I have been using the Piphiker forex robot for almost 3 months and I am really impressed, more than 200% profit. I work long hours during the week so I don’t have time to trade , the forex robot is ideal for me , as long as one is not greedy by over leveraging and you are patient and let the EA do it’s thing, you will find yourself with a lot of profit

The market values/prices used to compute the equity or margin requirement in an Interactive account may differ from the price disseminated by exchanges or other market data sources, and may represent Interactive's valuation of the product. Among other things, Interactive may calculate its own index values, Exchange Traded Fund values or derivatives values, and Interactive may value securities or futures or other investment products based on bid price, offer price, last sale price, midpoint or using some other method. Interactive may use a valuation methodology that is more conservative than the marketplace as a whole.
Trading on margin can be a profitable Forex strategy, but it is important to understand all the possible risks. You should make sure you know how your margin account operates, and be sure to read the margin agreement between you and your selected broker. If there is anything you are unclear about in your agreement, ask questions and make sure everything is clear.
Interactive Brokers ®, IBSM, InteractiveBrokers.com ®, Interactive Analytics ®, IB Options AnalyticsSM, IB SmartRoutingSM, PortfolioAnalyst ®, IB Trader WorkstationSM and One World, One AccountSM are service marks and/or trademarks of Interactive Brokers LLC. Supporting documentation for any claims and statistical information will be provided upon request. Any trading symbols displayed are for illustrative purposes only and are not intended to portray recommendations.
In this post I will be reviewing the Odin Forex Robot that has been developed by the team over at Forex Robot Trader and runs in the free to download and extremely popular MetaTrader 4 (mt4) trading platform that is available by most forex brokers across the globe. The Odin Forex Robot is fully automated so it will do all of the trading for you, just keep in mind that it is a grid-based forex trading system so use sensible lot sizes and do not over leverage your account to avoid a margin call / stop out. For best results with the Odin Forex Robot, I would personally use a true ECN forex broker which can help lower trade costs and give good bid / ask prices with the amount of liquidity they have. As with any forex system, Odin Forex Robot will perform best with low spreads, low slippage and low commissions. Odin Forex Robot is suitable for any level of trader from beginners to the more advanced with easy to follow setup instructions provided by the developers.
76% of retail accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

There is one unpleasant fact for you to take into consideration about the margin call Forex. You might not even receive the margin call before your positions are liquidated. If the money in your account falls under the margin requirements, your broker will close some or all positions, as we have specified earlier in this article. This can actually help prevent your account from falling into a negative balance.
The Odin Forex Robot uses an advanced grid trading strategy to find high probability entry points in the market, targeting reversals and trends to catch big moves for a good amount of pips. Odin Forex Robot will open, manage and close trades for you, just make sure that you keep an eye on it to see how the performance is going. The Odin Forex Robot developer does share performance statistics on the official Odin Forex Robot website which are very impressive over the long term although I would like to see these results verified by myfxbook or FX Blue for extra peace of mind. Odin Forex Robot includes a broker shield feature in an attempt to avoid unsuitable broker conditions. It comes with set files for 20 popular forex currency pairs although I would personally prefer to trade the major pairs such as the EURUSD & GBPUSD as they tend to have the lowest spreads and lowest slippage due to the amount of liquidity, they have most of the time. Odin Forex Robot also uses a tight stop loss and take profits whilst locking in profits.

In addition, I've had some comments from people suggesting that they'd like to see more varied order types than the simple Market Order. For carrying out proper HFT strategies against OANDA we are going to need to use Limit Orders. This will probably require a reworking of how the system currently executes trades, but it will allow a much bigger universe of trading strategies to be carried out.


The next method, add_new_position, takes the parameters necessary to add a new position to the Portfolio. Notably, it takes the add_price and the remove_price. I have not used the bid and ask prices here directly because the addition and removal prices will depend upon whether the side is "long" or "short". Hence we need to correctly specify which price is which in order to obtain a realistic backtest:
With OANDA we are free to choose the number of units traded (and thus the exposure generated). Since I have a sterling (GBP) based account and I am trading GBP/USD for this example, the exposure will always equal the number of units. This is currently "hardcoded" into the system below. When I create multiple currency pair options, I will modify the exposure calculation to take into account differing base currencies.
What caught my attention at first glance, is its exaggerated price that doesn't reflect the profitability of the software in any way but gives it an important advantage as it won't be used by so many traders what will make its live market performance highly effective and successful if it was already well coded and configured, but for me, I won't risk a $2000 in a software without a clear refund policy. They say in the website that they provide 60-Day Money-Back Guarantee if the Robot doesn't WORK! which means that if the robot worked and was a loser, you don't have the right to request a refund, it finally worked on your platform regardless of its results.
Forex Combo System - WallStreet Forex Robot - Forex Striker - Omega Trend EA - Forex Megadroid - FAPTurbo - GPS Forex Robot - FX-Builder - Forex Diamond - Volatility Factor - Forex EA Lab - Tick Data Suite - KeltnerPRO - Omni Forex Signals - Forex Mentor PRO - Quant Analyzer - EA Wizard - Tick Data Downloader - Forex Trendy - FXAutomater - InstaForex - EA Builder - Forex Trend Detector - Swing Trader PRO - RayBOT - RoboMarkets - Forex4You - Tickmill - FXVM - TradingFX VPS - FX Secret - StrategyQuant - Automated Forex Tools -
It is essential that traders understand the margin close out rule specified by the broker in order to avoid the liquidation of current positions. When an account is placed on margin call, the account will need to be funded immediately to avoid the liquidation of current open positions. Brokers do this in order to bring the account equity back up to an acceptable level.
In the last Forex Trading Diary Entry (#1) I described how to build an automated trading system that hooks into the OANDA forex brokerage API. I also mentioned that the next steps included constructing a portfolio and risk management overlay for all suggested signals generated by the Strategy component. In this entry of the diary I want to discuss my attempt to build a functioning Portfolio component and how far I've currently progressed.
The currency exchange rate is the rate at which one currency can be exchanged for another. It is always quoted in pairs like the EUR/USD (the Euro and the US Dollar). Exchange rates fluctuate based on economic factors like inflation, industrial production and geopolitical events. These factors will influence whether you buy or sell a currency pair.
I post this to let you know, as the title mentions it, that I made a trading diary, with google documents tool. This a generic spreadsheet which allows any trader to manage his trading (his risk, his pnl, his opened position, the orders...) with a trding diary. Every trader,should have one, and I mad mine with google docs. At least you must have an account to acces this spreadsheet.
×