Hi Janacobb, I understand your frustration and I agree about the robots , but I do want to say that it is possible to make the robot to make good trade entry's , this is not so hard , the biggest problem is ,where to take the profit, it is this reason that robots don't work and they lose money, this is the reason why the banks and other large hedge funds don't use them, contraries to the belief that they do,so my recommendation is for you to learn the art of trading manually first . from your comments it seems you whore not able to make it work and there is a good reason for that, you haven`t learned the proper art of trading in forex , the fact that you already decided to quit , tells me about your frustration with it , Good news is that it is not that hard to make money in forex at all on a doyley basses , no robots , no fancy indicators , just simple things , a plan , patience , and not to be greedy, forex will give you , but it wants to take it back, The next thing is with which broker are you trading ??? this is the most important thing , market makers , whooho, yes , they have so many rules even I will have trouble making money, what you need is a good ECN , I mean real ECN like Dukascopy,where you have freedom to trade , scalp, place limit orders as close as 3 pips to the price action, not 60 pips away ether side of it , this are some of the things that make a difference in making money or losing money, they charge commission but you can claim rebate from the introducing bookers like( grandforex.net) they pay 35% back to you whether your trades win or lose. Ok enough of this the next thing is hove you know when to enter the market and when to exit , I use the simple method ,just straight lines , I marked the channels, higher highs , and lover lows , then just one long line to shove me the trend , I will draw the long line from the top , the highest peaks and just touching all the highest peaks ,say down trend , on the way down , the next thing I use is Fibbonachi retracement levels , or pivot points, the indicator I use is slow stochastic, 10,3,3 settings , this gives me a good idea whether the currency is overbought or oversold , now the best part , the rules of entry .
If the trend is downward and the price touches my line , if the stochastic is in overbought territory , and our trend line is not crossed , we take a short position, IF the trend line is crossed over, Upwards there is no trade. and the opposite for long position , take profit is at the highest price peak at end of each 1 hour bar, there is more , so if you guys want to know about my profitable method , live your email and I will send you some snapshots of charts with more details explaining hove to profit in forex, it is free , I like to share it as I know what it was like when I started ,
