Recent statistics say that less than 0.05% of forex traders are profitable consistently. Yes, you just read it right. The reason behind these low numbers is consistency. Forex traders become profitable for some months or so, but consistently profitable traders are very few in this world. If you want to be in the top 1%, you have to give effort and time to the market.
Forex auto-trading robots can be a good choice if you do not have time and energy to give in the market price learning. But you need to select profitable and proven forex robots to make consistent profits. There are so many forex robots you can find online if you search. To find a profitable forex robot, you need to give time to testing robots. We are sharing so many forex robots here. If you like you can also take a look at other forex robots, for example, Forexfly BTM EA or XAU Miner Forex EA.
This forex robot is created based on the complex price action and price algorithm in the market. If anyone understands the certain price movement in any certain time zone, he can become a profitable trader without even an auto trading robot. There are certain patterns and certain movements that regularly happen in the market. And big play certainly leaves their footprint on the price movement. It’s crucial to identify the big players’ footprint and trade according to the price action.
Another thing you can identify is that the big banks and institutions are the liquidity providers. When we buy the big plays are in the sell and vice versa. In other words, They provide the liquidity and we are the liquidity as well. Big institutions’ only goal is to liquidate the retail traders to grab their money.
So if you can find out the moves of the algorithm of the big boys and trade according to that market moves, you can certainly make profits consistently from the forex market. It’s so hard that’s why there is a very low percentage of consistently profitable trade.
This forex robot can give you some drawdown when you test this. You cannot find anything 100% in the forex market. But you can find something consistently profitable with a lower risk ratio.
This forex robot only works on the mt4 platform. You can use this forex robot for any major currency pair. We recommend using this forex robot to 15 minutes time frame where the robot creator gets the best results.
As retail traders, we cannot trade without a broker. When choosing any broker, make sure that the retail broker is a regulated broker as well as a low spread broker. Low spread increases the accuracy of the trade. ICMarkets is one of the best low spread regulated brokers out there.
You can make decent profits when you are using this forex robot. The robot creator mentioned that you can get a maximum of 15% drawdown. And you can double your capital in a couple of months.
We recommend testing any strategy or any forex robot before using it in the real account. The more you test the more you can find the real strategies of the forex system. On the other hand, money management and people trading plans can also help you to safeguard your balance.
You can find all the details of this forex robot from the materials 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 real account
Step 6: Make Profit
** Reliable forex VPS: https://provenbinarybot.com/VPS
Recommended balance minimum $100
Initial Lot: $0.01
Time frame: 1 Hour
Please watch this trading video after download