Users
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MonoBot, Your trading partner!
Welcome to the software platform where you can use, create, test and share your trading strategies.
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Strategies
1
What is MonoBot.pro?
MonoBot.Pro is an automated Forex signal distribution platform created to allow everybody to:
- Structure a trading strategy and share it with the world
- Get rid of the psychological pressure in trading
- Reduce the stress of making decisions
- Minimize screen time
- Leverage the knowledge and experience of expert traders
What is a trading strategy?
A trading strategy is a predefined plan where you define a set of rules for entering, managing and exiting trades.
The strategies in MonoBot have 4 steps:
- 1. Setup: define risk profile, position size and quantity of trades
- 2. Enter: when to open positions in the market
- 3. Manage: monitor and adjust positions, adapt to market changes
- 4. Exit: when to close positions
How it works?
MonoBot web app
Using our web app from your cellphone, send signals to your strategy or your subscribers over the internet.
Laptop, PC or VPS
Our MonoBot Expert Advisor (running inside the MetaTrader installed in your Laptop, PC or VPS) will send your commands to the broker.
Subscribers
The users subscribed to your strategy will receive your signals too!
The algorithms
MonoBot comes equiped with a set of trading algorithms:
- ATM: Auto Trade Management algorithm takes care of maximizing your profits and minimizing your losses
- Lock: secure your profits as soon as possible
- Minimize loss: move the SL closer to the open price if the position looks good
- Breakeven: tries to move the SL to the breakeven level if able
- Profits: manage the positions based on the money currently made
- Limits control: MonoBot will check your margin level, quantity of trades (buys and sells), your profit goal and loss limit before placing any order
- SL trailing: MonoBot will follow the price moving the SL on positive positions
- TP trailing: the TP is incremented every time the price is about to hit it to ride the trend as long as we can
- Timed SL: MonoBot will set the SL to the trades when the time specified in the strategy comes, by not setting the SL right away, we give the market some room to move around and avoid the SL to be hitted in an early stage
- Catch SL getaway: MonoBot will set the SL if the price breaks the escape value, useful to minimize loss in a volatile market where prices change suddenly
- TS: the Time Stop algorithm will close the trades no matter what (if it is in gain or loss) after the specified time has passed (since the order was executed)
- OC: the Optimized Close algorithm is a variation of the break even algorithm, MonoBot will try to close the trades with the minimum loss possible
- Cooperative mode: MonoBot will manage trades placed by you too, if this option is turned off, it will manage only its trades
API
Our app was designed with interoperability in mind so that you can communicate with your strategies from anywhere.
Check the API section of the app here.
MonoBot to external system: Listener Call
MonoBot can call an external system to ask for a prediction. It will do a POST request to the strategy's listener (a web server you set up) and then it will place the order according to the response (buy order for a BUY response, sell order for a SELL response) or do nothing in case the response is not BUY or SELL.
External system to MonoBot: API Call
You can also send commands to your strategy via MonoBot's web API to perform actions like: placing, closing, locking or unlocking positions and manage the status of your strategies or your subscribers' strategies.
Gallery
Price: $5
You can buy trading strategies with points (1 point = 1 USD)
Recharge your points via PayPal
About us
We are a team of interdisciplinary members who are passionate about the foreign exchange market.
Our goal is to provide high quality and useful tools for our customers to make money.
We believe in our platform and we use it every day.
MonoBot was made with love ♥