Robot forex trading


Forex Robot | Forex Trading Software

No Need To Have Any Special Acknowledgement.

Your 100% satisfaction is guaranteed!Just set the product in 5 minutes and leave it.The Fx Magic Robot will do everything for you. Perfect for novices.The Fx Magic Robot constantly monitors and analyzes the market and due to its unique Optimization Period features sets the most appropriate internal and external features. We really hope that the product will satisfy all types of traders BUT for your additional confidence, we provide with a refund period when you can return your money.Fx Magic Robot an automatic robot for trading on Forex market. It allows you to trade on international foreign exchange market without special skill or knowledge. In our Fx Magic Robot there is possibility to choose which part of deposit you want to trade so that you aren’t risking the bigger sum than you were intended. Fx Magic Indicator is equipped with all technologies which provide your account maximal protection from hard Stop Loss and Take Profit for any opening trade to automatic switching between 4- and 5- digit quotes.

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Generates A Massive Profit On Forex Blast Robot In Few Weeks With Just Few Clicks Of The Mouse….

Turn On Your Computer Run The Software And Watch Your Balance Soar….

If you’ve been looking for a quick way to generate profits in the Forex market…and lack the experience to do it on your own – then I want to tell you about my revolutionary Forex Robot built for investors like you.You see, like many investors out there, you have a desire to put your money where it will work for you. And you’ve heard about the forex market and how some are making millions from little effort.You’ve possibly also heard about how huge this market is…and…that it has an average daily trade of $3 Trillion. In fact, this is the largest financial industry in the world and ONE of the fastest growing too. So, you’ve heard about all these AMAZING figures and want to dip your finger in. Well you are in luck. Our Forex robot is the toll that will help you exploit the forex market and make huge amount of money from it.

You will generate profits each month with any losses with Forex Blast Robot!

You won’t waste time trading on days when the market is flat and going nowhere! You will calculate the exact take profit levels for every trade regardless complex market conditions! You stay in the trade as long as possible to get maximum profits using special automated profit trailing function!

 

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A Manual Trading Syatem

The Ultimate Trading System For Any Symbol,Any Chart Type Instantly installs to Meta trader (MT4)Or Trade Station 9 and can Trade:Forex,Binary Options,Futures,Stocks,Commodities(ANY Trading Instrument that your broker allows!)ANY Time Frame (including Range Charts)ANY Market Condition:Trending or Sideways/Choppy Instead of describing the System to you,we’ll show you how powerful it is right now and explain it below:

 

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www.fxmagicrobot.com

Forex Robot Reviews, Best Expert Advisors, And Forex Strategies

Finding the perfect forex trading system requires a lot of time and patience. There are more forex strategies out there than we care to count. And taking the time to test them all is exhausting. Thankfully we’re going to share one of our favorite new strategies we’ve been using lately. It’s very simple for anyone […]

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Over the last year Vader has proven time and time again that it’s the top expert advisor for professionals. Simply put: if you’re not using Vader you’re missing easy pips. This week we’re highlighting an incredible 347 pip forex trade Vader found automatically. Let’s break down the setup and dive into how trades like this are common […]

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The last couple of months have seen Vader rise to the top and become the  best EA forex robot available. Big trades like this 258 pip juggernaut really put it above other EAs out there. Let’s take a closer look at this massive forex trade and how Vader found it using its advanced strategy.

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Over the last six months Ganon has proven its reliability and become one of the best performing expert advisors anywhere. Forex trades like this amazing 276 pip movement earlier this week have helped it maintain a strong lead. This was a classic trend setup with Ganon finding multiple signals to sell. Let’s take this trade apart to find out what […]

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Ganon has quickly become one of the highest performing expert advisors available on the market. Take for example this beautiful chart with back-to-back 100+ pip forex trades from earlier this month. It trades the price run up for an easy 111 pips. Then it turns around and trades the reversal for another 104 pips on the […]

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Recently we came across a brand new strategy that has been very popular. It was developed by a private group of automated forex enthusiasts called the “K-Crew”. Feedback from people actively using this forex strategy has been very positive. This step by step guide will help you start using this fast forex strategy tonight. Some quick details: It’s based on a […]

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September 2017 was a huge month in forex trading. Piles of quality trades were just ripe for the taking. But don’t forget: October is typically one of the biggest trading months of the year. The last few days have had some of the best forex robot action we’ve seen in a while. But without a forex robot you’re missing out […]

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It has been a very wild ride. Last month Reaper pulled in almost 10,000 pips. That’s something even the best forex robots rarely do. The streak has continued into this month where it found a gigantic 158 pip trade. So how does it find forex trades that big? Let’s take a closer look at how Reaper works.

