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Intraday Trading Tips

Intraday Trading Tips That Helped Me Stay On Track

Hello, everyone. Welcome to our blog where we share trading ideas, our experience, and a lot of free strategies for trading. Today I will share with you a few intraday trading tips.

If you are a beginner trader, the video above is a must-watch. This is because I will share a lot of my experience and I will give you some intraday trading tips. I hope that you will find that useful for yourself before you start actual trading.

Let’s start with what is actually intraday trading. As you may guess from the name, it is trading within the day. In other words, this is when we trade during the day and we close all of our trades by the end of the stock session. Usually, by the end of the trading day.

The Stock Exchange

And actually, intraday trading is more popular for the stock market and for the ETFs where we have trading from one hour to another hour. It depends where you are, if you are in Europe you can catch the London stock exchange.

Basically, you will be opening trades when the London stock exchange opens and close the trades usually a few hours later. Then in the afternoon, you can catch the New York stock exchange. As well, we have the Asian stock exchange which is at midnight for those of us in Europe. But, of course, it’s during the day for everyone in Asia.

New York Stock Exchange

So the stock exchange really matters no matter what you are trading if you are trading Forex. This is because day trading as well is very popular with Forex trading. This is how I have done it the most because during the stock exchanges there is huge volatility with the currency pairs as well.

Stock Exchange Hours

For example, in Europe when we trade the London stock exchange, there is huge volatility on the GBP together with all the rest. So, for example, we trade the GBPUSD, GBPCAD, and EURGBP, obviously, EUR and the GBP are with the same time zone, or with the same stock exchange hours.

And then in the afternoon when the New York stock exchange opens, usually, we see more volatile USD which sometimes is positive and sometimes negative. So it depends where you are how you want to do it. I would suggest you to try no more than 2 stock exchanges. So if you are in the US, most comfortably will be the New York stock exchange. And then you can catch the Tokyo stock exchange, for example.

If you are in Europe, then you will be trading the London stock exchange in the morning. And then in the afternoon, you can trade the New York stock exchange.

But don’t go for the 3rd one because this is quite exhausting. I tried it and it was a mistake because it takes you almost 16 to 18 hours to go through the 3 of them.

This is the first of my intraday trading tips – you should not trade the 3 stock exchanges.

Picking The Right Time

Just pick 2 of them according to your time zone. Otherwise, it’s too much. You get exhausted and in the long term, you will have losses because simply you didn’t sleep enough.

So take it easy with the time. I always suggest you trade no more than 8 to 10 hours a day if you’re a full-time trader. An intraday trader. This is what everyone does after some time. And usually, in the beginning, it’s a lot of passion and everyone wants to trade more and more. But with time, you will see that it’s wrong.

It’s not about how long you will stay in front of the computer. It’s about how you will be trading.

No matter whether you’re doing stocks, Forex, ETFs, or Cryptocurrencies, you don’t need so much intraday trading because the Cryptocurrency market is opened all the time. There are no hours.

The Setup

And it goes through the weekend as well so you can do kind of scalping trading with Cryptos. But it’s not related really to the stock exchanges or to the volatility we get from these markets. So what you will need to have a comfortable intraday trading is a good setup at home.

I’ve been through many setups in some of my videos. You will notice that before I had 6, 7, 8 I think I reached a maximum of 10 monitors. Then with time, I started to reduce them. This is because I switched to algorithmic trading so I don’t do manual trading anymore.

Intraday Trading Tip #2: Have A Proper Setup

But if you are an intraday trader who will be scalping manually and you will be executing the trades manually, you will need definitely a good setup. I’m not saying you go straight away with 6-10 monitors or anything like that. You should go with whatever you need.

Intraday Trading Monitors

So, for example, start with 2 monitors and do whatever you want until you need to have an extra monitor. Then just add one by one or buy a bigger one. But don’t invest too much from the beginning. Especially if you’re a beginner because it might turn out to be a waste of money if you cannot handle a huge volume of trading. Or if you fail to have enough profits from the beginning, then you will not need the monitors.

So the next of my intraday trading tips is to prepare a comfortable setup for your trading.

A comfortable setup for me is anything that will make you comfortable during the trading. As long as you will be able to see whatever you are watching. Is it a few currency pairs? For example, on one monitor, I always keep the majors. These are the EURUSD and the GBPUSD, but the USDCHF is no longer considered as a major. It was before but recently it’s not after it was released from the EUR.

And then we have the AUDUSD, the NZDUSD, the USDJPY, and the USDCAD. These are the pairs that everyone is watching all the time.

The Trading Indicators

Now what I would suggest you take is a Currency Strength Meter.

This is usually an Indicator. For example, I’ve been using Forex Profit Supreme Meter which is really great strength Indicator. And instead of having a monitor with all the currencies where it takes some experience and it needs the experience to follow all the currencies to recognize which is the strongest at the moment. But if you have an Indicator like Forex Profit Supreme Meter or any Currency Strength Meter they all work well.

They will show you which is the strongest currency at the moment. OK, usually you will see them just in a list, and then you will see for example the GBP on the top with 97 something depends on how the Indicator is developed and at any moment you will know which is the strongest currency pair to trade. And of course on the bottom, you will see which is the weakest. Right?

And usually, the combination of the 2 is the best choice to trade during the stock exchange.

So for example, if you have a very strong GBP and a very weak JPY at this moment. The best thing to trade is GBPJPY and obviously, you would want to Buy the GBPJPY, scalp it, Sell it and that’s it. I have done intraday trading only using the Forex Profit Supreme Meter Indicator, it’s a strength Indicator and it works really nice if you combine it with a strategy.

Intraday Trading Tips

I have such a strategy in my London, New York, and Tokyo trading course which I’m planning actually to re-record this year, by the end of the year hopefully, I will catch it. I will succeed to catch more examples, so I will upload to the course new fresh examples from intraday trading.

And the next intraday trading tip I would like to give you is about your mindset before you start trading and while you are start trading. If you have a losing day don’t be disappointed.

OK, it’s intraday trading, it means that every day you will open trades and you will close trades, right? And at the end of the day, it is very likely that you will be losing. You cannot be profiting every day. OK?

It’s really hard, honestly said I have over 10 years of experience in trading and to be profitable every day is very very hard. So if you have a losing day just go over it, start with fresh mind on the next day, forget about the old day don’t be disappointed, don’t try to cover the losses from the previous day.

Intraday Trading Targets

If you try always to cover the losses, it’s more likely that you will be losing again or even you will lose a bigger amount. For example, if you have a daily target of 50 pips and today you lose 70, tomorrow your target is 50 pips again it’s not 70. Forget that you have lost 70 the other day.

You have your daily target and no matter what happens during that day just go for your daily target. OK? This is a very important day trading tip and remembers that.

In the month we have 20 to 22 trading days which means that if you have less than 10 losing days and more profitable days you will be on a profit at the end of the month and this is what matters. OK? And here comes the same logic if you have a losing month, that’s OK, it happens. OK?

Go for the next month and the next month and the next month and obviously if you have 3-4-5 losing months then something is wrong with your strategy. There is something you have missed and you should just restart it or go for more education before you start the next month.
But if you have a few losing days that’s OK.

Intraday Trading Strategies

If you have traded with Expert Advisors or these are the Robots and you have done backtests you will know that with every strategy there are drawdown periods, there are losing days, weeks, and months.

This is why the best thing I recommend is using more than 1 strategy. So if 1 strategy brings you losses the other will compensate and you will have more stable results.

Start-up Capital

OK, so the last intraday trading tip I would like to share in this article is about trading capital. It is very important obviously and it’s related pretty much to money management.

So if you are starting, you need to know that you need capital, and of course, in the beginning, it’s very recommendable to go for a Demo Account. Just to practice, right?

But after you decide to go for real trading, you need to have capital. Many people ask me is it OK to start with $100 or $200? And I never suggest starting amount. It’s up to you, it depends how much you can afford to lose, this is how they usually call it. The money you put in your trading account, you should be comfortable losing them.

Because anything can happen on the market, you can fall under the emotions, you can blow your account easily. Especially if you’re a beginner, if you’re not following a precise strategy and a good money management you can blow your account or in other words you can lose it all.

Live & Demo Accounts

Keep that in mind and, back to the question is it OK to start with a $100 or $200? Of course, it’s OK but what will be the end result out of there? If you do 10% in the month which is a very normal and a good result for intraday trading, you will have obviously $10 to $20.

And from there comes the question is it worth trading all day, all month for $10 to $20? If you are just practicing with a small amount that’s absolutely fine. I’d rather prefer to practice with a small Live.

For example, if I get a new strategy I’ll prefer to practice on a small Live Account instead of on a Demo but this is because I already have experience.

If you’re a beginner trader first start with a Demo account.

So if you are starting with $100 or $200, you cannot really expect to leave your daily job and to have enough income for the month to cover all of your expenses, right?

Salaries vs. Trading Profits

For example, if you have a daily job where you earn I don’t know a $1000 depends where you live, for example, in Bulgaria the standard is very low, the average salary is somewhere at $500 at the moment and I know there is worse in Africa and some of the Asian countries, right?

And at the same time in UK, Germany, United States, Australia the people receive a lot more and they wouldn’t be happy to leave their daily job if they don’t get at least $4000-5000 so to have a 4-figure or even more as an income from trading you need capital.

I would say that a normal starting capital to have $5000 as a profit at the end of the month would be $50 000. OK? Which is 10%. So you cannot expect to make every month $5000 if you start with a $1000. That would mean you are doing, you should be doing 500% which is kind of unrealistic honestly. OK?

Please like the video and subscribe to our YouTube channel

So keep these intraday trading tips in mind. If you have any questions let me know in the comments below or in the forum. I’d be happy to answer.

Finally, be very careful with the starting amounts, this is the most important at the end of the day if you’re a beginner. Start with a Demo, see realistically what you can achieve.

If you are not happy with the results then maybe it’s too early to leave your daily job and I would never suggest you leave your daily job before you have more income from the trading, compared to what you earn and this is personally how I did it.

OK, guys, thank you very much for reading. If you have found this video useful I would appreciate it if you click a Like button and also subscribe to our channel to get more of my free videos and intraday trading tips.

Cheers and have a great day, bye.

February 1, 2021
BlackBull Markets Review: Is It Legit Or Another Scam?
Want to know whether BlackBull Markets is a legit broker or yet another scam? We have compiled this BlackBull Markets review only for you!

In this honest BlackBull Markets review, our research team has uncovered some of the most important points you should consider before selecting your broker. At the end of this article, you’ll be able to decide whether or not to use BlackBull Markets for your online trading needs.
Table of Contents:
BlackBull Markets: Overview

BlackBull Markets is a trading broker that was founded by trading experts with a strong background in fintech development, Forex, and data security, in the year 2014. Within a short span, they have become one of the most popular trading brokers for Forex, Indices, Commodities, Energies, Metal, and CFDs.

BlackBull Markets Review

The company is based out of Auckland, New Zealand, the country which hosts a rapidly thriving Fintech industry with the likes of the government.

However, the reputation and popularity gained by BlackBull Markets compelled them to expand their operations to New York, London, Jakarta, and Kuala Lumpur. They claim to operate with full honesty and integrity.

BlackBull Markets is an ECN (Electronic Certified Network) broker with No-Dealing Desk (NDD) and Straight Through Processing (STP). The global partners of the company include Liquidity Providers for a great depth of market and a huge pool of liquidity. In short, this offers likable trading conditions to traders all across the world with lighting trading speeds, reliable customer support, security, and firm BlackBull Markets spreads as low as 0.1 pips.

Further, liquidity comes from the reputed international financial institutions including JP Morgan, Goldman Sachs, Merrill Lynch, Credit Suisse, SMBC, RBS, Bank of America, Commerzbank, and BNP Paribas.

