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  • #1,168,241
  • May 3, 2020 9:43am May 3, 2020 9:43am
Quoting Erto
I' m looking for a robot with a consistent profit any recommendations?
No such a thing. If it was that easy everyone would use it. The best tool for trading is yourself. Learn to minimize losses, maximize wins and you are good. Trading robots may work in a short time, but it will fail you at the end.
  • #1,168,242
  • May 3, 2020 9:51am May 3, 2020 9:51am
I'll start Short from 1.10500.
Slow but sure !!!
  • #1,168,243
  • May 3, 2020 9:52am May 3, 2020 9:52am
Quoting Techanalyst
{quote} No such a thing. If it was that easy everyone would use it. The best tool for trading is yourself. Learn to minimize losses, maximize wins and you are good. Trading robots may work in a short time, but it will fail you at the end.
It seems to me the only kind of robot that would have the potential to give some success would have to be a grid trading robot. But again, you would have to have a very large account to deal with the drawdown, and you couldn't be a US citizen using a US regulated broker as it would never work under such conditions due to no hedging and FIFO rules.

Have you seen this video?
Inserted Video
Learn from your mistakes and march on.
  • #1,168,244
  • May 3, 2020 10:48am May 3, 2020 10:48am
Quoting here2there
{quote} It seems to me the only kind of robot that would have the potential to give some success would have to be a grid trading robot. But again, you would have to have a very large account to deal with the drawdown, and you couldn't be a US citizen using a US regulated broker as it would never work under such conditions due to no hedging and FIFO rules. Have you seen this video? https://www.youtube.com/watch?v=bVJ5ic05DBw
Grid system like buying/selling every 50/100 pips until you are in profit?

I don't know how grid works honestly
COT: The precious data ignored
  • #1,168,245
  • May 3, 2020 10:55am May 3, 2020 10:55am
Quoting kuroro001
{quote} Grid system like buying/selling every 50/100 pips until you are in profit? I don't know how grid works honestly
Yes, some traders are doing that quite successfully. The more successful ones use a combination of trading strategies with it. They usually open very small positions, such as 0.01 lots (using limit orders and stop orders) placed at strategic areas. There are many. And they simply scalp trade using a grid system.

The guy in the video I shared has a different system.
Learn from your mistakes and march on.
  • #1,168,246
  • May 3, 2020 12:40pm May 3, 2020 12:40pm
Quoting Erto
I' m looking for a robot with a consistent profit any recommendations?
Ahahah robots will never do anything for you long term learn how to trade yourself and put in the work like us men here. Wake up and grind bro
Master your mind. Master Trading.
  • #1,168,247
  • May 3, 2020 3:53pm May 3, 2020 3:53pm
Here's a top-down technical perspective on the EURUSD. The EURUSD daily time frame shows a market operation disposed northwards. However, looking left, the bearish impulsive swing from 1.14590 is still intact and any bullish move is retracement. The 1.09800/1.10250 area is the immediate horizontal resistance. Presently, price action on the H4 time frame is disposed northward, apparently in a retracement; it is located around the 38.2 Fib of the recent major downward swing, from 1.15090 to 1.06360. The 50/61.8 Fib zone (bound by magenta horizontal lines) may be susceptible to a southward turnaround. We should watch how price action handles the zone in the early part of this week.


I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,168,248
  • May 3, 2020 6:19pm May 3, 2020 6:19pm
Quoting here2there
{quote} It seems to me the only kind of robot that would have the potential to give some success would have to be a grid trading robot. But again, you would have to have a very large account to deal with the drawdown, and you couldn't be a US citizen using a US regulated broker as it would never work under such conditions due to no hedging and FIFO rules. Have you seen this video? https://www.youtube.com/watch?v=bVJ5ic05DBw
I have seen this video. This guy is full of it. Talks too much, and is just there to sell his product. Stay away from trading robots. Especially in today's market, the way it is this is a guaranteed failure. This would have worked back in early 2000's where either the trend was up or down. Now it goes up, down, sideways, consolidation and so on. You've seen it yourself with EURUSD. Imagine how many times the robot would buy and sell EURUSD the way it is now, the account would be gone in a matter of couple weeks.
  • #1,168,249
  • May 3, 2020 7:34pm May 3, 2020 7:34pm
  •  dmj120
  • | Joined Jan 2020 | Status: Newbie with professional aspiration | 108 Posts
I have a pending short at 1.0962. Looking for a mid-week target at 1.0835
School of hard knocks
dmj120 Return This Year: na
  • #1,168,250
  • May 3, 2020 9:45pm May 3, 2020 9:45pm
The daily 100 200 sma rejected prices yet again , all eyes are now on h1 support
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  • #1,168,251
  • May 3, 2020 10:07pm May 3, 2020 10:07pm
Entry 1.096. Potential bounce 1.09640 -> 1.09420
  • #1,168,252
  • May 3, 2020 10:34pm May 3, 2020 10:34pm
if week open price holds then a possible drop to 820
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  • #1,168,253
  • May 3, 2020 10:43pm May 3, 2020 10:43pm
i may be wrong
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  • #1,168,254
  • May 3, 2020 11:52pm May 3, 2020 11:52pm
Quoting PatienceFx
i may be wrong {image}
892 may provide a good support for today [ around ADR ]
  • #1,168,255
  • May 4, 2020 12:11am May 4, 2020 12:11am
Quoting PatienceFx
{quote} read what i said , its not one word fund a mental is not fundamental aspect is it ?
Do not speak to me like this again
Master your mind. Master Trading.
  • #1,168,256
  • May 4, 2020 12:20am May 4, 2020 12:20am
Quoting here2there
{quote} It seems to me the only kind of robot that would have the potential to give some success would have to be a grid trading robot. But again, you would have to have a very large account to deal with the drawdown, and you couldn't be a US citizen using a US regulated broker as it would never work under such conditions due to no hedging and FIFO rules. Have you seen this video? https://www.youtube.com/watch?v=bVJ5ic05DBw
Nothing more to be said...
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Instagram - FX_ELITE_Europe | In Search of #BIG_R | Need No Small Pips
  • #1,168,257
  • May 4, 2020 12:21am May 4, 2020 12:21am
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yes yes yes
  • #1,168,258
  • May 4, 2020 12:23am May 4, 2020 12:23am
We are 20 pips away from 1.0920 the bottom range support, EU can move and test again 1.1000 from around here, direction is the key for everything in forex even if, you are trading manual, or getting help from an expert advisor, when you know what the market is doing then everything works the most.

Have a great week ahead.
Looking for profitable short term trades ...|
  • #1,168,259
  • May 4, 2020 12:39am May 4, 2020 12:39am
Price testing WP
Master your mind. Master Trading.
  • #1,168,260
  • May 4, 2020 12:51am May 4, 2020 12:51am
first test at 925 ; pmi data may see a drop to 892 today then a recover back to 900 +/- 20
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