robot trading

[fxoday]

There are so many robot forexes in this industry, some of them for sale at a high price, but there are also free forex robots, if you are interested to trade with a free robot, one robot named *EA Tahan Banting* you can get it for free. but deposit account if use ECN recommended start with $4000-$6000 if you have $10.000, the rest is for backup.

 

[TheNewbieTrader]

hi i am using robot for trading
i must hold position down to 40 pip of loss on usdjpy for one trade
my account is 500 leverage
my balance is 600$
wath would the maximum trade size?
thank you.

Why do you have to hold for that long? Why even bother with EAs? You'll blow your account eventually.

 

[fxoday]

Using a robot if not understand how to set up a robot can endanger account trading, it possible ea using big lot size but the user can't realize if robot work start with 1 lot size as an example, I think set up to use 0.01 lot is the lowest position size to start trading for safe trading

 

[Androlen]

It actually depends on your trading strategy and the risks that you are ready to take.
There are lots of tools actually which help traders to calculate the size of the lot to trade. I've seen here on this forum a pip calculator which is based on excel. There are also other calculators which are available to the traders for free, so you can search them in the internet. Basically, traders prefer risk no more than 3% of their total budget. I still think that $600 is not enough for trading. I can undertand you if you just learn how to trade and you are going grasp the knowledge of trading right now, but you'd better not think of getting high profits with such sum of money. You'' either risk too much or your profits will be relly low which will discourage you from trading. There is nothing worse than getting paid extremely low for the huge work that you make and such a situation usually take place when traders deposit little money on their trading account.

 

[sebking1986]

Use a calculator but I would urge you to rethink the parameters as this seems unsustainable.

 

[HazerIdrak]

@blackice can you tell what broker you use? I have a bot to trade, but can not find a good broker to trade with

FPA Forums Team Note: This folder is a non-commercial area. Posting company recommendations here is a fast way to meet Spam Cat.

There are multiple threads about broker selection in the Forex Company Comparisons folder.

 

[fxoday]

There are so many free robot trading software out there, there are robot for metatrader 4 and also for metatrader 5, but choosing one good robot is not easy, there are good free ea namely dark venus.

 

[Marceloguedes]

I haven't considered robot trading but are they anything useful?

 

[bigdolly]

Yes but only if you build it yourself and knows ins and outs not only of implementation but underlying ideas too

I haven't considered robot trading but are they anything useful

 

[Marceloguedes]

Yes but only if you build it yourself and knows ins and outs not only of implementation but underlying ideas too

Ah, so you will need to do programming and coding?