NEED HELP FIXING ''AMMOUNT MUST BE A POSITIVE NUMBER'' error on my Overkill Bot

[BibuGwash]

I need help. in fixing this on my new Bot.

Whose up for helping me?

[BibuGwash]

OVER KILL TAKE PROFIT (Low Risk).zip

Here is the Bot

[BibuGwash]

@binary-ex-machina kindly help if you can... This Bot is accurate over 95% of the time if the conditions are right.

If you can help me perfect the Take Profit and Stop Loss, I can help prevent the crazy losses, especially when using small accounts.

Thanks

[binary-ex-machina]

@BibuGwash, no, your bot is not 95% accurate/ such a bot doesn't exist

Let's analyze your strategy. Looking at the image below, you are analyzing the market using RSI, but your trade type is digits Over. Is this a joke? It must be because it doesn't make any sense or have any logic in it. How can you analyze the tick movements over a while and then trade with digits? Why believe in myths like this?

Using RSI to analyze ticks and then trade with Digit Over is the same as crossing the street, jumping three times, and pressing play on the bot. It will not make any difference, and you will look stupid.

For your stop loss and take profit, nothing wrong with them. It is already preventing crazy losses. Now to the best part. If your strategy has 95% accuracy, as you say (which is not valid, especially if you look at the strategy), why worry about small accounts? If the win rate is that high, any account will be able to use and make infinity money, right? Don't waste your time in this bot, and move on.

[BibuGwash]

@binary-ex-machina I appreciate your feedback and understand your points.

Quick question,

1. have you tried the Bot a couple of times to prove if it works or not?

2. Are you able to help me develop the stop loss and take profit to ensure they work just fine?

I get it the Bot might not seem logical but sometimes you have to beat logic to come up with something Hybrid.

This Bot is very good for scalping and occasionally long trades. It just takes time for one to understand it.

Yes, it might not meet your logic (Which is okay) but if you can help me fix the Tale Profit and Stop Loss error I will appreciate.

[binary-ex-machina]

@BibuGwash

1. Yes, tested for 10min. I have been doing tests on this kind of bot since 2018, I saw many like the one you sent, mixing technical analysis with random digits trading, and all of them have the same end: not profitable, not worth the try, more of the same, non-sense
2. search on the issues to stop loss and take profit. You will find a lot of issues, and in the majority, you will find what you are looking for (how to implement, images of the blocks necessary for those things to work, and maybe even the . XML file) https://github.com/binary-com/binary-bot/issues?q=stop+loss https://github.com/binary-com/binary-bot/issues?q=take+profit

but sometimes you have to beat logic to come up with something Hybrid.

You can't beat the logic. Trading has two possible scenarios: it will go up or down. Random digit generation has 110 possible scenarios, each one for each digit. From there is simple math. There is no "hybrid" solution mixing logic with myth or magical solutions (non-sense). You can't have positive thoughts and combine them with technical analysis to succeed in trading. The two don't add up. Or you do your strategy well and test it to prove it right, or you can keep praying and hoping how much you want to make it right (mixing digits with technical analysis). Think of which way will be the one in profit next year.

This Bot is very good for scalping and occasionally long trades

Your bot is not good at scalping and not even close to making a long trade (1 tick duration is a long trade? for what? 200x slow-motion, maybe? When a digit trading bot is a scalping bot, rolling a dice or flipping a coin is scalping too?

It just takes time for one to understand it.

It's a digits trading bot that uses RSI to filter the signals. It's trying to run underwater. It doesn't make sense. It takes 0 times to understand that the bot is just non-logical.

it might not meet your logic

So you are saying that math is my "logic"? Ok, I will stop answering this issue. That is too much guessing and non-sense combined. It was a while since I saw a post like this here, I thought people would have evolved in the strategy creation ideas, but we are stuck in the digits + technical analysis loop.

good luck in your search and trading

[BibuGwash]

I like your energy and how straight you are...

So what would be the solution? can you help me develop a bot that is based on technical analysis?

Do you have one that can be purchased?

[binary-ex-machina]

In all my experience in trading with bots on binary options instruments, the Rise/Fall trade type is one of the best to use. Higher/Lower or Touch/No touch is good as well. Your idea of using RSI as a base indicator is not bad, but it doesn't work with digits. So change the trade type to Rise/Fall.

Check here for some ideas of strategies using RSI. The content is related to other markets, but it may help you understand how to build the strategy and increase your chances with the bot. Using just the RSI may not be enough so you might mix it with Moving averages, stochastic indicators, CCI, ADX, PSAR, etc.

https://www.flowbank.com/en/research/trading-strategy-what-is-the-best-rsi-setting-a-good-rsi-to-buy

https://www.elearnmarkets.com/blog/a-5-star-rsi-strategy/

https://admiralmarkets.com/education/articles/forex-indicators/relative-strength-index-how-to-trade-with-an-rsi-indicator

Do you have one that can be purchased?

I am against selling bots. If the bot is good and gives money, why sell it? Even if it took a lot of time to build, is it not enough to make money by using it? Selling bots raise a lot of questions about its assertiveness. All the knowledge you need to profit on any trading instrument you can find online for free. It just needs time to find the good ones.

[BibuGwash]

Rise & Fall Bot.zip

Is this one any better?... Ive based it on the Rise and Fall Action

[BibuGwash]

I appreciate your feedback alot...

Clearly you have saved me from going down a rabbit hole.

Let me know if the last bot sent is any better.... It is based on Rise and Fall strategy