[00:02] trading strategy is really effective, why not turn it into a trading robot?  So I did it, and that's it. I put 17 years of trading experience into a single algorithm, and it's already used by over 200 traders. But the truth is, most people don't know how to
[00:17] use a trading robot correctly. They take too many risks, trade in unsuitable conditions, and don't even set it up properly. So in this video, I'll show you in three steps how to use a trading robot correctly because if you don't,
[00:31] your accounts could suffer losses no matter how good your strategy is. Now, hit the like button and read the disclaimer, and let's begin.
[00:45] in a live trade using the robot and I'm nearing my profit target. I'll return to this trade later in the video. This is the account I'm trading on now; it's fully automated without any manual input. Everything you see here is real and documented. I've been
[01:02] using trading robots for a long time, so I've developed this skill. Of course, there are risks associated with it, and I'll show you some community members' accounts that use automated trading later in the video. But first, none of this will work if you don't  You can set up the robot
[01:17] correctly. The first step is setting up the robot. It's very quick and simple. First, we need to download the MetaTrader platform. You can use any broker you prefer; use Hoist. Go to Tools, then Trading Platforms, and then click on MetaTrader 5 Live to download it to your desktop. After that, we
[01:32] install MetaTrader, and it's now on your desktop. There's a trick I always use: I go to Settings and give it a different name (1 and Next). The installation is very fast and doesn't consume almost any computer resources. Then I click Finish. After that, I always pin it to the
[01:47] taskbar, and before moving to the next step, I click on it again, then go to Settings and give it another name (like Two) and install an additional copy. Sometimes I do this 10 or even 20 times so I can run a large number of
[02:02] tests and choose the version that suits me best. I will download the robot. Go to the Members area, scroll down, and then click on Download Robot. Finally, we need to install the robot. The file is now on your desktop; I will open it. I have already installed MetaTrader 5, so I will go
[02:18] directly to  Next, open MetaTrader 5. Log in to the MetaTrader platform, click on File, then open the Data folder. Navigate to the MQL5 folder, then to Expert Advisors, and drag and drop the robot's file into this folder. Return to the MetaTrader platform and
[02:33] click Refresh, or right-click and select Refresh in a browser window, then View, Refresh in a browser window, then View, then Market Watch. This will display the trading pairs. Next, drag the robot onto the chart, activate
[02:46] automated trading, enter your username, and agree to the terms of service. Everything is now ready. The robot can execute trades automatically on your account. That completes the setup, and you're ready to go live. Before moving on to the
[03:01] next step, I want to explain the configuration files, as they are the key feature. Now, let's return to the MetaTrader platform. I'll select the EUR/USD chart and open it. Then, I'll drag the robot onto the chart, but this time I'll click Load.
[03:15] You'll notice that the robot comes with configuration files inside  The settings file has a low-frequency or normal option, and I prefer the normal option. Then we have a configuration file specifically for the EUR/ USD pair here. When I load this file, look at the left side; you'll notice that
[03:29] all these settings change. This means that a configuration file is being loaded that I personally created, tested, and am currently using for live trading. This is the same EUR/USD configuration file that has been live trading. This is the same EUR/USD configuration file that has been
[03:45] very strong results. However, this is clearly a historical test and not a guarantee of future performance. But if we click here, I have a test in front of me where I am currently trading live using this same strategy. As you can see, the performance is going very well, and a
[03:59] As you can see, the performance is going very well, and a successful trade was made this morning. This is being done using the program in a low- risk way, as the biggest drawdown I encountered was only 2.9%. I am targeting monthly growth of around 2.5% to
[04:12] 5%. This is the same approach I am using here, and it is also the same configuration file used here, also the same configuration file used here, but in a much higher-risk way. Using it this way is only for advanced users because when a drawdown of 20% is reached,
[04:28] or as in this example, a percentage...  33% means I'm taking a higher risk, knowing there's taking a higher risk, knowing there's
[04:40] We also have members who use and maintain configuration files within Discord daily. This trade from this morning was entered from here and exited from here, and it was based on the exact same configuration file. It was a success for the trader Ricky, so kudos to Ricky! There are
[04:57] many traders who share their results, and these are all from this morning alone. If you scroll further up, you'll find Infinity, who has also shared his results and a configuration file for the GBP/EUR pair. We can download it,
[05:12] or if we want, we can upload the same configuration file directly to our trading account. Kudos to Infinity! I'll return to the live trade shortly, return to the live trade shortly, but we need to move on to the second step, which is crucial for the
[05:24] success of any trading robot: understanding the strategy. Let's go back to the MetaTrader platform. We'll take the robot and place it on the chart again. This time, we can look at the settings and adjust the risk level. I prefer
[05:39] using dynamic risk, where the robot...  By automatically adjusting the stop-loss and take- profit levels using points, the ETR indicator, or the stop-loss ratio, the most important thing is the strategy itself. This strategy is entirely based on
[05:53] opening ranges. You can specify whether you want to trade the opening range for the Asian, European, London, or American session, the New York Stock Exchange opening, or even create your own custom range. There are several entry methods, such as breakouts, immediate breakouts, pullbacks,
[06:06] immediate pullbacks, or what might be most common for you: retesting the range in the same direction. Let me explain. In this example, the price establishes the upper and lower limits of a range, as you can see here, and the robot automatically executes this for you.
