Running Forex Robots during the Holidays

More and more people ask me, if I am going to run the forex robots during the holidays. Well, the answer is different depending on the robot. Certainly, the demo accounts will run in order to see what happens to the forex robots in this period. The Million Dollar Pips  trades the bigger short-term market movements, so I’m going to run it, maybe with a risk rate decreased to 1%. The WallStreet Forex robot will trade on one or two accounts, but only with minimal lots, just to see how it behaves. For more cautious traders, I would suggest to suspend trading from the 18th until January 6th. I will run Leo Trader Pro , but with smaller lot sizes, because if the developers consider it risky, it will not trade anyway. GridMeUpFx also runs on my live accounts, and I’m going to let it to work on one account during the holidays.

 

Twitter del.icio.us Digg Facebook linked-in Yahoo Buzz StumbleUpon

If I Think The Expert Advisor Opened A Position In The Wrong Direction, Or I Have Any Other Reasons, Shall I Intervene In The Trading Of The ea?

I personally do not recommend to touch the expert advisor when it is trading. Now, the ea trades or what? I run the demo ea until I am convinced that I can trust it. If this confidence is not developed, it is not my ea. If I intervened, I would never be sure, so would always watch it, and it would be the same as I would trade myself. If I trust the expert advisor, I let it do the same it did during demo: earn money.

No matter you trade with or without a forex robot, you only should send money to your Forex account, that would not be missing, if you lost it!

Twitter del.icio.us Digg Facebook linked-in Yahoo Buzz StumbleUpon

Is It Worth Using Expert Advisor Or Not?

Is it worth using EA or not? Is this the best business on the world? Why is not everyone doing it?

Take a quick look at the answers: if you want to earn money with Forex, then I think it is worth using forex robots, expert advisors if you do not want to sit at your computer all day and get excited whether you have to buy or sell now. I’ve been doing this and I could not keep a single manual trading strategy because of the emotions.

The answer to the second question is no, this is not the world’s best business; there are many good businesses out there, which can make bigger profits in appropriate hands, than Forex does. But since not everyone is aware of these opportunities, or if they know, they do not believe in them, do not dare to start them, therefore does not everyone deal with Forex either!

Of course, this is my opinion. A few years ago I could not imagine that it was possible to achieve a profit up to 100% during one night with options trading. Today I know a few people who have succeeded in this, I have not. At that time I did not know that properties can earn over 100% compared to other types of investment in a short period of time. Not to mention the opportunities that entrepreneurship provides. So, the earning over 100% provided by Forex deals in a year is not unique.

In case of expert advisors you must not think that the previous earnings published on their websites will necessarily be achieved in the future, because they cannot see into the future either.  With an appropriate group of robots, in my opinion, monthly returns of about 50% -100% may be achieved.

Twitter del.icio.us Digg Facebook linked-in Yahoo Buzz StumbleUpon