BlackBull Markets Regulation

Talking about BlackBull Markets regulation, the company is registered with the Financial Service Provider Registry (FSPR) of New Zealand. It is also a reputed member of the Financial Services Complaints Limited (FSCL) dispute resolution program. The main goals of FSPR include providing the company information, increasing transparency, and helping in meeting the CFT or AML obligations across the globe.

Further, the organizations that are registered with FSPR should also be a member of an independent dispute resolution program. This is to make sure that the complaints are addressed independently and Impartially with full honesty.

BlackBull Markets Is Certified Financial Services Provider

BlackBull Markets group is a certified Financial Services Provider under the registration number: FSp403326. It also owns a Derivative Issuer License passed by FMA ( Financial Markets Authority). Latter is the government organization that regulates all the financial markets of the country.

Apart from all this, BlackBull also have Counter Financing of Terrorism (CFT) and Anti Money Laundering (AML) strict policies. These policies make sure that all the business operations are ethical and safe.

The company is striving to have the highest level of operational standard and conduct along with a well-maintained supervisory that protects the traders from security threats.

Furthermore, the funds deposited by the clients are safely held in separate accounts. This is for speedy processing and to make sure that they are not used for any unsafe purposes. In this way, clients get peace of mind that their money is in a safe place. Their banking partner is ANZ Bank which is a financial institution with a strong reputation in Australasia and is also well-known globally.

BlackBull Markets group has developed strong relationships with both FSPR and ANZ Bank to make sure that they offer the highest level of security to their clients. Further, the company submits files and audits every year. The best part is, that a majority of this legal information is available in the public domain.

BlackBull Markets Review: Service Quality

The services and top-end trading tools they provide have won numerous awards for innovation and technology. BlackBull Markets is one of the rapidly growing companies in the industry. In fact, back in 2018, they have won the prestigious Deloitte Fast 50 award for being the fastest growing companies in New Zealand. They have earned a global reputation and presence by developing highly advanced fintech solutions including their own aggregation software.

Broker Services

BlackBull Markets Review: Countries

BlackBull Markets operates globally. They accept clients from all across the world excluding countries such as Russia, USA and Spain. Furthermore, some features of BlackBull Markets may not be available for the clients from some particular nations because of legal restrictions.

BlackBull Markets Review: Trading Platforms

BlackBull Markets use one of the most popular and renowned trading platforms, MetaTrader 4 or simply BlackBull Markets MT4. This platform is founded by MetaQuotes. Besides, platforms like FIX API Trading and Virtual Private Servers are also available.

Blackbull Markets also offer TradvingView. If you open an account with Blackbull Markets you will enjoy a free TradingView Pro subscribtion. That would save you a lot of money if you are are using TradingView in the longterm.

MetaTrader 4

MetaTrader 4 is the first choice of many traders. It is suitable for both newcomers and industry experts.

This platform is popular for its ease of use, user-friendly interface, advanced features, customizability, and simple learning curve.

Moreover, the key features of MetaTrader 4 include around 85 inbuilt technical indicators, real-time market quotes, multiple order types and timeframes, chart analysis tools, templates for trading strategy, automated trading, etc.

Do you want to learn more about MetaTrader 4? Check out our MetaTrader 4 Tutorial for Beginners.

This BlackBull Markets’ platform is linked to the NY4 Equinix server situated on Wall Street, which offers high-speed execution in just 2 to 4 milliseconds. In other words, this is a reliable server that enables you to trade directly with a full range of trusted liquidity providers allotting the best ask prices and bids with tight spreads and low slippage.

In addition, MetaTrader 4 is available for almost all platforms including mobile (Android and iPhone), desktop(Windows, Mac) and web. If you’re looking for an easy to use and convenient way then the mobile option will be best for you. You can enter/exit positions, manage orders and perform other options from a simple click.

FIX API Trading Option

BlackBull Markets also offer a reliable FIX API trading option for the traders who want to use their personal FIX application. In other words, this enables the clients to avoid the MetaTrader 4 app and use Direct Market Access (DMA) by connecting it to the ECN grid.

Direct Market Access improves the transaction speeds and minimizes the latency. However, FIX API options are only available for clients with institutional accounts.

BlackBull Markets Review: Trading Tools

Although they offer the most reliable MT4 platform that offers a great collection of built-in tools, BlackBull Markets doesn’t offer other separate trading tools. Instead, the platform focuses on providing additional functionalities through partnerships with free access for eligible clients.

Virtual Private Servers (VPS Hosting)

BlackBull offers Virtual Private Servers or simply the VPS hosting which is directly connected to the Equinix Servers via optic cables, using it you can keep your trading platform running on a remote basis without having to turn on your computers.

Further, you have the opportunity to customize the server according to your needs and preferences and minimize latency as high as 30%. These servers are the most suitable for expert traders who need a higher uptime of no less than 99.99% and use the trading platform 24/7.

Moreover, the BlackBull Markets users can get a free VPS if they own a prime account, maintain at least 20 lots, and have at least a $2000 deposit.

Multi-Account Manager (MAM) / Percentage Allocation Management Module (PAMM)

BlackBull Markets provides PAMM and MAM solutions for fund managers who need to process bulk orders from one main account to multiple accounts.

Talking about the MAM software, its auto trade function is highly advanced and can be customized according to your trading requirements. Further, it is designed to work with the BlackBull Markets MT4 platform. Coming to the PAMM system is also customizable with a centralized liquidity pool for supplying profits and a high-water mark clause which ensures that you don’t have to pay any additional fees if the value goes down below your initial investment.

SwipeStox

SwipeStox is a well-known social trading platform where traders from all across the world share their trading related knowledge with each other to make better trading decisions. Moreover, you can follow the effective and lucrative actions of your fellow traders to improve your own trading portfolio.

In addition, it offers a highly intuitive interface using which you can access, accept or deny the trades in real-time. If you’re a registered client of BlackBull Markets, you can sign up for SwipeStox for absolutely free and connect your trading account to the SwipeStox account.

PsyQuation

PsyQuation is a useful trading management tool that allows you to monitor your trading performance. In addition, it helps you to analyze your actions and shows your weak areas that need to be improved. You can manage your trading, set your goals, set notifications via an easy to use interface. If you’re a BlackBull Markets client, you can create your PsyQuation account for free and connect it to your MT4 account.

Economic Calendar

On the website of BlackBull Markets, you’ll find an economic calendar widget that is powered by MetaQuotes. This calendar shows all the news events related to trading and stock marketing. You can find the news event, relevant currency, and stock forecasts.

BlackBull Markets Review: Education

The learning curve of BlackBull Markets is very simple and quick. This means you can easily learn trading with the broker on MT4 or other platforms. They offer a video tutorial section that includes useful videos on the topics such as how to set up and use your trading account, how to get started, how to perform chart analysis etc. The broker also offers some useful and easy to understand trading guides and review articles to help the clients make informed decisions.

BlackBull Markets Review: Trading Markets

BlackBull Markets allow its clients to enter a wide array of markets including over 64 minor, major as well as exotic currency pairs, precious metals like gold and silver, indices from leading markets, and commodities including gas, oil, and energy.

Forex

BlackBull Forex needs no introduction as it is the most popular financial market which most traders across the globe use. Its daily trading volume on average goes as high as $5 trillion per day.

BlackBull Markets allow its clients to enter a wide array of markets including over 64 minor, major as well as exotic currency pairs that are available 24/7 for trading, with tight BlackBull Markets spreads ranging from just 0.1 pips and flexible leverage of around 1:500.

Index CFDs (Contract for Difference)

BlackBull Markets traders can enter the global equity markets and diversify their trading portfolio using a wide array of indices including US30, AUS200, SPX500, GER30, JPN225, and UK100.

For those who don’t know, Indices are the value of particular markets based on the value of companies in the market. They are normally traded as CFDs and grouped according to similar categories.

The broker does not charge any amount on CFDs. Further, there are no hidden charges, re-quotes, and mark-ups you need to worry about.

Commodities

Traders get the opportunity to diversify their portfolio using a wide array of commodities such as oil, gas, and energy. Further, there is flexible leverage and minimum prices.

Commodities are usually classified into two categories: hard (silver, gold, and crude oil), soft (livestock, sugar, and cocoa). However, a thing to keep in mind is, commodities can be impacted by environmental and political scenarios.

Precious Metals

BlackBull Markets allows the clients to trade valuable metals like silver and gold with flexible leverage and minimum trade rates. This feature helps the client to build and enhance their portfolio in a safe manner.

Energies

The broker offers energies including oil, natural gas with flexible leverage and a cost-effective pricing model.

BlackBull Markets Review: Trading Accounts & Fees

BlackBull Markets offer a set of trading accounts you can choose according to your trading experience and requirements. In addition, each account offers flexible leverage of about 1:500 and a lot size of 0.01, and free access to the trading markets.

The best part is, there are demo accounts that you can use to test the trading platforms and other things before opening your actual account. This is a great facility because you can stay assured that your money is in a safe place.

Further, all the accounts offer deep liquidity from a number of reputed banks along with raw interbank spreads starting from zero pips. All the accounts are compatible with the MT4 platform and offer easy deposit and withdrawal mechanisms.

To sum up, here are the different types of accounts that BlackBull Markets offers.

BlackBull Markets Trading Accounts Comparison

ECN Standard

This is the standard account recommended for beginners. BlackBull Markets does not require minimum deposit. It uses the Equinix NY4 server for speedy trading. Moreover, this account is free from commissions and offers spread as low as 0.8 pips.

ECN Prime

For opening a Prime account, you need to deposit an amount of $2,000. It runs on Equinix NY4, TY3, or LD4 servers that offer high-speed operations. The commission fee with this account is $3 and spreads are as low as 0.1 pips.

ECN Institutional

This one is the biggest account recommended for trading experts. It needs BlackBull Markets minimum deposit of $20,000 and allows you to customize the server according to your requirements. In addition, the commission charge is negotiable and spreads are as good as 0 pips.

BlackBull Markets Minimum Deposit & Withdrawal

BlackBull Markets offer a very convenient deposit and withdrawal mechanism. You can select your own deposit and withdrawal methods from available options such as credit /debit card, banking and via online payment processors such as Neteller and Skrill. However, not all the BlackBull Markets withdrawal methods are equal. Just like any other thing, some methods are better than others.

Note that you may have to pay additional fees for using particular methods. Also, bank transfers may take some time before reflecting in your accounts. Moreover, there are multiple currency options including USD, AUD, EUR, CHF, GBP, CAD, HKD, SGD etc.

BlackBull Markets Review: Customer Service

BlackBull Markets offer a great customer support that is available 24*6 via email, phone and online chat. The broker aims at providing 24 hour response time at maximum. Further, they have offices in major countries and representatives in leading markets that offer quick support and address the queries of the traders.

BlackBull Markets Review: Pros & Cons

Pros
- Offers global Equinix servers for fast execution
- Offers FIX API trading solutions
- Registered as Electronic Communication Network
- Partners with leading liquidity providers
- No Dealing Desk for fair transactions
Cons
- Don’t accept US clients
- Lack of educational materials
- Limited trading tools
- Lack fixed spread accounts
BlackBull Markets Review: Our Verdict

BlackBull Markets is not a very old financial institution as compared to some of the other leading brokers. However, the company has gained a massive reputation in a short time and is growing at a rapid rate. It has made its global presence and received many awards for its advanced features and functionalities. Moreover, the group strives for delivering the best possible trading conditions for its clients with affordable fees, the right spreads, and speedy execution.

