Forex bot reddit

Forex bot reddit. CryptoRocket - Best Forex Robot for private crypto and forex CFD trading. MetaTrader isn’t on our list so you’ll need to get it separately, but it’s free, don’t worry. space - Realistic results - Low Drawdown - 0. But the guy who complain, is not educated enough about forex and maybe configured the bot to use 1 Lot and open huge positions and the small account of $600 was blown very fast. Sometimes it may win and make profits, but it will always be inconsistent. Firstly, if someone had such a money stick they'd use it to trade - not sell it. as soon as the price rebounds enough to give me 1% gain on my average entry (plus fees) the bots close my position. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. The cheapest bitcoin platform I’ve seen charges 0. My total net profit has been NZD 15,000 in seven months, which averages out to about NZD 714 per week. Your average profit of $537. 6. Work with great custom indies and make a combo like a manual algo then automate it. Date of experience: February I started trading forex last year and now I am starting to learn to code in college and I really love trading so I am trying to do something using my “forex knowledge”and apply the new skills that I am learning. In general, you need super solid money management when it comes to forex because of the high leverage. It can automate a repetitive task and follow instructions accurately. Bot doesn't get tired, need to sleep, is emotionless and won't make stupid mistakes when there is a large amount of capital at risk. Forex trading Robots and various Expert Advisors! If too many big trucks take the same route you end up getting into bottlenecks - in forex this means slippage, so you can lose 3-4 pips perhaps, if the system was widely used enough. Problem w the bot, e parameters ang buy and sell. alienpoop_. TA lahat ng happening. I say that because they have great customer service, cheaper prices than FTMO, great community and the owner engages with the the traders and does give a ways and discounts very often. •. com hosts and moderates our chatroom, and runs Volatility Welcome to FXGears. Automating it can be a way to free up your time to do other things. That way you'd know where / which parameters are most sensitive to change, and which params would help your bot reach its goal more predictably and consistently. Beware of recovery scam. 4. The best case scenario for your bot is to hit the top of your parameters and then the bottom of your parameters and Where are you getting the signals from? It is likely there is a bit sending the signals, so if you can find out what system the bot is working from then it is highly possible you could code your own. 2. My bots are stupid simple. This process is looped-through every few minutes, and when a buy is recommended, the most current data on that stock is used to execute an order through a broker API. then they start again. This is obviously more difficult than it sounds, but it's a starting point to get you thinking on the subject astro forex bot For more information, performance proofs and our contacts, please visit our website. It's just like out In the wild. 70% of all trading is done through algorythms. I was wondering if anyone has ever used Manara to trade forex and how reliable is the company, eaconomy, that offers the Manara application? Sort by: AutoModerator. Plus some guys autocopier signals made 36$ too. Getting it right based on past data is relatively straightforward. Is Manara a great Forex Application? Discussion. Ask for as much information as possible and ensure the claims made by the platform are supported with evidence and verifiable data. I can use those to consistently spot reversals on lower time frames and use higher time frames to gauge strength and significance. haha, so this is actually my second time making the same exact backtesting 'bot'. But so far it's worked. MoneyBagsH20 • 1 yr. com, a trading forum run by professional traders. Currently gaining about 5% a month using their bot and making much more using their bot as a signal service for my own trades. Learn2Trade – Get 3-5 Mar 28, 2023 · A forex trading bot, or trading robot, is an informal name for algorithmic software that automates forex trades based on pre-determined logic. For me, fundamental trader is giving persistent profit. No. Or check it out in the app stores Best Forex Bot 2024 : Automated Trading Robot for MT4 with LIVE For Filipinos interested in stocks, bonds, mutual funds, ETFs, forex, crypto, banking, business, insurance, and any other topic related to investing money, making money, or growing money in the Philippines. Weeks 15-16: Developing Your Trading Plan. Is gewoon een gevalletje van als iets te mooi is om waar te zijn is het dat meestal ook. I am constantly developing new EA's and trying to think outside the box, most times coming up blank with terrible back test results, but you learn a lot along the way. Risking 3% means you are willing to lose $60 per trade. Also, don't trade it unless you have a thoroughly back and forward tested strategy. r/Forex and its sidebar info! good AI Forex bot Don't waste your time, good bots aren't publicly available and they're all overfitted crap bots. Simulated trading practice. r/algotrading but it's way over my head. Right now I think I’m am going to hire a freelancer to just code the mechanism that will make the physical trade. Thanks for the tip! Trey, Thank you for posting your awesome work! I am a software engineer myself and I really admire your ideas. Reply reply. 