Do You Still Lose?
Automated Forex Trading with Forexoma Robots
Have you ever heard that 95% of the traders lose? Is it because there is no enough information about trading techniques and methods? Or is it because trading is so hard and you have to be a genius to become a profitable forex trader?
Non of the above reasons are related to the forex traders’ failure. Among the 95% losers group, there are so many traders who start trading with the real money while they still have no enough knowledge and experience, however, many of the losers know much more than what a profitable trader needs to know. Many of them have been trying to make money through forex trading for so many years, but they still lose, lose and lose. Many of them are forex trading professors who have tried tens of different indicators, EAs, trading systems and strategies and… . They have even developed strong trading strategies. When they talk about forex trading, they make you amazed with their knowledge, but when you ask about their performance, you either do not receive any clear answer or if they really want to share their secret with you, they tell you that they are not profitable yet and they still lose. Why?
The answer is hidden in one thing: Emotions!
Most of the traders lose, because they are not able to control their emotions. Fear and greed are two of the most important and hardest emotions to control.
You think you are not greedy? Trade forex and see how greedy you are. It is not only you. Everybody is like that. It is normal to be greedy when it comes to making money, specially through forex trading.
You think you have no fear? Open a $50,000 account and take a 10 lots position with a 120 pips stop loss. Something you feel when the price goes against you for 115 pips; something that pushes you to close your trade at breakeven or with a small profit; something that prevents you from taking any position for a while after having a losing position, is called “fear”
There are some methods to control your fear and greed and trade like a professional and emotion free trader, but the problem is that it takes time and needs patience to reach to that level, and having no patience is one of the other problems that 99.99% of people have. Therefore, they keep on losing and then will give up and will lose the chance of making money through forex trading for the rest of their lives.
Is there any other solution?
Automated Forex Trading can be a solution: a computer program or software that trades automatically and on its own. It only follows its algorithm and has no emotion at all. No fear and greed. It just waits for the trade setup, takes the position and sets the stop loss and target or closes the position when it is time to.
It is everybody’s dream, right?
There are tens of robots being sold over the web. When I see their websites, the first question that comes to my mind is that if they are such a profitable robots, why the developers sell them for a $97 one time fee? They can easily run them on a $1000 account and turn it to a million dollars account within few months.
Almost all of these robots are scalpers. They make a few pips when the market is so slow, while they usually have over 100 pips stop loss. These forex robots or automated forex trading systems are mainly created by marketers, not real forex traders. When they release a robot, thousands of copies will be bought within a short time by those traders who are fed up of losing. The fake testimonials and videos you can find on their websites can deceive anybody to order the robots and give them a shot. You think a robot that costs only $97 does worth to be tried, but it will be thrown away like a hot potato, when it makes some huge losses. If they were as perfect as it is described on the websites, they would not be sold for a $97 one time fee, right?
Am I trying to say that Automated Forex Trading is not the solution too?
What I want to say is that there is no robot and auto trader that can be left alone to trade completely on its own and be profitable consistently. Such a robot has not been created yet. Experienced traders are able to create robots that can help them to find the trade setups and take and manage the positions easier, however these robots need close and precise supervision and should not be allowed to trade on their own, otherwise they will make a mess.
Therefore, we will not sell just some small ex4 robots and then teach you to install them on your MT4 and ask you to sit back and let the robots trade your hard earned money.
There are several significant differences between our robots and the other robots that you can buy over the internet:
1. The robots that we have designed and created are not scalpers. They have reasonable and rational risk/reward ratio. They do not have a 300 pips stop loss and a 5-6 pips target (like a famous robot which is released just recently and also most of the other robots being sold over the web).
2. Our robots do not over-trade. They are designed to trade wisely and conservatively to follow the trading rules and trade like a disciplined trader.
3. Unlike the others’ robots, our robots have originally been designed and created for our own trades, not for selling to the others. This makes a big difference. A robot which is designed by the real traders for the purpose of trading with their own real money, is completely different with a robot designed by the marketers. The first robot is designed to make money through forex trading, but the second one is developed to be sold as a product.
It is very easy to create a robot that takes a few random positions with a very tight target and a very wide stop loss, when the market becomes so slow (between New York and Asian sessions) and then wait for the market to hit the target randomly and just by chance. This is how almost all of the robots that you see over the internet work. Just one losing position wipes out several days of profit plus a big portion of the original capital. But who cares? Those robots are created for selling to the others, not for trading with the real money of the creators. They make money for their creators when they are sold to the others, not when they trade with the creators’ money. So it doesn’t matter if they can not make any money through trading. The buyers risk their money, not the creators. Besides, nobody knows who is behind those robots and their websites. So what the creators should be afraid of?
