Pairs: EURUSD – GBPUSD
Broker: ECN or Low Spread Account
Min Deposit: $1000 per pair
Armageddon (AMG) is a software program that operates on the FOREX market taking automated buying and selling decisions;
it operates automatically without the need of any human intervention.
Armageddon EA is a forex robot that uses three strategies designed by the developer himself combined with the ATR indicator. Its operation is based on market volatility measurements that indicate possible price directions at certain times of the day.
The Armageddon robot requires a “MetaTrader4” trading platform which is freely available from a wide selection of FOREX brokers.
Before installing Armageddon on your computer and commencing trading on a real account, please read this carefully—your future profits could depend on it.
ARMAGGEDON’s Robustness was also achieved thanks to the following points:
All open trades have their own Stop Loss and Take Profit. This feature provides safety on maximum risk/trade even if the MT4 should have any connection problem with the broker during the trade life.
Both Stop Loss and Take Profit are identified according to current market conditions.E.g., we could identify similar entry logic situation in terms of trend, but the volatility of the market can be very different.For this reason, the Stop Loss and Take Profit are not evaluated on a fixed way in terms of number of pips, but in terms of proportion of the current market volatility measured with ATR indicator.
The Stop Loss found for each trade is the main drive to set the maximum risk taken for each trade, then is the main driver to identify the most consistent lot size to be invested on each trade.
If the volatility is outside of a user-defined volatility limit, the EA will open a trade in the direction of the price movement. If the volatility is within the limit, the EA does not open a trade.
Thus, on a more volatile market, the Stop Loss and Take Profit will be longer in terms of Pips to keep a good chance to win the trade but, at the same time, the lot size invested will be smaller to keep the same overall Risk in terms of money lost if the market goes against our trade.
Anyway, ARMAGGEDON doesn’t leave the open trades alone after opened.ARMAGGEDON continues to monitor the market conditions to evaluate if the market is not going as expected and, if such is the case, ARMAGGEDON decides to close the Trade, even if Stop Loss and Take Profit haven’t been reached yet.
All ARMAGGEDON trading logic was built to evaluate the market situation and take decisions to open a trade and/or close it at bar open only.(e.g.For H1 chart.)
ARMAGGEDON looks at the market situation and eventually decides to open trade or to close an open trade at X:00 (hour X and minute 0,) but after that ARMAGGEDON doesn’t take any decision between hour X:00 and X+1:00.What can happen inside a bar time can only be triggered by Stop Loss or Take Profit.
The EA was optimized not with the target of achieving the best overall equity curve, but to achieve consistent results between different years.