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I Used A FREE Forex Robot To Day Trade For Me - YouTube
Channel: Jatz Naran
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- In this video, I'll be
putting a thousand pounds
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in my trading account,
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to let a Forex robot trade for me.
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And make sure you stick around until then,
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so you can see the results,
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as well as learn how you
can start doing the same
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if you wish to.
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What's up, people?
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Welcome back to the
channel, my name is Jatin,
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and I'm a 21 year old uni
student who loves hustling.
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And on this channel, we talk
about money, entrepreneurship,
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and everything related to that.
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So if you're interested
in any of those topics,
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then make sure you hit
that subscribe button,
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and turn the bell on,
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so every time I upload,
you'll be notified.
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Now, trading with the
Forex robot is a good idea,
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as well as a bad idea.
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The reason why it's a good idea is because
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if you use a robot which
has the right strategy,
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which is coded well by
the actual programmer,
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then it's a perfect,
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it's a no brainer to know
how to use a Forex robot.
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However, if you're gonna
be using a Forex robot
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which literally has no strategy,
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and is gonna blow your account up,
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then it's not a good idea.
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So in this video, I'll
be actually going to look
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for a robot, maybe try
and find a free robot.
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So when I do test the results
out, you guys can see,
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and if you wanna try out yourself,
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you can go ahead and do that as well.
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Now, the first thing I'm gonna do
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is actually go and look for a robot.
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So I'm gonna get on my computer,
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and just scroll and see
if I can find a robot.
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So let's quickly do that.
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All right, so what you see
on the screen right now
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is the MQL website.
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Now on this website, you will find
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thousands and thousands of
robots, and all sort of things.
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So as you can see MQL 5 program markets.
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Now this is MQL 5, where
we are looking for,
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I mean, no, we are on MQL 5.
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I don't know what I'm
talking about, but anyway,
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what you need to look
at, is click on markets,
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and then under Experts for MetaTrader 4,
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'cause I'll be using MetaTrader 4.
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If you're using MetaTrader
5, you can do that.
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But you guys, if you have never
traded, you wouldn't know.
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So just go on MetaTrader 4,
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and see these are all the robots.
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Now, as you can see,
if you could buy robot
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worth up to $1,500, but we
are not gonna be doing that.
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We are actually gonna go on free.
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'Cause I wanna try and see if
we can find a good free robot.
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Now, one thing I like to do
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in the filter mode,
let's remove that filter.
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Yeah, there you go.
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So at least four stars,
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and then we're just gonna find it.
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Now as you can see,
all these have come up.
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Now, I personally look at the reviews.
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(upbeat music)
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It's got 61 reviews, very profitable,
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very profitable but high risk.
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I mean, that's what the robot's about.
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So cool.
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I think I'm gonna go ahead with this one.
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Good EA!
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This works really well.
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Okay, that sounds all good.
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Now, as we have found the robot,
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the next thing we have to do
is get a brokerage account.
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So I'm gonna use IC Market
to make my trading account,
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which I will do that quickly,
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and then we'll cut back to the part where
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you guys can start seeing
me setting the robot up.
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All right, so at the moment on my screen,
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you see the IC Market
MetaTrader 4 software,
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where you basically trade,
you need to download this.
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You can download this directly
from your brokerage account,
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which is for me is the IC Market account.
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And you can see my balance is 1000 pound.
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Now, the next step is to install
the robot on this platform,
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which is MetaTrader 4.
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So I'm gonna go.
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And I think it's easy to
press the download button
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from here.
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We'll have to sign in, let
me sign into my account.
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So I've signed in with Facebook,
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and now I'm gonna press download.
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And yes, I'm MetaTrader
4, open MetaTrader 4.
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And then open MetaTrader 4,
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and let's see if it opens.
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Now as you can see that
under Expert Advisors here,
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you can see Markets, and says Dark Venus.
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Now, one thing I would
like to tell you guys that
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if you're using a Mac,
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I think you can't use MetaTrader 4,
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or you can't download
MetaTrader 4 on a Mac,
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which is kind of shitty situation.
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However, if you are gonna use a robot
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like permanently, or 24 hours,
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or maybe more than a week or a month,
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then I would recommend just getting a VPS,
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it's virtual private server,
which is a windows server.
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So if you remote desktop
into that on the Mac,
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you can download MetaTrader
4, and start trading.
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Now, I'm quickly gonna go
through the description
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of how actually this robot works,
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and how to actually run it,
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because I have no idea at the moment.
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So lemme quickly do that.
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Cool.
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So it's recommended that
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I need to use it on the
M5, and M15 timeframe,
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which is fine.
