Expectancy is the formula you use to determine how reliable your system is. You should go back in time and measure all your trades that were winners versus losers, then determine how profitable your winning trades were versus how much your losing trades lost.
Take a look at your last 10 trades. If you haven’t made actual trades yet, go back on your chart to where your system would have indicated that you should enter and exit a trade. Determine if you would have made a profit or a loss. Write these results down. Total all your winning trades and divide the answer by the number of winning trades you made.
As with every new practical learning activity, trading requires you to start with the basics, and move slowly until you understand the playing field. Start by investing small sums of money, and keep in mind the old adage ‘slow but steady wins the race’. Don’t let your emotions carry you away. It can be very difficult at times, especially after you’ve experienced a losing streak. But keeping a level head will help you stay rational, so you can make competent choices. Whenever you let your emotions get the better of you, you expose yourself to unnecessary risks. Exercising risk management within your trading will help you to minimise the risks.
The Forex 2000 Pips is a forex robot designed for the MT4 trading platform. This robot promises steady monthly income for traders at all levels. In fact, it is boldly written on the website that this robot made $20,071.20 in just one month of trading. The vendor of this robot is Rita Lasker. She claims that she has almost 11 years of forex trading experience. She works for an American based company “Green Forex Group” that produces forex robots and other forex trading materials. The exact trading strategy of this robot is not disclosed but she says that it calculates the price limit orders while considering the direction of the trend in the current M30 and D1 timeframes. The robot is available for a discounted price of $99 from the actual price of $329.
The trading results claimed by the vendor of this robot are simply incredible. But the pertinent question is this: Can this robot be trusted or not? Extra info on Best Forex Robots
In a market which has been taken over by scams, it is difficult to know which forex robot to trust or not to trust. It is against this backdrop that we review the Forex Cyborg robot. Is the Forex Cyborg EA a software to trust or not to trust? The article explains it all.
Introduction: The Forex Cyborg
There is no information whatsoever about who created Forex Cyborg, or where the creators of the software are located. This in itself is suspicious: if a product is successful, would the company behind it prefer to remain nameless and faceless, or would they go to town with their discovery? Unfortunately, the situation is that there is no information or background to this software. A video to better understand FOREXT robots : https://youtu.be/pWaaySADzqk
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