Before 2021 all Expert4x trading Robots were mainly swing trading (periods of weeks or months) Robots. Expert4x recently had 2 trading competitions where the winners used our swing trading Robots to create day trading strategies with much faster settings and one directional approaches. This showed a great new way of trading Robots.
So we created 2 Day trading versions of our best Swing trading Robots. The Make Money Day Trader and the Trend Trader was born. Both were beta tested for a few months in our paid forum with very valuable input being received and improvement suggestions. The Make Money Day Trader uses 2 Moving Averages to enter trades and a ADX to identify the trends.
This resulted in the new Make Money Day Trader Robot to be able to be used in 3 ways.
It can be used for short term (up to a month) swing trading
It can be used as a Day Trader trading specific strategies less than 24 hours. All trades can be closed at specific times during the day.
Experienced traders can create Make Money day trading strategies that can effectively be used to pass the Proprietary Trading (FTMO) qualification tests to become a professional trader (details below).
I just started using Make Money Day Trader, and I am getting awesome results!!! This is the best EA I have ever seen!!! I just wanted to let you know that! Great job!!!
K.S., Expert4x Client - 17 September 2021
See the Make Money Day Trader in Action
See the Tend Trader in Action
The video on the left shows the clear benefits of of the Trend Trader in terms of risk exposure and income creation. It gives the trader the ability to:-
Set daily income and loss targets
Close all deals at a specified time or when targets are reached every day
Easily find the trend according to the trader's needs
Limit open deals thereby reducing exposure to margin requirements
Set trading zones if required
Trade efficiently in an understandable way
Example of day trading options
(The chart to the right shows trading during a particular day)
You can set price levels between which trading can take place
You can set the time of day during which trading should take place
You can set the evenly spaced distance between trading price levels
Transactions can have unique targets and stops
You can decide when you want all the trades for the day closed
In this example trades are opened a trading price levels using the angle of the Moving Average
Set and forget traders use set files to trade the same settings over several weeks. Initially these set files come for the settings provided on the Expert4x free and paid data settings data bases. These are not plug-n-play settings you can blindly start trading.
These set files need calibration to trader’s own broker accounts using a process called the “I wonder” approach. Once aligned and reasonable back testing results have been achieved, experienced traders test 6 to 8 variations of the results on demo accounts for 3 to 4 weeks to make sure satisfactory results have been experienced. At that point only the best settings are selected for live trading.
More experienced traders create their own settings using a combination of optimisation, back testing, watching trading happen on charts and experimentation to create set and forget strategies. Because of their skills, they can start trading live sooner
Day traders often use the trading robots as tools to automate the trading that they would do manually or trading that happens so fast that it is impractical to do manually or to manage trading when they are away (sleeping).
So, they would use their own trading experience and strategies to identify trading opportunities amongst several currencies and timeframes. They would then activate a special set of settings for those trading circumstances and let the robot do the rest of the work of managing the transaction and exited as instructed.
Many of our recent Competition winners used this approach
Proprietary traders trade other people’s money. Anybody can do this. They would use the Robot to either use a swing trading or day trading approach to generate consistent income. They can trade up to $400 000 and keep up to 70% of the gains generated. All that is required is to go through 3 qualifying phases.
The returns required by this approach are not very high (5% to 10%) but traders have to have drawdown management and position sizing skills to succeed. The Trend Trader Robot provides the tool to meet proprietary trading requirements. There is currently an Expert4x proprietary trading competition where winners have generated success using approaches used by the Trend Trader. See this link for qualifiers who have meet the 5% requirement: -
As shown by the highlighted headings in the picture on the right and below the settings have been arranged in a logic order of trading decision making.
There is a detailed user manual providing detailed information about each setting and the drop down menus
Back test and forward test any settings you propose to use until your experience profitable results
Back test and forward test any settings you propose to use until your experience profitable results
Use you positions sizing in conjunction with the above equity stops and target to create an optimum balance between these settings e.g. It you position sizing is too large you might be stopped out too often
Experiment with different values of transaction stops and targets. Keep them realistic to day trading values – if neither are being reached in days, they are likely to be too big.
The price Level Gap size setting is critical and should be related to the currency’s volatility. Experiment with values between 6 and 20.