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In the forex world simple things are hard to come by. Which is why we love this popular strategy from our users. It’s great for any skill level. And it also works. Some quick facts about this easy forex strategy: If you can use a computer, you can use this strategy New forex traders have posted great results Setup is simple and takes […]

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Right now Reaper is in the middle of a long winning streak. Last month it found over 9,000 pips. And this month is no different. We’re dissecting this beautiful 60 pip trade as a prime example of why Reaper is so powerful. Let’s break it down step by step.

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www.forexrobottrader.com

What are Forex robots and do they really work?

Forex trading is versatile due to the different trading styles, strategies and systems that can be used. In the Forex market, there are traders of all levels of proficiency and each will have different ways of working. One of the features of Forex is the split between the traders who want to manually trade and those who want to utilise automated trading. This article will focus on automated trading. Automated trading requires a lot of research to find the right software that will perform trades correctly.

Sitting back and letting an automated device do the work for you can be a real temptation, and it's here that automated Forex trading robots come into play. An FX robot is a computer program that is based on a set of FX trading signals which helps to define whether to purchase or sell a certain currency pair at any particular time.

Trading robots are available 24/7 to Forex traders and can easily be bought over the internet. It is imperative to confirm that there is absolutely no such thing as the holy grail of trading systems, regardless of the type they belong to. The question many ask is do Forex robots work, or will choosing one turn out to be just another commercial scam? We've prepared this article to address this question.

How does a FX robot operate?

FX traders want to use robots just because they hope to make easy money from the Forex market without having to devote a lot of personal time to it, or do anything manually. Those who use robots have to find a good currency pair and the perfect time frame to trade in it to maximise their profits.

Some Forex robots are capable of scanning numerous charts in a way that humans physically can't. In addition, robots are developed with particular parameters needed in making trade decisions. With implanted trading signals, they determine when it is appropriate to trade, or conversely not to trade.

The best Forex robots suggest solutions to find profitable trades even in unstable markets when the actual trending direction is unclear. Robots will follow the best trend to enlarge profits and perhaps eliminate the chances of potential losses. Trading against the trend will eventually lead to loss after loss, whilst trading with it increases profits no matter what method or robot is used to trade.

However, what must be remembered is that the majority of robots trade within a certain range. They make a particular amount of pips inside the tight range during the slowest time on the Forex market, and they regularly set a few pips target and may not even use a stop-loss. They can be classed as successful, as they do make profits in each trade even if it is only a few.

When an unanticipated and strong range breakout occurs, it just wipes out the small profits they have made. Some robots which are promoted as the best Forex trading robots, can gain profit in a positive trend, although they lose money in a choppy FX market, so the discovery of a great trend to follow is an essential task.

The effectiveness of robots

Though FX robots promise to make beneficial trades, not all of them are what traders expect them to be. Moreover, the federal government considers most of them to be just scams. In a similar way, you are not likely to find any article in Forbes, the Wall Street Journal or any other respectable news source that promotes them.

What is more, even online robot merchants try to move their robots in rank by claiming that their opponents' ones are scams. A lot are advertised with false claims by people who have made serious money applying these systems. The truth however is that a great number of investors and traders have lost a lot of money using so called free Forex robots that work. There have even been circumstances in which whole accounts have been wiped out.

If you really want to know how effective robots are, then you should check out reviews and authoritative testimonials online. Although they can scan millions of different charts within seconds, most often 90% will turn out incorrect information. This is understandable - FX robots are just robots. Even though they are capable of performing highly sophisticated tasks and many at once, every Forex robot or Forex robot free is still deprived of creative thinking. They cannot imagine what may take place in the near future as their functionality is restricted to how they were initially programmed and past performance.

