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Trading on Autopilot: How AI is Changing the Game for Forex Trade

  • #21
  • May 4, 2023 9:46am May 4, 2023 9:46am
I have developed a simple app that reads news related to Gold (XAUUSD) and uses the NLTK library to calculate the market sentiment. The sentiment is represented by a number between -100 and 100, where 0 indicates a neutral market, -100 indicates a strong bearish market, and 100 indicates a strong bullish market.
Currently, the app is showing a sentiment score of +78%, which indicates a strong bullish market and suggests that Gold prices are likely to increase further. This sentiment indicator can be used to determine the fundamental outlook of the market and can serve as a filter in our trading. For instance, if our FxMath AI Trader Gold EA wants to open a long position but the sentiment score shows a strong bearish market, the EA will not open the trade or may close some existing positions.
To keep our community updated, I will configure the app to automatically post the sentiment score frequently in our Telegram group (https://t.me/FxMathAI) and on our Twitter account. This will help our followers stay informed about the market sentiment and make better trading decisions.
https://t.me/FxMathAI
  • #22
  • May 4, 2023 9:54am May 4, 2023 9:54am
Suppose you've opened a position in Gold (XAUUSD) and you're seeing a range-bound market with no clear up or down trend. In such a situation, checking the sentiment value of the market can provide valuable insights into the future direction of the price movement.
For example, if the sentiment value is 80%, it indicates a strongly bullish market sentiment, and the price is likely to start increasing soon. On the other hand, if the sentiment value is -90%, it suggests a strongly bearish market sentiment, and the price is likely to start decreasing soon, possibly leading to a downtrend.
However, it's important to note that sentiment analysis is not 100% accurate, and it may sometimes show the wrong direction. Therefore, it's essential to consider other technical and fundamental analysis tools to confirm the sentiment score and make informed trading decisions.
Despite its limitations, sentiment analysis is a useful tool to understand the market's fundamental outlook and gain insights into the future direction of the price movement. By integrating sentiment analysis with other technical analysis tools, traders can increase their probability of success in the markets.
Moreover, sentiment analysis is a valuable addition to our FxMath AI Trader Gold EA, which is an automated trading system that uses machine learning and artificial intelligence algorithms to make trading decisions. By using sentiment analysis as a filter, the EA can avoid opening trades that are likely to be unsuccessful in a strongly bearish market and focus on opportunities that align with the current market sentiment.
In conclusion, sentiment analysis is a helpful tool for traders to make informed trading decisions and gain a deeper understanding of the market's fundamental outlook. Although it's not always accurate, when used together with other technical and fundamental analysis tools, sentiment analysis can provide valuable insights into the future direction of the price movement and help traders stay ahead of the competition.
https://t.me/FxMathAI
  • #23
  • May 4, 2023 12:20pm May 4, 2023 12:20pm
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I would like to share with you the results of FxMath AI Trader #Gold (#XAUUSD) for May 5th. As you may know, the market was very volatile yesterday due to the FOMC announcement, and our EA was not immune to its effects. Despite opening and closing several trades, the generated profit was almost zero.
To provide some context, I am currently running the EA with fixed stop loss/take profit of 120 pips (equivalent to $12) and without using grid or martingale strategies. This is a conservative approach that aims to minimize risk while still seeking profitable trades. However, given the extreme market conditions we experienced yesterday, it's not surprising that the generated profit was lower than expected.
One issue that I noticed during the trading session was that the EA opened multiple trades at each candle if the trade hit the stop loss or take profit. This is not ideal, as it increases the risk exposure and can lead to more unpredictable results. Therefore, I plan to modify the function to open only one trade per candle, which should improve the overall performance of the EA.
It's worth noting that these days, the market has been very unpredictable and is strongly influenced by fundamental factors rather than technical analysis. We have seen strong up and down trends, and it's challenging to predict the market direction with a high degree of accuracy. However, I remain confident in the abilities of the EA and believe that it can still generate profits even in these challenging market conditions.
If you're interested in discussing these results and staying up-to-date with the latest developments, I invite you to join our Telegram group at https://t.me/FxMathAI. There, we can exchange ideas, share insights, and support each other in our trading journeys.
Overall, I'm looking forward to seeing how the EA performs in the coming days and weeks. I appreciate your support and trust in FxMath AI Trader, and I will keep you updated on any further developments.
https://t.me/FxMathAI
  • #24
  • May 5, 2023 12:49pm May 5, 2023 12:49pm
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Hello,
I am excited to share with you the latest results of FxMath AI Trader Gold, an AI-based EA powered by a machine learning strategy. With fixed stop loss and take profit of 120 pips ($12) and a trailing profit of 40 pips ($4), this EA does not use martingale or grid strategies.
I am pleased to report that today we have generated a net profit of +371 pips so far, and I am very satisfied with the performance. To ensure transparency, the EA automatically posts on my Telegram and Twitter when trades are opened or closed.
For a limited time, we are offering FxMath AI Trader Gold with a lifetime license and free updates. The price is $97 for payment via cards or PayPal at https://store.payproglobal.com/checkout?products[1][id]=71355, and $69 for payment via cryptocurrencies at https://commerce.coinbase.com/checko...b-03ff4b470a6e.
Join our Telegram group at https://t.me/FxMathAI to learn more about FxMath AI Trader Gold and stay updated on our latest trades.
Thank you for considering FxMath AI Trader Gold as your trading tool of choice. We are committed to providing you with the best possible trading experience.
https://t.me/FxMathAI
  • #25
  • May 7, 2023 11:59am May 7, 2023 11:59am
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Hello,
