Alan Solarsh shows an alternate setup for The Forex Ninja bot using a calculator to swap currency pairs while keeping total lot size and EJ fixed. He runs his own bots at 66% below engineer settings and reports daily returns of 5.91%, 4.35%, and 3.71%, stressing volatile pairs over sideways-trending ones.
Questions this video answers
December 11, 2018.
0.005 BTC.
5.91%, 4.35%, and 3.71%.
Approximately 66% less.
0.15 and 0.5 (examples cited: "if it is 0.15, just stick to 0.15. It says 0.5, stick to 0.5").
Alan Solosh, the passive income guru in this video tutorial explains to you another way to set up your bot.
Right, so this is the, the calculator that the engineers have given us that we should be following. So this is your equity over here. This is the amount of capital that you have invested in your forex account. And these are the currencies that the engineers have recommended that you trade. Now what you can do and what I recommend you do is that you mix it up a little bit. But you need to follow my strategy here. The focus here is to keep the lot size. So the lot size must always equals to the total lot size you must keep EJ, okay? EJ is a very stable currency. The movement ranges about 150 to 200 pips a day. And that is why we make nice profit on that currency. What you can do is that you can change up these currencies over here, okay? For these currencies over here, okay? So what you can do is that you can change, let's say, for example, you can, you can exchange GJ for ga, okay? Or for GBP chf, that's the Swiss franc to the pound, okay? So where it says here that this is the lot size that you use, that is the lot size that you use, okay? Don't change the lot size because if you change your lot size, you will, if you increase your lot size, you, you will be over leveraged. So what I encourage you to do is maybe under leverage, okay? See how the currency performs for you. Some days what will happen is with a currency is that it will trend for a number of days. It could trend for maybe a week or two. So your percentage return, your percentage ROI for the day or for the week may not be as good as if you used the engineer settings. But when that currency corrects, you will make a massive, massive profit. As you've seen from my testimonial that I did today. Let's show it to you. Right, so these were my bots that. This is during the Brexit, okay? My bots were set up very, very conservatively, 66% less than what the engineers had suggested because of Brexit. Okay, Just a side note. So I made, on the one bot I made 5.91%. On the second bot I made 4.35%. And on the third bot I made 3.71%. And you'll notice that I'm trading GBP AUD on some of my accounts. Some of them I'm not. And my return on investment was A hell of a lot more than everybody else's for the day. When everybody else was getting 0.27, let's see what others were getting.
0.63. Brian was a good one. He got 0.3. He was also below engineer settings. 0.63, 0.56. So mine did 10 times more than everybody else's because I changed up my currency slightly. So again, what I'm saying to you is, is that you can change up these currencies, keep ej, okay? And then you can mix up these, okay? So I recommend that you can choose any one of these. But when you choose a currency, you must check that the currency is not trending in a sideways motion, okay? Because if it trends in a sideways motion, you won't be making profits. Let me show you what that looks like. So this is GBP chf. So which is this one over here. As you can see, there's good movement. This is the volume of the amount, the pip range, okay? The amount of currency that's traded in a day. The volatility of the currency, really. So this is GBP chf. So let's have a look at it. And this is in the last like couple of. This is on a four hour chart. So you can see this is a more very sideways movement and then there is a massive drop. But that is because of Brexit. But as you can see here, let's go back in time a little bit. You can see that it trends nicely and then possibly trended sideways because of Brexit, because they were waiting for the announcement. Okay? But you need to check if the currency is trending sideways. And then don't choose a currency that is trending sideways. Rather choose another currency where you've got big ups, okay. And big downs, okay? That's what you want because you make money when, when there's lots of volatility here. So as you can see, it would have trended up for a couple of days. There was no reversal here, okay? You need a 20, a 30 pip reversal, okay? For your current, for your, for your lots to actually close out, okay? So make sure that you are choosing the correct currency. But mix it up a little bit. That's what's recommended by the engineers. And again, stick to the lot sizes. It is very, very important that you stick to these lot size, lot size, okay? Don't change these numbers here up, rather change them down, check it out and then you can, you can increase it after a couple of days that you see that the currency that you are making Nice profit. And trades are opening and you're going to, you're in a position, you've set yourself up to make nice profits. If you've added a currency and after like a day or two, only one or two trades have opened, you know that there's very little movement with that currency and you possibly have chosen the wrong currency. So what you do is you just watch my video on how to close out, close out a chart and close trades and you can add a new, you can add a new currency to the mix, right? The next thing that you need to take care of when you're setting up your bot and if you are mixing up your currencies is that if your calculator says that you need to trade three currencies, please only trade three currencies, don't increase it to four currencies. In other words, don't split this figure into 0.75, 0.07, okay? And add another currency at 0.7 because you will be over leveraged, okay? Because if both those currencies trade together like EJ and GJ do, okay, if you look at the graphs of EJ and gj, if, look you, you'll notice that those graphs are identical because they're both yen pairs and they basically follow each other. So they move together, okay? So please don't add extra currencies. Rather stick to the amount of currencies, the amount of pairs according to the engineer settings, and that way you will not be over leveraged. And again, I can't stress it enough, please stick to the total lot size per currency. So if it is 0.15, just stick to 0.15. It says 0.5, stick to 0.5 and you can mix it around. So I mean, you could change it. You could say EG put over there and GJ put over there. In other words, then EG will be 0.3 and GJ will be instead of 0.3, it'll be 0.15, basically. So you can swap those figures around, but don't increase the lot sizes. So good luck with that. I know that you're going to be making massive profits and I look forward to seeing your testimonials before you go. If you'd like to earn a little bit of bitcoin, I give away 0.005 of a Bitcoin every single Friday to a random subscriber. If you'd like to earn that, there's a couple of things that you need to do. You need to subscribe to my YouTube channel. And how you do that is you just mouse over the video that you're watching. And in the bottom right hand corner of the video is a YouTube icon. Click that icon now, so please pause the video, go and do that step. Now, once done, you can come back to this video and resume the video. 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