We never wanted to sell our robots and have been using them for our own trades, simply because unlike the other robots, our robots are consistently profitable and can make money for us through trading. However, after running the Forexoma Brokerage, we decided to share at least some of our robots with the brokerage clients to help them to make money and grow their accounts, because unfortunately, the “95% losing rule” is true about them too. Our goal has always been helping people to get good results from their efforts. We never wanted to provide some ordinary services that are also provided and offered by the other companies.
Those who have a live account with the Forexoma Brokerage, will receive the robots for free.
4. We update our robots according to the market new conditions. Forex market conditions change from time to time and we have to fine-tune our strategies based on the new conditions. Although our robots can work on a full auto-pilot mode, we still supervise our robots activities and performance and optimize them based on the forex market conditions. That is why our clients have to stay tuned and receive our updates and this is one of the other reasons that we do not sell our robots for a one time fee. A robot which is sold for a one time fee, has to be avoided, because it is impossible for a robot to keep on making money without any continuous and precise fine-tuning and optimization. Sometimes, you even have to stop using a robot for a special currency pair, until the proper market conditions occur again. I have never seen that those who sell their robots over the internet, update their customers regularly and help them to fine-tune the robots for the new market conditions.
That was just an introduction about forex auto trading, the robots that are being sold over the internet and also our robots. Please let me know if you have any questions.
The last thing I’d like to mention here is that although I compared the Forexoma robots with the others’ robots and explained that our robots are profitable and completely different, it doesn’t mean that I guaranteed any profit here. Everybody trades at his/her own risk. Also please don’t forget that “Past Performance Is Not A Guarantee Of Future Returns.” A forex trader should always have proper risk/reward ratio in his/her trades and should never risk more than what the money management rules say. It is the same in any kind of trading, including the auto-trading. Robots have no fear and greed, but their users do. Therefore, after a few winning trades, you may decide to increase the position sizes to grow your account faster. This is something that has to be avoided strongly. However, whatever that you do, you should not forget that you are the one who uses the robot on your account and you do this at your own risk and nobody else is responsible for any loss, agree?
Good luck 
Forexoma Robots:
- Forexoma Range Trader
- Forexoma EURGBP Trader
- Forexoma EURUSD Trader
- Forexoma USDCHF Trader
- Forexoma News Trader
Further Reading:
Before
leaving our website, please take a look at the other articles we have published.
Hello
I appreciate your comments and questions in advance. Please stay focused on the auto-trading program and the above article. The money management program will be launched too, but I am not sure when. We will talk about it in another chance. We preferred to launch the auto-trading program first to help the current Forexoma Brokerage live account holders to start making money and grow their accounts. That was the priority for us.
Repetitive and off topic comments and questions will be removed. I do not mean to offend or ignore anybody and I apologize if your comment is removed. However, I like to keep the page to the point and focused on one topic. Thanks for your cooperation and your presence
Great news Forexoma!
I have looked into a number of robots and fully agree that you have to continually optimize them or they will erode you account.
Would you recommend using a VPS for your robots? If yes, will you be offering that service through Forexoma?
Hi Jim,
Thank you.
Yes, VPS will be a good idea if you can not keep your computer on or your internet connection is not strong and reliable enough. Otherwise it is not necessary to use VPS. We are preparing to have VPS service too, but when it will become ready to offer, is something that I don’t know now.
Hi, Mr Forexoma, so in order for all the trades to be executed you need to have your PC turned on 24/5, or there will be a suggested time frame?Thanks.
Kind regards,
Ioannis
Hi Ioannis,
For the first robot (Forexoma Range Trader) there is a time frame. It trades from 9am to 12pm EST.
That’s great Mr Forexoma, however since I don’t have a reliable Internet connection, can I use a VPS with a Forexoma live MT4 account (even if I have to find it from an external provider) ?
Yes, you can.
HI Forexoma,
CAN YOU PLEASE RECOMMEND A GOOD VPS SERVICE. ‘COS I MAY NOT BE ABLE TO LEAVE MY PC ON 24/5 AND MOST IMPORTANTLY MY INTERNET CONNECTION IS NOT TOO STRONG AND VERY RELIABLE. HOW SOON WILL THE VPS SERVICE BE AVAILABLE TO FOREXOMA SUBSCRIBERS?
THANK YOU.
Hi,
There are a lot of good companies out there. You can google for a VPS forex service.
Thanks Forexoma. How can clients who have a live account receive this EA. I need it.
Hi Austen,
You are welcome.
You will have access to the sign up form when we launch the program.
Hi Forexoma
I am very happy for this news.
From this moment than I expected.
There are so many emotions besides fear that still have the misfortune not to have time to deal with the Forex because of work.
I have two questions though.
- The recommended minimum amount to invest in Forexoma Range Trader
- What is the estimated monthly return?
I invest long term because Forexoma Range Trader is the best for me.
Gyorgy
Hi Gyorgy,
> The recommended minimum amount to invest in Forexoma Range Trader?
The minimum account size to open a live account with Forexoma brokerage is $500 and you can use the robot on such an account.