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And I can use it on the
EURUSD, AUDUSD, and the USD.
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So I'm gonna be using on
four pairs, no four pairs.
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Yeah, four pairs.
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And I'm gonna be actually
using on M5, 'cause on M5,
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you can probably get more trades in,
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and because we are just testing
this robot for 24 hours.
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All right, sorry to interrupt.
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Just wanna say that I
extended from 24 hours
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to 48 hours, because it got
a little bit interesting,
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and you guys will see it why at the end.
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So enjoy this video,
and see you at the end.
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I'm actually gonna do that.
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And one thing I would like to say
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at this moment is that
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in order to test the robot,
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you need to do it for several months.
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So just from this video, don't take it
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as a way of putting real
money in, and start trading.
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I would recommend start using with a,
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start with a demo account,
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put like open account with IC Market.
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You can open demo account.
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Put in several thousand pounds,
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or how many thousand pounds you wanna put,
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and just start trading with
it, and see if it is going,
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if it's doing good for
like several months.
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Then you can put in real money,
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you can put like a hundred
pounds, 200 pounds,
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because it's real money.
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And then just let the robot do its thing.
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(upbeat music)
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So it's been around two hours
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since we evacuated this robot,
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and it's not doing as good as I wanted it.
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It's got one trade open in like one hour.
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Now this is not what I want.
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So what I'm quickly gonna do,
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is go and look for another robot.
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And I'm gonna activate that robot.
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And tomorrow I'll probably
show you guys which robot is,
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and also go through the settings,
and all of these things,
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if you guys wanna get started
with that robot as well.
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But yeah, let me go and
find a better robot.
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(upbeat music)
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All right, so it's been 48 hours now
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since we started this
robot, or little bit less,
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because we started this
robot at one o'clock,
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it's currently 11, nearly 11.
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But I wanna tell you guys,
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in 48 hours, this robot has opened
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over hundred trades.
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Over a hundred trades.
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Yeah.
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I would just say it is absolutely insane.
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'Cause if you do ask professional
traders, or day traders,
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how many trades do you open?
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They will say probably
like three or four trades.
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Now this in 48 hours opened
over a hundred trades.
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The first robot which I chose,
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or which we installed,
wasn't really doing enough.
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It wasn't really opening that many trades.
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And it was only working on one currency,
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because you had to
purchase the premium one
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in order for you to run it
on different currencies.
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So I found this robot
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after I told you guys midway
that I'm changing the robot.
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And with this robot,
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what it does is actually
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it opens trades where it makes
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a profit of around 10 to 20 p per trade,
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which is why there were so many trades.
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But I think the strategy
it uses is really nice.
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It doesn't literally go swoop.
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It does have stop losses and take profits,
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whereas some robots don't have it.
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Like what the robot I personally use
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doesn't have stop loss and take profit,
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which is kind of scary,
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because if your trade is going down,
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and down, and down,
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it will probably blow your account,
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and whereas this one has
take profits and stop losses.
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I'm gonna show you guys
the results as well.
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I'm gonna show you guys the trades,
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which has open as well,
because it's really,
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it was really interesting for me to see.
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So let me just get onto the screen now.
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All right.
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So what you see here are the trades.
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So I'm gonna scroll down.
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So can you see the list from here?
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So it's all the way down there.
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Yeah, let's just say it
opened a lot of trades.
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Now, can you see here?
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It says, let me zoom in.
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It says profit made, 10 pounds.
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Now, you guys, new one
must be wondering, Jatin,
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only 10 pound profit, but
that is mainly due to this,
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can you see how, let me just scroll up,
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look at the profits each
one is making, is super low.
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Like 50 pence is probably
the highest it made.
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Now this being said, you
could change the settings
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of this robot when you
actually start the robot
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on the currency, and make
the lot sizes higher,
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because the lot sizes on
this was literally 0.01.
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Yeah.
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All the lot sizes are 0.01,
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which is in trading, is the lowest lot
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in terms of how much you're leveraging.
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So if you take it to 0.05,
you could probably make money.
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But I was expecting to lose money,
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because this is a free robot.
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And that is why it
absolutely blew my mind up.
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But guys, if you did enjoy this video,
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and if you like more
videos related to robots,
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then I have plenty, not plenty,
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I have two videos, which you
can go check out on my channel.
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It's regarding robots which I use.
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However, if you do want more videos
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on robots, and trading, and
me trading actually as well,
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then let me know in the
comment section below,
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and I will try and get
that out to you guys.
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But I just wanna say thank you so much.
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If you're still watching,
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have an amazing day.
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Take care, and peace.
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