For traders who use robots, they should not fully depend on it to conduct all of their trading activity. Ultimately, trading demands a considerable amount of human research and observation. Additionally humans, not trading software, can actually follow up with diverse economic conditions and keep up with the news in the financial world. Forex robots, which are thought to be Forex robots that work, can solely find positive trends as well as trading signals, but occasionally their functionality is unfavourably affected by either jittery trends or false information. In addition, hackers and viruses may also hinder robots.

All in all, automated FX trading software, or Forex robots, are nice opportunities for their designers to make money but offer little benefit to you as a Forex trader. It is a debatable question - will a robot make you rich, or will it just wipe out your trading account?

One thing is known for certain - their developers can be made millionaires. Smart designers are aware that people yearn to make a lot of money and try to ensure that robot Forex trading appears to be one of the finest ways they can achieve this. Nonetheless, they exploit this as a possibility to design a robot or any other software (or even a DVD, webinar, seminar, e-book etc) to sell and prosper.

We would like to draw your attention to one interesting issue. If the robots they sell could actually make a huge amount of money through trading the currencies, then what is the point in selling them to others and not utilising them on their own Forex accounts? The answer is logical - robots can barely make money for a Forex trader. Can a $99 FX robot or free Forex robot really make hundreds or thousands of dollars every month? If it could, you have to ask yourself - would it really be sold for such a relatively low price?

If it was this easy to earn money utilising robots nobody would ever go to work. It is possible that robots can make money for a restricted time period, but then they can start losing - and the money this best Forex robot earned with one position may disappear before you can claim it. In addition, the vast majority of robots are scalpers. They make just a few pips with every position they take - and they set a considerably tight target. The chances of surviving with such a strategy are quite limited for a trader.

Successful FX trading is based on knowledge, proficiency and skill. It involves analytical thinking and something visual. When looking at what are Forex robots, it is clear that they cannot properly work in this way. Market conditions tend to change all the time and only an experienced Forex trader can distinguish when to enter the market, or to stay away.

Conclusion

We have attempted to describe the aspects of applying robots from a rational point of view. What we hope can be concluded from this article is that instead of spending your time and funds on things like automated FX trading software robots, it would be better to devote some time to learning a good trading system.

Eventually you may become a professional trader who relies on experience and knowledge, rather than using computer algorithms and codes by someone who is not a Forex trader at all. It is completely up to you whether Forex robots are worth your attention - and only you can answer the question of does Forex robot really work?

Read also:How does automated forex trading work

Learn to trade step-by-step with our brand new educational course, Forex 101, featuring key insights from professional industry experts:

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admiralmarkets.com

Best Automated Forex Trading Robot

Generates A Massive Profit On Forex Blast Robot In Few Weeks With Just Few Clicks Of The Mouse….

If you’ve been looking for a quick way to generate profits in the Forex market…and lack the experience to do it on your own – then I want to tell you about my revolutionary Forex Robot built for investors like you.

You see, like many investors out there, you have a desire to put your money where it will work for you. And you’ve heard about the forex market and how some are making millions from little effort.You’ve possibly also heard about how huge this market is…and…that it has an average daily trade of $3 Trillion. In fact, this is the largest financial industry in the world and ONE of the fastest growing too.So, you’ve heard about all these AMAZING figures and want to dip your finger in. Well you are in luck. Our Forex robot is the toll that will help you exploit the forex market and make huge amount of money from it.

You will generate profits each month with any losses with Forex Blast Robot!

You won’t waste time trading on days when the market is flat and going nowhere!You will calculate the exact take profit levels for every trade regardless complex market conditions!You stay in the trade as long as possible to get maximum profits using special automated profit trailing function!

Forex Robot, Automated Forex Trading Software, Forex Trading Software, forex Trading robot, Best Automated Forex Trading Software, Automated Forex Trading, Best Automated Forex Trading robot, Best Forex Trading Robot, Best Forex Robot, Automated Forex Trading Robot

www.fxmagicrobot.com

The World's Best PREMIUM Forex Trading Robot 2017 |

This is THE BEST, SECURE & MOST POWERFUL trading ROBOT!