1. Realistic profits aims for 10% monthly returns. Join us for game discussions, tips and tricks, and all things OSRS! OSRS is the official legacy version of RuneScape, the largest free-to-play MMORPG. astroforex. Bot does high level chart analysis 24/7 across 21 different currency pairs Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. In general most of these bots can pick apart rangebound markets, but add to losing trades and push their margins when directional moves are put in. The broker uses Straight Through Processing (STP) execution which removes the conflict of interest between the broker and traders. PsychologicalSong661 • 2 yr. Het aansmeren van Forex bots is helemaal niet nieuw. Mas6326 • 1 min. YouTube videos about that are clickbait bullshit designed to get views because of how popular AI and ChatGPT is right now. Make your own bot based on your rules. There are some you can trust, do research the bot before using it. A small account of $600 can be converted to 60000 cents, if you want to use a real account. Creating a trading plan and strategy. And I'm test many more which is also good. When I jumped through all the hoops it took to be ready to withdrawal it came back that I needed to pay $56,000. Send messages from Python to Slack - Sending open trade/close trade alerts to slack. Akala ng lahat TA is all the matter. js app running 24/7 on a cheap ubuntu server. Drop me a DM, the one i use is pretty good. Anyway, di ko po inopen ang tiktok and fb at no to socmed as much as 4. You get CarinaBot for free for 3 months and you can see if it works or not on your own trading account, and I am telling you, this robot works hell great. The name says it all, but don’t judge too quickly because Forex Fury is not your average trading platform. It supposed to make only a few hundred a week with a 50k minimum account. Since it's relatively easy to code a bot that trades based on short-term technical indicators, you'll find plenty of people selling bullshit $99/mo. MOD • 4 mo. Backtesting and analyzing your trading plan. Bots = tricky but definitely out there. Oct 19, 2022 · Below we’ll conduct an in-depth analysis of each of these forex trading bots, their pricing and how they work. It’s a one-time payment membership to use a Forex Fury’s bot on MetaTrader’s 4 or 5 gen platform. Sep 24, 2023 · The top 5 Forex bots of 2021, including Forex Robotron, Forex Fury, Forex Diamond, Forex Flex EA, and Forex Steam, offer a wide range of features and capabilities to suit different trading styles. in other words, extremely stupid. I took a different route to deal with the real-time level-2 data but like you mentioned below that it took forever. I've seen many bots stop working after 3-6 months of live testing. Access valuable market insights and analysis from Forex Fury's team of analysts, helping you to stay ahead of market trends and developments. Else you use a demo account to check the bot first before blow it. ago. CryptoRocket is a crypto, forex, and CFD broker based in St. Get the Reddit app Scan this QR code to download the app now. (It does a lot more than this, but for the sake of brevity. Hey! New to the world of trading, particularly forex. they buy a tiny position, if the market goes up 1% they sell. Everything about My friend just mentioned he and his brother met this apparently ''rich man'' while working that mentioned they should join this forex scheme where they get a 100k loan from a company (after showing proof they could make 10% profits in a week on a paper trading metatrader account, which this rich man did the trades for them to reach that requirement) and he would give them a forex bot that Welcome to FXGears. I suggest you do not use any type of Forex Bot. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction Welcome to FXGears. 4 per day is truly enviable! I've also been using Galileo FX Pro for about seven months now, and like you, I've found it to be a reliable tool for passive income. ago • Stickied comment. I have been trading paper FOREX for a few months now on Think or Swim. Torobase is a crypto broker. Adding to this - it's best if you can backtest with ample data on a spreadsheet first. Forex and bot trading you need guidance and very much buyer Welcome to FXGears. They work great as long as you dont implement a crazy recovery trade like most have. Zowel via blogs, advertenties, fora, Reddit, Facebook, Ik herinner dat +10 jaar geleden ook al tegen te komen. 