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The Best Robot (By RAYMOND MENSAH )

The user has deleted this system.

The Best Robot Discussion

RAYMOND MENSAH (Raaymenx)
Aug 23 2016 at 16:38
262 posts
Its no simple task keeping a strategy working profitably month after month. I now understand why a number of strategies fail within six months. Good news is this particular sytem has six different settings which adapts as much as possible to different market conditions. The world market can change into an unknown pattern anyday. I believe the honest truth is there may not be any strategy that can win all trades. Having a good monthly gain to drawdown ratio is the best anyone can get.

RAYMOND MENSAH (Raaymenx)
Aug 25 2016 at 11:41
262 posts
Hopefully next month will be better

Silk
Aug 25 2016 at 12:42
41 posts
Please help me to buy good Robot, and good Forex Broker?

RAYMOND MENSAH (Raaymenx)
Aug 25 2016 at 14:50
262 posts
Silk posted:
Please help me to buy good Robot, and good Forex Broker?[/quote

For a good forex broker I will recommend CoreSpreads. They may not be so popular but am yet to see a broker that offers better spreads and better trading conditions than them especially on indices. Fxpro, XM, Tickmill, FXCM are good too but to me CoreSpreads is better. The challenge with CoreSpreads is you can lose more than initial deposit but if your strategy has well defined stop loss, you will not have a problem. You need to have a plan and know what you are doing.

With regards to a good robot to buy it is very difficult to answer. I personally think most good system coders dont sell their robots. They may give it out for signals or manage accounts. However any robot can be good if we understand the strategy it works by and use it on a suitable trading instrument. For example the system am using rides on trends so I use it on Dax 30, or Nikkei or US30. I will not use on forex because they consolidate more than they trend. If I see a consolidating market uproaching on indices, I manually manage till markets return normal trending pattern.

Ziya (ZKFXtrader)
Aug 25 2016 at 21:34
242 posts
Raymond, has the robot improved over time? or it is still the same with some change in settings?

Succeed in Forex trading
RAYMOND MENSAH (Raaymenx)
Aug 25 2016 at 22:25
262 posts
ZKFXtrader posted:
Raymond, has the robot improved over time? or it is still the same with some change in settings?


Ziya, it is same Robot. But I have had to be switching between six different settings. So far I think there are seven different ways DE30 moves although there may be more am yet to discover. So switching from one setting to the other using a number of constant parameters . It is difficult to code them to work automatically so applying settings manually for now.... BREXIT didnt help much because its aftermath has drastically changed Dax 30 market pattern... only 5% Last month. Am hoping next month will be better..

I have been able to solve the consolidating market problem but am still verifying the algorithm and seeing how long it will last.

EAgreat
Aug 26 2016 at 01:05
56 posts
Hi, Raymond,

I benefited from your comments on market types and EAs. Thank you.

I see your good performance is based on mixed trading. My life pattern does not allow me to stay in front of the computer for a few minutes a day. Given that, are there EAs that are more or less hands free yet safe? I don't mind less profit just as long as my account doesn't get wiped out. Thanks for advising.

Jim

RAYMOND MENSAH (Raaymenx)
Aug 26 2016 at 08:33
262 posts
EAgreat posted:
Hi, Raymond,

I benefited from your comments on market types and EAs. Thank you.

I see your good performance is based on mixed trading. My life pattern does not allow me to stay in front of the computer for a few minutes a day. Given that, are there EAs that are more or less hands free yet safe? I don't mind less profit just as long as my account doesn't get wiped out. Thanks for advising.

Jim


In my opinion leaving a live funded account to a robot is not exactly a good idea. Lucky pound is cool especially loooking at how long it has been on the market, I dont know if it is for sale, I saw a system revolution but dont know if it is real, people display very great systems like MASTER OF AUSSIE, MASTER OF SWISSIE, CASH COW etc, but cant exactly guarantee any of them. The best I can say is to subscribe to autotrade. Myfxbook criteria for allowing an account to be used on autotrade gives some kind of safety. You can be 80% sure you will make substantial profit by the end of the year without blowing your account. I think any system that is sold on the market needs very good monitoring.

EAgreat
Aug 28 2016 at 00:51
56 posts
I quite agree with your advice and will spend some time on myfxbook autotrade.

Many thanks.

RAYMOND MENSAH (Raaymenx)
Aug 30 2016 at 18:26
262 posts
After tomorrow I will be done with six months of testing. Very good discoveries in the past months. My target next month will be to make 50% profit. My strategy has well defined stop loss. And I try to break even in difficult markets. If tomorrow does not end in a loss then we have six straight months without a loss. I am halving the lot sizes I use so drawdown does not ever get to its maximum ever again which has been less than 34% in the past six months.

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