Forex robots are designed to remove the psychological element of trading, which can be detrimental.

Some Forex robots are capable of SCANNING numerous charts in a way that humans physically can’t. In addition, robots are developed with particular parameters needed in making trade decisions. With implanted trading signals, they determine when it is appropriate to trade, or conversely not to trade.

The best Forex robots suggest solutions to find PROFITABLE TRADES even in unstable markets when the actual trending direction is unclear.

Are you looking for a rock-solid, accurate & reliable trading tool that can profit in ANY currency market?…

WallStreet Forex Robot 2.0 Evolution is the best and trusted Forex Robot and EA online, in service and help of the traders to achieve even better profits and greater success.

 

WallStreet Forex Robot 2.0 Evolution

It’s THE BEST, SECURE & MOST POWERFUL trading ROBOT!

WallStreet Forex Robot 2.0 Evolution has the LONGEST, fully MyFxbook VERIFIED Performance on REAL-MONEY Accounts in the EA industry with such an amazing results!

Here are the 6 reasons why WallStreet Forex Robot 2.0 Evolution is the world’s best Forex trading robot.

 

We’ve designed a first of its kind “Broker Spy Module“. We spent over 2000 hours in developing and refining this powerful tool with one primary goal – to protect your capital and you from UNETHICAL BROKERS: cheating you with high negative slippage, high spreads or delayed order execution.

Now you will be able to monitor every minute whether your broker is stealing from you.

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It is disappointing to have to close a position which has made good profits in the past at a loss, or worse — when it hits a stop. We know just how disappointing this is.

This is why we protect each WallStreet Forex Robot 2.0 Evolution position with a near-stop level that guarantees minimum profit immediately it becomes possible.

Alongside this, a special algorithm monitors optimum closure of each position turning a profit.

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This built-in system conceals your stop levels from UNFAIR BROKERS who trade against their clients.

If you choose to use this option, stop levels are executed within the WallStreet Forex Robot 2.0 Evolution program logic and remain invisible to brokers.

This means that you have double protection: AGAINST UNFORESEEN LOSS and AGAINST UNFAIR BROKERS.

WallStreet Forex Robot 2.0 Evolution employs a STEALTH MODE to protect against broker stop hunting.

In Stealth Mode, stop loss and take profit levels are not displayed to the broker.

An emergency stop loss is placed with the broker to protect the trade against disconnection, but the Stealth Mode stop loss will be reached before the emergency stop loss.

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This protection guards you against transactions at times when your broker has broadened the spread above levels acceptable to you.

This is MOST IMPORTANT, for high pay spreads are among the basic reasons why your trade can turn-in a loss.

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This protection defends you from entering positions at prices which are too unfavorable for you in times of high market volatility, or when your broker may attempt to steal additional pips from you.

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Alongside standard options allowing you to use fixed volumes chosen by you in each deal and standard risk management with proportional lot growth, WallStreet Forex Robot 2.0 Evolution has a unique built-in algorithm which allows you to activate effective current DRAWDOWN COMPENSATION.

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Are you looking for a rock-solid, accurate & reliable trading tool that can profit in ANY currency market?

WallStreet Forex Robot 2.0 Evolution is the exact tool you need to multiply your trading profits! It’s THE MOST POWERFUL trading tool.

forexwot.com

Best Forex Trading Robot | Automated Forex Trading Robot

You do not need to have any special Acknowledgement.

 

 

Your 100% satisfaction is guaranteed!Just set the product in 5 minutes and leave it.The Fx Magic Robot will do everything for you. Perfect for novices.The Fx Magic Robot constantly monitors and analyzes the market and due to its unique Optimization Period features sets the most appropriate internal and external features. We really hope that the product will satisfy all types of traders BUT for your additional confidence, we provide with a refund period when you can return your money.Fx Magic Robot an automatic robot for trading on Forex market. It allows you to trade on international foreign exchange market without special skill or knowledge. In our Fx Magic Robot there is possibility to choose which part of deposit you want to trade so that you aren’t risking the bigger sum than you were intended. Fx Magic Indicator is equipped with all technologies which provide your account maximal protection from hard Stop Loss and Take Profit for any opening trade to automatic switching between 4- and 5- digit quotes.

