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