M72David DERIV BOT is an algorithmic trading strategy for novices, offering low capital requirement

Are you seeking a beginner-friendly strategy since you are new to the field of algorithmic trading? In that case, the M72David DERIV BOT can be a wise choice for you. The Deriv exchange is the target market for this bot, which prioritizes use and simplicity in its design.

Requirements for stake and capital

With a mere $10 initial capital need, the DERIV BOT is affordable for even the most frugal traders. Additionally, the bot has a $1 stack size, which reduces the possibility of losses.

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Target Profit and Trading Period

The $3 profit for each trade is the goal of the M72David DERIV BOT. This is a doable goal that can be continuously attained throughout time. The bot is programmed to trade between 10 a.m. and 6 p.m. GMT, the busiest trading hours.

Risk Management

A built-in stop-loss function in the M72David DERIV BOT will automatically close your positions after four consecutive losses. By doing this, you can shield your capital from large losses.

Applying the bot

The DBOT is meant to function every day. It’s crucial to always launch the bot on a demo account first, though. By doing so, you’ll be able to evaluate the bot’s performance and determine whether it suits your trading style before risking real money.

How To Run A Dbot

  • Step 1: Binary or Deriv bot Registration
  • Step 2: Go to bot.deriv.com
  • Step 3: Unzip the download file
  • Step 4: Upload the downloaded.XML file
  • Step 5: Run the bot

File size

FAQ: M72David DERIV BOT

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