 

Fx Magic Robot works successfully on our accounts for a year and during this period of time has shown stable and very profitable result. There is real money on all our accounts, it is not a demo!

Modeling of trading on history data

 

 

 

 

 

 

 

 

 

 

 

The best way to find out the profitability and reliability of trading system is to check its statistics on Forex market for the last couple years. We have made such tests for two currency pairs GBPUSD and EURUSD (additional pair). As you can see below, even for the last years the results are really astonishing. And now the system works even better what can be seen on our trading accounts!

 

 

 

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Fx Magic Robot an automatic robot for trading on Forex market

Finally, A Complete, High Performance Fx Magic robot That Uses 3 Proven Forex Trading Strategies To Consistently Outperform The Market Many professional traders spend their entire careers quietly making money with one strategy.This strategy is their bread-and-butter tool for consistently making money.Some of the most successful traders consistently manage to test and use two strategies – a trend following strategy and a reliable counter trend strategy.Only elite traders have the time, resources and expertise to use multiple strategies.Today, we are going to show you how to join this elite community of ultra-successful traders.In fact, you’ll be able to use 3 Precise, Tested, and Profitable Strategies in your next trading session.But first you need to understand …

The New Forex Trading Paradigm That Wealthy Traders Use To Beat The Market Day after Day…

The Forex market can’t be cracked with one strategy alone. This single-strategy mindset may win for a few sessions but will ultimately break down when the market throws a curve. Instead… You need to adopt a “Diversified Strategy” paradigm. This paradigm uses tested strategies combined with precise, fast, and reliable technology to deconstruct the market and pounce on profit opportunities. With a Diversified Strategy you can trade in any currency market, with any currency pair, at any time. You can dramatically boost your profit potential because you can select the right strategy for any situation. All you need is the right Fx Magic Robot !We are proud of our solid track record of creating intelligentFx Magic Robot that outperform expectations. Our customers are consistently thrilled with the performance of our trading systems and have set the same high standards as we do. We insist that our EAs work with minimal configuration and reliable performance.Fx Magic Robot is the next step in our journey to continue raising the bar for the Forex trading community. Our team knew that we had superior strategies for dominant market trend trading, highly volatile small spread trading, and countertrend trading. We had already built each of these three strategies into other popular EAs. But this time we wanted to combine these strategies into one superior, high-performance Automatic Trading System.Fx Magic Robotis the result of THOUSANDS of hours of design, testing, and refinement. It is simply our best Forex Trading EA and we can prove it –

 

One-Time Discount Price $629.00

 

www.fxmagicrobot.com

Forex robots | Forex trading strategies

Are forex robots the holy grail?. Should we use forex robots or should we trade manually? What strategies are the best? How do we determine which forex robot is the best and what are the best ways to use it? Under what conditions do they work? Why most commercial robots fail? Are backtests useless? I’m trying to answer these questions, but keep in mind that I’m not interested in short term high gains. I’m aiming long term consistent profits, between 3-10% every month. Quick profit involves a very high risk, this is one of forex golden rules. 30-40% per year is awesome considering the fact that the bank interest doesn’t exceed 2-5% per year the most.

Long story short: My robot, Zamolxis has made a 128% profit during one year and 6 months period. Which means, ~3,000 pips, an account growth of 4.7% per month. This is near our target. We could have set a different target (higher profits), but high profits come with high risks and we can’t accept that as we’re aiming for long term profits.

Here, at longtermforex.com we treat forex as a business. And before we start a business, any business, we need to know when exactly will get back our main investment.

According to investopedia, “The yield is the income return on an investment, such as the interest or dividends received from holding a particular security. The yield is usually expressed as an annual percentage rate based on the investment’s cost, current market value or face value.”

For example, suppose we buy a nice house for $3,00,000 and rent it. At the end of the year, we get a nice $21,000 revenue, which gives us an yield of nearly 7% per year. After 14 years of renting, we finally recovered our main investment.

