How I Make Money Trading the Forex Market With Automated Robots

hey this is renee and today i want to show you how to make money trading the forex market with automated trading strategies and um to start off and to show you that it is not um a scam or something i made up in my mind here you can see to my facebook accounts which i document for the last years and you will see one live trading account which is verified of course with which has a profit of 22 at the moment and when i'm making this video and you see another account um which is a demo account and i will explain that in this video why it is a demo account no live trading account which has a profit of 86 at the moment over the last um i think two or three years so um how do i make money trading the forex market to make profits i use a really simple approach i use basic economic logics and algorithms and i do think that a valid strategy needs a fundamental background pretty much or you have to have a strategy which you really believe in and this is nothing about like um trading gurus or something who tell you you have to do this or that this is more a statistical approach where i program strategies um and i i think aware program strategies of which i think could be profitable in the future and then i do a lot of back testing and a little bit optimization to figure out which are the best settings for a specific market or for a specific time frame for example and then i just use these strategies and yeah put them to work and see if they can generate profits in the market so it's not about guaranteed guaranteed success it's more like having pros and cons and it's about a percentage chance of winning and you have to figure out if this chance is realistic if it is above 50 percent at least and in this case you can give it a go and if it's below 50 of course you should not invest your own money so um about these strategies and it is really not complicated so for example one of the strategies which is performing really well right now is a simple range breakout strategy where you use a period of time for example a a time window from three o'clock to four o'clock and i use a a range let's say i take the high and the low of this this time range and if the market leaves this leaves this range after four o'clock i trade the break out and i close the position at the end of the day and yeah then it's either a win or a loss and over over the years this generated their profit and that's why this strategy is profitable for the last three years of my uh testing in this life trading account so this is only one strategy in the live trading account i use a total of four strategies if you are interested in these strategies leave a comment below the video and um yeah i can maybe make another video i can make several videos for each of these strategies and and explain them in more detail this is for the live trading account with the smaller profit of only 22 percent i do only i do also have a another account the demo account which has a much higher profit and if you have the question in your mind why i don't trade this on a live trading account it is um the answer is really simple every time you generate high profits and trading you have on the other hand higher risks and this is a simple economic concept which you cannot um yeah yeah you have to you have to follow this concept there's no way around it so every time you expect high profits there is a high risk on the other side and for this system that generated 86 percent in the last years this is a martingale grid system which says that um if there are positions that are not doing well and they are at the moment um in a losing in a losing spot then this system will leverage the position and will open another position in the right direction with even a greater lot size so um the risk is increasing if the market is um not doing what the strategy expects it to do so um in this case when the when the positions um become a loss the expert advisor will invest even more money with a higher load size which will increase the chance for this position to be profitable if the market um runs into the right direction for a short period of time and that this way um you have a much higher risk but a much higher uh reward also so this is the the game in forex trading pretty much and um that's that's it it's it's really simple so i um i program strategies using the metadata for or you can use the metatrader5 which is really simple and easy to understand even if you do not know anything about programming it's kind of easy to jump into this topic and if you are really interested in this in in this topic and if you think automated trading could be a um a winning strategy for you too then please check out the playlist on the channel um everything on this channel is free right now there are no paid products or anything so you can just check out the programming tutorials i made here and i will show you how you can build your own expert advisor for the metatrader 4 and 5 and um yeah how you can be profitable in your trading and i think it's a great chance for everyone even for small traders because you do not need a lot of money or a lot of knowledge to be an automated trader and it is indeed a winning concept and it is in my opinion a much better idea to learn something about automated trading than to invest your money in some trading guru who will in most cases not be able to tell you how to trade profitable so please um think about how you want to invest your time and money and um yeah i hope you will have a nice journey and i wish you on the best of luck and yeah let me know if you want to know more about these strategies and i will make videos where i explain them in more detail so see you in the next video and have good trades yeah until then bye

Channel: René Balke

Views: 1,557

Keywords: Trading, Programming, expert advisor, EA, automated trading, mt4, metatrader 4, mt5, metatrader 5, forex robot, robo trading, algotrading, forex, cfd

Id: rc_8Ws7mgAQ

Length: 7min 48sec (468 seconds)

Published: Thu Mar 04 2021