Once all of the above is finished, you’ll have your standalone and independent autotrading system set up. This will give you a weekly return (Forex market runs 24 hours a day, 5 days a week).
I am a little "greedier". I go for SimpleFX when I want to trade 24/7 on crypto-currency pairings & 24/5 for the regular pairings. Haha, trading with no ID required if you trade using BTC and other crypto-coins. Nonetheless, I also use FXChoice because the spread's better good. But lately, the numbers of pairings have reduced, am I right?
Thanks for your info...!
And I am curious about setting up "home server", and EAs... I have purchased one or two before... Didn't exactly work for me... Have you any suggestions?
Hi @Kiek, yes I left out the part where I had 6 EAs before I found a way that works haha. I use one called fxvoodoo, and the verified charts and backtesting we're very attractive, however I noticed anything larger than a micro lot would always end in a stop-loss. So my equity was full of peaks and troughs.
I worked around that being imaginative... I opened up a second account, registered my voodoo acct as a private signal, and copied trades into a second account; and I withdraw from my voodoo account every week so it keeps trading micro lots and increase the lot size when I can on my second one acct. So one account places trades, and the other has compounding returns :)
With home servers though, that's ideal if you have good, reliable connection. I use a home server (go microserver gen 7) because I have 8GB ram and it cost me $300, whereas a vps is normally 1-2gb ram and where I have multiple mt4 platforms running, a vps would lag.
Depending on how tech-savvy you are, I'm actually currently learning the google cloud platform, and I'm working on a template where using a Windows virtual machine instance, your ram increases every time an mt4 instance is installed, so you can run a scalable mt4 vps. However that's not fully functional yet ;)
Unfortunately... Not so... Haha... FXVoodoo? I need to check that out. I have BTCRobot, but... Oh well, my experience isn't great. Maybe it was the timing that was wrong when I use it.
I've also wanted to get into crypto trading, but I can't ever understand platforms like bitfinex or bittrex, plus I'm not even sure how you could automate it, or how reliable it could be as most cryptocurrencies have pretty wild fluctuations
The SimpleFX i'm referring to above, works with MT4, & it carries the usual pairings like EURUSD etc... As for automation & EAs... Hmm... I can't be too sure...
What other EAs/ scalpers do you use most frequently (other than FXVoodoo)? Some other EAs I have found are too pricey a capital layout?
Any broker using MT4 can use an EA :) except you can't install an EA on the Android or apple MT4 platform, only windows or mac (Linux you can, but have to install and run it through wine).
I don't actually use any other EAs or scalpers, just FXvoodoo :) some are pricey, but to be fair it's paid for itself 10x over