> What is the estimated monthly return?
I can neither guarantee nor give any estimation. However, the Forexoma Range Trader has been making between 10% to 25% per month by having only 10% of the total capital for the margin of each position, in a 100:1 leverage account.
Hi Forexoma
Happy to hear this news, was looking forward to this EA ever since I became a member and opened live acct with forexoma.
I know you’ll be sending more details to members but curious to know if forexoma EA will target a single currency pair? And would it deploy the 4hr strategy that you’ve been teaching us thru market analysis program.
Thankyou so much,
Chandran
Hi Chandran,
> if forexoma EA will target a single currency pair?
Yes, they work with some special currency pairs only.
> would it deploy the 4hr strategy that you’ve been teaching us thru market analysis program?
No. The 4hrs strategy can not be followed by the robots, because it is a visual based strategy. Our robots have completely different strategies.
Hello Forexoma,
As far as I understood, the minimum lot size at Forexoma is 0,1 lot. So, what is the minimal capital required to open a real account, trade with your robot(s) and have a sound Money Management?
My best regards
Cador
Hi Cador,
Our robots work with a $500 account which is the minimum possible account size with the Forexoma brokerage. We have no account size limit for using the robots for free, however, we may have some restrictions after a while.
Hi Forexoma,
I do appreciate your efforts and your continual improvements of your services
FOREXOMA is a unique and Stands alone…
Best Regards,
Hisham Al hassan
Hi Hisham,
Thank you. I appreciate your support too
I love this one:
Also please don’t forget that “Past Performance Is Not A Guarantee Of Future Returns.
I wonder if I can’t count on past performance on what can I count then??
Just imagine I go in the morning to my car and want to sell it to sombody after I started it the last couple years about 300 times and the car always started after a couple seconds.
Now I tell the buyer the following: Dear buyer, if you now sit in the car and want to start it please remember that Past Performance of the car Is Not A Guarantee Of Future Performance and it might not start right now and NEVER in the future again. LOL
That completely makes no sence if not past performance counts for future results then what should count??
Forexoma tell me that please and be so kind and don’t delete that post. This is a serious question. Everytime I read stuff like that I know there is nothing I would ever buy!
The only thing anybody can count on is it’s PAST PERFORMANCE. Would you buy anything what doesn’t have a solid PAST PERFORMANCE??
I wouldn’t!!
Hi Tom,
I think there is a problem here in understanding of this sentence:
Past Performance Is Not A Guarantee Of Future Returns.
It means, you buy based on the past performance, because it is the only thing that can encourage you to spend your money and give it a shot, however, a good past performance doesn’t mean that such a performance will be continued forever and as good as it was used to be.
You gave me a good example about the car. You sell your car after 10 years that it has been working properly and without any problem. one year later the buyer comes and says the car doesn’t work. What would be your answer?
Sun has been working and shinning for the past 7 billion years, but can you guarantee that it will keep on doing it for the next day?
I am 99.999% sure that we will see the sun tomorrow too, but I do not guarantee it.
Although you can say, I am sure that we will see the sun tomorrow too, you can not guarantee it, or if you do, you are taking an extra risk that you should not and you don’t have to (legally speaking). This is what I said on the above article too. I have explained that our robots work really good and we are using them for our own trades and I am sure about their performance and functionality, but still I can not or I’d better to say I am not allowed to guarantee anything.
The above clause is just a clause that protects the sellers of the products and services like a robot. Although we mention that the robot works fine and is profitable and we show the performance, we should also emphasize that we are not guaranteeing anything. It is illegal to guarantee any income or any percentage of profit and by no means we are allowed to do that legally. Buyers should be enlightened by the seller (us) about all the risks. So they (buyers) can think, make up their minds and decide to go for it after they understand the risk.
You are absolutely right when you say “The only thing anybody can count on is it’s PAST PERFORMANCE”, however, past Performance is not (and can not be) a guarantee Of Future Returns
So when you find a robot that has been doing good in the past, you say “this robot has been doing good. I buy it and use it as long as it keeps on doing good. And I hope it keeps on doing good for as long as possible.”
You want me to guarantee the future returns of the Forexoma robots, right? If I do and then you make money, the profit will be yours, but if you lose, legally I will be responsible for your loss. In the forex and investment world, nobody can do that, unless there is something wrong with him/her. Even when you deposit your money in the bank today, they do not guarantee that, they return your money if you refer to them tomorrow. Therefore, in the forex trading and any other kind of trading and investment, you should risk the money that you can afford to lose. This is one of the most important rules of this game:
http://www.forexoma.com/money-management-in-forex-trading/
I hope the meaning of the above sentence is clear to you now. If not, I can explain more.
Thanks for the very good explanation from your side. I do understand that you have to do it, it just sounds so stupid if you think about it.
But I got the point and I think you understood me too.