There are times of the day that are well suited to “reversal’ strategies and other time are best suited to “with the trend”. Generally, the low volatility times are good for reversals and the high volatility for trends. You need to experiment with this concept
Make sure the Daily trading mode is activated when using the Day trading settings
If you want to day trade with the same settings make sure "re-entry" is selected after close trade options (Target, Stop and time of day settings.)
Some traders have found the MA shift setting very effect for catching good trends
If you want to trade 2 sessions of the day e.g. use EAs on different charts
Some traders have reported good results trading both the reversal and trending strategies at the same time. They seem to create a hedge
See the Tend Trader in Action
Please view this video to see:
the 7 Conditions required for Entries;
the 7 Conditions required for Exits
the 5 Ways the direction of trade is determined.
Monthly Optimized Settings
Please note these optimized setting were created using 0.1 lot-sizing on a $10 000 account for the month of August 2021 . Optimized settings only represent the settings that worked best for the month of August and are unlikely to produce the same results into the future. They should be used a guide settings until proven to be profitable in further testing. There are a number of sources of optimized settings available.
Our free optimized settings that are based on 100:1 leverage - these settings can be found at this link:- FREE SETTINGS
There are also advanced settings which focus on a wider range of trading instruments and lower leverage and smooth equity optimization approaches. These are available to paid premium subscribers at this link:- PREMIUM MEMBER SETTINGS
GET THE BEST FROM THE EA
Tips on getting the best out of The Trend Trader Trading Robot
Do not trade on a live account until you have experienced positive results on a demo account over a 2 to 4-week period (Don’t be in a hurry).
Use position sizing of 0.03 for every currency for every $1 000 in your demo account.
Test as many currencies and timeframes as your computer resources allow.
Know the function of each setting as described in the user manual.
Study this marketing page and watch all the videos provided.
Learn how to download testing set files (Video on this page).
Learn how to calibrate and optimize the EA for your broker account (Video on this page)
Make sure you know the basics of Forex trading by doing the free courses on this page
Do not trade on a live account until you have experienced positive results on a demo account over a 2 to 4-week period (Don’t be in a hurry - duplication on purpose).
NEW TO FOREX ROBOT TRADING ?
If you are new to Forex trading and Forex Robot trading then please make use of these FREE resources.
A 6 module downloadable PDF course covering how to find ENTRIES, TURNING POINTS, EXITS, TIMES TO TRADE, MANAGE MONEY and WHERE TO PLACE STOPS : Simple-N-Easy Forex Series
These will give you the very best start to trading the Forex market bu understanding the manual processes. For specific information about trading Forex robots please watch the videos below.
TIP: Click on the YouTube logo when watching the video to expand the video to a bigger size.
USE ONLY $100 TO TRADE THE TREND TRADER
The Guide when using this Robot is "Use 0.03 per $1000 in your account for every time you use the Robot when using Fixed Position sizing. So, for example, if you are using a $5000 account you can use the Robot on 5 currencies using 0.03 for each currency" Many traders do not have $1000 to $5000 available to start trading.
1c accounts makes it possible to stick to the above guidance using only $10 to $50. Watch the video to see how
View this video to see how
effectively turns into
*** $10 000
for trading Forex Robots when using these very special 1c account
Proprietary traders trade other people’s money. Anybody can do this. They could use the Trend Trader to either use a swing trading or day trading approach to generate consistent income. Successful proprietary traders can trade up to $400 000 and keep up to 70% of the gains generated. All that is required is to go through 3 qualifying phases. The returns required by this approach are not very high (5% to 10%) but traders have to have drawdown management and position sizing skills to succeed. Please watch the video on the right >>
The Trend Trader Robot provides the tool that can be used to meet proprietary trading requirements. There is currently an Expert4x proprietary trading competition where winners have generated success using approaches similar to those used by the Trend Trader.
Each purchase allows you to download the MT4 and MT5 versions
The Trend Trader is licensed and can be used as often as you like (on as many platforms and broker accounts) as long as you do not use it on more than 2 computers AT THE SAME TIME.
Upgrades are free
Note to US Traders using US Brokers: Our Robots do not work on US Broker accounts due to hedging and FIFO restrictions. Most US robot traders use off shore broker accounts.
Please note that the Trend Trader is not part of any Bundle at this stage.
THIS ROBOT IS MORE OF A DAY TRADING TOOL TO BE USED TO TRADE THE CURRENT MARKET CONDITIONS. ALTHOUGH IT MAY WORK FOR LONGER TERM SET AND FORGET STRATEGIES IT IS NOT RECOMMENDED FOR THAT. A KNOWLEDGE OF TRADING AND STRATEGY TEST AND DEVELOPMENT IS AN ADVANTAGE.
