It is a Robo Advisor that uses a computer program ( Pine Script ) that follows a defined set of instructions to create successful entry and exit ideas to users on tradingview.
What is EngineeringRobo 4.0 ?
🔵 EngineeringRobo 4.0 is substantially less complicated than any other version we have released since September 2019.
🔵 By the removal of the noise filter, we have returned to the simplicity we aimed to maintain when we started this algorithm.
🔵 In the meantime, the success rate of EngineeringRobo 4.0 got higher than the previous versions.
🔵 The development team is working every day to improve EngineeringRobo for our members .
What are the advantages of using this indicator?
🔵 Increase profitability in any financial market
🔵 Reduce your required screen-time
🔵 Eliminating emotional trading
🔵 Reduce anxiety over missing setups when you are busy
🔵 Get a second opinion from 7 different Robo Advisors. Trading with algorithms has the advantage of scanning and executing on multiple indicators at a speed that no human could do
🔵 Since trades can be analyzed and executed faster, more opportunities are available at better points
🔵 Allows for backtesting, you can easily see the previous buy and sell signals
🔵 Preserves the trader’s discipline
🔵 Find comfort in knowing that you have robo advisors on your side
What are the risks of using this indicator?
🔴 Requires the monitoring of functionality (Solution: You have to decide the best time frame for your charts. 1W? 3D? 1D? OR 3H? )
🔴 Ignores Fundamental News (Sometimes it is better to ignore the noise, however, FA helps you to increase your trading success)
🔴 Not great at sideways markets ( Solution : Technical Chart Patterns and Drawing & - Wait for the breakout )
Why is it a lifesaver?
🔵As the trades are monitored by the algorithms itself, traders need not to follow up on any financial market frequently.
🔵This saves time and money giving more time to explore and focus on other opportunities.
🔵Moreover the models are up 24x7 - You can just set an alarm and wait for the right moment.
Does it really work?
🔵 Absolutely, this algorithm does really work.
🔵 With our 7 different robo advisors you have all the tools in hand to start trading like a pro and potentially gain much more profit than you usually would, because you can trade at much higher interval, namely 24/7.
🔵 However, this doesn’t mean you will always generate profits, no matter what. We would never claim that EngineeringRobo guarantees to make you rich. In the world of stock, forex or cryptocurrencies many things could happen. An exchange could get hacked, a security leak in a coin can be discovered and governments can have a huge impact on the prices. In such situations it is not always possible to be profitable, no robo advisor, auto trading robots or manual trading strategy can be profitable if the whole market collapses.
🔵 Our backtesting has proven that EngineeringRobo works best on markets that either bounce up and down around a certain value, or markets that generally incline in value (like many coins did last year in 2017). In such cases you can beat buy and hold strategy with pretty impressive results.
🔵 On markets that are steady around a certain price point, you will still see the market bounce up and down all the time because of the of stocks or cryptocurrencies. Although such markets might not incline or decline much in value over time, you could still make nice profits by scalping these markets. That’s what EngineeringRobo does, and there are tons of real-life examples where this has proven to be very profitable.
------What can you do with it? 🤔
🟡 See changes in market trends!
🟡 See recommendations on your chart when to Buy & Sell Crypto ,Forex , BSIT, TSX, S&P 500 , Nasdaq or .
🟡 Build a notification system on Tradingview across any market
🟡 Consistently hold a neutral bias in your trading approach to improve your trading skills.
Who is the best Robot in EngineeringRobo family?
Each Robot has its own strengths and weaknesses
🔴Some Robots work very well on 1D charts
🔴Some Robots work very well on 1W charts
🔴Some Robots create many signals on 1D charts
🔴Some Robots don't work on sideways markets
🔴Some Robots give you options to change the inputs to customize their signals
So, It is your responsibility to find the best robots to fit your trading strategy
What is EngineeringRobo's secret formula?