Do you actually have a performance report from your robots??
You are welcome.
Yes, I fully understand your point and I admit that you are right. But something I was trying to explain is that buyers should not expect me to guarantee anything. Exactly like the sun that I can not guarantee its future performance. As I said above:
I am 99.999% sure that we will see the sun tomorrow too, but I do not guarantee it.
The robot has been doing really good so far, however, even for my own trades, I do not let it take the positions bigger than 10% of the margin with a 100:1 account. I will not lose a lot because the robot has a very reasonable stop loss, but I do not want to break the rules that I teach the others and ask them to follow.
Yes, the robot has a performance report that will be shared. Unfortunately we will not show the entry and exit points, but we will show the gains and losses.
hi Forexoma.
Is the Forexoma Range Trader proprietary or will the strategy be open to clients?
Hi Jim,
The strategy will not be open to the clients. Each client will receive a license key which makes the robot limited to one account.
Would you suggest that we start the robot using a demo account or are you confident that we can go live with it right away?
Jim,
The performance that I will show you, the losses and the gains, are completely real. The robot works exactly the same with the demo and live account. However, to build your confidence with the robot, you can try it on the demo for a while.
Thanks Forexoma. I look forward to the release
Mr Forexoma I am sorry to bother you again, I just want to clarify something. You have been trading with this robot with real money not in a demo account,right? Also you have been trading with this robot since December 2010,right?Thanks.
Kind regards,
Ioannis
Hi Ioannis,
We have been using the “Forexoma Range Trader” robot both on the demo and live accounts. With the Forexoma MT4 platform The result is exactly the same. Sometimes there is just a 0.1 pips or so difference in entry and exit between the demo and live accounts which is normal, because live accounts entry and exit are a little slower (because the order has to be passed to the banks).
We have been trading with this robot much before December 2010. What I said above was that we started using it on Forexoma MT4 since Dec 2010 that we launched the Forexoma live MT4. During the last 1.5 years, this robot has been modified several times according to the market conditions.
Hi what kind of performance to your robots get with sound money management?
Hi,
I can neither guarantee nor give any estimation. However, the Forexoma Range Trader has been making between 10% to 25% per month by having only 10% of the total capital for the margin of each position, in a 100:1 leverage account.
Thanks for the explanation. What if someone decides to use more than 10% of the margin level, Is this too much risk or is it not allowed with the Forexoma Trade Ranger?
Hi Forexoma,
just open live account after several months of demoing. Decide to get feeling of live trade and unfortunately you know…. lost 20% of account. Would be good to have your robor and try it as well. When you plan to share with mebers? Best regards,
Ali
Hi Ali,
Yes, I know what you mean. I see that most people including our live account holder clients lose and the main reason of sharing our robots with our members is helping them to grow their accounts.
Hopefully the first robot will be available to the members by the end of this week or the beginning of the next week.
Hi Forexoma,
thank you for such a quick reply. Very good news and I will wait with optimism. New learnings always good. Thank you again for your support and thinking about new comers/beginers.
Best regards,
Ali
Hi Mr Forexoma,
I have been a member of Forexoma since 14/10/2009. When I first found your site, I could see that it was run by someone who knows what he is talking about. But the thought of paying USD100.00 a month to trade with you looked very expensive at that time.
I have purchased many robots which cost me a lot of money that have blown live accounts, it has cost me A LOT MORE and have not made money from forex. I am back at square ONE. (I still believe that ROBOT trading is the way to go to remove all the emotions involved in trading)
I have read some of your post which I receive in the email (VERY glad that I did not unsubscribe from this site) and glad that I read your posted dated 14/3/2011 which is about your Range Trader Robot..
I am going to open a live account right now with your brokerage and trade with your Range Trader as soon as it is launched..
Thank You.
Hi Balwant, Thank you.
Hi Forexoma,
Have you backtested it to check its long term performance and how it behaves in different market conditions?
How long has it been running and tested in a live account?
Can you detect when it`s not performing well according to what is expected before it is quite late?
And if you check it is not performing that good because of market conditions or anything else you will know what to do to fix and optimize the EA?
Just few questions before open my account
I`m very happy with this news
Best regards
Hi Vitor,
> Have you back-tested it to check its long term performance and how it behaves in different market conditions?
I do not believe in back-testing for some of the trading strategies, because the result can be completely different from the live testing. With the “Forexoma Range Trader” robot, back-testing result can be a little far from the live. Therefore, we tested our robot on the live market.
> How long has it been running and tested in a live account?
We have been developing and testing the “Forexoma Range Trader” robot since several months ago. Since Dec 2010 that we launched the Forexoma Brokerage, we have been testing the robot on our own MT4 and because of the fast execution and tight spreads that we had, the robot has been doing really good.
> Can you detect when it`s not performing well according to what is expected before it is quite late?
What do you mean?