IMPORTANT: Before you purchase, please read our "Sales Agreement" and "Risk Disclaimer" at the bottom of the page. By Clicking on any of the PayPal Buttons, you are agreeing to the "Sales Agreement".
Do only the Premium members of the Club receive a Special Price offer?
Yes – that is one of the privileges of being a premium member. It is still a good idea to join as membership is $39.95 and the price now is $144 only
The licence is for 2 computers. How do I move the EAs for an existing computer to another one later on?
To move the EA to a 3rd computer simply delete the EAs from a current computer and install it on a new computer. Additional 2 licences are available for $80 from EAFactory
SALES AGREEMENT: There is NO PROMISE OF FUTURE PROFITABILITY. The potential profitability as disclosed in our marketing material is based on historical back traded results and cannot be relied on or trusted to ensure future profitability in the uncertain, volatile financial markets. Don’t rely on those presentations for your purchase. Profitability is not part of the description of the Robot – Past historical performances are merely guides to the potential of the Robot. Although the products are supported with a historic optimised setting service, user manuals, technical and trading email support, and a free and paid forum it is the PURCHASER’S RESPONSIBILITY as a robot trader to use that support efficiently and to trade the Robot profitably. Expert4x has no responsibility to train you on how to trade Robots in general and how to use risk control to safeguard your trading account. By purchasing you are confirming that you have those skills Our robots require BASIC ROBOT TRADING SKILLS such as the ability to create settings, align the robot and forward testing it on your own broker account and manage trading risk. Trading occurs in the volatile unpredictable financial market. You as purchaser further agree to use our technical support as the first source of assistance for guidance if you are not experiencing positive results when testing, or forward trading this robot. Expert4x has a NO REFUND POLICY and a NO COOLING OFF PERIOD as our products contain intellectual property which can easily be copied. Technically the robots are well tested and perform as described in our marketing material and have no promise of future profitability. There is very little chance that the Robot that you purchase will be significantly different to the description on the marketing page. Contact us first if you suspect this to be the case. We do offer the option of swopping your purchased Robot for another one if you so wish. ALL INFORMATION: After reviewing our marketing pages and videos please raise any questions for information and clarity BEFORE your purchase Please do not use the PayPal buttons provided if you are uncomfortable with any of the above conditions. RISK DISCLAIMER:- The information on online Forex trading presented on this website should not be regarded as Forex or currency trading advice. Any trading, including currency trading is highly speculative and a risky way of making money and should not be done with the information on this website only. The Forex market information provided herein does not constitute financial product advice and does not take into account your individual investment objectives, financial situation or particular needs. Traders should consult a licensed investment adviser to obtain individual financial advice based on their own circumstances before making any foreign currency investment decision. Expert4x gives no warranty or representation as to the accuracy, reliability or completeness of the information on any of its websites and accepts no responsibility for any errors or misstatements, negligent or otherwise. Before making an investment or trading decision, you, the trader, should decide with or without Professional Advice whether trading meets your investment objective and suits you psychologically, emotionally and financially. Expert4x makes no guarantee about how you will perform using these methods or products. In all cases we merely provide an analysis of past results that are not guaranteed to repeat into the future. Forex traders making use of the online currency trading information presented, do so entirely at their own risk. This site is not intended to be used as the only source of currency trading information, Forex education or work from home opportunity. Expert4x has no obligation to develop your general trading skills in order to make use of the Forex robots and indicators purchased. Demo trading accounts, where there is no investment of money required, should be used to test Forex Strategies. Traders need to use trading common sense, sound money and risk management and take full personal ownership of any trading decisions. The Forex market is inconsistent and can produce unexpected results which can result in a loss of all of your capital or more. By visiting this site, you accept responsibility for your own trading outcomes and agree to research and test any trading method and tool before making any trading decisions or committing to risk capital. You also indemnify, Expert4x and any associated parties from any losses or consequential damage you may incur from using these products or from any one acting or refraining to act in reliance on this information. By visiting this site, you accept responsibility for your own trading outcomes and agree to research and test any trading method and any trading tool before making any trading decisions or committing to risk capital. IT IS YOUR DECISION TO TRADE.
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