I have been experimenting with different scenarios for Gold (XAUUSD) trading over the weekend. I have tried different combinations of stop loss (SL) and take profit (TP) levels with risk-reward ratios (RR) of 1.1 and 1.1.5. I have also tested different trailing stop levels of 20%, 30%, 40% and 50%. I have trained models based on these scenarios and then applied them to 1000 new candles that the models have not seen before. I have evaluated the performance of each strategy based on the profit, maximum drawdown (Max DD), profit-to-drawdown ratio (profit/Max DD) and number of trades. The results show that the best strategies are those with a trailing stop of 20% and SL/TP levels of 60/90 or 110/165. This suggests that the market is influenced by many fundamental factors and that it is better to enter and exit the market quickly. Therefore, if you want to make profit, you should close your positions after 2-3 candles (2-3 hours) in the market.
https://t.me/FxMathAI
  • #26
  • May 8, 2023 12:18pm May 8, 2023 12:18pm
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Hello!
I wanted to share today's trading results for FxMath AI Trader on #Gold (#XAUUSD) with you. The AI Trader opened a few trades today and was able to generate a total of 137 pips. I am currently using a Stop Loss (SL) and Take Profit (TP) strategy with a 120 pip (12$) range and trailing 30% of TP (4$). I'm happy to report that I do not use any martingale or grid strategies in my trading approach.
It's worth noting that today's market conditions were relatively slow, with limited movements in the market. Despite this, I am very satisfied with the results that FxMath AI Trader was able to achieve today. If you're interested in learning more about my trading approach or staying up-to-date on my trading results, I invite you to join my Telegram group at https://t.me/FxMathAI. Thank you!
https://t.me/FxMathAI
  • #27
  • May 9, 2023 5:34am May 9, 2023 5:34am
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I would like to share some further insights about the best performing strategies for trading gold (XAUUSD) on the 1-minute time frame, based on my tests with different trailing stop levels (20%, 30%, 40%, and 50%).
One important aspect to note is that if a trade does not reach the stop loss or take profit level within 2 hours, it will be closed by the EA, and a new trade will be opened in the opposite direction.
After testing multiple strategies, I found that the following are the best performing strategies:
• SL 35 TP 52 Trailing 0.2: This strategy has a high win rate (85%), a low drawdown (115 pips), and a high profit/drawdown ratio (3.8). It also has a high number of trades (82), a high profit (437 pips), and a high profit per day (1660.6 pips).
• SL 55 TP 82 Trailing 0.5: This strategy has a high win rate (79%), a low drawdown (85 pips), and a high profit/drawdown ratio (3.62). It also has a high profit (308 pips) and a high profit per day (1116.05 pips), although it has a low number of trades (19).
• SL 45 TP 67 Trailing 0.2: This strategy has a high win rate (85%), a low drawdown (101 pips), and a high profit/drawdown ratio (3.38). It also has a high number of trades (60), a high profit (341 pips), and a high profit per day (1151.3 pips).
After generating results for trading on the 1-minute time frame with 1000 candles (equivalent to 1000 minutes), I found that one of the strategies generated 437 pips of profit in 1000 minutes. If we average this over 144 cycles, it can reach up to 62928 pips per month. However, a more realistic range would be 40000-50000 pips per month.
Trading on the 1-minute time frame has its challenges, such as the need for fast execution and calculation, as well as constant monitoring of the strategy. However, it can offer higher profit potential with lower drawdowns. It is important to consider these factors when choosing a trading strategy and time frame.
If you are interested in discussing these strategies and learning more about the FxMath AI, I invite you to join our Telegram group at https://t.me/FxMathAI. Our group is a community of traders who are interested in exploring the potential of automated trading and improving their trading strategies.
https://t.me/FxMathAI
  • #28
  • May 9, 2023 12:01pm May 9, 2023 12:01pm
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I wanted to share with you the latest results for FxMath AI Trader Gold(XAUUSD) for today, May 9, 2023. The EA has opened a few trades and made -38 pips so far. I am using a fixed SL/TP of 120 pips and a trailing stop of 30%. While the results are not very impressive, the EA has managed to control the risk and drawdown.
The market is currently choppy and moving up and down with small fluctuations. However, the sentiment indicates that the market may try to move higher and test higher levels. We will see how the EA performs in the next few days with its AI-based algorithm.
If you would like to discuss these results and other related topics, please feel free to join our Telegram group at https://t.me/FxMathAI. Our group is a community of traders who are interested in exploring the potential of automated trading and improving their trading strategies.
https://t.me/FxMathAI
  • #29
  • May 9, 2023 12:48pm May 9, 2023 12:48pm
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I would like to update you on my progress on developing FxMath AI Trader Gold(Scalper), a M1 timeframe strategy that uses machine learning to trade on Gold (XAUUSD). This strategy trades the last unseen 10,000 M1 candles, which corresponds to about 8-9 trading days, and uses a fixed SL: 35, TP:52 and trailing stop: 20% of TP. The strategy also re-trains the machine learning model for every 1,000 candles to adapt to the market changes.
The strategy has shown some decent results so far. It has generated a profit of 1122.0 pips, a max drawdown of 303.0 pips, a win rate of 76.0%, and a number of trades of 634 in the testing period. This means that if you start with a $100 account and 0.01 lot, you will get a max drawdown of 30% and your profit will be $100 in one week. Or if you use 0.1 lot in a $1,000 account, you will make $1,000 and double your account in one week.
However, I believe that the strategy can be improved further by using some optimization techniques. Here are some possible solutions that I will try to implement and test:
• Use dynamic SL/TP and trailing stop for each training. Instead of using fixed values for SL/TP and trailing stop, the strategy can find the optimal values for each training based on the historical data and apply them to the next 1,000 candles and trades. This way, the strategy can adjust to the market volatility and capture more profits or reduce losses.
• Use shorter intervals for re-training the model. Instead of re-training the model for every 1,000 candles, the strategy can re-train the model for every 500 candles or even less. This way, the strategy can react faster to the market changes and update its signals and instructions accordingly.
For more information please visit: https://fxmath.com
Telegram Group: https://t.me/FxMathAI
*Exclusive Offer: https://shorturl.at/cnwz4*
https://t.me/FxMathAI
  • #30
  • May 9, 2023 2:21pm May 9, 2023 2:21pm
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I am experimenting with different settings for AI Trader on new market data. I ran the EA from May 2022 until now with a fixed SL/TP of 240 pips and a trailing of 205% of TP. These are the results I got: Profit: 7469.0, MaxDD: 1402.0, WinRate: 77.0, Number of trades: 795
The results are decent. I am also testing with 120/120 and 20% trailing and 180/180 and 20%. I will post the results tomorrow.


