leo23's Posts - Page 10

Profit streak or loss streak. What's worse? in General Oct 23, 2022 at 12:55

Usually profit streak makes a new trader greedy and he risks more and looses the whole money which he made from profit streak. Loss streak can make the trader believe that the strategy has failed and will not make any profit in future. So usually a trader throws away the strategy and searches for another strategy and usually this cycle continues for long time for few traders until and unless they realize that every strategy can have profit streak and loss streak as well.So it is important to make proper trading decision during entry and exit of the forex market during profit streak or loss s...

Can I learn forex trading with a demo account? in New Traders Oct 23, 2022 at 02:33

Yes, DEMO account trading is a must. First, trade in a DEMO Account at least for 1 to 2 years before switching to REAL account. If you are consistently making profit in a DEMO account for at least 3 to 6 months, then you can switch to a REAL cent account or micro account and take it further from there. DEMO account helps to learn the basics and the MT4 terminal usage etc.

AGI EA_REAL Account_Instaforex in Trading Systems Oct 22, 2022 at 09:46

The robot sometimes automatically changes the timeframe which extracts the values for trade entries and so the number of trades can significantly vary between accounts. The REAL account performance was excellent this week.

Artificial General Intelligence V.7.0 in Trading Systems Oct 22, 2022 at 09:45

This week performance was overall very good in all most all real accounts and demo accounts. We have got around 30% profit in our real account this week.

Luck or Hard Work? in New Traders Oct 22, 2022 at 09:43

Seems like a philosophical topic...So a philosophical answer....Luck is the future outcome of your past work experience irrespective of you remember the past or not and irrespective of you work hard or work smart. But experience out of your past work is important which builds the luck in future which you forget over time. Nothing happens by luck or chance without reason. So luck follows for them who work and gain experience over time and so you can change your luck by work.You can continue to practice trading and gain experience until you can't loose in forex, then luck is yours and you c...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 22, 2022 at 01:29

Yesterday, the DEMO account also placed many trades. The robot sometimes automatically changes the timeframe which extracts the values for trade entries and so the number of trades can significantly vary between accounts. The REAL account performance was excellent this week. Simultaneously we are testing it with multiple real accounts with the same broker to see how much difference in results are happening.

Artificial General Intelligence V.7.0 in Trading Systems Oct 21, 2022 at 15:18

It was just due to low volatility in the market this DEMO account was not trading in last few days. But today both REAL and DEMO accounts have given quite a good number of trades as well as profit. Also, we are testing with other broker LIVE accounts and so far overall good, but not sure how it will go further.

Do you use MT4 or MT5? in General Oct 21, 2022 at 14:35

Well, I have tried both MT4 and MT5 thoroughly for last 5 to 6 years and so I can give a much better explanation about advantages and disadvantages.Originally, obviously I started with MT4 only and I still continue and prefer to use MT4 over MT5 after using for 15 years or more. The primary reason for choosing MT5 over MT4 was because it has many inbuild libraries and functions which are useful for machine learning algos and it has better options for training, optimization, testing, has multiple timeframes etc. Also, MT5 is better to connect with external platforms and you can hire sever resou...

Is there really a profitable retail traders or lairs? in New Traders Oct 21, 2022 at 14:10

I will not call forex as gambling from my point of view, but it might be called as gambling based on understanding of forex market by the regular retail traders. Forex is a business and so who understands it as business may make profit sometimes, but who understands it as a job will ultimately keep expecting for ever to make some money monthly basis and continue his loosing cycle month after month and year after year.So understanding the forex market behavior is very important to make profit sometimes and not like the retail traders expecting 100% per month or 1000% per month etc for ever. Har...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 21, 2022 at 13:45

Due to some reason our DEMO account is not placing any trades since last coupe of days, but the this LIVE account is placing a couple of trades once in a while. It may be due to very low volatile markets or due to some other reason. We will continue to monitor the accounts to see if we can figure out the reasons if possible.

Is there really a profitable retail traders or lairs? in New Traders Oct 21, 2022 at 07:52

The honest and clear answer is NO. You can't depend on anyone or even any system, EA or MAM/PAMM or signal service etc to make a passive monthly income as usually it is advertised by the forex brokers or service providers.All such systems or services ultimately make money for the system developer or service providers while wiping out the balance of the retail trader now or later. This is the hard truth and many traders may disagree on this point, but I am saying this after more than 15 years of trading experience with unlimited trials and errors with unlimited highly sophisticated automate...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 20, 2022 at 08:37

As expected this REAL Account is performing better than our main DEMO account performance recently.Probably, due to the past losses the EA is taking only highly accurate trades in the DEMO account. Even though we are the developer of this algo, but still it is a black box for us also since it is almost impossible to know why it is doing for what it is doing for an 'Artificial Intelligence(AI) ' algo. The same is true for almost all AI and machine learning algos in any field. We will continue to monitor the results and may publish new REAL accounts if we will find them profitable and st...

