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Forex Robotron auto trading faq

General Forex Questions

What is Forex?

The Foreign Exchange market, also referred to as the "FOREX" is the largest financial market in the world, with a volume of over $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. With a Forex broker and Forex trading account, anyone can trade the Forex market.

What Tools Do I Need to Start Trading with Forex Robotron?

An STP/ECN Forex broker trading account, MetaTrader 4 trading platform, a computer with an internet connection or virtual private server for remote trading. You also need a trading platform such as MetaTrader 4.

What trading software do I need to run Forex Robotron and where do I get it from?

Forex Robotron is designed to run on the Forex trading platform MetaTrader 4 from builds 700+, which is offered by many of the leading Forex brokers. MetaTrader 4 can be downloaded for free from most forex brokers websites, usually via a "download trading platform" link. If you are using an outdated version of MetaTrader then you can easily update via an MetaTrader download link on your forex brokers website.

What is a Forex robot?

A Forex robot (also called expert advisor) is an automated robotic script written in MQL4 language that can work in the MetaTrader 4 platform. MetaQuotes Language 4 (MQL4) is a language for programming of trading strategies. This language allows you to create your own Expert Advisors. (there are also robots for other trading platforms).

Can Forex Robotron work when I am away or go out?

Yes, it can work 24 hours/day for you but only enters new trades between 21-22 GMT during summer and 22-23 during winter.

Getting Started With Forex Robotron

Do I have to trade manually? Is it difficult to setup Forex Robotron?

You will get step-by-step instructions how to setup and run Robotron and it is fully automated.

Will it work on my broker?

Yes, provided your forex broker offers the MetaTrader 4 trading platform. Forex Robotron is compatible with US brokers, Non-US brokers and Islamic friendly brokers. It will automatically adjust to work on 4 and 5 digit brokers.

How much money do I need to start trading with Forex Robotron?

Depending on your broker terms, you can start trading with around $50 on some brokers. It is recommended that you start with capital that you can afford to lose as trading is risky or practice on a demo account untill you are satisfied with the performance.

What is the minimum leverage required?

There is no minimum leverage requirement. You should set lot sizes so that you do not over leverage your account. For example, if your leverage is 100:1 and account balance is $10,000 then your maximum exposure is $10,000 x 100 = $100,000. Please make sure you have an understanding of leverage and margin before using any forex system. It is not a good idea to over leverage an account.

Is it hard to use Forex Robotron?

We provide detailed instructions and 24/7 support.

Can I adjust parameters of the Forex Robotron advisor?

You can change stop loss, take profit and other parameters & filters depending specifically on your needs. All of them are described in the instructions. You are responsible for the settings that you choose.

What timeframe(s) and currency pair(s) should I choose?

Forex Robotron trades the EURAUD, EURCAD, EURCHF, EURGBP, EURUSD, GBPAUD, USDCAD, USDCHF currency pairs on the 5 minute chart.

Specific Forex Robotron Questions

What is Forex Robotron?

Forex Robotron is a fully automated robot software which trades the foreign exchange currency market (Forex) on autopilot. Robots such as Forex Robotron are called "Expert Advisors" or EA's, and are attached to the currency charts in the MetaTrader 4 trading platform software which is provided to Forex traders by Forex brokers. Thousands upon thousands of hours' worth of work has gone into trying to make it the best Forex robot commercially available.

What is the percentage of winning trades?

According to our TICK DATA, REAL SPREADS, REAL SLIPPAGE & INCLUDING COMMISSION ($9 per round turn) results from 2003-2019, Forex Robotron has a high win rate of 70% to 80%. NOTE: Results are based on historical data. There is no guarantee of future performance. You should understand the risks involved with trading. Different brokers can produce different results due to spreads and liquidity. Your capital is at risk. Beginner traders should research and learn about trading before using any forex software.

I do not like the "no stop loss idea" in other Forex robots. How about that in Forex Robotron?

Forex Robotron uses a fixed stop loss.

Does my broker require any minimum stop levels?

Some brokers require you to place the stop loss and/or trailing stop a minimum distance from the current price.

Can I use Forex Robotron on more than one account?

Yes, you can use it on more than one trading account depending on the package that you purchase.

How much money can I make with this forex robot?

There are no guarantees in trading, you should understand the risks involved with trading any forex system and not use any if you are unsure. The market changes all of the time and nobody can 100% predict in which way it will go. There is no guarantee of future performance. Different brokers can produce different results due to spreads and liquidity. Your capital is at risk. Beginner traders should research and learn about trading before using any forex software.

How do I get a copy of Forex Robotron?

You can download Forex Robotron from the Robotron home page.

What is a Virtual Private Server (VPS)?

A VPS is a special service that can host your trading on a remote server so you no longer need to keep your PC on 24/5. There are Forex VPS providers who specialise in Forex and can provide this service for you to use to run Forex Robotron without needing your computer on all of the time. This is not a requirement but can be useful to some when it is not realistic to leave your computer running. If you decide to purchase a Forex VPS we can help you setup Forex Robotron to run on it.

Guarantee and Support

What if I am not happy with Forex Robotron?

From the moment you purchase Forex Robotron, your purchase is protected by our 4-Week (30 days) Money-Back Guarantee - that's a full 30 days trial. If for some reason you decide that Forex Robotron did not perform as expected or just isn't really for you, then simply contact us for a full refund - no questions asked.

Do you provide support?

We provide rapid dedicated email support to all of our users. We aim to reply within 24 hours, excluding weekends. Support can be anything from setting up Forex Robotron for you for the first time, giving you additional licenses for other trading accounts (free of charge!), explaining settings and much more. Feel free to contact Forex Robotron if you have any questions or if you need support.

Does Forex Robotron get regular updates?

Forex Robotron took years of programming and historical data testing. If we or any of our users identify room for improvements then we will update Forex Robotron and ensure all users have the most up to date version.

I have another question...

We would love to hear from you! Please use the contact link below and we will try our best to get back to you within 24 hours, excluding weekends.

 

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