[06:21] This then becomes our trading range for this session. With the retesting the range in the same direction strategy, we wait for the price to break through the upper limit of the range and close outside of it, as
[06:35] happened here. Then, it returns to retest the upper limit of the range, as happened here, to enter a trade upper limit of the range, as happened here, to enter a trade like this. The robot will detect this and then enter the trade automatically according to the specified settings. After that, the price should move in the
[06:49] desired direction and reach the take- profit level.  This might seem too simple, and you might think there aren't enough filters. That's where the additional filters come in. You can go to the filters section here. Perhaps you want to use the Exponential Moving Average (EMA). When
[07:04] activated, the robot will only open buy trades if the price is above this average. if the price is above this average. In this example, the price was already above it. Or perhaps you want to only take trades when there are support or resistance levels. In that case, you activate
[07:18] these options, and the robot will only look for trades at these levels. This level was used as resistance here and is now being used as support here,
[07:32] winning opportunity. But perhaps this isn't enough. If you're concerned about news, you can add a news source concerned about news, you can add a news source then specify that you want to avoid high-impact news 60 minutes before and 60
[07:46] minutes after the event. So, if there's an important event or statement from a high-ranking official, such as a speech by President Trump, and you don't want to trade during these periods (and I personally prefer to avoid them),
[07:58] you can use this filter. Then, if there happens to be news or a speech of this level, the trade won't be executed, helping you avoid periods of volatility.  This is very important because I always try to focus on low-volatility market conditions in my trading robots.
[08:13] Now, let's download one of the most popular configuration files here. If we go down to the entry mode, you'll notice that it's trading the US market session using the immediate bounce entry mode. This is another trade that was executed recently, just yesterday. Let's take a look at it. The
[08:28] trader created a trading range, and then what happened? The price moved towards the immediate bounce level. In this mode, the price uses the lower limit of this level as support and the upper limit of the range as
[08:40] this level as support and the upper limit of the range as resistance. When the trade was entered immediately and closed with a positive result of about nine pips in about nine
[08:52] minutes. A fantastic scalping trade! If you go back to Discord, this is the same trade that one of Discord, this is the same trade that one of our members executed here. Now, I'll go back to the live trade to show you the last and most important step: setting targets
[09:05] correctly. Before we go into this last step, let's go back to the live trade here. As you can see, we are very close to closing the trade with a profit. Here it is closing now. A perfect sell trade executed by the robot.
[09:21] But all of this is impossible without understanding the objectives and managing risks. We covered the setup, and execution is automatic. Everything depends on risk management. Is it safe? We can proceed.
[09:33] Is it safe? No, the settings shouldn't be modified again. If the risks aren't properly managed, you could end up losing the entire account, as you can see here. This screenshot is from a real Discord member. It's a demo account, but he was a complete beginner and didn't know what he was
[09:48] doing. This is the same trade that led to him losing his account. So what happened? Well, we had the setup here. We set the range, and the range was used. Then the price
[10:01] reversed, and a trade was entered at this reversal. So, one sell position was opened here. Then, as the price rose, another sell position was opened, and then another, and another. The robot was using a grid approach and increasing the load to compensate for the positions and profit from the
[10:17] total trades. Then, when the price reversed, the robot automatically adjusted the take-profit level for the client. Finally, the trade was closed with a profit. This trade on the account made a profit of 2011.44 to 44.  The
[10:31] first trade was a loss, and the second was also a loss. This means that both trades closed at a loss, while this one ended in a profit. However, that new member was taking a very high risk, which led to the complete loss of his demo account
[10:45] due to a simple movement of only 30 points. I'm certain that Trump had no hand in that movement. This is why understanding risk is crucial. Here you have a low- risk account, and here I have a high-risk account. If we look back at the previous performance test,
[10:59] you can see these pullbacks. They appear small, and they are relatively small when the risk is low. However, a pullback like the one on this account could lead to its collapse because it relies on very high risk. If the same pullback were to occur on this account, it would
[11:15] likely be only about 6 to 7%, after which the account could recover and continue to rise.
[11:27] timeframe within which you trade. If you are going to use a high-risk account like this one, it is best to withdraw profits at a specific time. With this low-risk account, you can keep it.  For a longer period with a lower level of risk, and if you'd like to learn
[11:41] more about the robot, I'll put a Discord link in the video description. You can chat with other users, download their settings, or do what suits you. Of course, trading always involves risk, so trade with caution. Click the like button and subscribe to the channel. You might also be watching this
[11:57] video here, and another one here. See you next week! All my love.