> And if you check it is not performing that good because of market conditions or anything else you will know what to do to fix and optimize the EA?
Of course we know. The robot is designed and developed by us after all.
Hello Forexoma,
I’m from New Zealand, how can I open an account in the Forexoma Brokerage?
Thanks
Hi Bong,
Please check the below page:
http://www.forexoma.com/forexoma-brokerage/
Hello Forexoma,
Thank You very much for your reply. But my question was not about to know the minimum amount to open an account. My question was to know how much minimum capital I need to use the robots, trading at 0,1 lots, and have, let’s say, a 2% capital (or balance) risk per trade. Because if SL is @ 50 pips eurusd, means a loss of $50, equal to 10% of the capital, just for one loss of the first trade. So it seems that with $500 one can do not much, except losing all the money if the first 5 or 6 trades go wrong. Would you agree that $3.000 as a minimum would be right amount?
Regards
Hi Cador,
You are welcome and sorry for my confusion.
Currently the Forexoma Rage Trader robot has a 30 pips stop loss. If you trade only 0.1 lot, you will lose about $22-30 which is 4.4-6% of your $500 account. Therefore it will be a little risky to work with a $500 account. A minimum $1000 account is much better and safer. A $3000 account will be really good to take a 3% risk for each trade and let the robot run.
Hope this helps
Mr Forexoma, could you please suggest some reliable VPS service beacuse there are millions out there?Thanks.
Hi Ioannis,
Unfortunately I can not recommend any. Please check the web for the reviews for forexvps.com and see if people are happy with it.
You really are one of a kind Forexoma. I have been waiting for someone to make me feel confident about their honesty and integrity and I believe I have found that person. I look forward to a long relationship with you.
Kind regards,
Greg
Thank you Greg
Hi Mr Forexoma,
When is the launch of Range Trader? Since it will be free to those trading live with Forexoma Brokerage, why don’t you have a special link for your MT4 preloaded with Range Trader.
Thank You.
Balwant
Hi Balwant,
It will be launched at the beginning of the next week.
We do not have any problem in sharing the live statement of the robot. However, as we want this robot to work and make money both for us and our clients, we have to be careful about hiding the algorithm of the robot and its entry and exit. Therefore we can not share the live statements with the public. This will help the robot to keep on working profitably at least for a longer time.
Hi Mr Forexoma,
What I meant was have a download link for the MT4 platform with Range Trader pre loaded when we down the MT4 platform for those who have LIVE accounts with of Forexoma brokerage.
Thanks.
Balwant
It can not be done just by giving the download link. The members area should get ready for having the members. Also you should watch some videos before you use the robot.
Please advise on what is the price of having robot installed on my live account.
regards
paul
Hi Paul,
It will be free for the Forexoma Brokerage live account holders. The other users have to pay $197/month to use the robot.
Hi, I’m confused. Have opened a live accunt, how do I get the ea?
Hi Simon,
Please use the help desk for the problems like this: http://help.forexoma.com/
Hi, we are eagerly awaiting the release. Some of us thought it would be released last week because at the end of the post you mentioned it. So when is it coming out since i have decided not to enter any trade this week without it hoping it would be ready by now.
How long are we waiting.
Hi Austen,
Thanks for your patience. It will be ready hopefully today or tomorrow.
Mr Forexoma I would like to ask you if during all that time that you are using the robot has produced a negative monthly result and how much was it, also what is the longest string of losses that has ever produced?Thanks.
Kind regards,
Ioannis
Hi Ioannis,
We did not have a negative month so far. The lowest month was with a 5% profit. Usually the robot makes between 10-20% and sometimes 25%. We have never let it take any higher risk even after several winning trades. There are some months that losses are more and this is normal. To be at the safe side and as we never know what kind of month is ahead of us, we never take any higher risk than what we should do.
I have never had two consecutive losing days on my live account. However, while testing different settings on the demo accounts, we had two losing days in a row just once or twice.
However, to those who may not understand me properly, I have to say that I am not guaranteeing anything. A good past performance may not be repeated. That is why they say: “Past Performance Is Not A Guarantee Of Future Returns.”
Mr Forexoma thank you for your answer, however I know that it has been briefly mentioned and before but I would like to ask you if you have a maximum number of accounts that you are willing to share your robot with, since we know that it’s performance will be heavily compromised if it becomes available to a large number of traders, so I think that it should be kept only for the Forexoma Brokerage accounts and only for a limited number, for example the first 1000 accounts or something like that.
Also don’t you think that if someone observes the trades in his statement that have been taken by the robot, eventually will be able to figure out the used strategy ?
Sorry for my long post.
You are welcome.
I don’t know how many will buy the robot, but if we see that there is so many requests, we will make it limited to a special number, not to affect the performance of the robot. Of course, the market will not be affected so easily. Forex market is so huge and its limit is far beyond the capacity of our support team. So we will stop selling the robot when we see that our support team is not able to handle more clients and this will be far below the capacity of the market.
