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Can you become millionaire through expert advisors?

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

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

figfilli
Dec 30 2019 at 17:02
11 комментариев
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
Dec 30 2019 at 18:05
69 комментариев
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 .

rickyb
Dec 30 2019 at 19:07
83 комментариев
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
Dec 31 2019 at 11:44
3 комментариев
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.

Marketmultitool
Dec 31 2019 at 13:43
69 комментариев
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.
  

Treeny
Jan 12 2020 at 20:34
211 комментариев
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

Pahlawan Trader (Nasrul_Swing)
Jan 13 2020 at 02:34
140 комментариев
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.

Sagarmatha
Jan 13 2020 at 16:34
9 комментариев
I think that if you find the right EA then you can be millionaire but it will be tough to make it

Treeny
Jan 17 2020 at 20:33
211 комментариев
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.


How's the EA doing now?

Jack Smith (GlobalScalper)
Jan 17 2020 at 21:09
57 комментариев
Treeny
Jan 31 2020 at 20:36
211 комментариев
Artteri (Artteri434er)
Feb 14 2020 at 15:09
12 комментариев
The resource is useful for beginners and experienced traders.

Shalidor
Feb 19 2020 at 17:25
29 комментариев
Yes, it is very possible to make millions through expert advisors. However, it needs a lot of caution and research to be able to identify the best expert advisor to work with. If you are in a position to analyse charts on your own, it would be better since you'd get the opportunity to acquire the skills as well

Kenkatzia
Feb 20 2020 at 17:27
26 комментариев
First, that mentality of becoming a millionaire overnight is what makes people becomed failed traders. This is because you'll spend all your time working towards making profit, instead of struggling to understand the trade. If you fail to get it as you expected, you'll end up being discouraged and saying that forex trading is a scam. In other words, it is possible to make millions through forex trading, whether you use EA or not, but it doesn't come on a silver platter

Profits
JapaneseGroupFx
Mar 01 2020 at 13:16
77 комментариев
Treeny posted:
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


Don't try to repeat percentage you made the previous month in the current month, instead keep it natural and you will always succeed.

PeteLanceley
Mar 09 2020 at 18:53
83 комментариев
I guess it depends on the system. Any Martingale system - no there is no way that you'll become a millionaire. If you can find an EA that has pin point entries, and accepts losses then yes it's possible.

Vozil559
Mar 12 2020 at 16:57
23 комментариев
It seems to me that a lot depends on the initial capital and the time you give yourself to earn, but history knows a lot of cases when people dozens of times increased their welfare through trade. If I didn't think so, I simply wouldn't have been trading.

Anayallador
Mar 12 2020 at 17:00
26 комментариев
You just have to really look at things, if you have large capital - then why not, out of 500 thousand dollars to make a million is not so difficult. Out of a thousand dollars, it's debt and hard work. So yes, it's possible...

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