Nick Koupman Testimonial Video | www.forexrobots.co.za

So is yours. Although it's not set and forget. I mean, you don't really fiddle with your settings.

No, no.

Okay, so. So I understand what you're saying. So it's more observing. So it's passive observation.

Yeah. Alan, how are you finding you?

All right then. There's a big echo on my side.

Okay.

All right.

Anything I can do about that?

No, nothing at the moment. That's cool.

Cool.

Okay, let me just share my screen. So thanks for sharing your FX Blue with me. I do appreciate it. So can we just confirm that this is your account?

Yeah.

Okay, cool. So you've been with me a long time.

Yeah, it's been a long, long journey, Alan. Yes, and downs. Mainly problems because of my own stupid stupidity.

How long you been with me?

A couple of years now. Already? Yeah, it was October. Maybe just over two years, something like that.

Yeah.

Yeah, I, I got on board in the early days. I'm all earlyish days. I remember the, the bot was pretty much in its infancy in those days.

Well, it evolves all the time. All the time.

Yeah, no, I know. The, the bots evolved tremendously. I mean, I started, I think it was back in October and I went in with my thousand dollars like you kind of recommend and everything was going swim lovely beautifully. And then I got hedged.

Okay.

About six weeks in.

Good thing or bad thing?

I think as it turns out now it's, it's a good thing. At the time it wasn't a good thing. I didn't know anything about hedging. Obviously rushed into it.

Very few people understand the hedging concept. It's a very difficult concept to get your head around.

Yeah, yeah. I got hedged then and.

I kind of, I took the hedge out and I increased my hedge. I took out the safe, the equity savior equity and I got, I went to the drawdown of a 75, 80% something absolutely mad. Somehow I managed to dig my way out.

So that was, that was user error, right?

Yeah, yeah, no, nothing to do with the bot. I pretty much took myself off the bot and at the time I really didn't have the funds to, to pay for the bot. So I thought, let me, let me go, go alone. And the struggles, you know. What I decided to do was to go into foreign currency pairs. And what I thought I'd do is I just nibble away at each one because nothing's ever going to go to zero. You know, the currency pairs are going to go up and down and, and the way I thought of it was if, you know I'll, I'll put in a little buy or a sell, depending on what I saw, how I saw the trend. And then I would put in a small lot and if it went the right way, I'd make myself a couple of dollars, thank you very much. If you went the other way, I'd wait for it to bounce back. And that worked well. For a little while. I was making decent dollars. And then the Japanese yen crashed and I had a lot of cells and, and I didn't have any stop loss or anything like that on there. And the, the, the amount that was being, the drawdown was getting bigger and bigger and bigger to the point where it was almost sucking all the money out of my account. And I couldn't wait. I didn't have enough money left for, to wait for the reversal. So I got myself, myself into all sorts of troubles. Pickles and, and, and, and that. And I thought, no, no, enough, enough. Let me go back to Alan and restart the bot. I saw all the changes. I've been monitoring. I'm quite active on the groups, so I wanted to, to go back. I, I knew it was always the way to do it. I just figured I was cleverer. I don't know, maybe. So I recently got back into the, into the bots, and I'm.

Still learning about the new settings because it's changed, it's evolved so much since the, the early days.

So things have been good since I started. I got hedged on one of my charts, but I'm, I'm comfortable with hedging now. Okay. So I'm using this, I'm using the stripper, the trade stripper to, to remove that hedge, and it's doing its job.

Okay.

Things are good, as you can probably see from my account anyway.

Yeah, let's see. Okay, so let's analyze your account there. You've got 2, 529 in your account. You've got just under 10 drawdown. So that's profit. This is profit. You've got zero drawdown in actual fact. So the drawdown is only profit. You haven't tapped into your capital, which is great.

Yeah.

And you've made a 20 return on investment, and your monthly return is averaging about 27.8%.

That's right.

Happy days. And you've been trading with a new robot now with your new account for 38 days.

Yeah. Happy, very happy.

What would you tell to people?

Sorry, Gold's climbing again, which is great, you know, because that's reducing my. I mean, I'm dipping into My profits at the moment or the, you know, what I'm using?

It's part of trading.

That's right, part of the trading experience.

Exactly. What would you tell people that are on the fence.

Now?

You must get, you must get involved. But you know, the, the, the, the important things are one, you've got to have a little, you're going to get hedged in your account. Don't be greedy. That's one of the things I found was just too greedy. Your settings are too high. Think, well, it's easy money, easy money. And before you know it, you get this, you get hedged. You don't know how to get out of it. You panic. There's all sorts of things going on in your brain. You, the psychology of the whole thing is so important. If you haven't, if you haven't got the right mindset, then you're not, you're not going to make it at the end of the day because once you get into the hedge and I see on the groups, people get hedged and they're asking questions and what do you do and how do you get out of it? And, and that's purely because you haven't done the homework.

So yeah, get involved. That, that would be my advice.

The biggest problem with everybody is psychology and wallet management and trading rules.

