Eight Wide: how FXNOD's Deriv Over 1 bot works

Eight Wide at a glance

What Eight Wide trades

Eight Wide trades one contract only: Over 1, from Deriv's Over / Under family, with a length of one tick. The contract is decided by the last digit of a tick's price, which is its final decimal digit: a tick at 1234.56 ends in 6. A trade wins when the next tick ends in 2, 3, 4, 5, 6, 7, 8 or 9. 8 digits out of ten win, so a win pays less than the stake. A losing trade costs the whole stake. Deriv sets the payout, and each trade's result is listed on the run page.

When Eight Wide enters a trade

Eight Wide reads the last digit of every tick and stays out while it is 2 or more. When a tick ends in 0 or 1, it buys a one-tick Over 1, which wins on the eight digits from 2 to 9.

A losing trade has itself ended in 0 or 1, so the condition is met again straight away and the bot enters on the next tick. After a win it waits for the next 0 or 1.

Eight Wide holds one trade at a time: it looks for the next entry only after the last contract has closed. The entry rule sets when the bot trades and how often. It does not make any single trade more likely to win.

How Eight Wide sizes its stake

Eight Wide uses a Martingale stake. After a losing trade the stake is multiplied by 6.77 on the 20 plan and by 6 on the 100 and 500 plans; after a winning trade it returns to the starting stake. Losses in a row compound: the stake after two straight losses is the starting stake multiplied twice, rounded to two decimal places.

The stop loss bounds the ladder. A stake is placed only if it is no larger than what is left of the stop loss; a step that does not fit is not placed, and the session ends there. The table shows the stakes of an unbroken run of losses from a session that is level. A session that is already in profit has more room, and one that is behind has less.

Read the first row like this: on the stop loss 20 plan, 3 losing trades in a row cost 18.76 in total. The next stake would be 108.60, which is more than the 1.24 left of the stop loss, so the bot does not place it and the session ends.

The plans of Eight Wide

Eight Wide is not given a stake, a stop loss and a profit target one by one. You choose a plan, and the plan sets all of them together. Plans are named by their stop loss. The amounts are in the currency of the Deriv account the bot trades.

When a session ends

• The profit target is reached. The bot stops with the session's profit at or above the plan's target.
• The stop loss is reached. No stake is placed that could take the session's loss past the plan's stop loss.
• You stop it. The Stop button on the run page ends the session at any time.

Eight Wide runs on FXNOD's servers, not in your browser. Closing the page or switching off your device does not stop it, and does not switch off its limits. Starting it again after a session has ended begins a new session with the full plan.

How to start Eight Wide

1. 1

   Open Auto Hub and choose Eight Wide

   The bot's page opens with a How it works panel that lists its rules in order.

2. 2

   Choose the market

   Eight Wide trades one market. The form suggests Volatility 100 (1s), Volatility 100, Volatility 75 (1s), Volatility 75, Volatility 50 (1s) and Volatility 50. Jump 100 is not offered for this bot.

3. 3

   Choose a plan

   Each plan card shows its stop loss, its take profit and its starting stake. Nothing on the card can be edited.

4. 4

   Check the account, then start

   The panel shows which Deriv account the bot will trade. On a demo account the button reads Start on demo. On a real account you tick a box to confirm that the bot trades real money, and the button reads Start with real money. The first time, Deriv asks you to approve FXNOD's automated-trading connection on its own page.