Pure Scalping Robot
Forex SAS is an automated trading robot launching on coming Monday 23 Aug ’10.
What’s different about this robot is that it is designed as a “pure scalping robot”.
This means it will use a small timeframe and keep looking for short-term trades to long and short.
Those scalping trades are as quick as 10 minutes.
It will keep finding/opening trades throughout the day 24 hours and end them on the same day.
Scalper robots rarely make it
Now if you have been buying forex robots, you will realize that most of them are slow traders. They will wait for days before opening 1 trade.
In fact, I have not seen any scalpers lately except Forex Shockwave.
Most forex scalper robots do failed in the end because of taking too many losing trades in a row.
This is due to the inflexibility of the trading system within the forex robot.
Monitor your robot in the beginning
Most trading robots couldn’t handle a market condition that is not inside its trading algorithms.You need anti-tank weapons to fight tank and anti-air to fight planes.
If you are intending to buy Forex SAS, make sure to spend some time monitoring your forex robot everyday.
You might want to intervene if Forex SAS starts making a series of 3-4 losing trades.
Understand “how” your forex robot trades during certain periods of the day.
Risk-Reward ratio
Lets look at some of the trading stats on Forex SAS.
The robot targets near 5-10 pips per trade and uses a wide stoploss.
Now this is typical of a scalper trading robot when they are trying to increase the winning rate.
A true good human scalper will try to target the same profit target and stoploss. Meaning you risk “5 pips loss” for “5 pips profits”.
So you might want to configure the stoploss to 2X of your profits or even lessor. If you are going for 10 pips profits, the max you risk is 20 pips stoploss.
However, you might get a higher losing rate due to decreasing your stoploss. So be prepared.
However, you will keep most of your profits these way.
Forex SAS works with all brokers as long they uses Metatrader trading platform.
Pure Scalping RobotForex SAS is an automated trading robot launching on coming Monday 23 Aug ’10.
What’s different about this robot is that it is designed as a “pure scalping robot”.
This means it will use a small timeframe and keep looking for short-term trades to long and short.
Those scalping trades are as quick as 10 minutes.
It will keep finding/opening trades throughout the day 24 hours and end them on the same day.
Scalper robots rarely make itNow if you have been buying forex robots, you will realize that most of them are slow traders. They will wait for days before opening 1 trade.
In fact, I have not seen any scalpers lately except Forex Shockwave.
Most forex scalper robots do failed in the end because of taking too many losing trades in a row.
This is due to the inflexibility of the trading system within the forex robot.
Monitor your robot in the beginningMost trading robots couldn’t handle a market condition that is not inside its trading algorithms.You need anti-tank weapons to fight tank and anti-air to fight planes.
If you are intending to buy Forex SAS, make sure to spend some time monitoring your forex robot everyday.
You might want to intervene if Forex SAS starts making a series of 3-4 losing trades.
Understand “how” your forex robot trades during certain periods of the day.
Risk-Reward ratioLets look at some of the trading stats on Forex SAS.
The robot targets near 5-10 pips per trade and uses a wide stoploss.
Now this is typical of a scalper trading robot when they are trying to increase the winning rate.
A true good human scalper will try to target the same profit target and stoploss. Meaning you risk “5 pips loss” for “5 pips profits”.
So you might want to configure the stoploss to 2X of your profits or even lessor. If you are going for 10 pips profits, the max you risk is 20 pips stoploss.
However, you might get a higher losing rate due to decreasing your stoploss. So be prepared.
However, you will keep most of your profits these way.
Forex SAS works with all brokers as long they uses Metatrader trading platform.