Home Forums Ready-to-use Robots Prop Firm Robots Which are the Best Pairs this Week? Reply To: Which are the Best Pairs this Week?

#226526
Anonymous
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Hi Bence,

The reason the FTMO V6.0 robots don’t take trades as often as we would like is because the robots contain six indicators that all have to lineup to give a buy or sell signal.  So it takes time for all these indicators to align themselves.  The theory behind having so many indicators is that if it takes many indicators to line up and give a trade signal then the higher quality of signal it should be.  Robots with fewer indicators would obviously take less time for the indicators to line up and give a trade signal.  So I would not be disappointed the robots do not take trades as often as we would like, we should be pleased the signals from the FTMO V6.0 robots are providing high quality trades.

I might add that even though these robots provide high quality trades it is still possible for these indicators to close with a loss.  Why is this?  There are two types of indicators, indicators that provide profitable trades when the market is trending, and then there are those indicators that provide profit when the market is ranging.  So there are trending type indicators and there are ranging indicators.  Trending indicators will generally end up losing in ranging markets and ranging indicator will generally end up losing when the market is trending.  Now beware that every trading day will provide trending periods and ranging periods.  This is why we will get profitable trades and losing trades.  Further sometimes ranging markets can last for several days or several months.  This is why it is beneficial to demo trade as it will help us to understand if the markets are trending on a weekly basis so we can determine if the current market environment will allow our robots to generate profits.  So with good quality robots there should be more profitable trades than losing trades which will then provide a profitable account.

Alan,

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