Yeah, I mean I'm still guilty today. You know, I see the news and the gold, I think gold's going to go down a bit here and I'll, I'll do a little manual trade here and there and the next thing it goes in the other direction and I think, what, you know, what have I done? So I don't actually do any manual trading anymore at all. It's all, it's all bot trading. I don't want to fiddle with it. I've got time to monitor it, which is, which is extra handy. You don't need to monitor it. But as you say, you know, it's not a set and forget you've got to go, got to get involved and check and monitor and see and make sure everything's on, on track. And you, you, you compare it to like owning a property. You could, you can't just sit and forget a property. You need to maintain it. You need to make sure your tenants in and so on. So I'm, I'm fortunate in that like at this point I can go in regularly. But it does, it does rip your brain apart because you're watching it and you're watching the thing go up one click and you think, oh, yeah, this is great. And then, and then suddenly it drops a couple of, you know, tips and, and it's point to sweat again because there's nothing you can redo about it. But. Yeah, to sit in front of the screen all day long is, is ludicrous. Yeah.

Unless you love it.

I do enjoy it. But.

You know, I wake up in the morning, the first thing I do is go to the charts, see what the, what the Japs and the Oscars have done to it.

You know, so is yours, although it's not set and forget. I mean you don't really fiddle with your settings.

No, no.

Okay, so. So I understand what you're saying. So it's more observing. So it's passive observation.

Yeah. Sometimes something happens and, and you might need to tweak something somewhere, change a little thing because it's still evolving. I mean.

Exactly.

Talked about a fifth chart now, which I put in.

Hello. I'm not quite sure it's working right yet, but I'll have another look at that later today.

Because I've only got the one trade that's, that's triggered for the daily and hasn't triggered again.

No, it won't. It'll only open one trade a day. But the, the point is, is to, it'll only open a dollar cost averaging trade below the trade that it currently placed. So if you've placed the trade now at $3,011, the price is now 3,044 and it's you, you can't place the robot can't place another trade. It's not going to dollar cost average. So the point is, is that if the price goes below the $3,011. Okay, so then a new trade will open, but only.

Only open one trade per day. So the point is to dollar cost average at the lowest possible places in the chart. Okay. So that when the price goes up, those trades are now in profit because we know that gold is a, is a value of storage. So we want to try and eliminate drawdown. And the only way we can eliminate drawdown now is to place nice trades very low down in the chart on those order blocks and, and then you'll be in a good position. On that note, are you enjoying my banter on the, the discord on the Allen chart? Analysis, cut data and.

What else, where else am I posting? Yeah, so news events and now it's new, the new group trading psychology. Are you enjoying those? Is it teaching you? Are you learning?

Yeah, no, look, I'm, I'm, I'm pretty active on the groups you know.

Yeah, I appreciate that.

I've got, I always have questions and, and if I could give advice to anybody, it's never, it's never a silly question, never. If you need to know something or find something out, just ask it. And I think what's clever is that you don't just give the answer. You say, well, hold on, what's your thoughts on it? Or, or, or Andre, one of the other admin guys will say, you know what, what do you think before you give the answer? Because that's otherwise you're spoon feeding people and that's not really the idea. You need to, you want to learn now.

That's not what my program is about. My program is not about spoon feeding, it's about making you independent. If I get hit by a bus, you need to be able to understand how to read a chart and make your own decisions.

Yeah, look, but the settings now, I mean I've only been doing 38 days back into the bottom. I'm still going through some of the training and learning about the settings, but I'm using the templates and just tweaking it slightly with the bits that I know about. So it's working well for me. And I'm, I'm a very low risk. I put it at low risk deliberately so that I don't have to panic and worry.

You know, others would go higher. But I, I don't want to take any chances really at the end of the day and rather be conservative than risky. I mean, it's okay if you've got a small high risk account because I know you've got an option there. High frequency trading I think it's called or something. I'm not doing that one at this point in time. I'm just building up my bank and getting to know it again.

Conservative is better.

Conservative is better.

Yeah, no, that's, that's my first. I think people come into this thinking I'm going to make a lot of money really quickly. And it, and it's not get rich quick. Exactly. Just take your time.

Get rich for sure. With the strategy assistant tools, mentors.

Yeah, I mean if you, you know, if you were to get 5, 5% per month, that's, it's as extreme compared to banking and, and stock shares.

I mean, let's look at, let's go here, compound.

I'll just move this over here.

Okay, so you're doing 20, let's call it 20% a month.

We'll do it for bit, do it for one year and calculate your return on investment is 791% a year.

Yeah, I know. And then you get what, 8% from the bank. From the bank.

What, what did you put in? You put in. What's your balance? 2,000, 3,000.

And then I put in another 1,100 or something like that. So.

Yeah.

Over a year you've made 19, $17,000 profits. I mean, if you do this for five years and I've got clients, I mean, you've seen it. We've had plants.

Yeah.

With us for years and they're consistent. Do you think that find the robot consistent?

Yeah. No, it is consistent.

Obviously, when we're in a buy trade or a buy mode at the moment, so we're only doing buy trades. So gold going up is a good thing or, you know, I quite like the sideways channels because it bounces up and down a little bit and let that you just kind of making little bits of money every day and I quite like that sideways movement.

Yeah.

But, yeah, ultimately, as we know, gold will go up. That's the end of the day, 100.

That's why I don't. We don't want a short gold. I mean, I'll think about it. We'll see. I don't know if I want a short gold. I'll see what the institutions are doing with cot. But Nick, I just want to thank you for your participation and thanks for coming onto the call. I really appreciate it. And you know, if you've got any questions, we're here to help you.

Yeah, great. Thanks, Alex. Pleasure doing business with you.

Thank you. Thanks a lot. Pleasure doing business with you again.

All right.

And still, thanks, Nick. Take care.

You too. Thanks, man. Bye.