Calculating the profit for max DD and profit according $ if you trade gold on a 1000$ account and 0.1 lot per trade. Here are the steps to do that:
• First, we need to convert the profit and max DD from pips to dollars. To do that, we need to multiply them by the pip value of gold, which is 0.1$ per pip for 0.01 lot. Since you are trading 0.1 lot, we need to multiply the pip value by 10. So, the pip value for 0.1 lot is 1$ per pip.
• Next, we need to multiply the profit and max DD by the pip value to get the dollar amount. So, the profit in dollars is 7469 x 1 = 7469$, and the max DD in dollars is 1402 x 1 = 1402$.
• Then, we need to calculate the profit for max DD ratio, which is the ratio of the profit to the max DD. To do that, we need to divide the profit by the max DD. So, the profit for max DD ratio is 7469 / 1402 = 5.33.
• Finally, we need to calculate the profit according $, which is the percentage of the profit relative to the account balance. To do that, we need to divide the profit by the account balance and multiply by 100. So, the profit according $ is (7469 / 1000) x 100 = 746.9%.
https://t.me/FxMathAI
  • #31
  • May 10, 2023 12:10pm May 10, 2023 12:10pm
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FxMath AI Trader Gold has been profitable today, earning +19 Pips in net profit so far. It has reached two take profit and stop loss points, following the strong and fast trends in the market. I have applied a fixed stop loss and take profit of 12 pips each, and a trailing stop of 30%. This is my strategy to lock in profits and minimize losses in this dynamic situation.


