Quote:
Originally Posted by mitaji  I always look out for Bots that fully explain how they work. If you wanted to you can even trade this system manually. On another note I believe you shouldnt be trading forex with money you cant afford to loose. Dont take this for granted. I dont get it, this is a very simple system fully explained by KB. All these doubt and questions I suspect are from people who want to use more risk or more money than they can afford to for reasons best known to themselves. |
No, I'm just trying to understand the bot better and KB's recommended settings since they made him a great amount of money. I have money I can afford to lose, but that doesn't mean I shouldn't be well informed. I want to
avoid setting up the bot sub optimally. If you're going to flame me, and others, for asking questions, perhaps you should leave this thread.
So anyway, this is what I understand so far with this bot:
FF performs best when well funded, and it should only trade USD/JPY. It is recommended to start with 5K and 500:1 leverage.
1. Now, I'd like to know the recommended lot size for this. That's the part I was confused on. Judging by that chart Killer B did, it would be .05. However, it seems most people are trading with .01. What's best?
2. Additionally, I'm having difficulty finding a non-NFA US broker best for this bot (I'm wagering it works best when it can hedge.) Are there any recommendations that have a lower spread on the USD/JPY pair than forex4you? I've read KillerB's post that stated the 3 pip spread was somewhat problematic; I'd like to avoid this if possible.