Forex bot reddit

Forex bot reddit. r/Forex. I suggest you do not use any type of Forex Bot. There are some you can trust, do research the bot before using it. and keep buying more every 1% the price goes down. It’s 2 different bots technically and they are both free. Hahaha Welcome to FXGears. My total net profit has been NZD 15,000 in seven months, which averages out to about NZD 714 per week. they buy a tiny position, if the market goes up 1% they sell. 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. I built this from watching Youtube manual-trade strategies. 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. A place to discuss forex strategy, ideas, analysis, and concepts. Date of experience: March 17, 2024 r/Forex. Is gewoon een gevalletje van als iets te mooi is om waar te zijn is het dat meestal ook. It is man-made therefore it is flawed. -_-) to trade Forex is basically the equivalent of burning your money in a pile because your hands are cold. Defining your trading style and approach. Adding to this - it's best if you can backtest with ample data on a spreadsheet first. I invested $185,000. moneymobley305. Still the human mind rule the game. 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. There's a fine line between Artificial Intelligence and Artificial Stupidity. Beware of recovery scam. I. 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. When I tried to trade FOREX live, TD Ameritrade said I had to apply for margin and options approval (Options Level 2). CryptoRocket - Best Forex Robot for private crypto and forex CFD trading. Het aansmeren van Forex bots is helemaal niet nieuw. 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. Oct 19, 2022 · Below we’ll conduct an in-depth analysis of each of these forex trading bots, their pricing and how they work. 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. Can't do that manually. Or pay a person. Your average profit of $537. Posted by u/ResolveComplete7488 - 1 vote and 1 comment OANDA has a better mobile app. Right now I think I’m am going to hire a freelancer to just code the mechanism that will make the physical trade. in other words, extremely stupid. Get the Reddit app Scan this QR code to download the app now. 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. 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. 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. js app running 24/7 on a cheap ubuntu server. •. 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. When I asked the rep how I can get the option 2 approval he Welcome to FXGears. Mas6326 • 1 min. in Pionex almost a year ago and accumulated over $4,000,000. Automatic lahat. 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. The most reliable info in my experience tends to be the most recent support and resistance trend lines. I also lost $$$ testing out other bots, even after doing extensive due diligence. Hopefully somewhat more advanced than the content on other forex subs, but questions are always welcome. com hosts and moderates our chatroom, and runs Volatility Welcome to FXGears. It is entirely up to the trader to decide where he/she wants to invest money, but in my opinion, forex is better than stocks as well as crypto because it offers faster profits compared to stocks and is less vulnerable than crypto. Troy_304 • 4 mo. But so far it's worked. MoneyBagsH20 • 1 yr. TD Ameritrade FOREX Bot. Creating a strategy for your algorithmic trading bot – Part 2 - Creating a dynamic strategy with JSON for trading part 2. I have tried about 10 different bots so far ( all paid $$ for) and have 2 additional ones I use. 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. S. I decided to withdrawal all of it to be able to distribute to my grandchildren. Endless value in the crypto and general trading spaces as well. if the market goes down 1% then they buy more. 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. 4. 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. Making a simple strategy isn't that bad, just time consuming. Dynamically calculate lot size for your algorithmic trading bot - Dynamically calculate your position size based on account size and risk. PsychologicalSong661 • 2 yr. Simulated trading practice. I took a different route to deal with the real-time level-2 data but like you mentioned below that it took forever. Problem w the bot, e parameters ang buy and sell. But as a crypto broker they cannot be approved by CFTC. 6. I've seen many bots stop working after 3-6 months of live testing. Firstly, if someone had such a money stick they'd use it to trade - not sell it. TA lahat ng happening. 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. Creating a trading plan and strategy. OANDA can be linked to tradingview and you can manage your positions from tradingview account. They work great as long as you dont implement a crazy recovery trade like most have. When I jumped through all the hoops it took to be ready to withdrawal it came back that I needed to pay $56,000. space - Realistic results - Low Drawdown - 0. Forex Fury – Overall Best Forex Trading Bot in 2024. Ideally this would be a limit buy order, and then the bot should be programmed to “wait” until it fills. Else you use a demo account to check the bot first before blow it. 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. Articles, links, etc are all welcome. I use a modified version of the OANDA-Adapter by cloud9trader, but Oanda's API isn't hard to deal with directly. 2. MoldyKumquat7. CryptoRocket is a crypto, forex, and CFD broker based in St. If someone makes a forex signals group 99% of the time it’s gonna be a scam. Especially when it’s all made up. A small account of $600 can be converted to 60000 cents, if you want to use a real account. I mean 4% passive income monthly that’s awesome. Risking 3% means you are willing to lose $60 per trade. The community for Old School RuneScape discussion on Reddit. I was approved for margin, but got rejected for options level 2. Reply reply. Dec 16, 2021 · An old point-spread forex scam was based on computer manipulation of bid-ask spreads. There are entire professions dedicated to algo trading, like quants, and machine learning etc. It’s a one-time payment membership to use a Forex Fury’s bot on MetaTrader’s 4 or 5 gen platform. 1. 1% fees per transaction. Identifying your trading goals and objectives. It supposed to make only a few hundred a week with a 50k minimum account. 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. Siya mag eexecute. Also, don't trade it unless you have a thoroughly back and forward tested strategy. Sometimes it may win and make profits, but it will always be inconsistent. . Access valuable market insights and analysis from Forex Fury's team of analysts, helping you to stay ahead of market trends and developments. I think that the Waka Waka expert advisor is one of the best forex robots that is commercially available for retail traders to use. 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. Forex growth bot is one of the few to have any longevity, I'd look at that for reference. 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. Vincent and the Grenadine. 