Although the trading tools and educational support is limited, you can expect them to add these facilities in the upcoming time. Overall, BlackBull Markets is a reliable broker you can consider for your trading journey. You can certainly rely on BlackBull Markets.
February 1, 2021
MarketsVox Review – New Player on The Market
In this review, we will take a look at MarketsVox – a globally trusted broker based in London. The company has successfully adapted to the online brokerage landscape. It boasts of an extensive range of offerings, including Forex, Indicies, Precious Metals, and Commodities.

So, does MarketsVox fit the bill? Here is our detailed MarketsVox review. Read on.

MarketsVox Trading Assets Review

MarketsVox Review Trading Assets

Forex

Forex (foreign exchange) refers to the conversion of one currency to another. It’s the most liquid market in the world and transacts about $5 trillion a day. Because the market is open 5 days a week, traders can access all major sessions – Asian, London, and New York.

Forex is among the key offerings at MarketsVox

Whether you’re a novice or an experienced trader, there are many reasons why you should trade the Forex market. There are no hidden charges, allow for fast execution, and it has tight spreads. But one feature that makes the market unique is that all currencies are traded in pairs. You get a base and quote currency.

ForexVow allows traders to trade with stocks

Indices

These are financial instruments that represent a specific market or the whole market, in this case, equities. ForexVow allows traders to understand the movements and plan an investment strategy. When trading Indices, you take advantage of the price movement – not the underlying equities.

Indices have competitive spreads, so traders can benefit from falling and rising prices. You can also trade metals and oil.

Precious Metals

Precious metals are among the oldest and most trusted forms of currency. With MarketsVox, you can trade with Gold and Silver. However, since you’re trading a CFD, you’re not physically buying or selling the precious metals. Instead, you’re able to benefit from the fluctuation in global prices.

With MarketsVox, you can trade with Gold and Silver

MarketsVox enables trading on the global oil market

Commodities

MarketsVox enables trading on the global oil market. You’re not physically buying or selling oil, but you are trading oil CFDs. However, you can still benefit from the price movements.

MarketsVox Review: Regulation

MarketsVox (Seychelles) Financial Services Limited is authorized and regulated by the Financial Services Authority of the Seychelles, the license number SD142.

Generally, FCA is an independent body that oversees how financial service providers in the UK conduct business. It’s mandated to ensure standards are followed and protect the funds of the investors. Financial Conduct Authority is one of the most coveted licenses that carries the reputation of credibility.

MarketsVox broker is FSA regulated, meaning it has followed all the laws as far as transparency and security of transactions are concerned. For a broker to be FSA regulated, he must follow the minimum capital requirement.

Looking for a more regulated Forex broker? Check the Recommended Brokers we have on the website.

Regulation takes a major part in our MarketsVox review

Also, the license allows the broker to deal with Forex and CFDs. Once a Forex broker meets such requirements, some ethical practices must be followed. To start with, they are required to segregate client funds. This involves maintaining a separate bank account that can be used to cater to its expenses.

Secondly, the broker should report and audit statements. Furthermore, they must meet the capital adequacy requirements. Of course, the accounting statements must be prepared according to the generally accepted accounting principles.

MarketsVox is also required by FSA to offer friendly leverage to customers. The imposed leverage units ensure that traders get friendly limits.

The body also sets guidelines for traders. It ensures customers don’t invest in products not suitable for them. Since MarketsVox broker is FSA-REGULATED, it follows strict professionalism and is transparent in its operations. You’ll find this information on almost every other MarketsVox review.

MarketsVox Trading Platforms Review

MarketsVox broker offers several different trading platforms to suit the needs of every trader.

MetaTrader 5

What’s more, it has a user-friendly interface and gives plenty of opportunities to traders.
- Real-time market
The reason why MarketsVox broker allows traders to use the platform is that they can access the market in real-time. Other details available on the platform include buy and sell orders and currency pair prices. This information will give you the overall market sentiment – bullish or bearish.
- Multiple trading orders
Once you open an account with the MarketsVox broker, you can execute the orders seamlessly. And depending on your risk management strategy, you can use stop orders or trailing stops. Such tools help to minimize the downside risks. You’ll have no problem using the platform if you want to pursue Forex trading full-time.
- Automated trading
When you get used to the MT4 platform, you can use tools that help with automated trading. And through MT5 Expert Advisors, you can create your indicators. The endless technical tools and educational resources will make your experience unforgettable.
- Demo-trading
MT4 ensures traders can harness their skills before they start live trading. You can try different strategies and indicators to see what works best.

On top of that, you can view your market activity from any location.

MarketsVox Review: MT5 Web Trader

Once you open a trading account, you can use the MT4 web platform. It allows you to access trades directly on your browser. Besides that, it offers an intuitive interface. When you log in, you can use the one-click functionality to open trades and access exceptional trading capabilities.

MetaTrader Web Trader Platform

To ensure the security of funds, MT4 Web Trader has a two-way synchronization. And if you open a trade, it will be reflected in all MT4 interfaces. Moreover, there are no delays or non-communicated trades.

When you log in to the account on the M5 platform or MT5 Web Trader, you can get full access to your account history. And just like other renowned brokers, the web platform is HTML-based. This gives traders the ultimate streaming opportunities and supports multiple asset classes.

MarketsVox broker understands that there’s a high demand for FIX protocol. Once you become part of the team, you can get access to all CFDs and commodities. Some of the benefits of API trading include system reliability, high-speed execution, tight pricing, and customized price feeds.

MarketsVox Review: Education

If you’re a beginner trader, apart from the basic terminology that you can read on the MarketsVox website, you can learn a lot from experienced mentors and traders. In our MarketsVox review, we looked at some of the successful traders recommended by the broker.

Beat Nussbaumer

Nussbaumer is a financial analyst with over 35 years of trading experience. He has been featured in numerous channels like Bloomberg and City AM. You can gain a lot of skills from the veteran trader – his market insight and experience are unmatched.

If you want to learn the DNA of how the market moves, Nussbaumer is a sure bet. Moreover, he will help you understand the correlations of the major currency pairs and crosses. Once you sharpen your skills, he will teach you how to develop a strategy that gives high odds of success.

Because most of his trading strategies are based on technical analysis, Nussbaumer will teach you the psychology of trading. He has been a proprietary trader at Morgan Stanley, Commerzbank, UBS, and Goldman Sachs.

Are you looking for a career in trading? Or, it’s just your hobby? Check out our online courses and free lectures to learn how our professional mentors and traders do it.

Adam Harris

Adam has been a personal mentor for over a decade. He’s an expert in trend trading and uses multi-market approaches. Also, his strategy for trading is evidence-based and can be beneficial to part-time and full-time traders.

Adam will teach you the skills of money management and how to understand trading psychology. Above all, his trading skills suit Forex, equity, and Commodity markets.

What is FVSocial?

Whether you’re a novice or an experienced trader, the MarketsVox platform is easy to use. You get access to Forex education and market insights.

MarketsVox Review: Chat rooms

MarketsVox platform provides trade signals and market commentary to traders. Because MarketsVox broker aims at bringing like-minded individuals together, there’s a hub for traders. Also, macro traders can share their ideas throughout the day.

MarketsVox Review: Data flash

Once you join the chat room, you’ll get a data flash warning before major economic releases. Another feature that makes the MarketsVox platform unique is that users can watch all major currencies from one place. Traders can also get an insight into how the majors and cross currencies are performing.

FX HeatMaps and charts

During this MarketsVox review, we discovered that the broker enables traders to see the performance of all currencies in one place. Moreover, you can analyze the charts based on timeframes. You can also set alerts to ensure you don’t miss on any market moves.

Economic calendar

To ensure you keep tabs with all economic events, MarketsVox broker provides a calendar that highlights all events of a particular day. You can also filter news into different categories. For instance, you can filter events and leave those that show high impact. That way, a trader can prepare for any major movements and use a strategy that fits their trading plan. This is a feature that has come out from our MarketsVox review.

Forex calculators

Finally, the trading room allows you to use Forex calculators. You can decide the amount to commit to every trade. More specifically, you can calculate pip movement, pivot points, spread costs, position size, Fibonacci levels, profit values, and more.

MarketsVox Review: Partnerships

MarketsVox platform allows traders to make money by introducing others to the platform – and it is open to any trader. Unlike other companies that try to cut corners after you’ve introduced new clients, MarketsVox broker is straightforward.

A client can monitor what he or she has earned through the portal. In addition, the broker allocates you an account manager to make the process a breeze. You can also get multi-level commission and introduce sub-affiliates. The rebates from MarketsVox broker are quite competitive.

MarketsVox Affiliate Program

To become an affiliate, you should create an account, apply for an affiliate, and get into business – it’s that simple. Then MarketsVox allows you to create your own chat room and keep in touch with your clients.

If you are looking for more opportunities to earn from your hobby, check out our Forex Referral Program.

Multi-account manager

A multi-account manager allows you to manage your trading accounts from one MarketsVox platform. You can place multiple orders in one system.

What are the features of a multi-account manager? From our MarketsVox review, the company uses MAM software to manage accounts based on equity, lot, balance, etc. You can also add or remove accounts in real-time without any restrictions. The software is available irrespective of the trading style you use.

How to Open a MarketsVox Account

MarketsVox account opening process

MarketsVox platform has made the process of opening an account straightforward. You simply give your personal information, experience, and make a declaration.

However, you’ll be required to submit a few documents that show your identity and place of residence. From our MarketsVox review, the approval process is fast, so you can begin trading within 24 hours.

MarketsVox Review: Deposit & Withdrawal Funds

Customers can deposit funds using different methods, including Visa / MasterCard, Sticpay, Perfect Money, Local Bank Transfers in SEA, Wire Transfers, Crypto

Most electronic systems allow instant deposit and withdrawal of funds.

Customer Service

MarketsVox platform offers different ways of communication. You can get in touch with the competent team via phone, email, or live chat. You can also visit their FAQ question to get answers to all questions you may have. According to our MarketsVox review, the representatives will address your questions promptly to ensure you get the best experience.

MarketsVox review: Final Thoughts

MarketsVox is without a doubt, a reputable broker that doesn’t compromise on the quality of service. No matter your skill level, the industry experts will conduct market analysis (technical and fundamental) to help you execute the best trades. MarketsVox platform is regulated by FCA and allows traders to trade Forex, Indices, Oil, and Metals. Our MarketsVox review can be summarized as follows:

Pros
- There are over 100 products to trade
- FSA regulated
- Zero starting deposit
- Friendly customer service
- Fast execution of transactions
- Fully functional client portal
- Offers good education
Cons
- Offers MT5
- Doesn’t allow Cryptos
January 28, 2021
Candle Color Strategy: Trade Bitcoin on H1

Candle Color Strategy

Dear traders, Candle Color Strategy is the 4th strategy that I will be teaching you. This is one of my favorites trading strategies because it is very easy to follow. And it’s more of a price action trading because the entry rule is not based on an Indicator in MetaTrader, but it is when we have such consecutive candles going down or going up. So when we have bullish or bearish candles formation. And I will explain that in a while.

So let me open one more chart window for the Bitcoin. It will be on H1. I will change the template on black background. Here it is.

I change my chart background to black

So the rule that we have in this candle color strategy is to Buy when we see 4 consecutive candles formed in one direction, I guess this is easier for me to explain.

Or in other words, if we see 4 consecutive bullish candles, 4 consecutive bars, or 4 consecutive candlesticks that are with the same color on the 5th one, we open the trade.

We buy on the 5th one

This is a bullish example. I will put quickly 1 horizontal line and 1 vertical line. Let’s make the horizontal lime because this is a Buy trade. It’s all right. Here, we Buy 1, 2, 3, 4, and on the 5th one, we Buy.

So that’s not really an Indicator. But we are just looking for 4 candlesticks with the same color to Buy, 4 candlesticks or bars with the opposite color to Sell with this candle color strategy.

