Katie_90 Posted October 8, 2022 Share Posted October 8, 2022 Do you use any bots for auto trading? can you share smth? Quote Link to comment Share on other sites More sharing options...
Lechosław Król Posted October 8, 2022 Share Posted October 8, 2022 Price action trading can be a great strategy for traders if they can forecast the market well. Earn efficient in technical analysis because it will give you ideas of the market trends. Eurotrader broker puts no restrictions on price action trading and hedging. Quote Link to comment Share on other sites More sharing options...
radex78 Posted October 9, 2022 Share Posted October 9, 2022 There are alot of ea file in my hardisk, sometimes i do backtest ea, but until now still not yet finding the best one for long term, most ea working good at beginning but fail eventually, better manual trading for me still works using FXOpen broker since I like to scalping, zeros spread could gives more benefit for take low cost in catching profit on low timeframe. Quote Link to comment Share on other sites More sharing options...
Tom-93nf Posted October 15, 2022 Share Posted October 15, 2022 Certainly. That`s so convenient to use autotrading platforms, cause I guess bots are much more consistent than humans, as bots are able to operate nonstop and always execute orders based on specific indicators. using them you can reduce the risk of losing everything Quote Link to comment Share on other sites More sharing options...
sam_oi_2 Posted October 16, 2022 Share Posted October 16, 2022 I guess using bots it is too old fashion😅 Tom is right about autotrading, I checked Allpips, looks like a cool platform and now I'll try this way of trading Quote Link to comment Share on other sites More sharing options...
radex78 Posted October 16, 2022 Share Posted October 16, 2022 Traders can use ea to replace their hand to making effort making money from forex market, to support the clients, FXOpen also offer free VPS to running ea, but this need certain requirement. There are many traders working part time and they using EA when they in the working hours the robot will work based certain parameter based on logic. Quote Link to comment Share on other sites More sharing options...
Hudson Posted August 8, 2023 Share Posted August 8, 2023 I have not started but would like to know which bot is better and how much it costs because I trade with FP Markets and so far it's going well, but due to certain reasons I'm not able to focus on the trading. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 9, 2023 Share Posted August 9, 2023 Development of forex trading use automatic trading will remain to grow in the future, in addition at present AI already becomes hot topic in the world, it and many robots using AI to attract users. However, we need to carefully when choosing ea, because not all ea can work like in the promotion.. Quote Link to comment Share on other sites More sharing options...
Namu Posted August 15, 2023 Share Posted August 15, 2023 I personally don't really like using trading robots, as I am more comfortable conducting trading manually. With manual trading, I can experience the proper way of executing trades. Additionally, I joined FreshForex and utilized their education resources, which allowed me to delve deeper into knowledge and understanding of the forex market. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 17, 2023 Share Posted August 17, 2023 Working manual trading or using robot all have a goal to make a profit in trading, however if using ea, it is need additional cost because to running ea all day long need VPS and it is need cost to hire VPS, even not all ea need low initial capital, there are ea designed with minimum deposit $1000 Quote Link to comment Share on other sites More sharing options...
nanamage Posted August 27, 2023 Share Posted August 27, 2023 I feel more comfortable trading manually because I was provided with trading education by Freshforex so my confidence increased. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 27, 2023 Share Posted August 27, 2023 Trading using bots has pros and cons, including robots can handle multiple orders in one time, and this can't be human do, and robot can work all day long to stay active full 24 hours a day which humans can't do. If you face a problem with your robot you can ask to fix it in the FXOpen forum Quote Link to comment Share on other sites More sharing options...
boltushkin Posted September 4, 2023 Share Posted September 4, 2023 On 10/8/2022 at 5:25 PM, Katie_90 said: Do you use any bots for auto trading? can you share smth? I use FAP turbo and PAMM trading at Hotforex you can find this bot on trading forums but make sure you first tried it on demo. Also do not hesitate to try it setting different parameters and using different assets and even asset classes like forex, metals, commodities, indices, etc. Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 11, 2023 Share Posted September 11, 2023 Trading bot has advantages where it can work all day long without tired, but some problem like connection speed influence to trading performane, and using trading bot also not always able generate a profit, I ever tries some trading bot and all robot eventually make margin call account. So I like manual trading because easy to manage the risk. Quote Link to comment Share on other sites More sharing options...
nanamage Posted September 15, 2023 Share Posted September 15, 2023 Hi, guys! Me and my friends were trying this code for new members on FreshForex. Some of us got the bonus, some didn't. But it's 101% so it's worth trying. Try signing up and enter the code onlyfresh0923. See what happens and share your experience pls. Quote Link to comment Share on other sites More sharing options...
radex78 Posted September 20, 2023 Share Posted September 20, 2023 There are advantages and disadvantages using robot trading, including the robot can work multi tasking in manage an order, however depends on programmer to create a good ea also need deep understanding the codebase. Usually to manage robot order use magic number to recognize an order made by ea or human. Quote Link to comment Share on other sites More sharing options...
nanamage Posted October 15, 2023 Share Posted October 15, 2023 Bot trading or manual trading have their pros and cons. I just want to remind you about the case of Wahyu Kenzo, the 'crazy rich' from Surabaya. He got nabbed by the cops in Malang for alleged fraud and violations of the Electronic Information and Transactions Law (ITE) through his robot trading, Auto Trade Gold (AGT). Turns out, his trading bot didn't have the necessary permits from the authorities. About 141 investors claim to be victims, and the total losses add up to more than Rp15 billion. So, always stay vigilant when choosing the right broker. Quote Link to comment Share on other sites More sharing options...
FXOpen Trader Posted January 4 Share Posted January 4 On 10/15/2023 at 9:24 PM, nanamage said: Bot trading or manual trading have their pros and cons. I just want to remind you about the case of Wahyu Kenzo, the 'crazy rich' from Surabaya. He got nabbed by the cops in Malang for alleged fraud and violations of the Electronic Information and Transactions Law (ITE) through his robot trading, Auto Trade Gold (AGT). Turns out, his trading bot didn't have the necessary permits from the authorities. About 141 investors claim to be victims, and the total losses add up to more than Rp15 billion. So, always stay vigilant when choosing the right broker. I would like to say that we need to do our trading using the manual trading methods for more profits and control over the trades. Quote Link to comment Share on other sites More sharing options...
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