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So Forex means a source of income on-line with various conversations about forex trading. This is a wave site ****** from which many people get money for a long time. This is a suitable source of income for students and employees. This is also a game. and If beginners are not aware of systems that make money and also take money from them in terms of losses, I don't think they should jump right into the automatic part of forex. I guess it would be like learning to bike instead of walking first which is not recommended in any case. Beginners must first start with a demo trading and then move to a real account, trade with some money.
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I'm a beginner, but I like to collect EAs that have been shared on this forum. I think robots should not be used in Forex trading, because there are many things that can affect the market at any time. And robots can never make decisions at that time. Only the human brain can understand the situation and trade according to the problem. and To be honest, I don't think that it's very wise to rely on robots. Yes, I use it on demos and to some extent they do well. But still I can't just rely on them and let them manage my live account. This is my very personal belief.
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I tried and used robots in the demo but they could not profit properly. it's better to do manual trading. Manual trading is the best and we don't know when the market will suddenly move and also robots that are proven to be no better than our brains and minds. and There are several robots that can read price action, if we can make a logic about the price action and embed that logic through MQL4 language code so that we will make a forex robot that can read price action accurately.
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The best received so far has been Fapturbo, but I have not accepted the applied acquaintance claimed with it. I myself heard from several traders that it is acceptable under the strict market height specified in it. But all the merchant associations that embrace are not advancing application robots. and i don't know, i've used the fxscalper robot, so i never use it again and i don't trust them anymore, i prefer to trade manually and be more profitable than EA, besides that i can develop my system and then become a mature trader
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I use an EA robot, which helps me in my assignments day after day on Forex, helps enforce consistency and turns off again and again to remedy the disadvantages in my ever-changing manual, and best of all they are unlimited and get here in the EA segment . Exchange that regularly produces 60-70% benefits and continuously works 24 hours with a very flat risk opening edge.
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I don't think EA will receive signals from some of the news that is released or the actual news. EA is a system that continues to work and will remain disorderly when exposed to fundamental news. it's the EA that I experienced trials and MCs. but Ea has been tested for up to 1 year with great partner results. good confirmation from this EA is to buy or sell open positions. for TP and SL that must be corrected in pairs .... The initial post is a good arrangement for SL and TP ...
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I do not believe in the robot's ability to generate forex trading profits, I used a robot during the first trade but all my accounts use continuous losses and finally MC. Since then, I don't like robots, the better I trade manually, the more efficient and more profitable and, most importantly, I'm satisfied with the results I get manually.
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I think this EA will open a single order pair, but of course what is mentioned here is: IF YOU HAVE A BIG CAPITAL and of course and of course we don't have that
I better choose manual trading, even with a small ballance hehe it's easier and I can get experience from here and I see this EA using hedging, increasing balance and equity balance is still below the chart ... a very good hedge if you use the correct logic here ... why do you have to use large capital, because that will happen several times with the OP needing a bigger margin too, in my opinion.
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Now this depends on what equity you have and where your six ea lot or robot is traded for example if you have 1000 dollar equity and you are trading at 1 dollar then this will be risky because the robot can trade many positions so adjust it. at 20 cents this will be safe. and automated trading is safe and that is why many traders now use robots for automated trading. I really like automated trading because it saves our time and also helps us get profits easily.
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It looks good but need more info ... like how ea works .. means how ea opens the order based on logic ... I have the same type of ea as bubble .. but I stopped because I couldn't put a stop loss or about 400 pips and I think you better put money / risk management on that ea, because we have to know whether it survives in all conditions in the market with constant risk / constant management / constant equity per lot