The 4 Candlestick Values

The black bodies are the positive ones and the white ones are the negative candlesticks. And we have 1 condition. We need to see a minimum body height of 50 pips. So for the beginners, one more time.

The body of the candle is the distance between the closing and the opening. We have 4 values. If I put the mouse on any of the candlesticks, we have 4 values open, high, low, and close.

The 4 values

We have the open of the candle. The price goes up and down.

We have the lowest point that it reached, the highest point, and here is the closing.

The highest and lowest point, and the closing

So with the bullish candles, the body height is the close price minus the open price. For the bearish, this candle, for example, is the opposite thing. We have the open price minus the close price.

The bearish

So the condition here is that we need to see minimum 50 pips of body height. And now, I don’t want to make you confused about pips and USD here with the Bitcoin for Pepperstone, for example, we have 2 digits after the decimal comma.

The pips

So these are the pips.

The Moving Averages

And if I say 50, then it would be 50 cents. So if we have 3 digits, then we have pips and point. But if we have just 2, this is pips or in other words, to make it very simple, we need to see 4 consecutive candlesticks and the body of each one must be minimum 50 cents of the price of the Bitcoin.

So in this example, the small candle that we have has a close of 10367.01 and it has an open of 10361.51, so it’s much more than 50 pips in this case. So we Buy and then what we have as an exit condition. We have 2 Moving Averages.

I will add them to the chart. From the Insert menu in MetaTrader select Indicators, then Trends, and click on Moving Average.

Moving Average

The 1st Moving Average is with period of 15. I will make it red.

The 1st Moving Average

And the 2nd one that I will add to the chart, this is a Moving Average with period of 45 and let me make it blue, for example. I click on OK and here it is.

The 2nd Moving Average

So when the fast Moving Average or this is the 15-period Moving Average crosses the slow Moving Average in this case, this is the 45 downwards, we exit the trade. And let’s see where this happens, it happens right over here.

The exit

OK, I will put quickly 1 vertical line and 1 horizontal line.

Take Profit and Stop Loss

So the exit is again on the next bar. We have the cross and it is confirmed on the opening of the next one. We have 4 consecutive bullish candles with a minimum body height of 50 pips.

And then the price goes up, up, up, up, and then a little bit down. And then when the fast Moving Average crosses the slow Moving Average downwards, we Take the Profit. In this case, it is a profit of 329 or something like that, above 300 USD of a profit.

We made a profit of above $300 profit

But again we have Stop Loss and Take Profit. The Take Profit is 240 USD. So first we will have the Take Profit hit I guess somewhere in this candle 240 USD above the open price. So it’s 10505 plus 240. That will be 10745. Actually it’s a little bit earlier, 45.

I guess it will be hit with that candle. Exactly 45. So we have the Take Profit a little bit earlier and then we have a Stop Loss below of 215 USD Stop Loss. This is a great example of this candle color strategy. Now, right here, we see the opposite example. 1, 2, 3, 4, on the opening of the 5th one, we have a Sell trade.

The sell trade

Candle Color Strategy With a Few Indicators

For sure, these candlesticks, they have over 50 pips or as we said, for the Bitcoin, this is 50 cents. We Sell on the opening of the 5th candlestick. And here again, we will have the Take Profit hit because the price is 10688 minus 240 USD of a Take Profit.

That would be 10488, we Sell and then we Take the Profit. So one more time. This is one of my favorite strategy because the chart is very simple and you really don’t need to have a lot of Indicators over it. All you need to look for is 4 consecutive candlesticks with the same color.

And then on the 5th one, you open the trade. And again, I will attach the PDF with a description of the strategy, very simple Candle Color.

Candle Color Strategy explanation

And we have bullish candle formed to Buy and bearish candle formed to Sell 4 consecutive candles and minimum body height of 50 pips.

And we have the exit Indicator, which is the Moving Average cross.

Thanks for reading this lecture. I wish you always have a great day.

January 27, 2021
Trading Bitcoin: Forex Brokers vs Cryptocurrency Exchanges

Where to buy Bitcoin

Hello everyone. In this lecture, I will show you what is the difference between trading Bitcoin on exchanges and trading Bitcoin on brokers. And as you probably know, the most popular way to participate in the Cryptocurrency market is through Cryptocurrency exchanges.

So, for example, right now on my trading screen, I have my account on Coinbase where I have been personally buying cryptocurrencies.

Coinbase

It’s very easy to do it. We have the Trade button. I simply click on it. I decide how much Bitcoin I want to buy, for example, for 500 EUR. And I can pay straight with my Visa card.

If I click on Preview Buy,

Click on Preview Buy

I will see how much exactly I will receive as Bitcoins, what is the purchase, and what is the Coinbase fee that I will be paying. If I pay with my Visa card, it’s a little bit more compared to if I use my EUR wallet on Coinbase. And then I just Buy it and I get the Bitcoins.

From there, I can send them to a wallet or I can exchange them for different Cryptocurrencies.

Trading Bitcoin with Brokers

Now on the other side, we have the brokers. These are companies that offer trading platforms. For example, now I have the MetaTrader platform, which is the most popular platform for trading with brokers.

The MetaTrader platform

It is free for us the traders, and most of the regulated brokers are for it, which is great.

And the difference here, when we are trading Cryptocurrencies and not Forex, is that we are doing CFD trading.

So here is the Bitcoin. But if I want to Buy it, if I click on New Order,

I click on New Order

I will be Buying with lot size. This is the term that we use in trading. So 1 lot nowadays for Bitcoin equals 1 Bitcoin, but I can Buy 0.01, for example.

Trading Bitcoin With CFD

So if I have an account of $5000. This is what I have here for the purpose of this course, I can use this money to sell Bitcoin even without buying it previously. This is what the CFD does.

The main difference for the beginner traders is that I have a Buy button and I have the Sell button. Something that I didn’t have on Coinbase.

CFD trading stands for contract for difference. Every time I Buy or every time I Sell with the broker, I make a contract with the broker that if the price goes in my direction, I will benefit out of that. And if the price goes against me, I will lose because of the difference in the price.

For example, if right now I Buy Bitcoin at 18 203 and the price goes to 18 800, I will benefit from the difference of $600. At the same time, if I Sell the Bitcoin right now and the price drops to 18 000, I will lose that difference of $178 and something. This is the CFD trading.

CFD trading

I don’t physically Buy Bitcoin. I won’t be getting the actual coins in my portfolio. With the amount of money that I have in my account, I will be able to Buy and Sell.

Brokers vs Exchanges

Many of my traders and students ask me which of the two is better.

Is it better trading Bitcoin just on the exchanges where we get actual coins and we have much more assets to Buy and to exchange Cryptocurrencies? Or is it better trading Bitcoin with CFD because we can Sell without having the coins previously?

For the moment, I don’t recommend one of the two. You need to understand that these are 2 different types of trading Bitcoin and participating on the market. It really depends on what you want to do exactly.

For example, if you want just to buy Bitcoin or any other crypto, you want to hold them for months or years and then sell them in the later stage when you have a better price and you can benefit from that. Or if you want to use them for actual purchasing online or you want to use the Bitcoin for any other purposes, definitely you need to go through the exchange because you’re getting actual coins.

Now, the downside of the exchanges for the moment is that it doesn’t allow algorithmic trading. And this is exactly what I will be showing you in this course, how to trade Bitcoin with Robots. For the moment, in 2020, the most reliable method, and that’s been the most reliable for the last decade or so is the MetaTrader platform.

Trading Bitcoin Leverage

With the MetaTrader platform, we can trade with Robots using CFD trading. This is how we do algorithmic trading nowadays.

Maybe in the future, the Crypto exchanges will allow algorithmic trading. And of course, I will update you as soon as this happens. But for the moment, the most reliable way to do algorithmic trading with Robots is on the MetaTrader platform.

This is because we have backtest, because we can trade many Robots on one single account, and because the most trusted brokers and regulated brokers offer the MetaTrader platform. This is what exactly I’ll be showing in this course.

For the purpose of this course, I have selected to use the HotForex broker, which is a broker that I have been using at the moment, and please don’t take as a recommendation any of the brokers that I show in my courses, my courses are for educational purposes.

But as you already know, I will include some ready to use Expert Advisors. And since I’m rerecording this course completely now in 2020, it will be much better than the old version. The Robots will be better I will explain why a little bit later in the course. And I have changed many of the lectures, so it will be easier for you to start with algorithmic trading if you are a complete beginner.

Later on in the lecture, I will show you more about the MetaTrader platform and as well, I will tell you why it is super important to start with a Demo Account so you can practice on the market.

Trading With Bitcoin On MetaTrader

Now, after you install your MetaTrader platform, you are ready to go once you’re logged in into your account. You can see the Market Watch where we have the Bid and the Ask price changing all the time, which means that we are connected to the server of the broker and we have access to the market.

The Market Watch

So no matter whether we are using a Demo Account, we can participate in the market and practice. And that’s the best thing, actually, with having a Demo Account because you are actually trading, of course, without having any real profits in the account or any losses. But that’s the idea of practicing with a Demo Account.

Now, on the left side, you will notice the Market Watch where we have different assets. We have the currency pairs on the top with Hot Forex and then we have gold, some indexes, oil, other commodities. Then there are some stocks. And if I scroll lower, you will see the Cryptocurrencies.

The Bid and Ask price

We have Bitcoin versus the USD, which is obviously the most popular asset that everyone trades then we have Bitcoin versus the EUR, Ethereum versus the USD, Ethereum versus the EUR, LTCEUR, LTCUSD, and we have the Ripple as well. Honestly, I haven’t seen much more of a difference with other brokers when it comes to the variety of assets for CFD trading.

But in this course, I’m focusing on Bitcoin and I trade personally the Bitcoin with Robots because it’s the most volatile asset and this is where we can maximize the profits when we are trading volatile assets. And trading Bitcoin versus the USD is definitely one of the most volatile assets.

Now we have 2 columns. One is the Bid price and the other one is the Ask price. Keep in mind that when you Buy, you always Buy on the Ask price, which is the more expensive price. When you Sell, you Sell on the Bid price. Also, when you Buy Bitcoin and then you close the position, you will be Buying it on the Ask price. And then when you close the position since this is a Sell order, you will be closing it on the Bid price.

The spread

And if you want to see exactly how much is the difference between the Bid and the Ask price, you can right-click over the Market Watch and check spread.

Check Spread

This will show a 3rd column and this is exactly the spread. With most of the brokers, the spread is floating, which means it’s changing whenever there is volatility. At this moment with Bitcoin, it’s about 24 USD.

The current Bitcoin spread

And something important to notice here is that HotForex has 3 digits after the decimal comma for the Bitcoin. So you can see that the Ask price is 18077.045. There are 3 digits after the decimal comma. So this means that the spread, which is displayed as 24 000 something, is actually 24 USD. So if I Buy 1 complete lot and I close the position or I Sell 1 complete lot and I close the position, I will pay about 24 USD as a spread.

It looks much more compared to the others. But keep in mind, Bitcoin is the most expensive asset right here. And at the same time, if you buy Bitcoin on Coinbase or on any other cryptocurrency exchange, you are still paying a fee. So for example, on Coinbase, with my type of account, I can Buy a maximum 7 500 of Bitcoin, which if I click on Preview Buy, you will see that the Coinbase fee for that transaction will be 287 EUR, which is much more compared to 25 USD.

Coinbase fee for the transaction

The swap

And this is for 7 500 EUR, which is actually less than half Bitcoin. So if I’m Buying a complete Bitcoin on an exchange like Coinbase, I will be paying more than 560 – 570 EUR for that transaction. And after that, when I’m Selling it or exchanging it for other Cryptos, there will be more fee, obviously. Just wanted to compare it one more time with the exchanges, because many people say that it’s more expensive to trade the CFD trading, but that’s not actually the reality.

