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Investing in Forex
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Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Sep 06 at 19:37
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
jaredtaylor

Member Since Aug 05, 2019  20 posts jaredtaylor Sep 12 at 06:01
Greenwood posted:
So many people don't seem to have any patience when trading....then they wonder why they blow their acount


I agree…Many traders enter the forex market every day, but many of them fail because they focus too much time on creating just the trading strategies which leaves them with little or no energy to develop proper discipline and they let emotions rule their mind.

TaloR_11

Member Since Apr 13, 2018  22 posts Kel Freeman (TaloR_11) Sep 12 at 08:09
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.

Be in time
burstfiltering

Member Since Sep 12, 2019  3 posts burstfiltering Sep 12 at 08:39
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot

Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Sep 12 at 10:32
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.


Properly designed automated systems require minimal if any human interaction.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Sep 12 at 10:32
burstfiltering posted:
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot


WRONG.
Properly built automated systems work across ALL market conditions.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Prest

Member Since Feb 05, 2019  19 posts Richard Rest (Prest) Sep 16 at 11:30
Professional4X posted:
burstfiltering posted:
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot


WRONG.
Properly built automated systems work across ALL market conditions.


Is there on myfxbook any of such system? I have never seen the EA that works with any conditions.

my experience is my profit
Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Sep 16 at 17:18
Prest posted:
Professional4X posted:
burstfiltering posted:
TaloR_11 posted:
Professional4X posted:
pullpotential posted:
It is impossible to avoid emotions we are all human. you need to put structures and strategy in place so that emotion can be controlled controlled


If you have problems controlling emotions during your trading, then you should automate those systems where emotions are impacting you.


automated systems need to be controlled and adjusted according to the market. so, robot trading includes some human interruptions.



True point. Most people do not understand this. A robot is designed for specific market conditions. These conditions may change and it is when this happens that a human must adjust or remove the robot


WRONG.
Properly built automated systems work across ALL market conditions.


Is there on myfxbook any of such system? I have never seen the EA that works with any conditions.


They exist.

But you aren't going to find people selling them for $99,95 or whatever absurd price people are willing to pay for a hyped up EA.

Ask yourself a simple question, if you had an automated system that no one else has, that is constantly and consistently making you a solid profit across all market conditions, why would anyone sell it? They wouldn't. Why sell something worth BILLIONS of dollars possibly in profits.

The answer is simple, NO, You wont find it on MyFXBook or any place else available to the general public,

They exist in private collections, built by Quants and Developers that know what they are doing. If you want one of those kinds of systems, then you have to be prepared to devote years of your life developing them and a considerable amount of money to get them, and you have to actually know what you are doing.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
Professional4X

Member Since Jan 05, 2016  968 posts Professional4X Sep 16 at 17:49
Even systems that work across all market conditions lose trades. They aren't the Mythical 'Holy Grail', those simply do not exist, The closest you will get to a pure win only system, is by using latency arbitrage. And while that would work, your broker will quickly catch on, and they'll freeze your account. There are systems that do exist that will make profits across all market conditions. But, as I've said you simply won't find them being sold for $99,95 or whatever. Why WOULD they sell them? They'd have no need for anyone to give them money, they would be extremely wealthy, or at least well off enough to never need to sell it.

If it looks too good to be true, it's probably a scam! Let the buyer beware.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.