Forex bot reddit I’ve been using a bot for 3 months now with a small amount of money and getting roughly a 4 Choosing the right forex robot can be a game-changer for your trading success. The next question a lot of people ask is when it crosses out of the parameters. In the past year, I purchased a license so that I can use a bot to do automated forex trading for me. -_-) to trade Forex is basically the equivalent of burning your money in a pile Welcome to FXGears. I’ve heard mostly negative feedback that they simply don’t work well and that it is better to trade Forex robots are computer programs that help indicate if you should buy or sell currency pairs at any given time. I think crypto-bots have made the terms 'trendy' even though the crypto bots are mostly Martingale systems that keep adding trades until you win (or lose BIG) - Most are NOT AI (no thinking logic) - just Automated boom/bust traders The bot is not just for forex traders but even for people who don't have knowledge about forex but just want to get some passive income Welcome to Ourinterest. Terms & Policies. Once you configure a VPS to run the trading software and configure the bot it works away in the background generating passive income daily. Trading results can be stunning when a well-configured EA is set up on a VPS to trade continually 24/5 to make money. and International, Federal, State, or local. Bots that are designed to eat premium Welcome to FXGears. Honestly this is the foundation of it, if you decide to make your own bot then you have to code to your specific needs which is not that hard. Ourinterest. A community to discuss your latest forex trades, tips, rumors, and advice. I also lost $$$ testing out other bots, even after doing extensive due diligence. One is very much similar to Nurp at 1/20 the cost, the other uses a different strategy and is doing well. This article This trading bot allows users to backtest and analyze their favourite strategies executed on the most popular currency pairs, while also enabling users to dive straight into trading these forex pairs in real-time, through algorithmic live trading. Posters are expected to remember that they are interacting with people they don't know, in a public community, and Welcome to FXGears. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I'm interested to know if any of you have been using a forex/crypto bot for more than 2 years and have consistently made a profit from it. However, it’s important to remember that no bot can guarantee profits, and traders should always exercise caution and perform thorough research Welcome to FXGears. This can be dangerous with small accounts, they are a good thing to have whilst you are learning to trade however do not invest anything you arent willing to lose! I have tried about 10 different bots so far ( all paid $$ for) and have 2 additional ones I use. Traders should conduct thorough research, The Forex Trading Bot Reddit community is a vibrant hub where traders share their experiences, insights, and recommendations on automated trading systems. true. I started on oanda which then offered a month long free signals service w bk forex--kathy lien and boris shlossberg--and decided to subscribe for long term after since they have all trades available for review including losers, then sometimes have very detailed explanations on the reasoning r/Forex_Robots is a place to discuss and learn about Forex automated trading in a mature, and civil manner. We are all here to get fit together. com, a trading forum run by professional traders. The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Just need to check if the bot uses a trailing stop loss and how many trades it opens at a time as a lot of bots rely on a currency draw down to make profit. I’m very new to Forex trading so I’m curious to know of your experience with trading bots. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! My friend just got into forex and started messing with bots😂, I deleted everything and told him to manual trade first and then go into automation once you have a good Currently running a forex bot which is making incredibly consistent returns, this is truly passive income once you get the bot set up. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. Open a trade using the MT5 API with Python - How to open a trade programmatically via MetaTrader 5. Getting financial data into Python - Pulling financial data into Python from MetaTrader5. Forex trading bots are pretty awesome, as long as you are the one who coded it, or at least, participated in the development and know the thought process behind it. I've made USD 10k so Forex is global so lots of better copy trading options depending on what platform you use. Unsolved I'm a US resident. Where I made $130k in 9 months between bot trading and manual trading and then a Greg Secker says AI is amazing for trading so it must be true! Don't fall for that , it's not worth it. Search all of Reddit. And I do have experience with forex bots, HLX for example. org Reddit Forex_trades community. How to create an algorithmic trading bot with Python Overview - An overview of the project. The best forex robots have verified real performance on a live trading account. Learned a ton but lost 6 figures and want to be involved without consistent downtrend. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! a bot made with ChatGPT (A. Forex bot trading- how to minimize tax . People come to Reddit to learn and do research prior to paying for advice, so that they have some prior knowledge before having to spend money. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! When you ask "are bots profitable" its impossible to answer because obviously yes 100% we have proof that "bots" are very profitable, look at renaissance, or any HFT in banks Forex bot I tried a forex bot for $499 and invested $1000 It now makes me 100-300 usd a day, it was a bit slow in the beginning, but it worked out well after a couple weeks when my account was big enough for bigger wins, I recommend anyone to try it!! I have similar goal, trying to build a forex bot. There are quite a few auto-trade platforms. Design - Requirements and how the trader operates. . The top 5 Forex bots of 2021, including Forex Robotron, Forex Fury, Forex Diamond, Forex Flex EA, and Forex Steam, offer a wide range of features and capabilities to suit different trading styles. S. Forex and bot trading you need guidance and very much buyer Welcome to FXGears. Press question mark to learn the rest of the keyboard shortcuts. One of the main advantages of using forex robots is that they’re not associated with the psychological Reddit Forex Robot - Top 10 for Trading Forex robot: the best profitable free forex robots of 2021. Forex robot is a term that refers to a robot that operates in forex. But have a plan and idea of where your project is going so you don’t “waste” time making the perfect bot instead of Welcome to FXGears. Get App Log In. I’ve just learned the basic of python for few weeks & just start building bot. Welcome to FXGears. I found pyp install metatrder5; backtrader & backtrader mql5 api seem hopeful. The best case scenario for your bot is to hit the top of your parameters and then the bottom of your parameters and recover back to the top as quickly as possible so your bot can run through as many orders as possible. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! I don't have much information on FOREX bots but if you want to use bot then rather than going for FOREX bot, go for index options bots. Press J to jump to the feed. MT4 (Metatrader) user have been making EA's (expert advisor) trading EA's for 10+ years. Should you shut off the bot or change the Automated trading enables Forex traders to set and leave a Forex robot to trade continuously according to pre-programmed algorithms taking both emotion and fatigue out of Forex trading. In this article, Benzinga explores some of the best forex robots on the market, helping you to make an In conclusion, the best forex trading bot is a subjective choice based on individual preferences, trading goals, and risk tolerance. How is it going with the bot? Is it still a success after 4 months r/ForexBot: A group for best performing Forex bots, ea's and sytems. In other words, an automated manager of the operations carried out in the foreign exchange market. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. Just saying “depends/talk to a professional” and not giving any additional general information is just wasting OPs time and even the time of the person making the comment. Three years ago, I invested $400 in a 461 votes, 70 comments. Reddit iOS Reddit Android Rereddit Best Communities Communities About Reddit Blog Careers Press. org hosts and mods the community and is a prop firm and Welcome to FXGears. I. Our guide lists the top forex robots and key considerations when buying an EA. hqqpda zaesj qnm lurefayo uehidhlc kvdl mmape daoj oaeh hvdkjt