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2 hours ago, mmicro said:

A guy I met keeps me posted on how it's working, sent a cap of the asian open now, in 5m. But wont share.

alpha2.GIF

I believe the default settings come with EMA of 14. However, it should be changed to 100.

Then there are just Paranolic Sar, the harsh line you see in your pic and then just dotted lines of support resistance. 

Big green number on top right is just net change. This number can be switched to tick change, currency change...

Those arrows are not specifically for buy or sell signals per se, but to indicate for the high volume bar. Although one might still take them to initiate entries.

Their rules, one of them, is to measure the distance of the signal bar to the next and closest support or resistance, for potential target profit, it has to be around 80 ticks in value or more to enter a trade, or else, it is considered invalid.

Sad part though, there is no audible alert in settings. Don't know why with this such simple thing, they couldn't include it. Not that a big deal really but still, would have been nice.

Edited by Ninja_On_The_Roof
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Okie dokie, my first impression of this is "so so" after using this for a week now. Yes, not much of time to justify an indicator, systems nor bots. 

Just as any other bots out there. It gives you winner signals here, loser signals there.

Nothing impressive, in my point of view. I meant that as in a sense that it isnt something that would definitely stand out, compared to other known bots we have tried here.

As far as for any videos, I guess they Alpha partnered with this guy. I couldn't find any official videos of them really. Strange. Just a couple of dudes showing their trades and gains with cheesy noise in the backgrounds.

 I remember, he used to show his videos using TruTrade, trading heavily with massive contract sizes. Now he us showing all kinds of bots.

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@Ninja_On_The_Roof which bot of all the ones you have tried has shown the most consistent performance and is also realistic with prop firm risk rules? 

Because I am noticing that almost all of them take huge risk of more than $1000 per trade for example. Regardless of whether the trade ends up being a winner, the drawdown rules get your account blown anyway. And even when they don't 1 loss on a small size account is all you can afford. 

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45 minutes ago, Karmaloop said:

@Ninja_On_The_Roof which bot of all the ones you have tried has shown the most consistent performance and is also realistic with prop firm risk rules? 

Because I am noticing that almost all of them take huge risk of more than $1000 per trade for example. Regardless of whether the trade ends up being a winner, the drawdown rules get your account blown anyway. And even when they don't 1 loss on a small size account is all you can afford. 

Hi,

This is hard question to answer as everything, at the end of the day, it all depends on your skill of managing losses. 

Then, each prop firms have their own rules. It's hard to come down to one size fit all answer.

When you said they take a huge risk of $1000 then I am guessing you were referring to trading on full size contract, and/or more. Also, it must be that your stoploss was wide.

The trick in passing these prop firms and be on top of the trailing drawdown is to take a small chunks one at a time. Trying to go for a home run and even if it did do so, a small pullback would put you in trouble. 

You just have to accept this part. Once you hit the threshold and the trailing stops, then you can swim freely a bit. 

Aim for a couple of hundred bucks and just stop. Walk away. Trying to make more, rushing to pass these prop firm accounts in a day or two isnt ideal at all. Not only that, you have 30 days long to do it. Why the rush really but yeah, I understand it perfectly why people tend do so.

My take is that, try to save some decent money and trade on your own personal account. You make 100 bucks. It is yours. You can withdraw it right away. No mumbo jumbo rules of daily limit or trailing to worry about.

As far as for bots, I haven't encountered any that gives you consistent profits. If you do, please let me know. They all do pretty much the same thing. Win here. Lose there. One big gain. Two big gains.Then gives all back. 

But then again, it comes down how best you do in managing your trades and protecting your gains and capital. 

If you have 2 big gains, and you let it all gone away and then, also now in deep red, then it is all on you. That's bad managing. 

 

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Just forget bots. While it is all fun and dandy playing with them but I do personally think the best way to trade is to do it manually, by ourselves.

Yes, bots can have some advantages over us such as their sheer disciplines. They dont enter just about any trades just because they want to. They enter trades only based on our settings for them and or whatever methods /strategies they are coded for. And, of course, they only enter trades when we enable them. 

We, on the other hand, we force trades at times. We chase and FOMO. We click here and there just because we see big green or red candle. We sometimes trade when we are drunk and high on mushrooms. Just to name a few.

Regardless, bots can't beat us when it comes to what is happening around us. Bots dont know if we have an earthquake or World Trade Tower collapses to pieces. Bots can't tell if there is a war going on or Feds are about to speak...

If you want, I can always forward you my daily trading templates for my charts. In hope, they would help you a tiny bit, if at all. In no way, shape or form, I would ever say this would make your trading profitable. I just hope it would give you a little hand in some ways. 

Sometimes I wonder though, why is it just so hard for some people to just make a few hundred bucks per day or, be satisfied with this amount of money. Why is it so hard for some people to just turn off their computers and walk away once they have made their goals.

Greed does kill. The more time you expose yourself out there in the market, sooner or later, you would give everything back. At least, that is what I have learned throughout the years.

On another note, something is such invisible behind everything and on your mind yet, timing is also extremely important. Turning on your PC and starting to trade at the wrong time might just be deadly for you. 

 

 

 

 

 

 

Edited by Ninja_On_The_Roof
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