On the other side, forex is a more lucrative business (if treated as a business) because the yield is much higher. Zamolxis has an average yield of 35 – 60% per year, which comes with a risk of 20%. If you want to lower the risk to 2%, the profit is also reduced at 6%. This is comparable to the situation we described above.

For those of you who don’t have the money or time to buy a house and rent it, we propose Zamolxis.

But before diving into details, let’s see how it works.

What exactly a bayesian classifier does and how can this be applied to forex trading?

I have written a very comprehensive article about bayesian filters, everyone can understand it, please check it out here.

In machine learning, Bayes classifiers are a family of simple probabilistic classifiers based on applying Bayes theorem with strong independence assumptions between the features. For example, a winning trade is strongly correlated with certain factors like volatility, pivot points, the difference between previous high and low and so on. My initial approach was to gather as many inputs as I can coming for any forex robots I could find on the market (including the ones I myself created, please see the “My forex robots portfolio” section). The general assumption was that, no matter what strategy the robot uses, (trend, pullback, scalper, countertrend), a winning trade can be statistically identified. For example, trading around support and resistance points has a higher success probability compared to simply trading blind. If you add an extra filter, like volatility, the success probability increases. But the main problem is that the market is dynamic, the trading conditions always changes. Today is a good day for scalping, tomorrow might be a food day for trend followers, next week might be a great week for grid trading. We already know that optimizing the robot is not the answer because we are always one step behind the market.

Tu put it simply, a bayesian filter calculates the probability of success based on several factors like support and resistance points and if the probability is good enough, a trade is being opened. My forex robot, called Zamolxis is a mixture of bayesian filters and perceptrons (sometimes neural network classifiers work better under certain circumstances and this robot uses both).

I have spent an entire year trying to gather as much data as possible in order to feed the neural networks and bayesian filters. Then, I let them learn and classify the market conditions all by themselves, no optimization was performed. It survived in the wild without any optimization or tweaking. The purpose was merely survival and learning, without any kind of trade filtering whatsoever, not the profit. Now, the test is over and it’s time to see the results.This time, the robot is fully trained and ready to make money.You can see the results here (forexgermany.de live account).

My own demo forward test here.

 

How does Zamolxis work?

At first, it was a complete mystery to me why all forex robots fail in spite of such great backtests. The answer is simple: the market changes and it doesn’t always follow past conditions. You have to face many months and years of drawdown before you see the light at the end of the tunnel again. What is my solution to this problem? The approach is different. First of all, I don’t care about the drawdown anymore. The lot gets increased after 3 or more losses and the robot recovers fast, the only thing I care is to keep a lower losing streak, in my case, no more than 7 losses in a row.

This is not martingale, it’s position sizing.

The recovery function has nothing to do with martingale. Martingale involves opening multiple positions while doubling the lot size and keeping them open until the all are closed for a profit or the account gets blown. This is the fastest way to lose the account.

My recovery function doesn’t involve martingale, but position sizing, which is a very different thing. Zamolxis opens one position at a time.

No system is highly profitable on the long run unless it is using some sort of recovery function or position sizing! Zamolxis wins 51% of the trades considering the fact that take profit is always higher than stop loss. It is profitable even without any recovery function but the profit is low. Besides, nobody has the time to wait for years of drawdown, we already know that from our past adventures with forex robots. That’s why I created a realistic recovery function.

I have backtested the robot from 2009 to 2016, saved all winning settings, then backtested it against unseen data, from 2003 to 2009. If the losing streak and drawdown doesn’t change than I considered that setting to be a valid one and discarded the rest. If the losing streak gets higher than 6, the strategy gets invalidated by the market changes and the robot has to be retrained. Please note that this is not the holy grail, there is no such thing, it’s just a trading tool.

At the close of every bar, the market conditions are analyzed and classified with a bayesian filter and a neural network. If the feedback is similar, the robot opens a trade. Take profit is usually higher than stop loss, making the robot more reliable and trustworthy.