🔵EngineeringRobo's unique algorithm find profitable coins / stocks and based on their , VPVR, ATR, Fibonacci Levels, Dynamic, Moving Averages, , , , , Volumes and Price Changes gives you entry and exit ideas.
Does it compatible only with crypto?
🔴 No, our products are not only compatible with Crypto, but with Stocks, and Forex as well. Get benefited by using our products for all of the above markets.
Can you win all the time with the it ?
🔵 There is no such thing as a trading plan that wins 100% of the time. After all, losses are a part of the game.
🔵 But losses can be psychologically traumatizing,so a trader who has two or three losing trades in a row might decide to skip the next trade.
🔵 EngineeringRobo doesn't skip it!
Can you always buy the dip and sell the top with this indicator?
🔴 Our objective isn’t to buy at the lowest price, but to begin buying at exactly the right time, when your chances for success are greatest.
🔴 This means that you have to learn to wait for a stock, commodity or crypto to move up and trade at your buy point before you make an initial commitment. If you work and cannot watch the market constantly, EngineeringRobo will help you stay on top of potential breakout points.
Should you follow every signal alerted from it?
🔵 Strongly recommend you to focus on 3D - 1D time frame signals if you are a swing trader in crypto. If you are a Investor, you should focus 1W .
🔵 If you are a day trader or scalper, I tested the Algo with more than 350 people, 3H works as well. I don't recommend below 3H .
🔵 Strongly recommend you to focus on 1W if you are trading stocks or forex.
🔵 The timeframe and other factors are relevant, however, high frames will always win. The higher the frame,the less chop there is.
Does it work on bear markets?
In our opinion, the key to developing an algorithmic trading system that actually works is to account for multiple market conditions. At any time, the market could transition from a bull to a bear market. By taking a market direction agnostic position, EngineeringRobo is attempting to outperform in both Bull & Bear market conditions.
How to get the maximize results possible from it?
🔵 Commodities: use 1M chart
🔵 Stock Market ( S&P 500 , Nasdaq, TSX, BIST ) and Forex: Use 1W chart
🔵 Crypto: Use 1W, 3D and 1D chart
🔵 Don't use more than 3 Robots or 5 Indicators at the same time
🔵 Follow EngineeringRobo's Portfolio Management
🔵 Dont use below 3H on any charts while using EngineeringRobo signals
🔵 If you have a pro or higher membership at Tradingview, you can set up alerts on EngineeringRobo signals
🔵 All 7 robos have their own strengths and weaknesses, so you have to find out these strengths and weaknesses by testing them on the different markets.
Does it repaint?
🔴 The indicator displays seven different signals for entry and exit on a coin to maximize its profitability on the chart.
🔴 This indicator does NOT repaint, but it will flash on / off during the current bar until it closes because it is a live data! The signals " can appear at any time during an open candle " , but once closed the signal is final and " WON'T CHANGE " in the future.
🔴 Don't enter a trade until the current bar closes with a signal if you want to make sure 100% on the signal. You enter at the open of the succeeding candle!
What is the EngineeringRobo's Portfolio Management?
For Crypto Traders :
1) If EngineeringRobo gives Buy 1 and Buy 2 on 1D chart to Bitcoin , keep the ratio below on your portfolio :
40- 50% Alts
30- 50% BTC
2 ) if the algorithm gives either Sell 1 or Sell 2 on 1D chart for Bitcoin ,
Your portfolio should be:
20- 30% USDT
30- 40% BTC
30- 40% Alts
3 ) If the algorithm gives both Sell 1 and Sell 2 to Bitcoin on 1D chart.
Your portfolio should be :
40- 50% USDT
20- 30% Alts
*Take profit from ALL your open trades.
4 ) If the algorithm o gives sell 1 & Sell 2 to Bitcoin on 1D chart and you also see any of the conditions below
- Sell 3
- EngineeringRobo's Red cloud
- Trendline broken
- Moving Average Across
Your portfolio should be :
How do I access to this indicator?
🟡It is an "Invite-only" indicator that can be added to any chart on tradingview.
