5 Traders Who Successfully Use Robot Trading to Make them Money
In this article we take a look at 5 traders who use robots or robot trading strategies to trade
successfully. Be sure to stick around for our last trader who turned $200 into $190,000 in one
night.
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Trader who used robots to make $24,000 in 1 month
https://www.youtube.com/watch?v=oa0hjTxM1CE&ab_channel=TradewithPat
Trader Pat used his forex fury robot to make $24,000 on his $50,000 account. His approach to
using robots in trading is very prudent. He does not let them run all by themselves, he monitors
them and makes sure they are trading within certain parameters. The strategy employed by
the robot is to enter trades in ranging markets after a trendline break. It only looks to make 5-7
pips each trade and only trades the last hour of the New York trading session. He has a stop
loss of 8,888 pips which means he essentially doesn’t use a stop loss. He used a lot size of 1
which is large even for a $50,000 account.
For that month between February and the end of March he was able to make $24,000 with a
drawdown of about 5% which is a pretty good.
Well done Pat
What do you think about his strategy and what do you think about his stop loss? Would you
trade like this?
Veteran Robot Trader Builds Robots As A Business
https://www.youtube.com/watch?v=6UJzcz1HWzg&ab_channel=Expert4x
Alex was an accountant with an MBA but left to trade forex and has been trading for 20 years.
He converted his successful manual trading strategies into trading robots and began selling
them through his Expert 4x business.
He shares how robot trading has enhanced his life giving him the freedom to travel the world
while his robots are trading. Alex uses online software to manage his computers virtually while
he is away.
One of the most important things that Alex stresses is the portfolio approach. He stresses that
when trading robots you need to trade a variety of securities with different strategies and to
create a portfolio of robots in order to reduce your risk.
He tests settings on his demo accounts in his “laboratory” and when the set files are profitable
he introduces them to his live accounts. He trades aggressively in 30% of his accounts and
knows that if some of these accounts are blown, the ones that do well, more than make up for
the losses. The other 70% of his accounts are very stable and profitable.
Alex is now making his successful accounts available to be linked to by his clients in his paid
forum. He has over 1,200 videos on YouTube and has been teaching people how to trade robots
successfully for years.
What do you think about Alex’s portfolio approach to using robots?
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Vlogger Trades Robots For the First Time
https://www.youtube.com/watch?v=SqjU2j5DCHs&ab_channel=JatzNaran
Jatz is a charismatic vlogger who shares his experiences looking for money-making ventures to
become a millionaire. He shared his experience looking for trading robots to build passive
income.
Jatz visited the MQL5 website and found two robots, one free and one paid, to test to see if they
could generate passive income. He then purchased a subscription to a VPS (Virtual Private
Server) to run the robots without him having to keep his personal computer on. After that he
installed the MT4 terminal on the VPS, downloaded the trading robot and placed them on to
several forex pairs to see how they would do over a 48 hour period. His risk was $282 and he
traded with a 0.01 lot size.
He actually did pretty well considering he didn’t know the strategy that was being used with the
trading robot. He didn’t change any of the settings and used the default setting provided by the
robot creator. His profit on the paid robot was $85 which minus the $30 he paid for it gave him a
net profit of $55. His profit on the free robot was $47. Which gave him a total of $102 total profit
for this experiment. So all in all this was a successful test.
He recommends not doing what he did and he doesnt think trading robots are a way to go to for
him to reach his millionaire status. Which is a perfectly good analysis since he didn’t study
trading and is not a trader.
Any successful robot trader will tell you to not use trading robots unless you understand the
strategy being used because you won’t be able to correct for any problems.
He did mention the fact that banks use trading robots to place their trades and being a robot
trader gives you an advantage like the banks.
What do you think about Jatz’s experiment was he just lucky?
If you thought Jatz had good luck, you’ll definitely want to stick around to the end to hear our
final trader’s story.
Trader who can’t trade wins trading competition
https://www.youtube.com/watch?v=xGufV9qYufA&ab_channel=LisaForex
Lisa is a trader from Australia who self admits that she doesn’t know how to trade but she uses
trading robots to make the decisions for her. She has a testing process to create the best set
files for her robots to use and she uses several computers and a Virtual private Server to make
it happen.
She is a data analyst so her approach to trading is strictly by the numbers and can probably be
compared to Jim Simons who used computers and data analysis to become one of the greatest
traders of all time.
Her testing process is the same one taught by Alex at Expert 4x. She uses one computer to
backtest a number of securities to come up with viable set files for the best securities that meet
her risk tolerance. Then she takes the most profitable set files with the least amount of
drawdown and forward tests them for about a month.Then she makes adjustments to them to
increase their profitability and forward tests for another month and repeats this for one last
month. This process is very labor intensive with setting up to 20 MT4 terminals and running
backtests that can take hours but according to her the results are worth it. If you look at her
results you might think so too. She has won $1,500 in a trading competition and has passed the
FTMO challenge as well.
She documents her whole process to winning in the trading competition with 5 videos and takes
you step by step into how she tested the set file that won the competition. She also gives you
her takeaways on how she would do it differently and what would be the best approach next
time.
She also documents her passing the FTMO challenge as well and shows key strategies on how
to stay withing the drawdown requirements for the challenge.
What do you think about her trading strategies? Would you be willing to put the time in to testing
robot set files like Lisa?
And now for our last trader who really hit a home run
Trader who turned $200 into $190,000
https://www.youtube.com/watch?v=ZF8boT7_K3k&ab_channel=ForexLive
Our last trader had an amazing experience turning $200 into $190,000. He actually didn’t use a
trading robot but traded manuall. However, he used a strategy that Alex from Expert 4x has
turned into a successful trading robot called the Double in a Day robot.
Thomas a 19-year-old trader was working the factory night shift and trading Oil. He had only
been trading for a year and after blowing several accounts of up to $700 he decided to risk $200
from a credit card to see if he could turn it around.
After getting a good nights sleep of about 9 hours he went to work and placed a small trade of
0.01 lots in oil to see if he could make $1,000 for that trading session. He traded the European
session that happens between 3am and 11am New York time. Thomas lives in Toronto Canada
which is the same time zone as New York.
After the trade started going against him he got frustrated and threw the phone down and
walked away. When he came back he saw that he was in profit and decided to see if he could
grow the account. His strategy was similar to a well known double-in-a-day strategy that uses
the equity gained in one trade as a hedge to place another trade with a larger lot size in hopes
of doubling the account.
Thomas expanded on this approach by increasing the lot size even more every time his equity
increased. At one time he was placing trades of up to 20 lots which is extremely risky.
As the account kept getting larger there were some things he had to consider:
● Should I close out with a great profit or keep growing it?
● How am I going to withdraw this amount from my broker?
● Will my bank accept this amount in my bank account?
Fortunately for him all of these things worked out but it was definitely stressful in the middle of it.
He started to see the candles getting smaller in size and his indicators also began to show that
the run he was following was slowing down. That gave him the signal he needed to start closing
his larger lot size trades till eventually he closed all of them with a $190,000 profit.
He called his dad and told him. Of course he didn’t believe him at first but when he got home
and saw the account he knew it was real.
Thomas’ broker is FBS and he had no problem withdrawing the money from the account saying
it only took one day. When the money came to the bank they called him and asked him if he was
expecting that amount and he concurred that that was the amount he was expecting.
What do you think about this story? Would you have the guts to trade like this?
Thanks for sticking around until the end. Wasn’t that amazing? If you want more check out our
next article.