Which is better? Currency robots or manual operations?
It’s not really that black and white. And in this video, I will show you that you can use manual analysis along with Forex robots to get results in both short and long term. Let’s get into it.
Forex robots or manual trading strategies?
When you use a manual negotiation strategy, you work on it, you learn, you improve on it. And then you get better performance. With Forex robots, you should do exactly the same thing. It is not a signal service where you just need to follow the signal. This is not a managed account that someone is interested in. A robot can be customized. Therefore, you can use a robot along with manual analysis in order to grow your account faster and work better.
Now, to show you how to use automated trading and manual analysis together, I will use the best Forex robot available in Forex Fury to show you an example. In version four of the Forex Fury update, a setting called only long and short appeared. This is the best setting to show you how to use manual analysis with the Forex robot at the same time. Let me go into this setup and show you exactly how it works.
Forex robot settings (long and short)
To understand the function of long and short. First you need to know what a long is and what is a short, a long is a buying trade. So you are saying that the market is growing and that the short is a selling trade. So you say the market is down.
This feature is fantastic because it allows traders to have their own influence in market analysis. Suppose you believe that the market will tend to rise for a significant period of time. Then you can say, okay, let me set it up only in lengths. And then we will only shop for that period. And that works really well. And you could do the same for cell phone shops.
Let’s say you think the market is down, right? We will go down, go down highs, go down constantly. And that’s what we’re seeing. And so now we would say that, okay, let’s go with the shorts just because we’ll see sales opportunities for a while and that way, instead of focusing on varying markets or focusing on markets. of trend in both directions, you say the market is going in one direction, I think for a month or two. So let me make purchases just let me make only sales. And then I will win many of these trades.
Let me show you some market examples to let you know exactly how profitable it can be.
Examples of manual trading (analysis)
As you can see right now, I have a daily chart in US dollars right now. I always use the daily chart to determine the direction of the trend. And if we go into the past right now, we can see that there are constantly changing and important trends. If you look here, this was a significant trend that started in May 2014 and started a huge downward trend. You’d just want to make shorts in a trend like this. If you did this for months, you would only have to earn trades because you only make short films. And if you set your stop loss deep enough, you would only reach one hundred percent winners throughout that period. Or you can make it shorter. You can only say, Hey, look at this uptrend right here. In fact, you could follow this upward trend so far.
When the trend changes, you may take a loss somewhere and then change it. Wow, okay, let me take a look at this trend. Let me see what happens next. And in that example you say, Hey, okay, I brought my loss here. Maybe we just change that into shorts. And then we ride that wave and we fall short all this time. And then, Hey, you might get lost here. It regroups. Take a look at another pair and then go, hey, maybe we’ll just hit. And you have another big streak of wins. And there are many couples who do.
Let me get into the later test. I will show you some results with this feature and short film strategy. And then you can determine some trends and try it for yourself.
Combination of robots and manual trade
So I go back to the euro, to the US dollar, and I will do a quick manual analysis. I will use a wedge pattern. I made a video about this before showing you exactly how you can use wedge patterns. And I’ll get through that very quickly right now.
So you can see here, we are creating a wedge. Here is consolidation within this wedge. It was seen that the price was bouncing within this wedge. And what happens is when we break that wedge, as we’re seeing right here. We now have a potential uptrend. So at this point here we are looking for buying opportunities. That’s when we’d put the software on long just because that’s the daily chart. We are now seeing a long uptrend. And, as you can see here, this continues on a long upward trend for a significant period of time until you finally reach some sort of interval.
And then basically when I would do all this here, and then you can see, we go into a range. Start consolidating the price here. And at this point we will close our losing trades and move to a different currency pair. We’ll try a different setup, but that’s exactly what we want to do. And so what I’m going to do now is show you this exact move right here. Take a look at what might have happened to the verified results in my FX book.
So, I just showed you the manual analysis right here by wedge formation to determine an uptrend and then releasing the robot just to make buying trades. This is the combination of manual and automatic trading. Now, if I go into the My FX book, you can actually see the trading results of this account. He is absolutely crazy. It’s fantastic. And that’s exactly what we expected.
See what we have here with a gain of over 1271%. We have a daily gain of 4.62%, a monthly gain of 287%, because it’s only a couple of months. It was only a couple of months that we used it for this test. It was possible to see if I went there and I clarified it. You can see that this is the only thing we are negotiating here. We just negotiated a couple of months. That’s all we’re doing.
So if I go back to my FX book account, you will see that it has an extremely high risk. The amount of batch size I am using for this. You don’t need to use a batch of seven and a half. You can see here, I used a very large batch size of 7.5, which is why the trades are so big, that’s why the profits are so big. But that is precisely why we earn almost 1300% in just a couple of months. And all this comes from the combination of manual and automatic trading.
You can look at all the trades. It can be seen here, it is victory after victory, after victory, after victory, after victory. And is that the account is on fire, obviously because the direction goes in one direction. We are just going up, we are just doing buy trades and we are using a very high stop loss. So we only pick the winners. And we do this because we are doing our manual analyzes on the daily term, so we see a long-term trend. And then we just take advantage of the long-term trend.
You can see at the end, here we have the losses. And that’s what I was talking about with range trading. As soon as we got to an interval pace like this, we decided we had to get out. We close the operations, maybe move on to a different pair and find another way to succeed with this strategy. But you can see manual and automated operations, they clearly go hand in hand. If you do the right thing and do the right analysis, you will have to do it in your automatic trading and you will be more successful.
Conclusion (What did you learn?)
I hope this video shows you that you can use manual analysis and automated trading of Forex robots at the same time and use them together for best results.
You don’t have to sit on your hands with your Forex robots. You can actively look for ways to improve them and make more money. As you can see from the results I showed you, I showed you the test almost 1400% in just two months with some high risk adjustments, but in a low way, because it had determined the trend I was adopting. this trend by using long only using Forex Fury software.
If you don’t know manual analysis, if you don’t understand how to determine a trend, there are plenty of resources on the Internet. There are other youtubers who talk weekly about bullish or bearish opinions in the market. You can definitely use this information. You can use Joe’s webinar information here at Forex robot nation every day. And if you have something you want to add to the video, leave a comment below right now. And thank you to everyone for giving me all the support of this channel for following me on Instagram, for following me on Tik Tok and for joining my VIP signal service which has gained 25% in the last two months. This month, we’ve only increased a few percentage points, but I think the last few weeks will be great. Join the VIP group. Do not join the VIP group. Do whatever you want, we make money. Pau.
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