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How To Get Started With Forex Automated Trading Bots PART 2
Rating: 4.1 out of 5(18 ratings)
2,223 students

How To Get Started With Forex Automated Trading Bots PART 2

Learn how to get setup, step by step, with automated forex trading robots and make profits
Created byJames Rogers
Last updated 2/2022
English

What you'll learn

  • How to setup ETB trading bots
  • Step by step instructions
  • No experience necessary
  • How to optimize your bot

Course content

4 sections • 21 lectures • 1h 53m total length

  • Places To Buy Crypto2:28
  • Create ETB Accounts - Part 14:51
  • Create ETB Accounts - Part 211:51
  • Create ETB Accounts - Part 34:03
  • Subscription Info & Renewals2:49
  • Lot Multiplier11:28

    Explore how the lot multiplier in the trade copier risk settings adjusts starting lot sizes, with examples of 1, 2, 0.5, and 1.3, while noting rounding and minimum lot constraints.

  • Risk By Balance8:50

    Explore how risk by balance and risk multiplier by balance determine proportional lot sizes in a trade copier, with step by step math and practical examples.

  • Fund Your Trading Account5:35

    Fund your trading account by depositing Litecoin to the generated address within 30 minutes. Send the same crypto from your exchange and monitor the bot balance.

  • Create DEMO Account - For Testing3:59

    Create a MetaTrader 5 demo account, copy trading ID, password, and server, and adjust the balance from 1000 to 500 or 4500 with 500x leverage in trading account details.

  • Create LIVE Account - For Funding Your Bot1:45

Requirements

  • No trading experience necessary
  • Willingness to spend the time to learn and understand the fundamentals
  • A computer and/or phone

Description

No experience is necessary. The course is 2 parts; this is part 2 and will teach you the fundamentals on how to use Easy Trading Bots (ETB) successfully. You do not have to become a Forex trading expert or bot programmer. You simply need to understand from a 30,000 foot view what Forex is, how bots work, your risks and how to create a plan and strategy to manage your bot risks as the markets change.

While our bot signals have proven to be highly successful past performance is no indication of future performance. Bots do take losses from time to time. Some people can and do lose some or all of their money. We have lost money but our risk management strategies allow us to easily absorb losses to fight another day. Most Forex traders fail and we feel that is because of a few reasons.

1. They let emotion get the best of them

2. They have no risk management strategy

3. They get greedy

This course will teach you the risks of using ETB bots and give you an understanding of the strategies used by successful ETB bot users. Bots are NOT set it and forget. A bot can do most of the heavy lifting but the user needs to understand the fundamentals and have a risk management strategy in place in order to be successful. If you think that putting in some money and walking away is going to make you money or make you rich, you are wrong. While you can make a lot of money with ETB bots you do need to be awake and pay attention to the markets and the bots draw downs.

There are free EAs, scripts and tools provided in this course that allow you to check on your bot when you want or when you need to in order to take control as needed to protect your account. The course will outline all of these things so by the end you have a solid understanding on whether ETB bots are for you or not.

Who this course is for:

  • Beginners interested in getting started with Forex trading bots

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