I decided to do a little more research and so I went to the internet wayback machine to see if the results have changed since 2010. I’m sure it’s no surprise to you, but they haven’t. The exact same backtest and story was being used when this software was first being promoted in 2010. That doesn’t mean that it’s a bad EA necessarily but it’s not positive that the only piece of proof provided is from 6 years ago.
At the beginniung FAPTurbo was using much too big Take profit targets which were never reached and very big stop losses at the same time which were oftenreached. That was leading to very big losses even when the trade was running into profits at first. The Robot often did not reach the profit targets and then markets turned around to end in a final huge loss.
imply, because there are so many people that life treated unfairly, and I felt that this simple way of earnings, must be shared all over the world. Please understand, helping others doesn't make me earn any more or any less , it only makes me feel good knowing others can have a good life, going with their families on vacation, spending more time at home with their kids, and buying whatever they want.
Automated Forex trading software is a PC program that analyses currency price charts, as well as other market activity. It determines the signals, it tracks spread discrepancies, and trends in price and news that may affect the market, in order to locate potentially beneficial currency pair trades. For instance, a software program will utilise criteria that the user sets, and will determine a currency pair trade that satisfies the predefined parameters for profitability, and it will also broadcast a purchase or sell alert. On this alert, the software can be programmed to automatically carry out the trade.
In February 2015 released an update to its TradeStation Platform – a real time volume indicator. Forex Bonus Lab feels that it was probably one of the last updates the development team got to release. This update was neither a major one or a useful one, as the indication of the volume is only shown for FXCM’s accounts. In other words, the indicated volume vs real volume is just a mouse compared to an elephant.
Back-testing – Always look for a Forex trading robot that has been back-tested on various currency pairs, and in a variety of market conditions. Failure to do so will potentially mean you’re flushing all your hard earned cash down the pan. Back-testing will show you how the program would have functioned in different market conditions such as high and low volatility, announcements, and important news. It will also indicate possible losses, wins, maximum drawdown, and the risk and reward that are possible. A genuine robot merchant shouldn’t mind if you choose to do the back-testing yourself. But if they do then this is a sure fire sign that the robot is really pretty worthless.
Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). While US-based traders aren’t allowed to open Plus500 accounts, traders in Europe, Asia, and Australia can enjoy the myriad of perks this broker offers. For starters, the minimum deposit for Plus500 is $100, which is lower than what other regulated brokers require. They offer a decent 300:1 leverage that can be used to trade 50 currency pairs including EUR/USD and USD/JPY.
In the early 2000s, a fine line used to exist: brokers were most often concentrated on offering just one asset, for example forex, to their customers. However, today trading platforms are no longer just for trading forex, stocks, or futures; instead, multi-asset offerings are now industry standards among all the largest online brokers. That said, the range of products and markets you can trade still varies considerably across firms.
One of my friends has developed an EA which is able to plot support/resistance lines on the charts. It doesn’t take any positions at all. So it is not an auto-trading robot. It just plots the lines. He wants to share it on LuckScout for free. It is a while that I am checking it to see if it is good enough to be shared on the site, and I have come to this conclusion that it can help novice traders learn technical analysis much easier and better. So I have decided to share it on the site. This is also the example of a good “white hat” robot. So in general I agree with you that some robots can help.
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