Tips for Choosing a Good Robot Trading this Year
Tips for Choosing a Good
Trading Robot this Year
For traders may not be
familiar with the term Trading Robot, but for beginners this may need to be
read as a knowledge material to dive further into the world of trading. What is
a trading robot? A trading robot is a
software that is installed into the meta trader/trading platform of the broker
you are using. The modern language for this trading robot is AI - Artificial
Intelligence.
The purpose of this trading
robot itself is to make it easier for you to make automatic trading yes (auto
pilot). So, the point is, if you use this robot then a smart machine software
that will analyze the market and trade open orders, all done by robots.
Your only task is to monitor
the movement of orders made by the robot. With the hope of making a lot of
profit of course.
Well, in this article, Admin
tries to discuss tips on choosing a good forex trading robot. There's no intention of dropping a bad robot.
The first tip to indicate the
robot is good and has been tested for a long time is to ask for the robot's
results. Robots that are NOT immune will
usually post the results of their robots on myfxbook and fxblue. Look for
robots with promising results and those that have been tested for years.
For example, like this in
myfxbook, where we can see live trading and trading history for several years.
If you can not open the live website please use vpn.
Second, the robot must be
tested with tips forward test (LIVE TRADE). What's that? Forward test is tips
test (testing) robots in the actual market. Different from back test or
strategy tester yes. If the back test is robot testing using simulation data or
past data (no slippage, no requote, no gap, it can not be detected), so it is
not accurate that result. If the results of this forward test is accurate
because the robot in the test in the state of the market that at that time
occurred. So, the robot also undergoes slippage, requotes, gaps etc. Especially
if the robot is tested with forward tests for many years. The better the
robot. Keep in mind yes, do not choose
the robot backtest results. Although the robot has been tested for many years,
but if tested with a backtest then it is
best not to choose that robot.
Don't choose a robot whose
trading techniques are DANGEROUS. For example robots that use martingale trading techniques and averaging.
Why the hell are those two techniques dangerous? Because if the floating
position is minus, then the lot will continue to be added until the profit
position. If the market reverses course it's okay, otherwise how. So the point
is, if you use both trading techniques, the resulting minus is large but the
profit obtained is small. So it's not good enough.
Good robot risk management.
Drawdown robot should not be more
than 40%. If the robot drawdown is 50%
then the robot is a bit risky. Drawdown is a loss experienced compared to capital.
Robots use real accounts, not
demo accounts.
Be careful also with robots
that use Cent accounts. This cent account means to mark up the actual value.
So, it's as if you have a large fund when in fact it's not. Be careful also
with robots that say if it makes a big profit and consistent. That doesn't make any sense.
Choose a robot that cooperates
with a credible broker. The point is, choose a robot that uses a clearly
regulated broker. The characteristics of regulated brokers are not bookies, do
not receive funds from third parties, and certainly regulated brokers are
well-known and have names. (Tips check the broker is well known or not is the
check of the broker's company whether it is often covered by the mainstream
media or not... such as Bloomberg, CNBC, Reuters and the like)
Good robots are usually tested
for at least more than 1 year. And remember, not in the test with the backtest
yes, but in the test with the forward test (Real Trade Live in Real Account).
Personal admin also trade
forex by using robots to make it easy, easy and not complicated, the name of
the robot that Admin uses today is SmartXBot, this is not a promotion yes… but
it is real Admin use it now.
Why is admin using this?
besides because the Support System is really good, this robot is also
consistent and good results. Kira2 more than two years Admin use this ... so
far good and really okay, the return is also not bad. The important thing for
Admin is consistent and HARMLESS, because admin Tricked use robot that Admin
buy from ADS ... it turns out that it is dangerous, and admin used to believe
from their screenshot2 that seems tempting can profit that way, eeh turns out
to be crazy and not true so ... ya've made an experience anyway.
Last tip, From the many expert
advisors or robots, you can find
references about Trading Robots on the web such as PT. SMI
because on this website page you can customize the robots and brokers
you want. Well, guess that's all admin can share about tips on choosing a good
robot for this year.
Hopefully it can provide
useful for you
Stay Healthy and Stay Safe.
Greetings Profit from Admin.