It runs on multiple currencies, the supported currencies are: EURUSD (h2), AUDUSD (h2), GBPUSD (h2), EURJPY (h2) and USDJPY (M30).

It has a solid recovery function, the lot gets increased after 3 or more consecutive losses. A very fast recovery is expected.

Sometimes is trades every signal, sometimes it doesn’t. After a more careful analysis I reached the conclusion that sometimes, under certain conditions opening at every signal is a bad thing to do. Why? Suppose we’re talking about a forex robot that opens a trade every time the current candle closes above/bellow a moving average. When a violent trend occurs many trades are being opened and if a more violent reversal occurs then we’re out. It’s wiser to analyze the market conditions before starting to open more than one trade in the same direction for the same strategy.

Is a very (and I mean very!) frequent trader, you won’t get bored watching it. 🙂

Pattern validation

If the market suffers major changes, the pattern is no longer valid and the robot should be retrained in order to learn the new market patterns.

As I said before, it was a complete mystery to me why 99% of forex robots fail in spite of such great backtests. One possible answer to this question is over-optimization/curve fitting. The forex robot is optimized from 2000 to 2016 and only the best looking equity curve is selected. This is terribly wrong because that nice looking equity curve is only an accident that doesn’t repeat so often in real trading! Therefore, as a consequence, the robot fails a few month after the launch.

A second possible answer is that the market changes to some degree and the strategy no longer works until the market changes in our favor again.

My approach is different: Stop loss is smaller than Take Profit and no more than 6-7 losing trades in a row are allowed. The recovery function makes sure that we are in profit all the time.

I trained the robot from 2009 to 2016 and then tested it against unseen data, from 2003 to 2009. If the number of consecutive losses in a row doesn’t change, then the pattern is solid enough.

If the number of allowed losses is exceeded, then the market changed and the robot should be retrained.

How recovery function works?

The way this robot is designed is very important. I need to know if the backtests are valid or not, this is the main problem of all forex robots.

Optimizing the wrong way (99% of forex robot vendors are doing it, intentionally or not)

The robot is optimized for the whole testing period, for example between 2000 and 2016. It selects only the best trades, the equity curve looks nice, everything is fine, then after a few months, it bites the dust. At first, as I stated before it was a complete mystery to me why. Then I realized that the market does not behave according to our backtests, the conditions change and therefore the pattern is broken. The second important thing is that backtesting this way there is no checking procedure! How can we tell if the backtest is valid or not? We can’t!

Optimizing the right way

The robot is optimized using data between 2003 and 2009. Then, the robot is tested against unseen data, between 2009 and 2016. If the drawdown length, drawdown depth and number of consecutive losses remains the same, then the strategy is valid. This is our main assumption.

What is new in the current version v30

1. Trailing stop. We don’t want to lose the profits entirely if the market turns against us, especially when the traded lot size is bigger, therefore the robot has not the ability to decide when the trailling stop should be activated. If the market goes in our favor, we can follow it and win big!

2. Lot increment algorithm has been changed. Suppose the starting lot is 0.1, then the lot increment goes as follows:

USDJPY: 0.1, 0.1, 0.1, 0.2, 0.4, 0.8, 1.2EURJPY: 0.1, 0.1, 0.1, 0.2, 0.4, 0.6, 1.2, 2.4AUDUSD: 0.1, 0.1, 0.1, 0.2, 0.4, 0.8, 1.6EURUSD: 0.1, 0.1, 0.1, 0.2, 0.4, 0.8, 1GBPUSD: 0.1, 0.1, 0.1, 0.2, 0.6, 0.8, 2.4

If the 7th trade is lost, then the next lot size equals initial lot of 0.1 and the cycle continues. If you lose a 7 trades cycle (which never happened during 10 years of backtests), you lose 20% of your account, which will be recovered in no more than 3-4 months. Awesome, right?

However, thanks to the trailing stop function we added, if the lot size of a trade is 0.1 (the initial lot size) and the profit for that trade is higher than the initial tp, the lot size doesn’t increment even if the next 3 trades are lost. Why? Because we are still in profit overall and we can afford to take one more loss (or more) with lot = 0.1 (initial lot). Now we can win big if the market goes our way and we can take many future losses without the need to increment the lot size.

