Poor psychology is the biggest reason why most forex traders lose money. It is because they are often over-trading and revenge trading, which can lead to significant losses.
To prevent this, you must learn to avoid these traps and focus on your strategy. You also need to develop a solid and fearless mindset, so you don’t get scared when things go wrong. Doing this will help you stay rational in the face of challenging conditions, and eventually, you’ll be able to make more profitable trades while minimizing your losses.
An automated Forex trading robot can help you to avoid this mistake by running the trades on your behalf. The robot will automatically take trades on behalf of your account, so there is no human touch involved, and you can focus on other things instead. We are sharing so many forex robots on the website. We are recommending to check Pips Safe Forex EA or Atlantic Forex EA.
This forex robot is designed based on the scalping strategy. This forex robot is designed in a way that it can identify short-term trade opportunities. It uses technical indicators and waves analysis to predict which direction the currency will go next. It also has a stop loss and profit target, so you can always be sure that you’re making profits no matter what happens.
This forex robot usually takes trades on a specific time period which you can change if you like in the setting. Moreover, this forex robot also analyzes the candle structure of the market to analyze the market condition. And all the settings and strategies make this forex robot profitable in the long run.
When you are using this forex robot to your account, you will see that there are no martingale and grid strategy is used in this forex EA. This forex robot usually takes ten daily trades after analyzing the market condition.
All the trades are protected by the proper stop loss and take profits. Apart from that, when any trade is in the profits, the trailing stops setting of this forex EA also uses to protect the gains.
This forex robot is an MT4 indicator. You can use this forex robot to your account with minimal capital, like $50.
After testing, we see that this forex EA gives us good results on GBPUSD, GBPJPY, and EURUSD pairs. And You can use this forex robot for any timeframe you like.
Use any low spared forex robot to use this forex EA. We found that ICMarkets is one of the best forex low-spread brokers you can use for any scalping robot.
Although profitability depends on each trade’s account size and lot size, you can make consistent profits using this forex robot. It is a safe and secure forex robot, and you do not have to face any massive drawdown for this forex robot.
Therefore, You need to test on the demo account or backtest this forex robot to your account before going to the real account. After you test, you can understand how safe this forex robot is and how to use it!
You can download this forex robot for free from the details below.
How to use:
Step 1: Register Zero Spread Broker: https://provenbinarybot.com/ZeroSpread
Become Funded Trader 10K-200K: https://provenbinarybot.com/ftmo
Step 2: Download the EA’s file
Step 3: Install the EA to your MT4 platform
Step 4: Run the EA to your demo account first
Step 5: After testing, if profits go to the real account
Step 6: Make Profit
** Reliable forex VPS: https://provenbinarybot.com/VPS
Recommended balance minimum $100
Initial Lot: $0.01
Time frame: 5 minutes
Please watch this trading video after download