The Tik Capital Bot is a free, automated MT4 Forex trading bot designed to enhance your trading experience. While the developer has not provided extensive details about the EA, it appears to utilize a combination of the stochastic oscillator and moving averages in its trading strategy.
How It Works
The stochastic oscillator is widely used by traders to identify potential overbought or oversold conditions, indicating possible price reversals. Meanwhile, moving averages help in recognizing market trends. The integration of these two indicators suggests that the Tik Capital EA may adopt a mix of trend-following and mean-reversion strategies, although the developer has not explicitly confirmed this.
Features and Functionality
One notable feature mentioned by the developer is the ‘news filter,’ which is intended to help the bot avoid trading during periods of high volatility often associated with significant financial news. However, it appears that this feature may not be fully implemented in the current version of the EA. 
The Tik Capital Bot includes a variety of standard features, such as preset rules for stop loss (SL), take profit (TP), and trailing stop loss (TSL). These tools are designed to manage risk and optimize profit potential, although their effectiveness largely depends on the accuracy of the trading signals generated by the bot.
While it incorporates a slight hedging strategy, the Tik Capital Bot avoids using high-risk methods like martingale and grid trading. The bot typically executes between three to seven trades daily, with positions potentially held open for more than a day or two. All trades are protected by stop loss and take profit settings.
According to the developer, the Tik Capital Bot adheres to a risk management ratio of 1:3, meaning it aims to achieve three units of potential profit for every unit of potential loss. While it opens several trades per day, the specific performance outcomes of these trades are not detailed.
Recommendations for Tik Capital Bot
Minimum Account Balance: $200.
Best Currency Pairs: Performs optimally on EURUSD and XAUUSD, but can be used on any pair.
Optimal Timeframes: Works best on M5, M15, and H1 timeframes, although it can be utilized on any timeframe.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Broker Compatibility: Suitable for use with any account (find the perfect broker for you).
