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Do you think you can turn $200 into $400 in six weeks?

togr (togr)
Aug 05 2014 at 19:52
4862 posts
andyl913 posted:
also, i'm not sure how consistent you can get with a bot - if a bot can make a lot of money, it probably has to be adjusted a lot. if you look at my profile, i'm working on some bots right now. but i always believe that manual trading is the best.


Well if you wrote some EA than you know that robot is consistent as it strictly follows defined rules.
On contrary manual trading is not as people do mistakes, have emotions or even sleep:)

VSASyndicate (VSASyndicate)
Aug 05 2014 at 19:55
73 posts
togr posted:
andyl913 posted:
also, i'm not sure how consistent you can get with a bot - if a bot can make a lot of money, it probably has to be adjusted a lot. if you look at my profile, i'm working on some bots right now. but i always believe that manual trading is the best.


Well if you wrote some EA than you know that robot is consistent as it strictly follows defined rules.
On contrary manual trading is not as people do mistakes, have emotions or even sleep:)


but those rules have to change when the market changes... part of what makes a good trader is knowing how to adapt to the ever evolving market... robots are great - here's one i''m working on today https://www.myfxbook.com/strategies/lcg-vivace-hft-scalper/68861

but more than likely i will have to make adjustments to it as market sentiment changes.

togr (togr)
Aug 05 2014 at 19:57
4862 posts
andyl913 posted:
togr posted:
andyl913 posted:
also, i'm not sure how consistent you can get with a bot - if a bot can make a lot of money, it probably has to be adjusted a lot. if you look at my profile, i'm working on some bots right now. but i always believe that manual trading is the best.


Well if you wrote some EA than you know that robot is consistent as it strictly follows defined rules.
On contrary manual trading is not as people do mistakes, have emotions or even sleep:)


but those rules have to change when the market changes... part of what makes a good trader is knowing how to adapt to the ever evolving market... robots are great - here's one i''m working on today https://www.myfxbook.com/strategies/lcg-vivace-hft-scalper/68861

but more than likely i will have to make adjustments to it as market sentiment changes.


well then how has the market changed and how would you adjust the system?

VSASyndicate (VSASyndicate)
Aug 05 2014 at 20:03
73 posts
well, you know the big bull move that GBP/JPY made that was 50,000+ pips? what about XAG/USD back in 2011? economic conditions change market sentiment too. that's why i have started focusing on building an EA that trades strictly off of price action and volume. it uses no indicators, and is not adjusted for fundamentals. based on my experience, by following the institutional money flow in the markets, i can get the most consistency out of trading. but just for extreme things like i first mentioned with the yen and silver, if you get caught in a bull market, you can buy anytime and make money.. in a sideways market, you need to know how to play a range, and in a bearish market, you will have a hard time finding the bottom.

as far as my system, right now it is only taking short positions since i have not coded the long position strategy into the EA yet. i'm curious to see how it'll perform with that, or with hedging both long and short positions simultaneously. maybe i will manually adjust the EA to take long positions only in bull markets, short positions in bear markets, and hedge both long and short in ranging markets.

togr (togr)
Aug 05 2014 at 20:05
4862 posts
well thats the nature of market to move
question is how is that different today than at the time you coded the strategy:)

VSASyndicate (VSASyndicate)
Aug 05 2014 at 20:08
73 posts
well it was coded last week, and it's a continuing work in progress right now, so i think i'm good for a while :P but i want to automate it as much as possible with little to no intervention. we'll see how close i can get to that.

ahuruglica (ahuruglica)
Aug 06 2014 at 08:37
852 posts
Gbpjpy teleportation :) LOL


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mariav
Aug 08 2014 at 19:11
115 posts
Hey to all of you! I am a newbie 😄😄😄 but think that trading will be my biggest passion 😝 Can anyone tell me more about robots? I know some companies that can provide such options (robots, advisors) but do not know to which i need to choose 🙄 Thanks in advance for your responds 😝

victoriajensen
Aug 14 2014 at 10:16
1117 posts
I think it's definitely possible to turn $200 into $400 in six weeks as long as you know what you're doing and you accept the risks, which are, in my opinion, considerable.

mariav
Aug 15 2014 at 10:45
115 posts
I was discussing this question with one my friend who is professional trader and he told me his example when he really doubled his deposit. The pair of pound-yen was in an uptrend over six months for breaking the time path of the level of 118 to 148 is - three thousand points. However, in early February, there were signs of a reversal. And then, the pair has reached a historic high, but then fell sharply. then, the pair flew up again. He has sold at around 147.66, putting a stop loss at 148 That is, the risk was equal to only 34 points. The pair then dropped another thousand points. HE closed a deal at around 139, earning 866 points. This meant risking symbolic by 34 points, he earned 866! Risk reward ratio was 1:25. So my friend in just more than two weeks doubled the capital.

Impossible is nothing 😎😉😄

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