Artificial General Intelligence V.7.0 in Trading Systems Oct 20, 2022 at 08:29

As expected our REAL Account is performing better than this DEMO account performance recently. We got very few trades recently in last few days in the Instaforex REAL account where as in this DEMO account we didn't get any trading opportunity at all.Probably, due to the past losses the EA is taking only highly accurate trades in this account. Even though we are the developer of this algo, but still it is a black box for us also since it is almost impossible to know why it is doing for what it is doing for an "Artificial Intelligence(AI) " algo. The same is true for almost all AI...

scalping easy ? in New Traders Oct 20, 2022 at 07:36

Scalping can be highly profitable if you have the right knowledge and tools to use in your advantage against the forex market. Also, scalping can be boring sometimes if you are trading actively and you can't trade all the time when there is no market volatility is to even recover the spread also. If you trade, then you will most likely end up in losses.Also, while using scalping you need to patient sometimes since one loss might wipe out a large chunk of profits and so you need to avoid aggressive trading to recover losses quickly. The account might hold in break even without much profits...

How much do you earn on forex investments? (Investors only) in New Traders Oct 19, 2022 at 12:17

I can say that 5% per month is okay and good if it can be achieved long term without high drawdowns. Because 5% per month means around 60% per year which usually even the top hedge funds of the world like BlackRock and Renaissance struggle to achieve all the time.So if anyone can make more than 5% per month consistently for 2 to 3 years with low drawdowns, then he can open hedge fund and compete with the top hedge funds of the world in no time:))It's very much common sense to understand and so please do some search before investing in false promises since most of the newly established for...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 18, 2022 at 13:31

We didn't expect our robot's REAL account performance to be anywhere close to our DEMO account performance. But it seems like the REAL account performance in some broker accounts is more than this DEMO Account performance. This active REAL Account has been made public in our myxbook profile and we may publish multiple forex broker REAL accounts soon.The forex robot uses an inbuild AI logic in the code and so it is nearly impossible to know how it makes trading decisions in each broker independently. So we will continue to test the robot in multiple brokers REAL accounts to see if it ca...

Artificial General Intelligence V.7.0 in Trading Systems Oct 18, 2022 at 13:30

We didn't expect our robot's REAL account performance to be anywhere close to our DEMO account performance. But it seems like the REAL account performance in some broker accounts is more than this DEMO Account performance. One active REAL Account has been made public in our myxbook profile and we may publish multiple forex broker REAL accounts soon.The forex robot uses an inbuild AI logic in the code and so it is nearly impossible to know how it makes trading decisions in each broker independently. So we will continue to test the robot in multiple brokers REAL accounts to see if it can...

Looking for reliable ECN brokers... in General Oct 18, 2022 at 13:26

Yes, choosing the correct broker is the most important thing to be successful in forex.I have seen some good brokers for last 10 to 12 years in the field of forex surviving till now. Brokers like IC Markets, Pepperstone, Axitrader, FxChoice, Hotforex, Instaforex seems to be here in forex for many years for now. But I was not active with any of these brokers recently and so I can't say their conditions for now. Each trader needs to carefully analyze each broker before making any large deposits.Also, it is always better to avoid new brokers irrespective of how lucrative their offers or bon...

Artificial General Intelligence V.7.0 in Trading Systems Oct 18, 2022 at 13:23

We didn't expect our robot's REAL account performance to be anywhere close to our DEMO account performance. But it seems like the REAL account performance in some broker accounts is more than this DEMO Account performance. One active REAL Account has been made public in our myxbook profile and we may publish more forex broker REAL accounts soon.

Artificial General Intelligence V.7.0 in Trading Systems Oct 15, 2022 at 01:38

Last week, Our algo has recovered most of the losses which our account faced in last 1 to 2 years in terms of "Gain %". We are also trying to put the private link here for a REAL Account performance, but the link is not appearing here and so anyone interested in our forex robot and wants to have a temporary access to the REAL Account can contact our support email "[email protected]"

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Posts by leo23