and long-term historical data.
Introduction
Category – Expert Advisor (EA Robot )
Version – v 1.0
Build – 1425+
Platform – Metatrader 4 / Metatrader 5
Key Features of Octotrader AI
Dynamic Lot Sizing: Automatically adjust the lot size according to your account balance and risk parameters.
Drawdown Limiters: Safeguard your account from significant losses with maximum limits on both overall and daily drawdowns, making it perfect for Prop Firm Trading.
Trailing Take Profit: Implement trailing take profits to lock in gains and enhance potential profits during significant price movements.
Batch Trading: Execute multiple trades simultaneously for greater flexibility in position management.
Recovery Mode: Strive to recuperate losing trades through additional positions, utilizing a flexible recovery approach.
News Filter: With an integrated news filter, it steers clear of trading during high-impact news events.
Settings
Symbol: EURUSD
Timeframe: Any
Modeling: It is recommended to use “Every Tick based on Real Ticks.” Alternatively, “1-minute OHLC” can be sufficient but may provide less accuracy.
Deposit: A minimum deposit of 200 is recommended.
Leverage: Any level of leverage can be utilized.
Broker – FBS
Performance Analysis
Throughout the development process, this Neural Network was trained and tested using backtesting data from January 1, 2010, to December 31, 2023, utilizing 100% high-quality historical data. Furthermore, the EA underwent forward testing up until September 2024.
Demo Meta Trader 5 Demo Testing
How to Install and Set Up Octotrader AI
Here’s a short and simple guide to installing and setting up Octotrader AI EA on MT4:
Installation Steps
- Download the EA: Get the Octotrader AI EA file (.ex4) from the official source.
- Open MT4:
- Launch the MetaTrader 4 platform.
- Copy EA File:
- Click on File > Open Data Folder.
- Navigate to MQL4 > Experts.
- Paste the downloaded EA file here.
- Restart MT4: Close and reopen the platform to recognize the EA.
- Enable AutoTrading:
- Go to Tools > Options > Expert Advisors.
- Check Allow automated trading and click OK.
- Attach the EA:
- Open a chart for your desired currency pair.
- Drag the Octotrader AI EA from the Navigator panel onto the chart.
- Adjust any settings in the popup window and click OK.
- Enable AutoTrading Button: Make sure the AutoTrading button on the toolbar is green.
Start Trading
- Monitor the EA’s performance and adjust settings as needed. It’s recommended to test on a demo account first.
Pros and Cons
Here are the pros and cons of using the Octotrader AI EA:
- Advanced Technology: Utilizes Recurrent Neural Networks (RNN) with LSTM cells for improved market predictions.
- Dynamic Trading Strategy: Adapts to account size and market conditions, enhancing flexibility.
- Recovery Mode: Implements a unique recovery strategy to manage losing trades effectively.
- Customizable Risk Management: Offers robust drawdown limiters and customizable settings for safer trading.
- Automated Trading: Eliminates emotional trading decisions and can operate 24/7.
- Complex Setup: This may require a steep learning curve for beginners unfamiliar with EAs and MT4.
- Market Dependency: Performance can be influenced by market conditions, and results may vary.
- Forward Testing Required: While backtested, the EA needs forward testing to ensure reliability in live trading.
- Potential Overfitting: Neural networks can sometimes overfit to historical data, which may not predict future performance accurately.
- Costs: This may involve upfront costs for the EA, depending on the provider.
User Testimonials and Reviews
John D. “I started using Octotrader AI a few months ago, and the results have been impressive! The dynamic trading strategy adapts well to my account size, and the recovery mode has helped me manage losses effectively.”
Sarah L. “As a beginner, I was hesitant to use an EA, but Octotrader AI made the process straightforward. The customizable risk management options gave me peace of mind, and I’ve seen consistent returns on my demo account.”
Michael T. “I love the advanced technology behind this EA. The LSTM networks seem to pick up on trends that I would have missed. I recommend it to anyone serious about automated trading.”
Emily R. “Octotrader AI has significantly improved my trading performance. The automated approach saves me time, and the built-in news filter helps me avoid risky trades during high-impact events.”
Alex P. “I’ve been using Octotrader AI for about a year now, and it has exceeded my expectations. The recovery mode has been a lifesaver during market downturns, and overall, it’s a powerful tool for any trader.”
Download Free
This is the free version of the official EA. If you enjoy the free download, please refer our site to a friend