And it might get more expensive if you are holding your position for a long time. Because when trading with Forex brokers like Hot Forex or any other, we pay as well swap. If I go to Specification,

I click on Specification

you will see that I have -6 000 points, which is I think 6 USD in this case of a swap because we have 3 digits.

BTCUSD contract specification

So this is about a 6 USD fee if we hold the position overnight.

The brokers will charge us a swap when they transfer the trade for the next day. And we don’t have that on the exchanges. When we buy cryptos, we don’t pay a fee for holding it in the account. So only in the case when you hold the trades for a long, long time on your MetaTrader account or on your broker’s account, it might get more expensive to trade the Bitcoins here because you will be paying swap every night.

HotForex broker

But, because we are trading with Robots we close the trades quickly, some of the trades will not last over the night. The Robots that I included in the course will not last through the weekend. So we have 3 days swap as well with the brokers, which means that if we have a trade opened on Friday or we have an open trade during Friday and it goes through Saturday, Sunday, and Monday, the market opens again, then we will pay swap for these 3 days.

Here it is 3-day swap that is charged on Fridays. This is how the trading works. And on the exchanges, we don’t have such costs. Such a swap. But one more time, as you saw, the fee is much more expensive compared to the spread that we have with Hot Forex in this example.

And back in time in 2017, 2018, when everybody was crazy about the Bitcoin and the brokers just placed the Bitcoin on their platforms, the spread was absolutely crazy. It was reaching about 200, 300 USD. At that moment, I didn’t use Hot Forex. I found it later as a reliable broker. So I don’t know what was their spread during this time.

Trading in Cryptocurrency Exchanges

But now with most of the brokers, the spread is somewhere between 15, 20, 25, 30 USD, which is just fine compared, one more time, to what we have on the exchanges. So that’s why I said that the exchanges are more suitable if you buy cryptocurrencies and you hold them for a long time for investment purposes.

This is what I’m showing in my Cryptocurrency Investment Strategy course where I analyze Bitcoin, for example, on TradingView which is another platform for trading, very popular, especially for technical analysis like what you see below.

The TradingView platform

But in that course, I teach the investors how to Buy Cryptocurrencies and when exactly to Buy, when exactly to Take Profits and to Sell the Cryptocurrencies. But that’s different. That’s investment.

And this is why there I demonstrated over the Coinbase and personally I use for this system Coinbase. But when it comes to algorithmic trading, trading with Robots, MetaTrader is much more suitable with the broker as Hot Forex because there we have much lower fees or in trading this is called spread. And if we are closing the trades within the same day or within a few days, we don’t pay huge swap, which is just fine.

Bitcoin Trading Hours Limitations At Brokers

Why did I say that the trades don’t last over the weekend with the Robots that I include in the course? This is because with the Forex brokers, usually, we don’t have trading on the weekend. You can see the gaps below. There is no price between these levels.

The gaps

So if I go to Properties and I go to Common and I uncheck show grid, but I check show period separators and I click on OK,

I uncheck Show grid and check Show period separators

you will see that this is exactly between Friday and Monday. Let me go to the current price. I can go as well with the End button on my keyboard. Or if I press this button on top that says scroll the chart to the end of the thinking coming and zoom it.

Scroll the chart to the end button

It shows me that today it is the 10th of December, which is Thursday. We have Wednesday, Tuesday, Monday. It was the 7th of December 2020. Then the next day is 4th of December, which was Friday. And then we have Thursday, Wednesday, Tuesday, Monday, which was the 30th of November 2020. And the next day is the 27th of November 2020. This is the weekend.

This is Friday and here starts Monday. So we don’t have trading on the weekend with most of the Forex brokers for Cryptocurrencies.

We don’t have trading on the weekend with most of the brokers

What’s more to come

And this is why the Expert Advisors that I included in this course will not hold positions over the weekend. Everything will be closed until Friday. And this way, you don’t worry if there are such gaps.

This is one of the things that I have improved compared to the EAs from the previous course. Because before, there were brokers offering trading during the weekend and these were the type of EAs I was using. And then when I shared the EAs in my course, some of the students complained that their broker doesn’t have Cryptocurrency trading during the weekend.

So no worries about that anymore. You will not see trades opened during the weekend.

In the next lecture, I will give you more details about the MetaTrader platform, and you will learn more about the chart and the different windows that we have on that popular platform. Thanks for reading.

January 26, 2021
Robustness Testing Example: Check If Forex Strategy Is Profitable

Robustness Testing in Forex Trading

Hello traders, in this lecture, I will show you an example of a robustness testing check using the Reactor in EA Studio.

So as I’ve already said a few times, what the Reactor does is automate the whole process. We have the Generator where the trading strategies are generated. Then if we want, they go through the optimization process and then they go through the robustness testing check.

The Reactor

And something very important to note is that when we use the optimization, any of the 3, this will change the strategy that comes from the Generator. But the robustness testing will not change it. It will just test if it is robust.

And this is possible again with 3 different options. One is the Walk Forward validation, very similar to what I described in the previous lecture for the Walk Forward. But the difference is that it doesn’t change the strategy.

It just proves if the strategy is robust or not, if the result of the Walk Forward is worse than the initial strategy, then this initial strategy that came from the Generator is over-optimized. And if the strategy fails, the Walk Forward validation, or any of the other 2 robustness tests, then we will not see it in the Collection at the end.

Perform Robustness Testing With Monte Carlo Validation

In the collection, I have that strategy that I used previously to show you.

The collection

But I will leave it because I want to show you how the Monte Carlo works and the Multi Market. Monte Carlo is the tool that I always use when generating trading strategies. So this box is always checked for me.

The Monte Carlo

What Monte Carlo does in very simple words, it tries to break the strategy before we start trading with it. It runs a variety of robustness tests.

If I click on Monte Carlo, you will see that I have the option for different simulations that are separated.

Monte Carlo simulations

We have market variations, execution problems, and strategy variations.

How to know if your strategy is over-optimized

So how I usually use it is with the last 2 – Randomize Indicator parameters and Randomize backtest starting bar. And what that means is that the Monte Carlo will perform a variety of simulations with different or randomized indicator parameters, and it will simulate backtest from different starting bar back in time.

This way, we will know if the strategy was optimized for the Indicator parameters. Just what I explained about over-optimizing. And we will know if we start at any moment at any bar with this strategy with this Expert Advisor, is it going to be still profitable or not? And this way, we will know if the strategy was over-optimized exactly for the period tested.

Robustness Testing Check

So if I go to Collection and I select that strategy again, you see that it showed that it was over-optimized for that period.

The balance chart

And let’s go to Monte Carlo and I will click on start and let’s see what will be the results in the robustness testing check. Here they are.

The results

We have 19 out of the 20 tests validated. So all of these tests here are with different parameters, different backtest starting bar. But one of the results is losing here.

The Optimizer

So there is a very huge chance that this strategy was over-optimized. This is because I actually optimized it in another lecture. With a step of 1 using the Optimizer. And we saw that it optimized it very well for this period.

But then when I added previously 8 years, then the strategy is not really what we want to see. And actually, I changed the data a little bit, but it’s very similar. So that’s the one that I have set, for XM. And now, I will go back to Monte Carlo and I will tell you about the market variations. This is where we have Randomize spread, Randomize history data.

You can use that if you’re using different historical data or for different brokers with different spreads.

Execution Problems

Well, this will be applicable if you have some execution problems with your broker. It often skips positions or there is a vast slippage, which is not really the best thing we want to have with the broker. You can check as well the strategy with such simulations. But this is how I use it. The last 2.

Robustness Testing With Multi-Market Validation

And if I go back to the Reactor and I go to Multi Market, this is the last robustness testing checks that we have on the list.

Multi Market

A strategy that comes from the Generator, that passes the optimization, the Monte Carlo, everything on the top, and reaches the Multi Market, we will be able to check if this strategy is performing well on the other markets as well.

We can change these markets to whatever we want. Usually, if we are generating for EURUSD, for example, we want to know how the strategy performs on other currency pairs. Not on gold or stock or oil or anything like that. So I have clicked randomly on a few currency pairs and if I use the Multi Market, it will perform backtest on these currency pairs, the same strategy and it will validate a number of tests.

So if we have like 5 here and we select 3 that are validated, it means that it will validate for sure for EURUSD. And then we want another 2 to be validated.

Avoid Over-Optimization

Let me demonstrate very quickly how that works with the current strategy that we have in the editor. I will go to Multi Market and let’s change the brand to EURGBP, for example, and as well, I will select AUDUSD. And then I have AUDNZD, it doesn’t really matter. I just want to have 4 pairs and I will click on start. Let’s see how this strategy performs in robustness testing examples on other 5 markets. 1 of 3, 1 of 4. And we are waiting for the last one, here we go. All the others are losing.

All the others are losing

The initial strategy for GBPUSD is profitable.

But one more time, I have optimized that and I think I over-optimized that. This is not like a 100% event. I cannot say 100% that I have over-optimized the strategy. But from what I saw after adding the previous 8 years is that the strategy is losing for most of the time and I see that the Multi Market shows me losses on the other markets. Probably the best way to say it is it’s most likely that I have over-optimized the strategy. We are not 100% sure but the chances are big.

So that’s why I don’t recommend using the Optimizer, it’s better to use the Walk Forward or the normalization. And don’t get me wrong, it doesn’t mean this is a bad thing. Not at all. You just need to know how to use it carefully and what robustness testing exactly you need to perform after that to make sure that the strategy is not over-optimized.

Robustness Testing in EA Studio

Some of the features in EA Studio are so good and the algorithm behind it is so smart. I can say that it becomes dangerous for some of the strategies because it finds quickly the best parameters. It optimizes them very quickly. This is the work of the Optimizer, but at the same time, this is risky not to over-optimize it, just like driving a very fast car, which is dangerous.

People want to drive always fast cars, but this is when usually the accidents happen. So you need to be very careful when using it or just play more with it, see how it’s working. And if you have any questions, of course, feel free to ask me in the forum.

Setting Data Horizon

I will remove now this strategy from the collection and I will run the Reactor. This is how I perform a robustness check most of the time. Usually, it works faster.

But again, I have a few more running on the same computer. So when you run 3, 4, 5, or more, they might get slow. Keep in mind that EA Studio works in the browser and it loads from the server the 1st time and then it works on the browser. It’s web-based, which gives you the opportunity to run it on multiple browsers at the same time.

So what do I usually do? I set 1 for EURUSD. And now just next to the recording screen, I have a few more for GBPUSD, EURGBP, and this is how I am generating strategies. One thing I forgot to do is to reduce the data. I will go to Data, Data Horizon and I will do it just for the last 5 years.

Data Horizon

I will start again.

And one thing, keep in mind that the more data you use, a little bit slower it will be, the less data, the faster it will be. It’s logic. So this is how I am using the Reactor.

It’s a lot of possibilities through the options. You can test it, use whatever makes sense to you. But definitely, it’s the best thing we can use in algorithmic trading nowadays to have robust strategies and to have many strategies.

How does it work?

It will generate strategies if they pass the Acceptance criteria, the Out of Sample, the Normalization, and the Monte Carlo robustness check. I will see them in the Collection.

So basically, they will go through a tough robustness testing. And at the end of the day, I will have hundreds of strategies, maybe thousands of strategies, and I will see the best ones into the collection.

I will leave it now running for some time. Actually, I have set exactly 10 hours. And after 10 hours, I will show you what results I have in the Collection and you will see how easy it happens. I don’t do anything.

I will leave it overnight and in the morning I will have some ready strategies in the collection.

Thank you very much for reading. If you found that article useful, leave a comment below and if you haven’t subscribed to our YouTube channel, make sure to do it now.

If you have any questions, let me know.

Cheers.

