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I have downloaded this EA and I will test it I will write my notes to you later and my EA is based on a lot hedging method. This system works well in a strong market. In the Sunday market or starting market, this system requires more margins to maintain old positions and to make new positions with double lots. That's what happens with my account when I don't have time to monitor it because I'm still busy with my main job
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You can trade using the Crossing 2 Moving Average Indicator analysis, simply include EMA 14 and SMA 28, create your own robot in your own trading style using Expert Advisor Builder. Apart from that, you can also build from Forex Robot indicators - other indicators and for me manual trading is much better than using a robot. Robots are Expert Advisers provided by brokers, and I don't trust them, because I like to make predictions myself and assume the results too.
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Actually the Robot is an automatic system, although the robot is an ultra-modern electronic device from modern technology but does not have the ability to do anything by itself. This works on the basis of commands given by the operator. SO, I do not agree to use FORX ROBOT. and I also recommend manual trading. To trade Forex market experience is all you need. In an automated trading system you cannot learn and experience about the market. If you just want to earn money, the automated trading system invests money somewhere or with experienced traders.
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I do not implement robots in my trade, I believe in my own strategic trading method because the robot is a human-tested strategy that is converted into it, giving me more preference to believe and believe in my own strategy. and I used the same robot for more than two years. and it works so well I have never had difficulty with this robot. for me if we have a great trading system it can be long. the only thing that makes a margin call is because of my poor money management.
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I think robots function as long as they are designed properly, even humans are robots. The only robot is a human being who is too sophisticated but also fails so that robots made by humans also fail. How robots are designed that will decide which ones fail or which ones don't but those who sell their robots are not designed with all conditions that robot won't work every & every time that's why ppl. start a trading robot trading business that will give them the money they have developed after getting sales money many times
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robots are not 100% reliable.
If humans are not 100% reliable in trading because if randomness is here so what can robots do?
Of course, they are more disciplined and consistent but they get wisdom from humans who make it.
Sometimes they work and sometimes they don't.
Your trading controls and skills are still needed if you want to use it.
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some use a demo account for How to understand the process and the results seen at the end are interesting test results to better understand the system or strategy. indeed time-consuming, but looking at businesses with high risk planning and clear concepts. and basically a demo account is used to learn and practice, including building strategies, testing ahead for strategies and robots, we can do trial and error to our trading system on a demo account before we use it for real trading.
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automated trading is not safe at all times. but saves us time. when we don't have big time to join in the trade then we can make this automatic trade and from this trade we can get good success. so we can all do this. and I don't like automated trading. Most of the time I find traders have losses that have set up accounts with programs that run accounts automatically. Even though the loss is very small, it's a loss. And in the case of automatic trading, profits go down.
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Forex scalping software is a strategy for trading on the Forex market. You can make a profit by scalping on the forex market. But if you are a new trader, then you should not try this strategy in your trading because it requires expert traders. so I think it is better to avoid scalping in forex trading. and. You can make a profit by scalping on the forex market. but if you are a new trader, then you should not try this strategy in your trading because it requires expert traders. so I think it's better to avoid scalping in forex trading. There is another Scalping software that will benefit in all forex market conditions. But the best strategy that you can use in a forex strategy is based on a trend line. Transactional is always according to trends, not to emotions or personal predictions!
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I have not used it in a real account so far, for that reason, I have not found a good bot & correct settings and I am not comfortable using it at this stage.
I have an open mind though, use it later
They get their place in the scheme of things ...!
But then, it requires a lotta effort to make the bot function with