“automated trading” means different things to different people, here I mean a system that detects good trading situations and then places an order and closes later after some conditions are met.
It seems possible to create a profitable system, but so far I haven’t had much luck. some big advantages I see in an automated system are that it can trade 24/7 and is emotionless. ideally I would like to scalp on small timeframes (h1 or less), but h4 or d1 is probably easier, right?
what indicators have you had success with? do you use fixed sl and tp or more complex closing conditions? did you write it completely yourself or did you use templates such as mt5 advisors? do you think many different indicators with certain weights are better than one or two or is it too complicated?
what kind of returns are you seeing and how consistent is your system?
can a breakout bot be successful at market opening?