January 25, 2021
How to Backtest Trading Strategy

How to Backtest Trading Strategy

Dear traders, in this lecture, I will show you how to backtest a trading strategy on MetaTrader. Moreover, I will compare some results that we have from EA Studio with the trading strategy backtest in MetaTrader. You will see that it’s the same thing.

Now, I have run here the Reactor for EURUSD on the H1 chart. Already, I have 23 strategies in the collection. And let’s have a look at the first one where I have a very simple trading strategy for backtesting – entry rule, Stochastic signal, exit rule, Envelopes. We have a Stop Loss of 95 pips and a Take Profit of 70 pips. A very simple strategy with 1 entry and 1 exit condition.

The strategy

But you can see a great balance chart, and this strategy did 542 trades for the last 5 years and a net profit of $4,114 which is for 0.1 lot. If I increase the lot to 1 and I click on Accept, it will be 41,143. It depends on the lots that you are using, but I will go back to 0.1.

Strategy properties

And especially if you are trading with a smaller account, you need to use a smaller lot.

Now, for the strategy, we can see a lot from the report.

The statistics info

This is where we have a lot of statistics in EA Studio, and we have as well the report in MetaTrader. In addition, we have the journal that we can compare with the trading strategy backtest in MetaTrader.

The journal

Every Trading Strategy Backtest Has Losing Trades at Some Point

As well, we have the balance chart,

The balance chart

and we have the indicator chart, which is really great.

The indicator chart

In addition, you can see exactly where the trades were opened and closed. Let’s see one more time, what the entry rule was. The stochastic line crosses the signal line upwards. Going to the report, indicator chart, and here is the cross.

The cross

The Take Profit was hit. The green line shows where the Take Profit is. And if I look previously, here is a short trade, here we have the cross, Take Profit is hit.

Every strategy has negative trades, keep that in mind.

Profit factor

Of course, we are looking for strategies that have more profits than losses or what I said, the Profit factor – the net profits divided by the net losses. So when I set the Acceptance criteria in the reactor with a Profit factor above 1.2, I have really great strategies and you can see that I have more profits than losses.

After that, what I want to show you in this lecture is how to backtest a trading strategy using the Expert Advisor. I will go back to the editor and I will export this strategy for Meta Trader 4, you can export it as well for Meta Trader 5, depends which platform you use.

Exporting the strategy

Now, I will open the MetaTrader and I will paste the Expert Advisor here. I will go to File, Open Data Folder,

Go to File, then Open Data Folder

and then I click on MQL4,

I click on MQL4

and I click on Experts.

I click on Experts

Then, I will paste the Expert Advisor from my Downloads folder, and here it is.

I paste the Expert Advisor

One more time, for MetaTrader 5, you need to open the Expert Advisor with the MetaEditor and you need to compile it.

The MetaEditor

For MetaTrader 4, you can go to Expert Advisors, right-click and hit on Refresh.

Right-click on Expert Advisors and refresh for MT4

This will compile the Expert Advisor.

The Magic number

And if you want to trade with this Expert Advisor, make sure you enable the AutoTrading, it must be green. However, if you want to just backtest a trading strategy, you don’t need to enable AutoTrading. So you will avoid opening trades. And in order to put it over the chart, you either drag it or double-click on it.

In addition, from Inputs, you can see the Stop Loss and Take Profit. The entry lot, you can change it from here if you want to increase it or decrease it. And we have the parameters for all the indicators. We also have the Magic number which is very important, especially when we trade with many Expert Advisors, which I will show in this course.

The Magic number allows us to follow the performance of each strategy and it’s very useful when we are doing portfolio trading with Expert Advisors.

The input menu

I click on OK, and the Expert Advisor is attached to the chart. There is a sad face because I disabled the AutoTrading.

I don’t want it to open trades with this strategy right now. I just want to show you how to backtest a trading strategy. So, I right-click and I go to Expert Advisors and I click on Strategy Tester.

I go to Expert Advisors, then Strategy Tester

A new window will open below and we can set the Expert Advisor. Usually, it will be the one that we have on the chart, the symbol.

The graph display is the same on both Meta Trader and EA Studio

As a model, you need to use Open prices only.

Use Open prices only as Model

This is because the Expert Advisors from EA Studio open trades on the opening of the bar. When there is a new bar coming, it checks for the entry rule. If it’s true, it will open the trade. So I click on Open prices only, and as Period, I have H1, and I have a spread of 10, which is OK. It is rounded to the higher number.

As we said, this is better for the backtest. The current spread with EURUSD is 2-3 points, but I will backtest the trading strategy with 10, which is a more pessimistic backtest and more realistic. I don’t want to test it with 2-3 points and because we have a floating spread with most of the brokers, there will be times when the spread will be higher.

This is how we do it more pessimistically and it’s the better thing you can do. If I click on Start, the backtest is really quick. This is because the code is great, no mistakes, no errors. If I go to Journal, you will see there are no errors.

The journal

And if I go to the graph, what you will notice is the very same graph as what we have in EA Studio.

The graph

I will show you in detail that it’s the same thing.

MetaTrader & EA Studio Have a Difference in Their Trading Strategy Backtests

Let’s see how much profit this trading strategy backtest made. In the end, we have about 13,529. On the other hand, what we have in EA Studio is 14,114. Where does the difference come from? From the historical data. Let’s go to the editor one more time.

What we had was data starting from the 15th of July, 2015. This is what I have set in the Data Horizon.

The Data Horizon

Let’s find out what data range we have in Meta Trader. How can I do that? Firstly, I will press the Home key on my keyboard and I will go to the beginning.

It is on the 11th of December, 2015. A couple of months are missing. I will need to make it the same as much as I can. So 10th of December, I will go back to the Data Horizon in EA Studio, and I will enter 10th of December, 2015.

And I go back to the strategy. So what we have, the 10th of December. And I have 13,546. Very close to what we have in Meta Trader. Now, there might be a very small difference because the MetaTrader trading strategy backtest is not as good as the EA Studio backtest is.

EA Studio Works on a More Pessimistic Trading Strategy Backtest Outcome

If we have a very long candle and we have a trade open, and then if the Stop Loss or the Take Profit is within this candle, the Meta Trader will take the positive outcome because it doesn’t know what happened inside the bar.

The price went up and down. It will take a positive outcome, which is sometimes misleading. And this could happen with some strategies quite many times in the backtest. And EA Studio takes the negative result.

So again, it works on a more pessimistic trading strategy backtest outcome. Let me compare some of the results at the end of the backtest just from the last couple of days in EA Studio. I will click on Report. And here are all the trades that happened. I will go to the last page and have a look at some of the trades that we have.

Actually, the data that we have from Dukascopy that we have downloaded from the Free Historical Data App is until midnight yesterday. So from there, we can have a very small difference in the final result with the backtest.

EA Studio and MetaTrader data comparison

Now, let me try to make them both visual. For example, what I have on the 13th of July, I have a sale, and let’s see the other platform, on the 13th of July, yes, open short.

The data comparison

It is at 10:00 p.m, it is 10:00 p.m. on Meta Trader as well. And the price is 1.1352, 1.1352. Stop Loss, 1.1448, 1.1448. Take Profit 1.1283, 1.1283. I’m not looking at the last digit, which is the point, because it depends on the spread. It depends on whether it’s floating or not. And there might be a little bit of a difference with the final profit.

Let’s see one more trade. For example, the one that opened on the 10th of July. What is it? It’s a buy at 1.1270 and it is at 9:00 o’clock, 9:00 o’clock, the 10th of July, we have 1.1270 long trade. So for the very beginners, the backtest matches from EA Studio and Meta Trader.

This shows a very simple thing, the Expert Advisors and the strategies that we build with EA Studio are real, they have a real backtest. Not just in EA Studio where they were created, but as well on MetaTrader. And, one more time, the backtest trading strategy in EA Studio works much better, much faster than the backtest on MetaTrader.

What we will learn next

And we have many more statistics which are very useful to improve our trading strategies. I will leave now the reactor working, but before I show you the results, I will record one more video where I will show you the 4 different ways to test Expert Advisors and I will show you which is the method that I like the most because it’s the fastest, it’s the most reliable way, and it works really nice for me.

Thanks for reading. We’ll see you in the next lecture.

January 22, 2021
Forex Robot Builder: Make Your Own Trading Robot Easily and Conveniently
The Forex market is a dynamic and fast-paced environment, with traders constantly seeking tools to gain an edge. Automation has become a vital part of this journey, with Forex robots—automated trading systems—taking center stage. A Forex robot builder allows traders to create personalized trading robots, tailored to their unique strategies and goals. Unlike pre-made Expert Advisors (EAs), these tools give you complete control and transparency.

In this guide, we’ll explore everything you need to know about Forex robot builders. We’ll also highlight two leading platforms, Expert Advisor Studio (EA Studio) and Forex Strategy Builder Professional (FSB Pro), to help you build, test, and optimize your own trading robots.
Table of Contents:
What is a Forex Robot Builder

A Forex robot builder software is any program that allows the trader to generate, automate and analyze trading strategies. These programs are designed to simplify the trading process, making it accessible to both novice and experienced traders who want to move beyond pre-made Expert Advisors (EAs). Pre-made robots often come with flashy promises but fail to deliver due to their generic nature and lack of adaptability to specific trading conditions.

With a Forex robot builder, you can tailor strategies to align with your unique trading style. For instance, if you prefer trend-following strategies, you can configure the robot to use moving averages or momentum indicators. Alternatively, range traders can employ indicators like Bollinger Bands or support and resistance levels. Additionally, the software allows you to adjust critical parameters such as stop-loss levels, take-profit points, and risk-reward ratios, ensuring that the strategy meets your goals.

Platforms like EA Studio and FSB Pro take this customization to the next level by offering advanced features. These include automated strategy generation, in-depth testing tools like Monte Carlo simulations, and seamless export options for MetaTrader 4/5. The ability to validate and optimize strategies within these platforms ensures that traders have robust systems ready for live markets. Overall, a Forex robot builder empowers traders with the transparency, control, and flexibility needed to succeed in the fast-paced Forex market.

Forex robot builder is an innovative software tool that enables traders to create, customize, and test automated trading strategies without the need for programming knowledge.

Why Build Your Own Forex Trading Robot

Limitations of Pre-Made Robots

Pre-made robots often come with flashy promises but lack transparency. Many are over-optimized for historical data and fail in live markets. Additionally, they don’t offer customization options, leaving traders stuck with generic strategies.

Advantages of Building Your Own Robot
1. Customization: Tailor your robot to suit specific market conditions or personal strategies. Whether you’re a trend follower or prefer range trading, your robot can adapt.
2. Cost Savings: Avoid the high costs associated with purchasing EAs by creating unlimited strategies for free during trials or at minimal cost.
3. Learning Opportunity: Designing a robot deepens your understanding of trading indicators, risk management, and market behavior.
4. Transparency: With a Forex robot builder, you know exactly how your strategy works and can adjust it as needed.
Tools like EA Studio and FSB Pro make this process accessible even for beginners, offering intuitive interfaces and powerful features to streamline the experience.

The Top Forex Robot Builder Tools: EA Studio and FSB Pro

EA Studio: Simplicity and Speed

EA Studio is a web-based Forex robot builder ideal for beginners. Its intuitive design and automation features make it perfect for traders who want results quickly without compromising quality.

Key Features:
- The Generator: Automatically creates strategies based on historical data and predefined parameters.
- Acceptance Criteria: Filters out suboptimal strategies, ensuring only high-quality ones are retained.
- The Reactor: Combines strategy generation, testing, and optimization into a single workflow.
- The Normalizer: Simplifies strategies by removing redundant elements, improving reliability.
- 15-Day Free Trial: Test the platform and export unlimited robots without any financial commitment.
FSB Pro: Advanced Features for Professional Traders

Forex Strategy Builder Professional (FSB Pro) is a desktop application designed for advanced users who require detailed customization and in-depth analysis. It provides flexibility and powerful tools for creating sophisticated strategies.

