There are 2 trading types:
- Standard
- Index
Carbon Scalper bot is a martingale bot at heart. However, these 2 modes will cause the bot to take order differently.
On Standard mode, if Anchor (1st position) goes into a wrong direction, bot will take more positions of the same type. For example, say you open EURUSD BUY. Price then keeps going down. On Standard mode, bot will open more BUY with bigger lot size. The benefit of this mode is, it can capture reversal. Say, price bottoms and it starts moving back up. Because you have BUYs at bigger lot size, these BUYs will eventually be in profit. The downside of this mode is, if price keeps going south, it will keep opening more and more BUYs at bigger lot size which, if you don’t have enough funds, will cause margin-call.
On Index mode, bot will keep taking an opposite direction at bigger lot size. This mode is powerful to capture breakthrough or if price keeps going the wrong way. For example, say you open EURUSD BUY 0.01. Price keeps going down, it will then open EURUSD SELL at 0.02. Price then bounces back up, it will then close the BUY 0.01 and replace it with BUY 0.03. At this point, you now have BUY 0.03 and SELL 0.02. If price keeps going up, the BUY 0.03 will eventually win. The downside of this mode is, if price goes sideways ie. up/down/up/down/up/down, it will cause bot to keep opening bigger and bigger position on the opposite direction. And same as before, unless you have enough funds, you might get margin-call.