No, people can not discover the algorithm by seeing the entry and exit. Of course the exit is always done by a target order. But as the robot uses several different factors to take the positions, it is almost impossible to guess the logic behind its entries.
Hi Forexoma,
Will your range trader EA come with instructions to set it up, as to the risk settings etc.?
Does it have the option to trade at a certain dollar value per pip or is it better to trade at certain percentage risk of capital?
Also does it work better on some currency pairs than others?
Which currency pairs and how many pairs would you recommend for a $3000 bank?
Finally how is your Money Managment Program proceeding?
Thanks looking forward to some profitable trading
Best Regards
Isaac
Hi Isaac,
> Will your range trader EA come with instructions to set it up, as to the risk settings etc.?
Yes.
> Does it have the option to trade at a certain dollar value per pip or is it better to trade at certain percentage risk of capital?
You can set the risk level of the capital.
> Also does it work better on some currency pairs than others?
Yes, it works with special pairs.
> Which currency pairs and how many pairs would you recommend for a $3000 bank?
It doesn’t matter. The robot is able to calculated the trade volume based on the risk percentage you give it.
> Finally how is your Money Managment Program proceeding?
We are still thinking and planning about it.
Hi Forexoma,
i have been subscribing ur forexoma analysis for quite a long time, i have learnt so much from ur videos and trading stratagies , now iam able to do trading on my own , and able to get good profits, i have few doubts regarding the auto trading, first of all those trades will be kept by ur team and at the same time can i trade in the same account, just explain me about this, i am completely new to this system, what should be a descent amount to start of with the robot trading.
Regards
Raj
Hi Raj,
Yes, you can trade on the same account that the robot trades. Just when there is an open position, the robot will take a smaller position because it calculates the position size based on the free margin.
I think starting with a $1000 account will be safe.
Hi Forexoma,
If I am having the account with forexama, and will get the free access for robot, what about forexoma live market analysis?
Tammy
Hi Tetly,
As we analyze so many currency pairs and also follow several different systems in this program, I preferred not to offer it for free to the live account holders, because I saw that some of them take the positions blindly and without having proper risk management.
Mr Forexoma do you mind if I ask you why you stopped offering the one month of free Live Market Analysis if you trade at least 20 lots in one calendar month?Thanks.
Because our live account holders receive the robots for free.
Hi Forexoma,
Are you taking the clients from Canada?
Tetly
Hi Tetly,
Only the brokerage service can not be offered to Canadians. They can use the other services.
hi Forexoma,
do we just plug the robot in and leave it for the month ? I’m just wondering how much manual work is involved with that
Any news on the managed accounts ?
many thanks
Hi Steve,
There are some days that you have to shut down the robot. And sometimes you have to apply some changes to the robot settings.
Money management will be lunched too, but I am not sure when.
Hi Forexoma,
I have only found out about your company today but I am impressed. I’m too busy to watch the charts all the time and want to trade with some solid robots. It sounds like you have some. I agree that they need to be monitored. Does your company let me know how you are using your robots so that I can use them in the same way? Meaning, if market conditions are not appropriate for a certain bot, do you notify me both that they aren’t, and then notify me again when they are?
I have no problem funding a live account with you to get access to your robots and even go on to use them through your company, but do you have a place where I can see past performance of the robots?
Thanks
Nathan
Hi Nathan,
Glad to have you here.
Yes, you will receive all the information you need to run the robot on your account. You will be notified every week about the safe, risky and too risky days.
The above statement gives a clue about the performance of the robot. It acts almost the same every month. Not all of the months are the same. The robot makes 5-25% per months in general.
There are three other robots on the way that will be shared with our live account holders for free.
Hi Forexoma
The range trader should not run, as a safety measure to preserve our capital, on the very risky and risky days.
That sounds good and in the interest of all members using it. But, as a matter of fact, I did a filter on the factory economic events calendar, and for my surprise, until the end of June (and I stop the research in June… I guess it will be the same for all the remaining months), piratically we do not have left almost any days to trade, because most of the days are too risky or risky. So what’s the use to have this robot if one could not trade with it most of the time?
Best regards
Cador
Hi Cador,
Not all of the news we have make the day a “too risky” day. Only some of the news make the day risky. There are always so many safe days to run the robot.