Key Features:
- Custom Indicators: Import or design unique indicators for tailored strategies.
- Portfolio Management: Combine multiple strategies into a single portfolio to diversify risk.
- Multi-Market Testing: Validate strategies across various assets and timeframes.
- Real-Time Analysis: Instantly evaluate strategy performance with detailed metrics.
EA Studio vs. FSB Pro
- EA Studio: Best for beginners or traders who prioritize speed and simplicity.
- FSB Pro: Ideal for experienced traders seeking advanced tools and customization.
- Combining Both: Many traders use EA Studio for quick strategy generation and FSB Pro for detailed refinement.
Take Action with EA Studio and FSB Pro

If you’re ready to take your trading to the next level, now is the time to explore these powerful tools. EA Studio’s simplicity and speed make it perfect for generating strategies quickly, while FSB Pro’s advanced features offer unmatched depth and flexibility. With their FREE trials, you can experience the benefits firsthand without any risk. Don’t wait—start building your own trading robots today and gain the edge you need in the Forex market!

Check out EA Studio’s simplicity and speed (15 DAYS FREE TRIAL PERIOD)

Explore FSB Pro’s advanced features (15 DAYS FREE TRIAL PERIOD)

And if you want to start with EA Studio, don’t miss the free course for this amazing forex robot builder.

Quick Guide to Building a Trading Bot with Forex Robot Builder

1. Getting Started

The first step is to choose your platform (EA Studio or FSB Pro) and import historical data from your broker. This ensures your strategies reflect real market conditions. With the Forex Historical Data App premium data comes automatically.

2. Generating Trading Strategies

With EA Studio:

Use the Generator to produce multiple strategies automatically. Input your criteria, and the tool will create strategies tailored to your requirements. Set parameters such as:
- Currency pairs (e.g., EUR/USD or GBP/JPY).
- Timeframes (e.g., H1, M15).
- Risk levels and lot sizes.
With FSB Pro:

Design strategies manually by linking indicators and setting specific rules. For example:
- Entry Rule: Price crosses above the 50-day moving average.
- Exit Rule: Relative Strength Index (RSI) drops below 30.
3. Testing and Refining Strategies

Backtesting is essential to evaluate how your strategy would have performed in the past. Both platforms offer advanced tools:
- Monte Carlo Simulations: Test the strategy’s robustness by introducing variables like slippage or spread changes.
- Walk Forward Optimization: Optimize your strategy in one dataset and test it on another to avoid overfitting.
- Out-of-Sample Testing: Simulate live trading conditions without risking real capital.
4. Optimizing for Better Results

From Optimizer feature, available in both forex robot builders, adjust parameters such as:
- Stop-loss and take-profit levels.
- Indicator settings (e.g., Bollinger Bands deviation).
- Risk-reward ratios (e.g., 2:1).
Example: If your initial strategy uses Bollinger Bands, you might refine it by reducing the period or increasing the standard deviation to better match market conditions.

5. Exporting and Deploying Your Forex Robot

Once finalized, export your robot as an Expert Advisor compatible with MetaTrader 4 or 5. Deploy it on a demo account first to observe its performance in real-time before going live.

Check out also how to create forex robot without programming skills article for more in-depth information about using forex robot builders for generating own forex robots.

Best Practices for Forex Robot Builders

Forex robot builders are powerful tools, but using them effectively requires adherence to key best practices. These ensure that your strategies remain robust and profitable over time.

1. Avoid Over-Optimization

Over-optimization occurs when a strategy is too finely tuned to historical data, often resulting in excellent backtest performance but poor live trading results. To avoid this, focus on building strategies that are robust and perform consistently across various market conditions. Use tools like Walk Forward Optimization and Monte Carlo simulations, available in platforms such as EA Studio and FSB Pro, to test how your strategy behaves under different scenarios.

2. Incorporate Risk Management

Risk management is crucial for long-term success in trading. Always set stop-loss levels to limit potential losses and ensure proper position sizing to manage overall portfolio risk. Forex robot builders allow you to customize these parameters, ensuring that your strategies align with your risk tolerance. For example, you might set a maximum loss of 2% of your account balance per trade to protect against large drawdowns.

3. Regular Updates

Markets are dynamic, and what works today may not be effective tomorrow. Regularly test and update your strategies to adapt to evolving market conditions. This might include revisiting your choice of indicators, adjusting parameters like moving averages or Bollinger Bands, or even discarding strategies that no longer perform well. Continuous evaluation ensures that your trading robots remain relevant and profitable in changing markets.

By following these best practices, you can maximize the potential of Forex robot builders and create robust, reliable strategies that stand the test of time.

Advanced Features of Forex Robot Builder

EA Studio’s Unique Tools

EA Studio is designed to make the strategy creation process seamless and efficient, offering traders advanced features that enhance usability and effectiveness:
- The Reactor: This is a game-changing tool that automates the entire lifecycle of a trading strategy. It not only generates strategies but also tests and optimizes them in a single workflow. This means traders can focus on evaluating results instead of manually handling multiple steps. The Reactor ensures that your strategies are ready for real-world application with minimal effort.
- The Normalizer: Simplifying strategies is critical for avoiding overfitting, and the Normalizer excels at this by removing unnecessary elements and redundant indicators. This tool helps create clean and robust strategies that are more likely to perform consistently in live trading conditions.
FSB Pro’s Robust Features

FSB Pro offers advanced capabilities for traders who require detailed customization and in-depth analysis:
- Portfolio Management: This feature enables traders to combine multiple strategies into a single, diversified portfolio. By balancing different approaches, such as trend-following and range-bound strategies, traders can mitigate risk and improve overall profitability.
- Multi-Market Testing: FSB Pro allows you to test strategies across various assets and timeframes, ensuring they perform well under diverse market conditions. This feature provides a clear picture of a strategy’s adaptability and reliability, which is crucial for long-term success in Forex trading.
With these advanced features, both EA Studio and FSB Pro empower traders to create, test, and refine strategies that align with their trading goals while ensuring robustness and adaptability.

What to be Aware of When Using Forex Robot Builder

Forex robot builder is a powerful tool, but it comes with potential pitfalls that traders must avoid to ensure long-term success:
- Over-Reliance on Automation: While Forex robot builder simplifies the trading process, it’s essential to understand the logic behind your strategy instead of blindly trusting automation. Relying entirely on a robot without understanding its indicators, entry/exit rules, and risk management parameters can lead to unexpected losses when market conditions shift.
- Skipping Validation Steps: A robust strategy requires rigorous testing. Always perform thorough backtesting and utilize tools like Monte Carlo simulations or Walk Forward optimization to ensure the viability of your strategy across various scenarios. Skipping these steps increases the likelihood of deploying a strategy that fails in live trading conditions.
- Ignoring Market Changes: The Forex market is constantly evolving, and strategies that work today may not perform tomorrow. Regularly revisit your strategies to ensure they remain effective. This includes updating parameters, testing against recent data, and replacing outdated strategies with new ones tailored to current market dynamics.
By being mindful of these pitfalls and actively addressing them, traders can maximize the effectiveness of their Forex robot builder and achieve consistent results in the dynamic world of Forex trading.

Combining EA Studio and FSB Pro for Maximum Results

Using both EA Studio and FSB Pro in tandem can significantly enhance your trading experience by combining the strengths of both platforms. EA Studio excels at generating strategies quickly and efficiently, making it an ideal tool for creating a wide range of potential trading systems. Traders can leverage its Generator and Reactor tools to produce and filter multiple strategies in minutes, focusing on ones that meet specific criteria such as profitability and drawdown limits.

Once you have a selection of promising strategies from EA Studio, FSB Pro steps in as the perfect tool for refinement and validation. With its advanced testing features, including portfolio management and multi-market testing, FSB Pro allows you to stress-test strategies across various currency pairs and timeframes. For instance, a range-bound strategy created in EA Studio can be tested for robustness in trending markets using FSB Pro’s simulation tools.

This workflow ensures that your trading robots are both versatile and reliable, prepared to handle different market conditions. By combining the automation capabilities of EA Studio with the advanced analytical features of FSB Pro, you can create a well-rounded and robust trading portfolio that maximizes your success in the Forex market. This synergy makes these tools an unbeatable combination for any trader looking to excel with a Forex robot builder.

Key takeaways:
- Use EA Studio to quickly generate multiple strategies.
- Refine and validate these strategies with FSB Pro’s advanced tools.
- Example Workflow: Create a range-bound strategy in EA Studio, then test its robustness in FSB Pro across multiple markets.
Why Forex Robot Builders Are a Game-Changer

Forex robot builders are revolutionizing the way traders approach the market by offering unparalleled transparency, control, and customization. These tools enable traders to design, test, and deploy automated trading strategies tailored to their unique goals. Unlike pre-made robots, which often lack adaptability and insight, Forex robot builders put the power directly in the hands of traders.

Platforms like EA Studio and FSB Pro simplify the process, making it accessible for both beginners and experienced traders. EA Studio’s automation tools, such as the Reactor and Generator, allow users to create multiple strategies quickly, while FSB Pro’s advanced testing features ensure robustness and adaptability. This combination of speed and precision transforms trading into a streamlined and effective process.

Whether you are looking to refine an existing strategy or build one from scratch, Forex robot builders eliminate guesswork. They empower traders to optimize every detail, from risk management to indicator settings, ensuring strategies are reliable and profitable. By leveraging these tools, you can enhance your trading performance and achieve consistent results in the ever-evolving Forex market.

Conclusion

Building your own trading robot with a Forex robot builder offers unparalleled benefits. Platforms like EA Studio and FSB Pro simplify the process, making it accessible to traders of all skill levels. Start your journey today with their free trials and take control of your trading success.

By following this guide, you can leverage the power of Forex robot builders to create automated strategies tailored to your goals. The future of trading is in your hands—start building your robot now!
January 21, 2021
Forex Trader Story: 5 Rules for Success in FX Trading

My Forex Trader Success Story

Hello traders, today I will share with you the 5 rules that were most beneficial for my successful Forex trader story. They have kept me profitable on the Forex market for many years. Moreover, I will give you some tips on how to improve – not just your trading, but your mindset as a trader too.

This lesson will not be like one of those videos where traders show off with their cars, and then try to convince you that you can drive the same car. These guys are usually the scammers.

This is not one of those videos that promise you luxurious cars

This lesson is simply about my Forex trader story. What I do daily and how I stay disciplined while trading. Just in case you are curious, now I drive a 14-year-old BMW, and I really love this car.

My BMW car

I hope I won’t get a lot of dislikes because I drive a BMW. 😊

Now, I will share the rules that I have followed over the last 5 years to achieve great results, and I currently have a great community of over 25,000 students from our online courses.

I now have an online community of over 25 000 students

Forex Trader Story Rule #1: Seek to Learn Before You Start Trading

Rule Number 1: Learn to trade!

The most common mistake that new traders make is to start trading on the market without having any knowledge, without having done any online course or even watching a free video on YouTube. But, guess what happens? Over 95% of these people lose all of their money, and over 70% of them empty their accounts in the first month.

Over 95% of uneducated traders lose all their money

Then, inevitably, they start blaming the market, the price, the news, but the fault lies squarely with them. They didn’t bother to get educated. So, if you want to be in the 5%, those who actually make money, you need to learn. And I am not talking about just one course, or one method, but to constantly improve yourself as a trader. How do I do that?

Every day I commit to learning something new, something I don’t currently know and something that I can use to improve my trading. For example, my father is a neurosurgeon with almost 40 years of experience. And even after 40 years, before every surgery, he reads a lot. He prepares for it. It is the same thing with trading, and really, with everything in life.

