Codammanus-2014
Recruit
- Messages
- 2
Greetings to all, and thank you for this informative place!
I am a bit anxious to share my recent experience, so mods, if I mess up (rules) please kindly move, excuse, remove. I wanted to post my findings with a certain robot, settings that I got for free with the bot, and a broker that is reportedly honest, but I swear something is fishy. Or so it seems. Probably, I just didn't know what i was doing.
So, I have included a few screenshots to illustrate my adventure. I stared with $500 and then dropped in another $200, which with this particular broker, I loss some cash to paypal. I was on a role with the bot (FapTurbo) and as you can see, things were going good. I was actually up about $90-$100 dollars in a matter of days. I was happy.
Then came a huge loss of about $82.00. I decided to see what I could do on my own. (I could not do worse right???). I also wanted to test what I was learning about forex overall. Information is best understood (in my experience) once it is applied, whether there are mistakes that occur or not.
I was doing some really impressive maneuvers (which some may call beginner's luck) until I made a bad move and lost a lot of money. The only thing is that the MT4 seemed to do it for me. Close my deals without my say so. Then I went back and checked what I knew about S/L and T/P and also find out something interesting about a phenomena known as "Stop loss hunting" and market manipulation. I think, I think I was a victim of this, but I won't be hasty.
All replies and comments welcome. See the screenshots for more info.
As of the writing of this post, my account which started at $682 is now at $309. It was at $790 at the highest point.
So, it has been very much a rollercoaster of education in the school of hard-knocks. My wife warned me when I started tinkering with the machine. "Leave it alone sweetie. Let the ROBOT DO IT." Should have listened to my wife!!!!
Oh, and it is easier for me to relate in my home currency USD as opposed to pips, points, etc. (Maybe that's the problem)???
Thanks,
Coda.
"For stop-loss hunting to occur, the financial institutions will need to buy (or sell) a large volume of currency before prices can move in the direction that the institutional traders want them to."
something is fishy in my opinion. The same thing "mystery loss" just happened again. I'm going to let FapTurbo slowly make back my money. This sucks.
"Stop loss hunting is one of the ways they use to do that. They have some special robots or hire and train some employees who monitor the clients trades. When a client takes a position and sets a stop loss and the market goes against the position and becomes so close to the stop loss, the robot or the stop loss hunter employee increases the spread manually to help the market hit the stop loss sooner."
I am a bit anxious to share my recent experience, so mods, if I mess up (rules) please kindly move, excuse, remove. I wanted to post my findings with a certain robot, settings that I got for free with the bot, and a broker that is reportedly honest, but I swear something is fishy. Or so it seems. Probably, I just didn't know what i was doing.
So, I have included a few screenshots to illustrate my adventure. I stared with $500 and then dropped in another $200, which with this particular broker, I loss some cash to paypal. I was on a role with the bot (FapTurbo) and as you can see, things were going good. I was actually up about $90-$100 dollars in a matter of days. I was happy.
Then came a huge loss of about $82.00. I decided to see what I could do on my own. (I could not do worse right???). I also wanted to test what I was learning about forex overall. Information is best understood (in my experience) once it is applied, whether there are mistakes that occur or not.
I was doing some really impressive maneuvers (which some may call beginner's luck) until I made a bad move and lost a lot of money. The only thing is that the MT4 seemed to do it for me. Close my deals without my say so. Then I went back and checked what I knew about S/L and T/P and also find out something interesting about a phenomena known as "Stop loss hunting" and market manipulation. I think, I think I was a victim of this, but I won't be hasty.
All replies and comments welcome. See the screenshots for more info.
As of the writing of this post, my account which started at $682 is now at $309. It was at $790 at the highest point.
So, it has been very much a rollercoaster of education in the school of hard-knocks. My wife warned me when I started tinkering with the machine. "Leave it alone sweetie. Let the ROBOT DO IT." Should have listened to my wife!!!!
Oh, and it is easier for me to relate in my home currency USD as opposed to pips, points, etc. (Maybe that's the problem)???
Thanks,
Coda.
"For stop-loss hunting to occur, the financial institutions will need to buy (or sell) a large volume of currency before prices can move in the direction that the institutional traders want them to."
something is fishy in my opinion. The same thing "mystery loss" just happened again. I'm going to let FapTurbo slowly make back my money. This sucks.
"Stop loss hunting is one of the ways they use to do that. They have some special robots or hire and train some employees who monitor the clients trades. When a client takes a position and sets a stop loss and the market goes against the position and becomes so close to the stop loss, the robot or the stop loss hunter employee increases the spread manually to help the market hit the stop loss sooner."
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