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Is it possible to make 10% per month by Robot??

My_Money

Member
I am new here and getting lot of help.

I have few questions:

1. Is it possible to make ~10 % per month by using 3 or 4 Robot/EA consistently.
2. What is average trader make ( in term of % )per month by manual trading?

3. If the answer of question 1 is yes, then can you name 5- 10 EA/Robot that can do it reliably?

Thanks in advance.
 

My_Money

Member
I am new here and getting lot of help.

I have few questions:

1. Is it possible to make ~10 % per month by using 3 or 4 Robot/EA consistently.
2. What is average trader make ( in term of % )per month by manual trading?

3. If the answer of question 1 is yes, then can you name 5- 10 EA/Robot that can do it reliably?

Thanks in advance.
Please help me out...
 

stovedude

Active member
I am new here and getting lot of help.

I have few questions:

1. Is it possible to make ~10 % per month by using 3 or 4 Robot/EA consistently.
2. What is average trader make ( in term of % )per month by manual trading?

3. If the answer of question 1 is yes, then can you name 5- 10 EA/Robot that can do it reliably?

Thanks in advance.
Usually, if you want to do something right, you have to do it yourself. Most of the EA's that are commercially sold will not be profitable in the long run, especially not without some blood, sweat, and tears on your part. You have to find the right broker and right settings for each. I read the forums everyday and find that everybody has different results. You can hardly find 2 similar experiences for any one EA or system. As far as % goes, yes you can make 10%, even hundreds of % every month with the right system, but you might die trying to find it, and if you do find it, you will have to babysit the strategy, tweaking it constantly to fit the market. Nothing will be "set and forget". However, I think 10% is a reasonable goal and should be completely possible with a good system. As far as manual trading, if it's a good system, you will always get out of it what you put into it, as long as it's reasonably approached. Your #1 enemy will always be yourself.
 

My_Money

Member
Thanks you all

Thanks you all

I am just learning the Forex.
This forum members are really helpful.

I am trying some demo account with some different combination of EAs in each demo account.

Can you just name 5 reliable EA that are Giving ~10% each month?

Thank you all again.
 

Tinojazz

Professional Trader Since 2007
VIP Member
I am just learning the Forex.
This forum members are really helpful.

I am trying some demo account with some different combination of EAs in each demo account.

Can you just name 5 reliable EA that are Giving ~10% each month?

Thank you all again.
Hi dear trader, nobody can guarantie precise % wins daily,weekly,monthly or yearly here in FX, cose the hardest thing in forex is to be at last profitablle generaly. It is all relative depence of market. Market can be good some month with god trend and can be very unpredictablle what is 70% in year.
No one EA or trading strategy is profitablle every month. It can be good for a 2-3 months and earn some 10-50% profit but one bad week for that strategy could be fatal and loose alll profits so far. So everything depence from using right MM, discipline and patience. You must recognize what is the market, and when to run EAs, how to use EAs,you must know every EA what strategy is use 100% , and run it depence of market. Examplle there is a EAs what make good profits in range markets, but before you run that EA you must know that market will be in Range and much important is to know when to stop this EA before some break out from that range market, cose if you dont predickt that then you'll loose most of profits. Same about EAs what are profitablle only on trend markets, you must know to recognize what trend is it, when to run the EA and when to stop.
So that is the best way to learn alone something about EAs before you run them on MT4.
 

Squall

Member
I cannot stress this enough.....

  • Patience will be your best friend with forex.
  • Do not trust anything anyone says (forums or anywhere). Check it for yourself before you risk your own money.
  • Backtests can look great but it might not even work on forward tests. Requotes and slippage do not happen in backtests and they are a major part of live trading


I have tested many robots and I can tell you the robots that I am currently testing:
Megadroid
Pip Laser
Cable Run (Teknomage educated version)

All can be found on this forum using the search function. I am not saying they will work for you, I'm just saying these might be some good ones for you to investigate.

The process I go through before going live with a robot:
  1. Read everything you can on every forum you can find
  2. Backtest
  3. Forward test on Demo
  4. Forward test on Cent Live account
  5. Forward test on standard Live account
This process might take months before you are happy with the robots so be patient.
 

Trixi

Member
Cable Run (Teknomage educated version)
I am happy with this version (I am also owning the original CR)...avoiding News, trading in flat times (Asian) = low but stable performance. Much better then burning real money quickly.

Give it a try on demo.
 
Listen to Stovedude, he knows his stuff. I started out with FapTurbo in 2009, and then PipsMiner and every other EA that came out basically...with FapTurbo I lost $1000...With PipsMiner it turned $1500 into $4000 and then lost it all out of greed. It is possible, but like SD said if you want it done do it yourself. There are no free rides in Forex, learn or develop your own Manual strategy and gain progress one day at a time. You can definitely let one or several EA's run on your account for you, but when conditions change they simply can't keep up and all your profits will get erased. IMO you're in the same boat playing roulette at your local casino. Good Luck to you, and if you want to really go the robot route, check Forex Peace Army website and monitor their live EA tests to see what is even worth trying. And of course stay tuned here, because the people here are real traders and will not steer you wrong.
 
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