To put it simple, the lot size rarely increases! And this is a huge step forward because the risk is highly reduced!

3. Multi currency trader without additional controller. If for trades trades we have a profit of pips pips, the lot size doesn’t get incremented. For example, if trades=20 and pips=200, it means that for the last 20 trades (all currencies) we have a total profit of 200 pips. We are satisfied with it and we don’t see the point of increasing the next lot size even if the last trade has ended with a loss.

4. Protection against stop loss hunting. As much as we like to hide the sl and tp levels from brokers, is very unsafe to do it because the market may turn violently against us wiping up the account. sl and tp remains in place, but there is an additional hidden function which does exactly that: if the broker doesn’t close the trade for profit even if tp is in place, the function activates and closes the trade.

5. You can now close the trades manually for loss or profit. You could have done it in the previous version also, but now all bugs have been fixed.

6. The core algorithm has been reoptimized. Neural networks and bayesian filters has been improved, the main purpose is to reduce the risk of ruin.

7. New tp and sl setting feature. In the previous version, the sl and tp levels are not set when opening a trade, the trade is modified right after opening with the desired sl and tp levels. Now you could activate the function which enables you to set tp and sl when opening a trade. A rather useless function you may say, but some clients reported that this is the only way Zamolxis works on their broker, by setting tp and sl when opening a trade, not after.

8. Please welcome to our new pair: EURJPY

If you ask me, I think I succeeded in getting the best out of forex robot trading. This page will serve as inspiration source for many forex robot vendors, but it’s ok. 🙂

Backtests

Zamolxis v30 USDJPY backtestZamolxis v30 GBPUSD backtestZamolxis v30 EURUSD backtestZamolxis v30 EURJPY backtestZamolxis v30 AUDUSD backtest

So, is it more profitable than the previous version v20? Short answer is no, the overall profit is almost the same, but the safety is highly improved, the risk has been greatly reduced. Please take a look at this picture, it’s a comparison between the previous version and the current one:

 

Let’s take USDJPY for example: Version 2.0 produces a profit of 145.18% and only 1532 pips. Version 3.0 produces a profit of 102.15% and 3410 pips! Which means the version’s 2.0 higher profitability comes from a large number of increased lots which leads to a much larger risk! See the difference?

Let’s see how it trades in the wild, how profits are protected in version 3.0

Thanks to our trailing stop function we added, sometimes, when the market conditions are appropriate, you only risk 8 pips in order to get 82!

Now, take a look at both forward tests. The new version produced 1600 pips within 2 months while the previous one produced 3000 pips within 18 months! The profitability is now focused on individual trades instead of just increasing lots. This is a huge step forward.

Overall profitability, if all pairs are traded in portfolio, is the same! All years are profitable.

Portfolio (EURUSD, AUDUSD, GBPUSD, EURJPY, USDJPY)

Drawdown

When I designed this system I had the followings in mind:

– I don’t have the patience to suffer many years of drawdown (Ok, I’m finally admitting it, I’m not a patient man even if I’m doing all my best to become one). But leaving aside my lack of patience, what’s the point of waiting 2-3 years without even being certain of further recovery? So, I’m not willing to wait for recovery more than 3 months, the most! The portfolio analysis shows a maximum drawdown period of 70 days, but in real life trading I’m sure that it will be extended to 3-4 months. Ok, so no more than 4 months without profit. Please take a look at my former portfolio, for example read this post, the main problem is the drawdown length. Without a nice recovery function, you are doomed to wait for a hypothetical recovery for years.

– Drawdown depth should be no more than 25% of my account, the most! I’m willing to take such a risk if the recovery is fast. Portfolio analysis shows a maximum drawdown of 15% but as I said before, real trading conditions are different and I’m expecting a 25% drawdown.

– I have to know exactly when the strategy becomes invalid and when the robot should be retrained.

Is the profit guaranteed?

No, of course not, aren’t you tired of being scammed? Nobody can guarantee the profit, no one can foresee the future and market changes. All we can do is try our best according to our current knowledge of math, programming and statistics.

www.longtermforex.com


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