1. Login to your TradingView account
2. From the homepage,click on ‘Chart’ in the top navigation bar
3. Select “Indicators” on the top-center-middle panel
4. In the indicator library, type "EngineeringRobo " The indicator will be added to your chart after It approves by EngineeringRobo Team.
Can I use these indicators with a free TradingView account?
You can use all of our indicators with a free account, but keep in mind, with a free account you can only set up one live alert and only have up to three indicators on your chart active at one time. With a Pro account, you can set up multiple alerts and have up to 10 indicators on your chart at one time. I recommend a Premium account which will give you more than enough alerts and indicators on your chart.
What is the future of Algorithm market?
🔵 According to a new market research report "Algorithmic Trading Market by Trading Type (FOREX, Stock Markets, , Bonds, Cryptocurrencies) " the global Algorithmic Trading Market size is expected to grow from USD 11.1 billion in 2019 to USD 18.8 billion by 2024, at a Compound Annual Growth Rate ( CAGR ) of 11.1% during the forecast period.
One of the biggest advantages of algo trading is removing human emotion from the crypto markets,humans trading are susceptible to emotions that lead to irrational decisions. Robo doesn't have to think or feel good to make a trade. If conditions are met, it enters.When the trade goes the wrong way or hits a profit target, It exits. It doesn't get angry at the market or feel invincible after making a few good trades. The two emotions that lead to poor decisions that algo traders aren't susceptible to are fear,and greed.
The falling knives, the heartbreaking crashes, the devastating feeling of watching a missed trade soar all the way to the moon.
The markets aren’t fair, which means you need a tool that gives you an edge. So,It is time to try it.
Get your 7 day free trial of EngineeringRobo 🤖
Removed "no Sell 1 signal when candle > ma9 " feature, It was not commonly using by members.
Improved the existing support & resistance levels. The members will get a better & customized SR levels.
"Support & Resistance Labels" option added in styles.
Alerts added on the features.
Trendlines feature identify potential breakouts.
EngineeringRobo is substantially less complicated than any other version we have released since September 2019.
In the meantime, the success rate of EngineeringRobo got higher than the previous versions.
The signal can come and go anytime during the live candle. ALL indicators do that, that is not considered repainting.
Repainting is when a signal appears, the candle is closed, and when you refresh the chart it disappeared. It is logical that until the candle is closed the signal is not decided yet, hence the alert setup as Once per bar Close.
EngineeringRobo never repaints! Yes, you heard it right: you will never have to worry about signal changing after the candle is closed.
Added alarm system alerts for all signals.
Our recommendations to get the best results:
Swing Trading Crypto : Use 1D Time Frame Candles
Swing Trading Stocks : Use 1W Time Frame Candles
Swing Trading Commodities : Use 1W Time Frame Candles
Day Trading Crypto : Use 3H Time Frame Candles
Day Trading Stocks : Use 1D Time Frame Candles
Day Trading Commodities : Use 1D Time Frame Candles
Not recommended any other time frames.
What Is Risk-Reward Ratio RRR?
Your risk-reward ratio is how much you risk per trade, relative to how much you expect to make (reward).
When trading with Robo , you should always aim for a bigger reward compared to your risk per trade.
A good rule is only to risk 1% per trade for day traders and 5% per trade for swing trader . Robo follows strong risk management rules on the algorithm .
One of the biggest advantages of algo trading is removing human emotion from the financial markets,humans trading are susceptible to emotions that lead to irrational decisions. Robo doesn't have to think or feel good to make a trade. If conditions are met, it enters.When the trade goes the wrong way or hits a profit target, It exits. It doesn't get angry at the market or feel invincible after making a few good trades.
EngineeringRobo gives you all the tools and information you need for day-to-day trading and investing, while also keeping a great buy and sell signals!
No excuse to lose in any financial market anymore! Try now!
Less risk. More confidence. Better trading results with EngineeringRobo!
You can test drive it yourself for 7 days at http://www.EngineeringRobo.com