How To Deal With Badly Behaved Forex Robots

Every once in a while I get an email or a frantic call from a trader that is just fed up with their Forex trading robot. This is normal and it can be very frustrating to deal with, but there are a few simple steps that you can follow to avoid having to deal with this kind of stress when trading with Forex robots. Now, don't get me wrong, I'm not saying that all EAs are perfect because as we all know, they do have their flaws. But, you will find that in nearly all cases,...

Read More...

How To Use MetaTrader 4 Profiles

MT4 comes with many great features that allows traders to trade multiple rading strategies on the same platform. One of these features is the Profiles feature which allows a trader to easily switch between different trading strategies. Profiles can be handy as they can be used to save your settings so that the next time you open the platform you can continue trading with your saved layout. What is a MetaTrader 4 Profile? An MT4 profile is a saved group of charts and...

Read More...

What Is Drawdown And Why You Should Care

Make no mistake, drawdown is a factor that can make or break any trader. When trading with robots it is a vital component of the overall success that your robot will bring you. But what is it all about and why should you care...? Drawdown, in it's simplest form, is the amount of money that you lose in a trade (or a series of trades). All traders are afraid of drawdowns, but it is an inevitable and unavoidable part of trading. Drawdown is not a measure of your...

Read More...

This Piece Of Junk Forex System Does NOT Work!

Boy oh boy, if I had a Dollar each time I heard one of my trading buddies say these words. Sure, it can be a bit funny but it's never any fun for the person that's actually saying it. So what do you do in this scenario? Well, the first thing to do is calm down. You're doing yourself (and others around you) no favors by getting upset. It can be very frustrating to see your beloved trading system taking a knock but hey, that's life. Shouting, ranting and/or raving does...

Read More...

My Robot Only Makes Small Gains, What’s Wrong With It?

This may surprise you but we usually get an email along these lines every week or so. Now, there could be a number of different reasons why you might be experiencing this type of error so while we may not be able to cover each and every possible scenario, let's take a look at the most common causes and possible solutions to this problem. Size Of The Account The first reason why you might have this problem of small gains may be linked to the size of your account. Most...

Read More...

Is There A Formula For Finding A Profitable Trading System?

One of the most common questions new and old traders ask is, "How do I find a profitable Forex trading system?" The simple fact of the matter is that there is no way to determine whether a Forex trading system will be profitable or not by simply looking at it, or the information presented on a website sales page or even a statement of results. But, there is a simple formula that you can use to find out whether a trading system can deliver profit or pain. As you may...

Read More...

How To Run MetaTrader 4 On A Mac

I've been asked many times about the possibility to run the MetaTrader 4 trading platform on a Mac. While it's not impossible the solutions that are available do come with a number of pros and cons. Let's take a look at some of the available options... Option #1 You have the option of using virtual machine software (like VirtualBox, VMWare Fusion, BootCamp or Parallels) and/or making a windows partition in which case you would need to start the Mac in native Windows...

Read More...

I Can’t Access My VPS! I Just Get A White Screen

I recently spoke to a trading friend of mine that was up in arms about an error that prevented him from accessing the Virtual Private Server (VPS) that he uses for trading. Whenever my friend tried to access the VPS to manage or perform any routine tasks all he got was white screen and a message asking him to install a missing plugin. That sounds all well and good but what happens when you follow the prompts and the error persists? After doing some research I...

Read More...