1% fees per transaction. I learned this from this guy named TradePro on Youtube (great reviews of strategies) Usual entry/exit strategy: my bot takes entries based on a very simple few indicators. I decided to withdrawal all of it to be able to distribute to my grandchildren. and International, Federal, State, or local. It is entirely up to the trader to decide where he/she wants to invest money, but in my opinion, forex is better than stocks as well as crypto because it offers faster profits compared to stocks and is less vulnerable than crypto. I mean 4% passive income monthly that’s awesome. Then market conditions change, they fail to adapt, and take large losses. Trash. The other thing is maximising revenue- is selling copies of a bot for $100 really going to Favorite assets: I trade any of the 28 major/minor pairs that have setups. YourLocalDealer. Hey everyone, Recently I coded an algorithm for day trading currencies. Defining your trading style and approach. Articles, links, etc are all welcome. One is very much similar to Nurp at 1/20 the cost, the other uses a different strategy and is doing well. FOREX trading on TD Ameritrade. All this sounds a bit fishy, but I use Understand when your bot shows negative but you're still within your parameters you are still winning because when it recovers back to your entry price you will be positive (meanwhile those who bought and held are breaking even). Date of experience: March 17, 2024 r/Forex. in Pionex almost a year ago and accumulated over $4,000,000. 1 month is too short to test. Posted by u/ResolveComplete7488 - 1 vote and 1 comment OANDA has a better mobile app. • 8 mo. You will lose every dollar. i never had an issue with the one i use. Hahaha Welcome to FXGears. The IRS is experiencing significant and extended delays in processing - everything. If u have a good trading plan that works the. moneymobley305. Troy_304 • 4 mo. Identifying your trading goals and objectives. Especially when it’s all made up. I think that the Waka Waka expert advisor is one of the best forex robots that is commercially available for retail traders to use. When I asked the rep how I can get the option 2 approval he Welcome to FXGears. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. I’ve been using the algorithms to trade forex since October 2022 and it’s been a life changing experience. Additionally, if you SL 20 trades in a row you are only down $200 (or 10% of your account) which isn't that difficult to recover from. There are entire professions dedicated to algo trading, like quants, and machine learning etc. Main difference is a bot can run 24/5 in the background, can run it against multiple pairs simultaneously on on multiple time frames. There's a fine line between Artificial Intelligence and Artificial Stupidity. It is man-made therefore it is flawed. Broker is OANDA, using their REST API. 4% - Over 757% - Low Risk On Each Trade - 2% Of Balance - 6 Indicatots Algo, - updated on every 4 months A monthly subscription would be quite profitable for a forex bot if ever legitimately created. However, it’s important to remember that no bot can guarantee profits, and traders should always exercise caution and perform thorough research Welcome to FXGears. Forex growth bot is one of the few to have any longevity, I'd look at that for reference. a bot made with ChatGPT (A. free forex robot. ) I have the bot running smoothly at the moment with long positions. Cannot imagine the stress of manually trading on the BlockG0x. Endless value in the crypto and general trading spaces as well. if the market goes down 1% then they buy more. I hadn't really coded much of anything my whole life but did understand syntaxes for a few languages to some degree and was able to code an EA (bot) for MetaTrader following a tutorial on found on their website to get a basic understanding of how to do it. -_-) to trade Forex is basically the equivalent of burning your money in a pile because your hands are cold. If your average trade profit is 20 pips, that's a fair chunk of profit. Bots on UpBots and Kucoin are the best in terms of performance with Upbots charging performance fees based on the wins of these bots which prioritizes the wins of the users. A place to discuss forex strategy, ideas, analysis, and concepts. Waka Waka EA. www. Dynamically calculate lot size for your algorithmic trading bot - Dynamically calculate your position size based on account size and risk. My bot comes online 15 minutes before market opens, pulls all my trades into it's local database and then spends the day monitoring the markets to enter and exit the trades and updating my trade journal for me. services to those that don't know any better. more to be able to make the withdrawal. S. The bot is not just for forex traders but even for people who don't have knowledge about forex but just want to get some passive income Once installed on your gadget it can give you $100-$200 bi-weekly depending on your capital For those who want to check it you can view the progress on the following mt5 accounts Welcome to FXGears. Still the human mind rule the game. But as a crypto broker they cannot be approved by CFTC. FXGears. Welcome to FXGears. 