70% of all trading is done through algorythms. It is not easy to find and develop profitable systems, but there are a few that are actually great. Broker is OANDA, using their REST API. Currently gaining about 5% a month using their bot and making much more using their bot as a signal service for my own trades. Be cautious of platforms that make unrealistic promises or guarantees of profits. alienpoop_. Drop me a DM, the one i use is pretty good. I can use those to consistently spot reversals on lower time frames and use higher time frames to gauge strength and significance. You will lose every dollar. FOREX trading on TD Ameritrade. 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. Then market conditions change, they fail to adapt, and take large losses. Hey everyone, Recently I coded an algorithm for day trading currencies. com, a trading forum run by professional traders. Paper trading with real-time market data. Getting it right based on past data is relatively straightforward. 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. as soon as the price rebounds enough to give me 1% gain on my average entry (plus fees) the bots close my position. My bots are stupid simple. Cannot imagine the stress of manually trading on the BlockG0x. a bot made with ChatGPT (A. 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. The IRS is experiencing significant and extended delays in processing - everything. Remember to conduct thorough research and due diligence before investing in any AI Forex trading platform or bot. I have been trading paper FOREX for a few months now on Think or Swim. 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. The best prop firm besides FTMO AID The Funded Trader In my option. For me, fundamental trader is giving persistent profit. YouTube videos about that are clickbait bullshit designed to get views because of how popular AI and ChatGPT is right now. Automatic bot trading is just executing whatever trading program you give it automatically and without your input. 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. and International, Federal, State, or local. 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. In general, you need super solid money management when it comes to forex because of the high leverage. And yeah, it was bogus, and frankly, my current backtesting bot may be just as bogus. Akala ng lahat TA is all the matter. Backtesting and analyzing your trading plan. It's the best starting point for anybody. Bot in fx is normal pero dapat makahanap ka ng seller na legit bot. Problem in today’s world. On this community our goal is to share most latest forex trading manual and automated strategies. Don't post questions related to that here, please. It's just like out In the wild. Welcome to FXGears. services to those that don't know any better. This is a community for forex traders from all backgrounds and trading experience. 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. Main difference is a bot can run 24/5 in the background, can run it against multiple pairs simultaneously on on multiple time frames. Secondly, look at the returns of professional hedge-funds. i never had an issue with the one i use. onearmedbanditto. Realistic profits aims for 10% monthly returns. 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. 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. Anyway, di ko po inopen ang tiktok and fb at no to socmed as much as 4. Ask for as much information as possible and ensure the claims made by the platform are supported with evidence and verifiable data. 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). ) I have the bot running smoothly at the moment with long positions. Forex and bot trading you need guidance and very much buyer Welcome to FXGears. It cannot do *trading magic* and the idea that you could buy a bot for $50 or $50,000 and just sit back and let it make you money is silly. astroforex. Thanks for the tip! Trey, Thank you for posting your awesome work! I am a software engineer myself and I really admire your ideas. The cheapest bitcoin platform I’ve seen charges 0. Work with great custom indies and make a combo like a manual algo then automate it. If u have a good trading plan that works the. Welcome to MarketScreen – Navigating the Financial Markets Together! 📈 MarketScreen is your go-to subreddit for discussing everything related to stocks, trading, and investment strategies. FXGears. Automating it can be a way to free up your time to do other things. • 8 mo. I ran a bot for 2 months before I started it on a no time limit challange. 4 per day is truly enviable! I've also been using Galileo FX Pro for about seven months now, and like you, I've found it to be a reliable tool for passive income. No. YourLocalDealer. Plus some guys autocopier signals made 36$ too. 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. 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. 1 month is too short to test. I’ve been using the algorithms to trade forex since October 2022 and it’s been a life changing experience. At that level you can have a trade stop loss at -200 pips and only lose $20. Bot is an unimpressive node. 90% is L2 and order tape. then they start again. haha, so this is actually my second time making the same exact backtesting 'bot'. 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. 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. It can automate a repetitive task and follow instructions accurately. 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. Bots = tricky but definitely out there. Hey! New to the world of trading, particularly forex. www. Please see a selection of my personal top forex robots based on many years of testing thousands of robots. Waka Waka EA. free forex robot. And I'm test many more which is also good. Weeks 15-16: Developing Your Trading Plan. If your average trade profit is 20 pips, that's a fair chunk of profit. ago • Stickied comment. Plus your broker needs to allow it. 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. Many internet robots promising thousands of percents daily, absolute bullshits that’s not even realistic. OANDA account can be linked to myFxbook easily, IG account cannot be linked directly and embedded journal/stats feature is a bit poor. 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. 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. Is Manara a great Forex Application? Discussion. 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. Make your own bot based on your rules. Trash. One is very much similar to Nurp at 1/20 the cost, the other uses a different strategy and is doing well. Zowel via blogs, advertenties, fora, Reddit, Facebook, Ik herinner dat +10 jaar geleden ook al tegen te komen. Weeks 17-18: Practice Trading. MOD • 4 mo. MetaTrader isn’t on our list so you’ll need to get it separately, but it’s free, don’t worry. r/algotrading but it's way over my head. 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. 4K subscribers in the FOREXTRADING community. (It does a lot more than this, but for the sake of brevity. The point spread between the bid and ask basically reflects the commission of a back-and-forth transaction Welcome to FXGears. ago. The rules are highly customizable and should match your trading strategy. 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. Torobase is a crypto broker. I have no idea who is executing their forex trade. more to be able to make the withdrawal. The broker uses Straight Through Processing (STP) execution which removes the conflict of interest between the broker and traders. The name says it all, but don’t judge too quickly because Forex Fury is not your average trading platform. Send messages from Python to Slack - Sending open trade/close trade alerts to slack. sg ad yj zk ft zd ab us im pp