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If your manual trading strategy gives positive and stable results, then there is no point in looking for someone else's robots. It is better to try to automate your strategy - this will be the best EA for you.
You are right. I think that no matter what strategy you have, indicator or non-indicator, there will be wrong and false signals in any case, so I always put stop-losses in my orders and calculate the size of positions according to the rules of money management.
When a trader uses trend lines, he limits himself to actions within a clearly defined market direction, which minimizes the likelihood of opening positions against the main trend and allows him to earn on broader trend movements.
Trading on news requires quick decision-making, which can lead to strong psychological pressure. In conditions of strong market fluctuations, traders can make impulsive decisions and receive considerable losses.
The importance of training on a demo account is undeniable. But there is a negative point here - the lack of a psychological component, which greatly affects the results of trading on a real account. Therefore, after a demo account, it is better not to rush to open a real account of a large size...
A beginner should also be able to understand the robot settings, be able to optimize it and program it for trading a certain pair so that there is a chance of success, and not just find a robot on the Internet and immediately try to earn money on it, as many beginners do, and then become...
Fundamental analysis is especially useful for traders who stick to swing trading or long-term positions. Knowing important fundamental factors helps traders justify their decisions and hold their open positions for a long enough time, allowing profits to grow.
I hope that all parties to the conflict will show common sense and not use nuclear weapons. After all, in such a war there will be neither winners nor losers.
The problem with algorithmic trading is that forex robots can often be unprofitable in the long run. After all, automated systems follow strict rules and if the market situation changes, the algorithm may not have time to react to the changes, which will lead to losses.
To gain the necessary knowledge and skills, there is a lot of free information on the Internet on forums, YouTube and blogs. My broker's official blog was very helpful in my training, as it contains educational materials that cover various aspects of Forex trading, such as strategies, risks...
Also, robots cannot take into account sharp and highly volatile price movements when important fundamental news is published, when the price can behave unpredictably and sharply contrary to the readings of any indicators and algorithms, leading to large losses during this trading time.
Martingale is good when the market is in a narrow horizontal flat (range) and the price moves within it. Then you can earn money trading this way. But it can be difficult to determine when such a flat will end and the price will continue to move in the direction of the trend, taking your deposit...
Judging by the trend of this pair and the constant updating of historical maximums, I think that in the near future it will be able to reach the mark of 3000.
There are many educational materials for individuals: courses, video tutorials, demo accounts, trader forums and webinars. Brokers and platforms actively support traders, offering free and paid resources to improve skills.
Trade only with capital you are willing to lose and adhere to strict risk management rules. Only your experience can show you when you can risk more money and earn more in forex.
In addition to YouTube, there are other useful materials for training in the free network. For example, my broker has an official blog, where I find high-quality training materials and articles on various trading methods. They also publish forecasts on technical and fundamental analysis, which...
To manage risks on forex, you need to use stop losses in your trades, correctly calculate the lot size in transactions according to the risk management rules, and also trade with a reliable regulated broker with an impressive period of work in order to minimize your non-trading risks. For...
I would not recommend using the martingale strategy in your trading. For example, if the market is trending steadily in one direction, then attempts to trade using Martingale against this trend, increasing volumes on unprofitable positions, can lead to continuous losses, since the price will...
The Fibonacci grid is a tool based on mathematical levels, but it does not provide exact predictions. The levels it creates are often useful, but they do not guarantee an exact price reversal. The market can break through the Fibonacci levels without reacting to them or without reversing in the...
The market can also be highly volatile and unstable during the publication of important fundamental news or events. For example, a central bank decision to change the interest rate can cause a sharp movement in currency prices, as investors react to such news instantly.