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volatile people's market movements than we can imagine there is no forex robot better than our brains and emotions, $ 500 Balance I think is a big balance, how about making it compound step by step, don't think about being greedy, just making it simple like You have a target of how much profit in a day.
like this maybe
using the manual trade lot you took is 500/10000 = 0.05 Lot size
use take profit 50 points 0.05 x 50 points = 2.5 $ You can trade it without Stop Loss maybe not too dangerous your margin if we are wrong.
sorry just suggest from me, everything your decision is ok
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I don't use any robot to trade. because I think manual trading is the best of all rebuttal. You can learn to watch and make pure profits. I can make 10 pips per hour which means I don't need any robot. therefore I do not think about it. and I think robots are a very risky element in forex because robots cannot control the market if the charts rise very high or very low. So manual work is better than robots because some time will wipe your capital and you will become more lax.
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Ma kisi be EA jasey system ko prefer nahi karta ho kio ka mujy in se dar lagta ha ya loss ka sab se main reason hoty ha trader zaida profit earn karny ka pechey apna loss krwa detey ha jabkay trading ek long term work ha or slow slow agay jaya jata ha is ma.
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The robot must be functioning but not 100%. I would not advise every beginner to use any robot. You are better than any robot if you are ready to learn and trade. If you must use a robot, be a developer. And for me ..... Yes it works but at a certain time we have to do some manuals too .... but robots don't have human feelings ... it does what programmers have programmed ...
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What robot do you use to trade at the moment? Trading using robots cannot last long because changing market conditions change. It is difficult to find robots that can provide consistent benefits. and I think a job should have people in a good position of good appeal using support that is different from use. that different traders manage different plans with different numbers of risks and targets to complete.
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As you have said about EA, it looks good, let's try it, and see what it does. However at the moment I am looking for a good robot that can help me to understand market trends and now I use this robot only on a demo account, and learn their methods to start trading. and can you explain me what some parameters mean, I'm afraid I don't quite follow the configuration in the settings when I drag and drop the robot to be used.
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EA also makes us very lazy to gather knowledge about this market, we have to work hard in this market for a better deal. Manual trading can make us feel amazing when we are in the right position on the other side, an automated third party trading system makes us profitable but not a successful trader in this market. automated trading systems are not safe if we don't understand the conditions for implementing them in the real market I think.
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I have never really used EAs and robots, but I think your method is simpler, when I start trading I will try it, and post successes or failures and Max trading in this EA means maximum trading per day, not maximum trading opened at the same time
also trailing stop loss in this EA is only for profit trading not for trading losses because it will not make stop loss
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I agree with this robot that can never replace humans because it really needs to be very focused and alert when it comes to trading with an automated trading system. and why does TS want to find a robot? hihihi but your post is true, robots will never defeat humans, and cannot replace the human mind itself because robots aren't perfect, and humans are perfect
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There are so many robots to choose from. So, we must take the time to find out. I cannot answer all the questions you ask here because the answers will vary greatly. All I can say about robots is that robots continue to trade and good robots make a good amount of money on average. and in this MACD EA there are three variables that are the key to success in achieving profits, especially in setting moving averages, and MACD lines and histograms, that means these variables are included in the MACD EA script and if we make observations or experiments to use several settings modifications we can find better settings especially using this larger setting
