Forex strategy
So I embarked on my path to learning how to trade Forex. One of the key philosophies in any kind of trading is that human emotion always screws things up. How right were they? I tried all kinds of different methods of trading; Bunny Cross, News Trading, Hedging, Scalping etc. and none of it was working because my emotions kept getting the best of me. I’d be sitting there watching a trend go up and not hop on it in time (How was I supposed to know it’d turn into a trend?) and end up losing my butt when the market turned on me.
I got tired of making myself available as Wolf Bait to all the market movers out there :( During my research though, one method stood out, one method to rule them all (Bad Pun Intended), Forex Robots aka Expert Advisers. These EA’s were built by programmers who implemented systems for traders. What is the big deal about automated Forex trading?? It takes the human being out of the equation. It makes the calls you would be afraid to make and it doesn’t care about losses unless it hits it’s stop loss (Which every self-respecting Forex Robot should have).
One of the keys to using a Forex Robot is to first and foremost, make sure it has back tested well. Another key is the Robots trading style and WHEN it was back tested vs. it’s trading style. You don’t want to have a back test only during a time period where the Robots trading style was supported by the markets. That’s all for now, please stay tuned for more articles on Forex Robots and other things Forex.