If you want to be good at something, you need to learn and continue learning to become an expert in any field. Learn something new every day – a new indicator, a new strategy from YouTube. Take another online course, look for a better broker than the one you use right now.

Find out which are the better brokers

If you do that, you will learn 365 new things every year, and in 3 years, you will know 1000 new things.

Forex Trader Story Rule #2: Be Self-Disciplined

Rule Number 2: Be disciplined.

Whether you go to an office, have a home office, or meet up casually to trade with friends, you need to be very disciplined in what you are doing. How do I achieve that for myself? Since I was in high school, I have trained in martial arts. And today, I am a black belt, and I have my own group.

Training martial arts since high school helped me gain discipline

The discipline I learned through martial arts really helped me with trading. For instance, I learned how to respect more experienced traders and to get the most out of their knowledge and experience. I learned how to get back up after getting knocked down. Similarly, whenever I had a loss on the market, I did my best to make more profits the next day.

Forex Trader Story Rule #3: Diversify the Risk

Rule number 3: Learn to think outside of the box.

It might sound like a cliche but stay with me here because this is very important in trading. Many traders are blind to what is out there on the market. In other words, they stick to one strategy for years, just because someone told them it is THE profitable strategy and they will make money with it. Wrong!

Now, I’m sure I will get dislikes from some of you that do this… However, You can’t make constant profits using just one strategy. That’s why, in my courses and live videos, I teach my students and viewers that I trade using many different market strategies. That is to say that you need to experiment sometimes. Try Forex, Cryptocurrency trading, Stocks.

If you have losses on the Stock market, you could, at the same time, have profits trading cryptos. This is risk diversification. This is how the big guys do it. Find the market that you are comfortable trading in, but don’t get stuck in there and become complacent. Keep looking for new opportunities all the time.

Always aim higher

Try algorithmic trading; it is so easy nowadays with programs like EA Studio and FSB Pro.

Algorithmic trading

You do not need programming skills to create many Robots for yourself. I hear, quite often. “I want to make 50pips a day, and that’s it. Really? 50 pips a day will make you happy? For instance, one of my oldest videos on YouTube shows how I make over 1000 pips in one-day trading with many trading robots in one live trading account.

Do not let just a little to satisfy you. Always aim for big targets, like Denzel Washington says, DREAM BIG. How did that work for me? From creating & sharing free videos on YouTube covering my trading, I have started my successful Forex trader story. In other words, I have built my own trading academy, and we already have over 25 000 students in our first 3 years.

With me works a team of professionals and we’re constantly improving the Academy by delivering the kind of online education that is difficult to find elsewhere.

My team

In addition, have you seen any courses that include 99 new EAs monthly?

Forex Trader Story Rule #4: Do Not Get Comfortable

Number 4: Monotony is a killer.

Maybe at the beginning of the article, you thought that I would share what my daily routine is, how I do the same thing every day, no! Do not do that! If you do the same thing every day from Monday to Friday, 9 to 5, you will get stuck in a comfort zone. Eventually, you will block your mind, and one day, years from now, you’ll realize that you missed many great opportunities.

Working a regular 8-hour job is the worst thing for human progress. And here come more dislikes. Not more than just 2 years in total working for Forex brokers from 9 to 5, but these two years, were a lesson. Eventually, these companies got me motivated and made me realize that I wanted to change this life, and from then, there was no way I was going to continue on this path.

Are you aware when people stop thinking? On the day they get a salary.

A salary makes people comfortable

They work month-to-month, knowing they’ll be paid, with nothing to worry about. Therefore, if you’ve already gotten rid of the 9 – 5 monotony, great!.

This summer, we spent over 3 months at the beach and in the mountains with the team. We worked on the beach. As I traveled, I recorded many videos and I took the time to think. There is a partner who is also a friend of mine who says, “I work most when I stop and think.”

Forex Trader Story Rule #5: Be Generous With The Knowledge You Have

Rule number 5: Share your skills.

This is what I found makes me happiest. Sharing my trading strategies, my Robots in my courses, I love to record videos and give tips to beginners to help them avoid the mistakes that I have made. Moreover, I teach martial arts as well, and over the years, I figured out, that it all makes sense if we give it to the next generation.

If you improve something and give your knowledge to others, you get a real sense of satisfaction that someone is interested in learning from you and that you are doing something good and worthwhile. However, you might not be recording videos but just sharing your experience or strategy in a forum, you are still teaching, and you bring value to others.

The Forex Academy trading forum

To sum up, these are the five rules that define my Forex trader story, and in each one of them, I find a lot of value and fulfillment.

If you found this article useful, please leave a comment below. I wish you safe trading, and if you apply any of these rules to your trading experience, and it helps you achieve your goals, I will be truly happy.

January 18, 2021
How I doubled my trading account with District0x DNT crypto & Civic

Hello, everyone, today I will show you how I succeeded to make over 100% of profit for less than 12 hours last night with District0x DNT crypto. It was with one of the top gainers that we have at the moment on the Crypto market.

So at the moment, Bitcoin tries to break the $16 000 and today is actually the 6 of November 2020.

Bitcoin tries to break $16 000

We’ll see how far Bitcoin goes but as you know if you have watched some of my courses and especially the Cryptocurrency Investment trading course, you will know that what I’ve been trading is smaller Cryptocurrencies and not Bitcoin. And this is because they just move faster. And especially I will show you what I did with the District0x DNT crypto last night. I have bought a piece of 600 EUR DNT.

The price was below 2 cents, you can see it right over here.

The District0x DNT crypto

And then what happened early this morning when I woke up? The price was 100% higher and I can just go to the top gainers and it is still a top gainer today with above 341% and you can see where the price is. It is above 4 cents. And if I click on it, you will see how aggressively it goes higher, and if I go to all where I will see all the prices, you can see that District0x DNT crypto back in January 2018, it reached nearly 50 cents.

The Civic

Now that’s kind of an impossible target for now but I’ll be happy to hold it until the 10 cents. Having in mind it’s at 0.04 right now. All of these levels here about the 10 cents would be a great target for me. So we’ll see how it’s going and actually, Coinbase has this great option if you click on prices, and then on the right side where you see tradable assets, you have the option to select the top gainers.

Top gainers

Here you can follow which are the Cryptocurrencies that gain the most at the moment and it’s super cool because obviously there are hundreds of assets, it’s hard to follow all of them. But at any moment you can look and see which is the one that currently profits the most. And usually, these are very small Cryptocurrencies just like the District0x DNT crypto but sometimes they might bring you great profits.

Of course maybe a little bit of luck is involved to know if it will continue higher because not a lot of fundamental data about some of the small Cryptocurrencies. The next one is the Civic which did as well a great profit and I’m considering to take some more of it on the next pullback. Probably, if it drops down to 5 cents.

The Civic

The Counter Trendlines

This is how I have gained 100% with one of the small Cryptocurrencies last night but as I said I will be a little bit greedy hold it for a long time to see how it will go. I’m not in a rush to sell anything. I will keep you updated with my investments on the Crypto market.

The Bitcoin did a fantastic move up until it bounced from the 16 000, failed to reach them, failed to close above, failed to break. But look at this move. Now, as I’ve said already in the previous videos, a lot of the money are flowing into Bitcoin.

Not too much on the other Cryptocurrencies. But I’ll show you something unique that I caught and I will show you what I have bought this time on Coinbase. So if I zoom to the current setup, you’ll see that after that extreme move that we had from the Bitcoin, I had 3 Counter Trendlines that, if I go back, you will see that this was the first one where I had the chance to draw a Counter Trendline and then I had a very small failure of the recent low.

The District0x DNT crypto

So I consider this candle to be a failure of this candle.And this is where I bought one time and then the price went to the downside I didn’t have an entry here, OK, right over here, because there is no failure, OK, lower low, lower low, no failure so that one doesn’t count. I didn’t buy over here. Then I had the chance to draw a more aggressive Counter Trendline right over here. And here is the failure break, another entry break, another entry.

Simply, I didn’t have the time to record all of these entries 1, 2, 3 entries so far. And I will show you what I bought. Something very interesting that drove my portfolio much higher. OK, if I go to the hourly charts or the 24 hours, it doesn’t really matter, hourly chart or 24 hours. You will see what a constant growth I had and it reached 16 300. So this is above 8 000 EUR.

At that point I doubled my account

It could be a little bit more or less, but it’s around 100% profit on my account. OK, and you will see what I have in my portfolio. I have the DNT, which is known as DistrictOx, and as well I have the Civic. But this one so far didn’t bring me profits, but that one did. So this is a very cheap Cryptocurrency that I have bought one time. I think it was below 2 cents. Let me click on that and we’ll see the first time I bought it.

Yeah, it was below 2 EUR cents and then I’ve bought a little bit more at 0.0315 and I have bought 2. So I had 2 pieces of 600 EUR, as you see that the price reached 0.12. This is in Bulgarian Lev. So it’s above 0.06 EUR cents. OK, so I’ve bought it for 2, 3 and then it reached 6 EUR cent, which is a lot of profit. You can see that just for the last 24 hours it did 131% of a profit. If I go to weekly, you will see something amazing, 450% of a profit with the District0x DNT crypto.

And how I noticed that District0x DNT crypto is going up?

So you see where I’ve bought it the first time right here when was super cheap. And if I go to Prices, I will show you something interesting on the right side on the top of the tradable assets. If you click on the drop-down menu, you will see top gainers. So I often keep an eye on those to know which Cryptos are profiting the most at the moment.

And the District0x DNT crypto is on the top for the last few days together with the Civic. And this is how I noticed that there is a movement with the DNT. So I have taken 2 pieces and another piece of Civic and these are very small Cryptocurrencies. And when I say small, they are cheap. At the same time, its market capitalization is very small. You can see 52 million for the District0x DNT crypto and 64 for the Civic.

The potential in District0x DNT crypto

So I think it’s a lot of potential with these Cryptos. So we’ll see how it goes. You can read more about them, of course, over the Internet, but they brought my portfolio in the great profit. OK, you can see it was right here at about 12 000. So this is about 6 000 EUR, which was a little bit of a drawdown even. And then boom, it’s up to 8 000 and at the moment about 7 000, so a little bit pull back from this Cryptocurrency as well, so I’ll see how it’s going.

Just keep an eye on these top gainers that we see on Coinbase because you might catch some very volatile Cryptos that are just jumping with 100, 200, 400% as you see what the District0x DNT crypto did during the last week. Of course, I wish I have bought it here, but for a long time, there was no movement. If I go back to monthly or even yearly. OK, monthly, you will see that it was just nothing in there.

So why would I put my money into it? But when there is such a move boom, there is something going on in there. And most of the time I really don’t want to know what’s going on in there. I don’t read so much of the news anymore and follow what’s going on because it’s so many Cryptocurrencies. But from my experience, I know that if there is such a move, there is something going on.

All questions are welcome

If people are buying it, I will buy. But when it’s cheap, OK, maybe the current price is cheap as well. If the price reaches to let’s see where it was back in 2017 and you can see how far it went to 0.78 Bulgarian Lev. So that would be about 0.40 cents, EUR cents. But if it reaches any of this level to not 40 but let’s say 20 to 25, I will have a very decent profit into my account.

And anyway, I would be just happy even to buy some of the dips. So if it goes just about these levels one more time to 0.05 or to even 0.06 or somewhere in here, I’ll be happy to buy some more of it. Of course, if I have entries from the Bitcoin strict to the system.

This article is based on a free lecture from the Cryptocurrency Investment Strategy Without Losses course. You can enroll in the course on our website. Thanks for reading. Feel free to ask if you have any questions.

I wish you safe trading. Cheers!

January 17, 2021