Forex bot reddit

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