Forex Conquest is a new trading robot from Nick Channon and his team. They have recently announced they used the robot to turn $3000 into $150,000 in a short space of time.
The Forex Conquest robot entry criteria for new trades is built based on RSI and MACD. With the recommended default settings Forex Conquest does not use a fixed take profit or stop loss. It does not even use a dynamic one.
As soon as it entered the first trade it always stays into a position, just reverts the direction when a new entry criteria is met. This means it closes an open long position when it gets a signal to open a short and vice versa.
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