leo23's Posts - Page 10

The future of Alternative Intelligence in trading in General Oct 28, 2022 at 12:04

Well, the algos for Artificial Intelligence are already there. It just lacks computing power which will most likely be achieved in next 3 to 5 year. After that no one has to do anything and AI will reach a level of "Artificial Super Intelligence" and can do anything and everything.You can look into the the projects like "Muzero" of Google Deepmind or the latest model called "GATO" by same DeepMind just released few months back. Google scientists have already said that AGI or "Artificial General Intelligence" has been already achieved and so it's just...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 27, 2022 at 12:03

@SabbitFX Instaforex is much better than the other forex brokers where you are promoting your own Forex robot using clone myfxbook profiles and your fake affiliated forex brokers. So just stay away from here from our thread.

Impulse Trading and How to Avoid It in New Traders Oct 27, 2022 at 10:29

To avoid impulse trading 4 simple tips:1.First, don't use any market orders for trading. Try to adjust your strategy if possible to use pending orders so that you just put the pending orders in your MT4 account with stoploss and take profit and close the terminal and allow the trades to be executed automatically when price reaches such levels. Next, open the MT4 terminal once or twice every day and adjust or close the trades as per trading your plan. That's it.2.If the above step doesn't work, then choose a specific time of the day for trading like London session, New York session ...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 27, 2022 at 10:11

Few more back testing results for the year 2022 till yesterday(Oct 26 2022) for EURUSD and USDJPY pairs in FxChoice broker. The every tick mode is taking long time for a 5 to 6 year back testing and so fast we are back testing for last 1 year. It seems like now most of the features of the algo are already compatible to be run and tested in the MT4 strategy tester, but still more testing might be required.

AGI EA_REAL Account_Instaforex in Trading Systems Oct 26, 2022 at 06:20

Well, we have been very careful from the beginning of our project almost started 6 years back regarding what we share with public since there are a lot of bad actors in myfxbook who immediately copy and paste successful strategies, screenshots, trade history to their websites and start selling their EAs using our EA name.Most of the times, people come and complain here in our discussion threads. So even though we decided to release the robot for sale for sometimes, but we changed our mind immediately by looking into the current situation to protect our intellectual property.So we are not selli...

AGI EA_REAL Account_Instaforex in Trading Systems Oct 25, 2022 at 06:55

We have been partially successful in running some backtests and results are just okay. Still all features of the algo are not supported and not working in MT4 strategy tester to backtest. We are attaching an overview of backtesting results of last 6 years for EURUSD pair in FxChoice broker. Also, we are planning to run the EA in all 28 currency pairs simultaneously since it seems like all most all 28 currency pairs are giving profitable results overall, but backtesting results are showing the number of trades to be very low and so we will run all 28 pairs simultaneously. Then, we may choose to...

Anyone suggest me best broker for forex trading? in Experienced Traders Oct 25, 2022 at 01:55

I can recommend few brokers considering various factors both regarding trading conditions as well as deposit and withdrawal methods and withdrawal processing speed etc.Here is a list to watch out:Hotforex, Tradersway, MultiBankFx, FxChoice, IC Markets, Pepperstone, AxiTrader,Instaforex

AGI EA_REAL Account_Instaforex in Trading Systems Oct 24, 2022 at 07:55

We are working to see if we can actually backtest the algo in a MT4 since it was previously not possible. If backtesting will be possible, then we will backtest almost all 28 currency pairs and choose only selective pairs where it has made profit in last 10 to 12 years and we will post all backtesting results from time to time.Currently, it is trading only in 6 major pairs and so far okay and today morning also it got some good profits.

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...

EURUSD	1.0939	GBPUSD	1.28769	AUDUSD	0.60178
USDJPY	146.954	USDCAD	1.42409	USDCHF	0.86085

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