Like other martingale-like bots, Prometheus it works by opening an initial purchase or sale transaction, and then has the possibility of opening martingale-type hedges. if the market moves against the initial trade. The objective of hedging is to bring the profit-taking of open orders closer together, so that they all close on a market correction and we can profit in the overall computation.
The approach is focused on the safety of the operation.As a result, Prometheus is more margin friendly, more conservative than any other algorithm of its kind, does not overtrade and with more accurate trades seeks a better risk/reward ratio.
Both the decision to buy or sell is based on the following criteria which, by themselves, represent a profitable strategy based on up to 14 different parameters, including the formation of price action patterns, indicators and volatility.
For all other orders, including the opening of hedges, the closing of operating cycles or profit taking, makes the same kind of intelligent decisions with a mathematical hope in its favor. This allows Prometeo to have a much higher success rate in each operation than other systems and to use the lowest possible margin in each decision, without sacrificing profits.