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About making money automatically
Sep 04, 2016 at 12:52
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9 Replies
forex_trader_318221
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37 ieraksti
Sep 04, 2016 at 12:52
1) Guys, for who wish to gain money of automated way, ie, copying signals and using EA, what tips and advices you would give?
2) How avoid scammers like this: https://www.mql5.com/en/signals/124167
3) BTW, these scammers can are funded by brokers!?!?
4) The historic of an account (demo or live) can be manipulated by broker show attractive results?
5) There is conflict of interest between provider of signals and sellers of EA?
2) How avoid scammers like this: https://www.mql5.com/en/signals/124167
3) BTW, these scammers can are funded by brokers!?!?
4) The historic of an account (demo or live) can be manipulated by broker show attractive results?
5) There is conflict of interest between provider of signals and sellers of EA?
Biedrs kopš
700 ieraksti
May 10, 2017 at 14:28
Frankly, in my beginning sessions of trading I was so interested on automatic trading service, then I wasn’t familiar with reality of automatic trading service! As a result, I lost my five live trading accounts because of using others trading EAs and signal services! In addition, now I am only interested on manual trading! Yes, I am not making such a great monthly return, but I’m improving!
forex_trader_324608
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9 ieraksti
May 11, 2017 at 06:25
I use a profitable system to trade news
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2 ieraksti
May 11, 2017 at 07:16
Biedrs kopš
507 ieraksti
May 11, 2017 at 13:08
(labots May 11, 2017 at 13:09)
JHenrique posted:
1) Guys, for who wish to gain money of automated way, ie, copying signals and using EA, what tips and advices you would give?
2) How avoid scammers like this: https://www.mql5.com/en/signals/124167
3) BTW, these scammers can are funded by brokers!?!?
4) The historic of an account (demo or live) can be manipulated by broker show attractive results?
5) There is conflict of interest between provider of signals and sellers of EA?
It is not so simple to make money using some else signals or to find stable profitable system. I would advise you just not to follow anybody else, but also I am aware you will not doing this :).
Anyway, try to select system which does not have big drawdown, neither extremely high profits. Avoid scalping system, because you will get signal with a bit delay and your result will not be the same.
Try to find out stable proved with few years stable up trending equity curve, avoiding sharp zig-zags.
Then you may follow for a few mounts either on demo or with small live account (because market is changing and would be good to monitor different market conditions and how the system is dealing with them.
And good luck :)
Biedrs kopš
394 ieraksti
May 11, 2017 at 13:58
Some scammers are really funded by brokers or at least this is what I heard. Because scammers lead to losing money and brokers want traders who are losing money -> so “win-win” situation here. You have to be very careful when investing your money in someone-else’s creation (EAs).
Accept the loss as experience
Biedrs kopš
2 ieraksti
May 12, 2017 at 13:51
@TiffanyK
So basically, you cannot trust anyone? haha :(
What do you guys think about the fxbook AutoTrade EA's? Are they a little bit more secure because they are vetted? Or is it also something to be vary of?
So basically, you cannot trust anyone? haha :(
What do you guys think about the fxbook AutoTrade EA's? Are they a little bit more secure because they are vetted? Or is it also something to be vary of?
Biedrs kopš
34 ieraksti
May 12, 2017 at 13:52
Using automatic trading service is always challenging where your trading result is depending on others trading performance’s directly! My 1st suggestion is, please don’t select any automatic service too early, check their previous trading result so sincere, and try to use old service because most of the new services are scammers! But honestly, manual trading is much reliable!
forex_trader_428164
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3 ieraksti
May 14, 2017 at 06:51
Avoid signals, better invest in managed accounts. There are some good ones with a long track record.
Biedrs kopš
12 ieraksti
May 15, 2017 at 14:49
The same risk can be attached to managed accounts. There are plenty of managed accounts that look for 12 months plus and then collapse and make massive losses in one week
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