4K subscribers in the FOREXTRADING community. OANDA account can be linked to myFxbook easily, IG account cannot be linked directly and embedded journal/stats feature is a bit poor. Making a simple strategy isn't that bad, just time consuming. I use to think forex was fake but it was actually the Forex Recruiters and Academies that are fake , Forex is a real market with real money and Lots of money can be made ! r/Starfield • Been waiting for this game in almost 6 years Welcome to FXGears. I invested $185,000. At that level you can have a trade stop loss at -200 pips and only lose $20. Secondly, look at the returns of professional hedge-funds. Can't do that manually. Don't post questions related to that here, please. Bot is an unimpressive node. Siya mag eexecute. I was approved for margin, but got rejected for options level 2. Be cautious of platforms that make unrealistic promises or guarantees of profits. Problem in today’s world. It is not easy to find and develop profitable systems, but there are a few that are actually great. I have been running my own Forex robot for over 13+ months and still been quite profitable! In fact, average 7+% monthly gain and 70+% absolute gain. This is a community for forex traders from all backgrounds and trading experience. The community for Old School RuneScape discussion on Reddit. Many internet robots promising thousands of percents daily, absolute bullshits that’s not even realistic. MoldyKumquat7. TD Ameritrade FOREX Bot. These ‘trading bots’ are programmed to buy and sell currency pairs when specific signals are triggered by price action or an indicator or whatever else the trader may choose. I ran a bot for 2 months before I started it on a no time limit challange. OANDA can be linked to tradingview and you can manage your positions from tradingview account. Vincent and the Grenadine. Paper trading with real-time market data. I have tried about 10 different bots so far ( all paid $$ for) and have 2 additional ones I use. onearmedbanditto. I use a modified version of the OANDA-Adapter by cloud9trader, but Oanda's API isn't hard to deal with directly. The most reliable info in my experience tends to be the most recent support and resistance trend lines. CarinaBot has no obligation to be CFTC approved, as it is only a technology provider it is a Bot trading on your behalf using the broker (Torobase) API. When I tried to trade FOREX live, TD Ameritrade said I had to apply for margin and options approval (Options Level 2). Bot in fx is normal pero dapat makahanap ka ng seller na legit bot. and keep buying more every 1% the price goes down. Weeks 17-18: Practice Trading. If someone makes a forex signals group 99% of the time it’s gonna be a scam. I also lost $$$ testing out other bots, even after doing extensive due diligence. Creating a strategy for your algorithmic trading bot – Part 2 - Creating a dynamic strategy with JSON for trading part 2. Plus your broker needs to allow it. It's the best starting point for anybody. Please see a selection of my personal top forex robots based on many years of testing thousands of robots. On this community our goal is to share most latest forex trading manual and automated strategies. The best prop firm besides FTMO AID The Funded Trader In my option. Forex Fury is committed to continuous Forex Fury is committed to continuous improvement, regularly updating its platform and service to meat the evolving needs of traders. 90% is L2 and order tape. Ideally this would be a limit buy order, and then the bot should be programmed to “wait” until it fills. . Or pay a person. I built this from watching Youtube manual-trade strategies. The first time my backtesting bot claimed that over the past 3 year period I could make 50,000 pips of profit, and when plotted, it basically looked like a linear line like y=x. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. And yeah, it was bogus, and frankly, my current backtesting bot may be just as bogus. I’m a pretty busy guy and I don’t have enough capital myself for it to be worth my time to trade it myself. Remember to conduct thorough research and due diligence before investing in any AI Forex trading platform or bot. They are predators (the forex scammers) and then the scavengers ( the recovery "expert") the scavengers will play with your emotions telling you they feel for you and all they want is to do the right thing for you. It cannot do *trading magic* and the idea that you could buy a bot for $50 or $50,000 and just sit back and let it make you money is silly. Automatic bot trading is just executing whatever trading program you give it automatically and without your input. Automatic lahat. If they were as great as they say their are at finding the best signals, they wouldn’t bother making money on the side with these groups and would be instead killing it in the trades and focusing on making more money. r/Forex. I have no idea who is executing their forex trade. The rules are highly customizable and should match your trading strategy. It’s 2 different bots technically and they are both free. I. Forex Fury – Overall Best Forex Trading Bot in 2024. Dec 16, 2021 · An old point-spread forex scam was based on computer manipulation of bid-ask spreads. ld cn yw cp ag nq pq lp os wu