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Wouldn’t it be nice if you could catch these overnight currency moves while you were sleeping? Believe it or not, the 3 continent trading nature of the forex markets is what bothers many traders today, they do win anyway in the long run, but they still miss enormous overnight moves! A typical overnight move in EUR/USD which I trade the most, is on average 100 pips, around 30 of these pips can be captured with automatic market orders, and 80 pips can be captured with a trading forex robot! The remaining 20 pips cannot be captured by anything.
Forex trading is more exciting than ever, and the latest developments in pattern recognition have enabled computer programmers to do unbelievable things! Who would have thought that we would be able to trade automatically the forex markets, and not only that, but there are even more sophisticated day trading forex robots that can trade even when your computer is switched off! I have trouble figuring this one out, but apparently it has to do with some kind of remote, 3rd party computer operated by your broker or the forex robot company.
The level of sophistication is really breath taking, I always worried about those overnight moves, and the missed opportunity. Let’s face it, some trading setups in forex are way too easy to figure out, but the problem is that you have to spend 5 hours being on stand by mode, like a soldier guard at a night shift, certainly not the most exciting job in the world, I always hated being a guard.
Being a guard is mechanical, meaningless activity that is simply against human nature. The forex market is not different, can you really enjoy your life if you have to spend 5 hours every day with the finger on the trigger waiting for the opportunity to show up, often in the last 5 minutes? How annoying! Even when you win big money, it’s still too annoying and boring to wait, it almost offsets the good feeling of winning.
And it’s no surprise, trading was bound to evolve to this point, just like everything else did. Do not think that forex robots are some kind of free money making machines, they still require capital to operate, they will only trade if conditions and entry criteria are right, but when they do trade, they capture that quick, sure fire 20 pip movement a night!
Even with a $1 per pip, that’s still $20 of giveaway money, very easy to win, why leave it on the table?
By ultra conservative estimates a forex robot can pick up $320 in the first month, and it can actually triple a small $1,000 account over one year, that is by the lowest, worst case scenario estimates. Forex robots either win or WIN, they never lose. We say day trading robots, but they are actually night trading and automated trading robots, when we have night, another part of the world is beginning its forex trading day, or we just want to have automation in place for the reasons mentioned. Either way, it’s the only way!