Another forex profit.

First thing this morning the robot was up by over £40, but there was still an open trade which did not look too hopeful, which I was tempted to close out manually with about a £10 loss, but unfortunately as soon as the London market opened that became a loss of £33.20 when the market jumped and the stop loss was hit.  But to me it proved that the robot is doing what I have asked it to do, and on this market I have set it to a maximum risk of 10% which is what it did.  Nice if it had won a bit more, but this is what Forex trading is about, you have to take the losers with the winners.  But what this robot does is to win lots of small amounts, and occasionally there will be a bigger loser, but no more than you are prepared to risk, and it even closes out some trades with much smaller losses when it gets the chance.

Get your own robot here.

In the middle of December I opened a live account with £150 (UKP) and within a couple of weeks it had risen to £375.73 when my account was closed down.

I then had to find a new broker, set up the account and transfer money which I did with FXPro who are based in Cyprus.  But then we had the holiday break which is not a good time for trading.  But the account with £200 in it was ready to go.  Note that I had taken out the original investment so the account is now totally self funding!

The first day produced a loss, with the EUR/CHF pair of £32.75, but since then, the profits have been building up.  I had some extra money transferred into the account which was not intended for this account but it swelled the total by £46.68, and I will take that out soon when the other account I have opened is sorted out.  But the exciting news is that after activating the Forex Robot on Tuesday, the account which was standing at £200 is now at $330.03, and if I take off the extra money paid in on Wednesday, the profit in 3 trading evenings is £83.35, a very healthy increase indeed.

I also stopped the robot trading the losing pair on Wednesday, which was a mistake because a demo account made money with that pair on the same night.  So I brought it back in last night, and it made money.

So I am going to leave it all alone and monitor progress.  If the account was 10 times bigger, which it could be at this rate within a few months, then it will be producing a very healthy income without me having to lift a finger.

Click here if you want to do the same.