Quick Start Bots

A few bots' settings to help users get started with ForexHero. Please note that ForexHero and company do not guarantee that the bots will perform profitably or according to users' expectations.

The bots are categorised according to a user's risk appetite namely, Low, Medium, Medium High and High risk. The main determinant factors are the bot's trading frequency and the indicator used.

If you use any of the bot's settings, you assume full loss of your capital regardless of risk level. Our company does not bear any responsibility for any losses which may incur as a result of you deploying some or all of the bots' settings as shown on this page.

You may want to experiment with different settings in order to find a combination which works for you.

Alternatively, you may want to rent one of the bot from our Bots Marketplace.

Low Risk Bot

Asset Pair: [up to you]

Strategy: Long

Trading Frequency: 4H (note that the bot may take days or weeks before entering into the first trade, depending on the market flux)

Base Order: 50%

Extra Orders: 25%

Entry Condition: RSI

Exit Condition:

• Take Profit of 10%

• Stop Loss of 10% (adjust Stop Loss according to your risk appetite)

Medium Risk Bot 1

Asset Pair: [up to you]

Strategy: Long

Trading Frequency: 1H (note that the bot may take days before entering into the first trade, depending on the market flux)

Base Order: 40%

Extra Orders: 60%

Entry Condition: RSI

Exit Condition:

• Take Profit of 5%

• Stop Loss of 5% (adjust Stop Loss according to your risk appetite)

Medium Risk Bot 2

Asset Pair: [up to you]

Strategy: Long

Trading Frequency: 1H (note that the bot may take days before entering into the first trade, depending on the market flux)

Base Order: 50%

Extra Orders: 50%

Entry Condition: Stochastic RSI

Exit Condition:

• Stochastic RSI

• Stop Loss: 10%

Medium High Risk Bot

Asset Pair: [up to you]

Strategy: Long

Trading Frequency: 15M (note that the bot may take a few days before entering into the first trade, depending on the market flux

Base Order: 40%

Extra Orders: 60%

Entry Condition: RSI and Stochastic RSI

Exit Condition:

• Take Profit of 5%

• RSI

High Risk Bot

Asset Pair: [up to you]

Strategy: Long

Trading Frequency: 15M (note that the bot may take a few days before entering into the first trade, depending on the market flux

Base Order: 25%

Extra Orders: 75%

Entry Condition: Stochastic RSI and RSI

Exit Condition:

• Take Profit of 1%

• Stochastic RSI