I have used your service before. I am interested in the robot , however,i have some questions
a) do I set up the robot myself , or someone else does this for you? ( I want make sure it is installed correctly)
b) if I open a live account , on how many pairs does it work?
c) can I test the robot on a demo account , before i use the live account
d) Honestly , I have been burned so many times with robots not working and not enough support to feel confident about the installations, for example i had a robot put about 9 trades going in the same direction ( the wrong direction at that ) when I contacted the robot support team ,after waiting for days for an answer, they could not tell me why the robot was doing it. they led me to believe that it was me doing something wrong. Anyway , i feel yours is an honest service and i would like o try with live account .
what do I need to start
Hi Al Bernal,
a) If you use the robot on our platform, you will have a MT4 that the robot is already installed on.
b) The range trader robot works with one currency pair. We will have 4 more robots very soon that 3 of them work with three different pairs and one of them works with several other pairs during the news time. Our live account holders will have all of the robots for free.
c) As a live account holder, you can test the robot on the demo account for one month. Then you will have to use it on your Forexoma live account, or if you like to keep on testing it on the demo account, you will have to buy the license.
d) Our robot only takes one position at a time and everyday, if it finds a trade setup. We are here to help our clients to make money. We do not want them to wipe out and blow up their accounts. It is very easy to develop a robot that over-trades. That will make a lot of money for us if our clients trade more. However, we are here to make people, and so ourselves “happy”, not to build our happiness above the others sadness.
Hi Forexoma,
Thank you for the new robots!
Can you post the session hours for each of the robots? It is helpful to know when MT4 needs to be running.
Thanks
Jonathan
Hi Jonathan,
You are welcome.
You need to keep the platform working 24/5.5, because each robot has a different trading session and some of them have no trading session and they simply wait for the technical trade setup.
I have enjoyed employing the robots thus far and look forward to seeing what they might teach me about the markets as well as hopefully earning profits. I am wondering if your team has any plans to develop a robot to trade the gold, silver, or oil markets? I have seen very significant volatility lately, particularly in silver and I am wondering if you have any method of trading these strong swings for profit, perhaps a range trader of sorts? Many thanks, Rod
Hi Rod,
No, we will not have any robot for trading gold, silver or oil. They are not really suitable for auto-trading.
Hello,
I have a few questions.
1. Can I safely use all 5 robots if I open $1000 live account?
2. When there is a day we shouldn’t use robots, do you notify users by email ahead of time?
3. How long are these new robots tested, and were they so far profitable? Were there any months with negative results?
4. I read that the users have to download .set file every time there is a trading opportunity to use news trader. What about other robots? Do we just let it run?
Thanks.
Alissa
Hi Alissa,
1. Yes, you can.
2. Yes, we do.
3. Some of them have been tested since several months ago, but with different algorithm and settings, because we update the robots from time to time according to the market conditions. We had some negative months while developing the robots, but then they came to a stable and consistent situation. The news trader robot is younger than all the other robots. It is developed to enter the market right after the news release.
4. The other robots are not like that. You just let them run. We could let the users do the settings for the news trader robot too, but then we through they will make mistakes and we will have to answer hundreds of questions. Therefore, we decided to create a MT4 for each news, that the news trader robot is installed on with all the related settings for each special news. The users just download and run the MT4 few minutes before the news release and after it finishes the trading, they can remove that MT4. It will be as simple as 1, 2, 3
p.s. also can i still trade eur/usd even if the robot has an open order (or will that confuse the robot me trading that too) … thanks valid
Hi,
You can trade even while the robot has taken a position and it will not confuse the robot because it knows the position it has taken. However, there is another robot which is called Anti-Slippage. It comes with the other robots. This robot carries the hidden stop loss and target. It is not position specific. Therefore, when you want to trade on your own, you have to shut down that robot.
i see thanks Forexoma, so once I’ve closed down the anti slippage, can the robots still trade unhindered ?
Thanks for the new robots too - do you have any income projections for the new robots. Do they all gain around 10-15% a month ? So on a 1000 dollar account, it could be 150 dollar profit from each robot.
I have had chance to use them yet as I’m worried about slow connection so just subscribed to a VPS today.
All the best
Steve
You are welcome.
> so once I’ve closed down the anti slippage, can the robots still trade unhindered ?
Yes.
> Do they all gain around 10-15% a month ?
It is not legal to make such promises on the site. All you can do is relying on the past performance and risking the money that you can afford to lose.
Hi Forexoma,
Can I use any other robot on your platform and secondly do you allow scalping?
Thanks.
Tamo
Hi Tamo,
Yes you can use any robot that you want on our platform.
There is nothing against scalping from our side. You can do that.
How much a license cost if I demo trade one robot such as EUR/GBP?
If I didn’t try the other robot yet, can I demo trade those as well before buying a license?
Since I only demo trade one robot since I thought it trades the most.
We do not sell the license for the individual robots. It is an overall fee for all of them. You pay for the fee and it is up to you if you like to try one or all of the robots.
Hi I was wanting to know if any more up to date results are available for the robots.
Can your robots also be applied to and used on other brokerage accounts than Forexoma?
Hi Kevin,
Yes. In order to use our robots on the other brokers platforms, you have to buy the license key.
Dear Forexoma,
I am really impressed by your robot performance that you have mentioned. I just wonder it is availble for this robot service now if I open an account with forexoma brokerage?
Please clarify this! thanks.
