In forex trading, you can buy and sell currency and commodities. For example, in forex trading, you can buy and sell Gold, Oil which you need to invest a lot if you buy those in real. Forex trading online makes it easier for us to trade commodities only by a few clicking. Although you can trade commodities in the forex market, it’s not easy to make money from forex. It would be best if you were a proven strategy to make profits from the financial market.
Auto-trading forex robot is another option if you find it difficult to trade with a manual strategy. We will share a forex robot that can be used on commodity trading assets. Therefore, understanding market condition is essential to making decent profits from the forex market. We also shared so many forex robots earlier on our website, for example, Wise Forex EA or Barrel Forex EA.
This forex robot is created based on the scalping price action movement in the lower timeframe. This forex robot usually analyzes the market in the lower timeframe and takes short-term trade. You will experience that this forex robot usually trades with the trend, which increases profitability. We also found that martingale and grid strategies are used in this forex robot.
Drawdown is a part of forex robot trading. You can get a 10$-12% drawdown in a good market condition. We recommend withdrawing your profits after you get some trade win. This forex robot may take many trades, which may lead to wiping out your balance. So, withdrawing the initial balance is a good practice.
To find the best results, you need to run this forex robot for 24 hours. After that, you can use VPS, which allows you to run any forex EA all the time in your account.
You can start with a $500 to $1000 balance for this forex robot. This fore EA is built explicitly for the Gold asset. Using this forex robot with a gold commodity, you can get the maximum results. Apart from Gold, you can also use this forex robot for cryptocurrency pairs. You can test it to currency pairs if you like, but you need to try multiple times.
After testing, we found that a lower timeframe works the best for this forex expert advisor. You can use a 15M to 1H timeframe for this forex robot.
All the retail traders need to use forex robots to trade currency pairs or commodities. But, if you search online, you must find some scam events from the unregulated broker. So, when you choose any broker, you need to select a regulated broker. But on the other hand, you can use ECN brokers like ICMarkets for perfect trade results.
The robot creator mentioned that you could make 10%-15% profitability using this forex robot. No one can assure you that you can undoubtedly make profits from any trading strategy or robot system. So it’s best for you if you can test forex robots or any forex strategy on your demo account before going to the real account.
Following the money management and trade management also help you to secure your account balance. You can find 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