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Can you become millionaire through expert advisors?
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100MDC

Member Since Nov 06, 2019  3 posts 100MDC Dec 30 2019 at 15:50
Since expert advisors take out the emotion of trading, do you think you can become rich trading with robots?

Get Rich Or Die Crying!
100MDC

Member Since Nov 06, 2019  3 posts 100MDC Dec 30 2019 at 15:52
And if so, do you trade one currency pair or do you mix it up?

Get Rich Or Die Crying!
figfilli

Member Since Dec 20, 2019  11 posts figfilli Dec 30 2019 at 17:02
One EA that really and truly works only on 1 pair will be enough to make serious profit. Problem is finding that EA that really works long term

Marketmultitool

Member Since Dec 19, 2019  45 posts Marketmultitool Dec 30 2019 at 18:05
Better to have a portfolio ,signals change in one pair over time ,besides easier to trade Stocks in a Bull market ,plus way better gains .

Strength and honor.
rickyb

Member Since Oct 23, 2014  55 posts rickyb Dec 30 2019 at 19:07
i have excellent rewards trading ea first on the 28 major pairs and crosses testing on myfxbook. then hand picking pairs with best results.also take care if possible to have at least 1 currency of each of the big 8 pairs;so you capture any big movements across market.sometimes you can get just 4 pairs that cover them all but not often.trading 1 pair is not good as you get too many slow days.then you end up changing settings to get more trades and lose.

100MDC

Member Since Nov 06, 2019  3 posts 100MDC Dec 31 2019 at 11:44
Thanks for your answers. I was on the same thought that EA's give you the highest possibility of succeeding since there is no emotion attached. I have developed an EA that I'm continuously optimizing for better results and to dodge disaster.

I'll let you guys know my results. This month I'm up 28% or something.

Thanks for your replies.

Get Rich Or Die Crying!
Marketmultitool

Member Since Dec 19, 2019  45 posts Marketmultitool Dec 31 2019 at 13:43
Unless you are going to trade one pair around a major news event like Brexit
As for emotions ,keep risk Low with high reward type trades
Use Long term multi time frames to examine direction.
  

Strength and honor.
Treeny

Member Since Feb 08, 2019  102 posts Treeny Jan 12 at 20:34
100MDC posted:
Thanks for your answers. I was on the same thought that EA's give you the highest possibility of succeeding since there is no emotion attached. I have developed an EA that I'm continuously optimizing for better results and to dodge disaster.

I'll let you guys know my results. This month I'm up 28% or something.

Thanks for your replies.


28% is good for one month. The hard bit is maintaining that strike rate

Nasrul_Swing

Member Since Feb 28, 2019  104 posts Nasrul (Nasrul_Swing) Jan 13 at 02:34
Manual or EA does not matter.
Just make sure that, you trade with wise money management, and ready to accept the losses.
I'm using EAs that I make it myself.
One is Eurmas which is trade only at EURUSD and another one is Egymas, which is trade only at EURJPY & GBPJPY.
Both built in with hidden SL.
These EAs were available at MQL5 to be copied.

Automated with Stop Loss.
Sagarmatha

Member Since Sep 26, 2018  9 posts Sagarmatha Jan 13 at 16:34
I think that if you find the right EA then you can be millionaire but it will be tough to make it

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EURUSD 1.10261 GBPUSD 1.30719
USDJPY 109.285 USDCAD 1.31473

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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.