For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #32
  • May 11, 2023 12:18pm May 11, 2023 12:18pm
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Today was a tough day for FxMath AI Trader Gold(XAUUSD). It made some trading decisions and resulted in -239 pips loss. I am using a strict stop loss and take profit of 120 pips (12$) to protect my account and lock in my profits. I also use a trailing stop of 30% of the take profit, which means that the stop loss level will move up or down according to the price direction, to capture more profits or reduce more losses. I only open one trade at a time and let the EA manage it. I don't use grid or martingale strategies, which are risky and can blow up my account. I will wait and see how the EA performs tomorrow and see if it can recover from today's loss and close this week with a profit or not. Stay tuned and thank you for your support. I appreciate your feedback and suggestions.


For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #33
  • May 15, 2023 2:05pm May 15, 2023 2:05pm
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Hello,
I hope this message finds you well. I am writing to update you on the performance of FxMath AI Trader Gold(XAUUSD), which is an expert advisor (EA) that uses artificial intelligence (AI) to trade gold in the forex market.
Unfortunately, the EA has not been able to generate any profits in the last two weeks. This is because the market conditions have been very uncertain and choppy, making it difficult for the EA to predict the price movements of gold. The price of gold has been ranging between 2000-2050$ without a clear trend or direction. The EA has been opening and closing trades based on its models, but most of them have resulted in losses.
For example, today the EA closed some trades with a total loss of -104 pips, which is worse than the previous day. Last week, it also had a big loss of -71 pips on one trade. These losses have reduced the account balance and the profitability of the EA.
I am aware of this situation and I am working hard to improve the EA's performance. I am planning to update and retrain the models this week using the latest market data. This will help the AI to learn from the current market behavior and adjust its trading strategy accordingly. I hope that this will improve the accuracy and profitability of the EA in the future.
I appreciate your support and patience while I work on this issue. I will keep you posted on the progress and results of the EA. Please let me know if you have any questions or concerns. Thank you for choosing FxMath AI Trader Gold(XAUUSD).