Hi Dewei,
We have released a new version for all of our robots that have to be tested on the demo account for now.
Ok, thanks. Please let me know when they are ready for live account for making real profits. I will open an live account with your brokerage and let it run for long time.
Looking forward that day. I think it is coming soon.
Ok I’m re-posting this question after reading more carefully that I need to use a real name, not a screen name! I am interested in opening an acct w/ forexoma and using the Range Trader Robot. I know this will sound like a dumb question, so sorry. I have read much of the info about the robots but I am very new to forex. So I am wondering, while I am learning, can I use the robot with very limited knowledge of forex? How much exactly is required of me? I understand I need to have my computer always on with a VPS service, and that when alerted I should shut the robot off, correct? But as far as leverage, etc etc I’m pretty clueless right now. Will the robot do most of that for me, and/or can I just follow it’s directions for how to set it up? I am wanting to start with around $3000 US thanks~
Hi Amy,
> can I use the robot with very limited knowledge of forex?
Yes, you can. You can also login to your Forexoma trading room account and learn about trading easier and faster.
To use the robots, you have to have your computer on 24 hours per day, 5 days per week. Or you can rent a VPS.
Thank you Forexoma. One more question. I have cox communications for my internet service, and we always have our main computer on, as far as the power goes. And unless there is a power outage or something, which rarely occurs–our internet is on. But I’m not always on the web, so to speak, like my computer is just on and my screen saver is up. So is that ok, or do I need a VPS service? I have a laptop as well with a wireless router, but that is not always on, so I would just set up the robot on the main computer. Thank you again, Amy
You are welcome.
No, you do not need a VPS.
Hi Forexoma ,
It is about one week that i found your site and i have already opened a demo account with you.I think you are real and i can make money with you.
I understand that for opening live account minimum need 500 USD .After paying 500 USD and oppening live account Should i pay
99 USD/monthly for receiving your signals?because I read in your robots part that if we open at least a 500 USD live account with you we can have a robot free of charge ,so do we need to pay 99 USD/monthly for your signals also when we have robot free of charge on our live account? and what is difference between robot and signals that you send ? Because I think Robot also uses the same signals or the same method that you predict the market and send signals.please explain more and give us the advice for a new trader that wants to open live account and have your signals or use robot.
kind regads
Mohammad Reza
Hi Forexoma
I am looking at opening a $3000 (USD) account with forexoma. I want to learn all about forex trading - that I will do in time from your site. I am interested in the robot to trade for me - while I am learning - to make some money while I am “studying”.
What effort is required from me when I use/run the robot other than the initial setup and configuration?
I will leave my PC on 24/5.5, can I check the robot once or twice a day or should it be monitored constantly?
Due to my time zone (GMT+2) , some of the trading slots will be very late at night/ early mornings for me – can I let the robot run through the night and just check it in the morning?
Kind Regards
Eugene
Hi Eugene,
Our robots are set and forget. You just need to let the platform run.
Thanks Forexoma
I am very new to Robots - so forgive me if I ask silly questions.
Do I need to setup trades in the robot based on you Live Market Analysis Program or Do I set my min and max parameters and some other strategy setups?
Is there a robot in the Demo account that I can test ?
Regards
Eugene
Hi Eugene,
1. Our robots have nothing to do with the Forexoma Live Market Analysis program.
2. Our live account holders can demo trade the robots for as long as they want.
3. You do not have to set anything with the robots. Everything is already done by us and you just download the platform and let it work.
Dear Forexoma,
I am over whelmed by the posts here and the way you respond to each and every one of them. I have searched and searched the web for good forex answers but i dont need to ask any more, you have already done me justice in regard to robots. Please send me some more information on managed accounts, i will be so glad receiving a feedback. I didn’t know that thier still good guys on internet, thank God you are thier to redeem us from scammers who have abused this forex market for selfish gains. I am considering investing under managed accounts with your company. Krgds, Richard
Hi Richard,
Thank you for your comment.
The money/account management service is not launched yet.
dear Forexoma,where can I see latest analyse of robots performance?
best regards,
Hi Ali,
The current robots will become retired and it is a long time that they have not been updated. Hopefully the new robot will come very soon.
why you are not closing it? and why you are not warning clients about their retirement?
Our clients are aware of it since long time ago. It is also mentioned on the members area. Additionally, it is a long time that our clients can use these robots on the demo accounts only and no license key for the live accounts is issued.
Hello sir,
I am going to fund my account soon,I need to know that do i have to open different account to
use robot for 1.range trader 2.Eur/Gbp trader 3.eur/usd trader ? please inform me…
No. They work on the same account.
Hi forexoma, i am really impressed by the way you handle your business.
How will potential clients like me know when you start the managed accounts program and VPS.
Are you going to write an article about it then or will subscribers be informed by email of latest developments at forexoma. Thanks.
Hi Ray,
We always announce our new services and products.