"FX Robot" Strategies: "Cover-Up" Strategy
"FX Robot" Strategies: "Cover-Up" Strategy
INTRODUCTION:
The “FX ROBOT” Concept is to “Predict” prices before they change. And it actually does it
very well with many brokers. However, most brokers don't like it when you win money
(same like in a casino), so there are a few ways to “cheat” the brokers. Those strategies
are described below. Try to use them successfully with some brokers.
“COVER-UP” STRATEGY:
1. You need to have 2 or more accounts with the same or best with 2
different brokers. At one broker you BUY manually e.g. 0.1, 0.2, 0.5,
lots of EURUSD or USDJPY (low spread is best). At the same time you
SELL the same order size and pair at a different broker, so in total you
DON'T LOSE money on this strategy, only on the spread which is very
low.
2. Then after some time you see that you made e.g. $500 loss on one
account and $500 profit on the other account. Then you can now
safely use FX Robot on the account that lost money. Even if you make
money overall with FX Robot, in total the account is losing money and
the broker is happy about it.
3. To make additional money, you can BUY at a broker with positive
SWAP and sell with ZERO SWAP, so you always make money on the
SWAP everyday. E.g. you buy at MIG, but sell at FX Clearing which has
ZERO SWAP.
4. Remember: First use the Cover-up strategy and on the account that has
negative long-term trades, use scalping.
5. You don't need to use the Cover-up strategy on Demo, only on REAL
accounts.
“2 SYSTEMS” STRATEGY:
“FIFTY-FIFTY” STRATEGY
1. You set up the TP and SL to the same value, e.g. 10-15 pips and also
“Use Trailing = true.
2. The nature of the FX Robot is that it opens trades with a small profit
already, so in case of SL=TP, it should hit the TP more often than SL,
which is enough to make money constantly in a long-term perspective.
“IB” STRATEGY:
1. With some brokers the Robot “Breaks Even”, so there are not many
losses nor profits, usually around zero.
2. However, if you are an IB and get commission for the trades, those
commissions can be substantial and bring you more profits then the
trades themselves.