For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #34
  • May 17, 2023 2:13pm May 17, 2023 2:13pm
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I'm sending you this email to update you on the results of FxMath AI Trader Gold for today. The EA generated -12 pips today, which is a slight improvement from yesterday's performance. However, I received reports from some traders who used the same EA and got different and profitable results today. I wonder why there is such a discrepancy in the outcomes. I also observed that the EA sometimes gets confused and switches direction after 1 or 2 hours of trading, closing the current trade and opening a new one in the opposite direction. This seems to indicate that the EA is not very confident or consistent in its predictions. I have one open trade in profit right now, which I hope will close successfully. For May, the EA generated -270 pips so far, which is a disappointing result. I will keep monitoring and report the final results at the end of this month. I appreciate your support and feedback on how to improve the EA.
https://t.me/FxMathAI
  • #35
  • May 18, 2023 12:13pm May 18, 2023 12:13pm
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Today, FxMath AI Trader Gold performed better than yesterday. It earned a net profit of +59 pips so far. The current market conditions are challenging for the EA, as they are different from the past three years. The EA had a loss of -211 pips since the beginning of May until today. However, after retraining and updating the model, the EA started to make some profit again. This week was tough at first, but it improved later on. I am using a hard stop-loss and take-profit of 120 pips and a trailing level of 30%. I will keep monitoring and improving the EA. Thank you for your support.


For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #36
  • May 23, 2023 12:21pm May 23, 2023 12:21pm
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I would like to share my experience using FxMath AI Trader Gold (XAUUSD) for today. I'm happy to report that it has generated a net profit of +211 pips. The software uses a hard stop loss (SL) and take profit (TP) of 120 pips and a trailing stop loss that follows 30% of the TP. What's great about this software is that it doesn't use any martingale or grid strategies, and it only places one trade at a time. Once the trade is placed, the software runs 24/5, making it a hands-free and fully automated trading experience. As a trader, you don't need to do anything except run the software and let it do its job.
I welcome all feedback, especially any bug reports or weakness of the EA. This will help me improve the performance of the software and make it even better. I'm confident that with continuous improvements, FxMath AI Trader Gold will continue to generate profitable trades for me and other traders who use it. Whether you're a beginner or an experienced trader, this software can be a valuable addition to your trading toolkit. So why not give it a try and see for yourself?

For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #37
  • May 24, 2023 12:23pm May 24, 2023 12:23pm
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I am pleased to report that the FxMath AI Trader Gold (XAUUSD) has yielded a net profit of +46 pips and closed with a profit today. As of now, this week's results have been positive. I use a Hard Stop Loss/ Take Profit strategy with a limit of 120 pips and trail 30% of the Take Profit amount. I do not employ the use of Martingale or Grid techniques. Thank you for your continued support, and I look forward to receiving your feedback.


For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #38
  • May 26, 2023 1:06pm May 26, 2023 1:06pm
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Today, the FxMath AI Trader Gold (XAUUSD) closed a number of trades with a profit of +106 pips. It's worth noting that I don't utilize martingale or grid strategies, instead relying on fixed stop loss (SL) and take profit (TP) levels of 120 pips, along with a trailing 30% TP level. So far this week, the EA has generated a total profit of +239 pips. I appreciate your tremendous support and eagerly await your feedback.


For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
  • #39
  • Last Post: May 30, 2023 12:55pm May 30, 2023 12:55pm
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Hi,
I want to share an update on FxMath AI Trader #Gold(#XAUUSD). It has closed some trades today with a total net profit of +102 pips. I don't use any risky strategies like martingale or grid. It has a hard SL/TP of 120 pips and a trailing TP of 30%. I appreciate your support and feedback.


For more information please visit: https://www.fxmath.com
Telegram Group: https://t.me/FxMathAI
Exclusive Offer: https://shorturl.at/cnwz4
https://t.me/FxMathAI
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