Trading FX currency pairs can indeed be very lucrative. It’s a huge market with tons of money floating around in it. However, that said, trading FX currency pairs is not easy. In fact, it takes a whole lot of skill, knowledge, and time to be successful with FX trading. However, we are pleased to announce that there is a new Forex autotrader being released soon, one that will make trading much easier.
The fact of the matter is that there are indeed plenty of automated FX trading systems out there. Yet, most of them just don’t work. Some don’t work right and some are simply scams meant to steal your money. It’s unfortunate, but it’s the reality. Now, while we cannot yet tell you the name of this new Forex autotrader, as it’s all on the down low, there are some cool facts about it that we can tell you.
Trading FX currency pairs does not have to be hard or time consuming, especially if you have the right kind of software in your arsenal, such as this new one which is about to be released. It’s going to blow all other Forex autotraders out of the water. This much we know. Let’s take a look at this best new Forex autotrader to see what it’s all about. Here’s a sneak peak.
The New Forex Autotrader
As we said above, unfortunately, at this time, we cannot yet divulge the name of this new Forex autotrader, as well as some other facts too. However, we can provide you with a sneak peak, a few important pieces of info which you might like to know.
This new Forex autotrader is going to work for all of the most popular FX currency pairs, if not all of them. Up until now, most automated apps for FX trading have focused on just a few essential currency pairings, but this is not the case here.
This new autotrader, from what we have gathered, is set to work in combination with the MT4 or MetaTrader 4 platform. This means that this app will be installed directly on MT4, from where it will then place trades on your behalf.
This new FX trading software is set to be fully automated. This means that you literally won’t have to do any work whatsoever. This new application is going to do all of the research and analysis for you, and then automatically execute trades on your behalf based on that analysis.
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New Forex Autotrader Release – Stay Tuned!
The bottom line is that there is a new world class Forex autotrader coming your way. No, as of now, we do not have an official release date, but it is set to be released within the next week or two. Folks, if you are sick and tired of losing FX trades and losing money, stay tuned for more news about the launch of this new Forex autotrader. From what we have gathered so far, it’s going to be one of the best in the business.
Yes, it is finally time, the Social Trading Bot application is finally here! The fact of the matter is that it has been quite some time since a reliable new trading system has been released, but the wait is now over. Today, the Social Trading Bot platform is making its first appearance in the world of FX and CFDs. Sure, there are some decent autotraders and semiautomated apps out there for traders, but nothing like this.
The simple reality is that the majority of pieces of software designed for easy day trading just don’t live up to the hype. Either they don’t work nearly as well as promised, or they are just outright scams. However, this is definitely not the case here. This is one of those rare occasions where a new piece of software is the real deal.
The Social Trading Bot system is said to be one of the best in the world, and it really does have some special features which make it one of a kind. Today we are doing our initial Social Trading Bot review, a bit of an introduction to let you know what it’s all about. This particular piece of software comes loaded to the brim with easy to use features, it’s user friendly, reliable, and yes, profitable too. Folks, if you are sick and tired of losing trades, it might be time to check out this new platform.
What is Social Trading Bot Software?
This is a brand new piece of technology designed to help make the lives of day traders much easier. First and foremost, when it comes to the assets or markets it can trade, it is designed specifically for Forex and CFD trading.
This is something we do appreciate, because being able to trade all CFDs and currency pairs is a big deal. There’s not many other systems out there that can trade both of these things, especially not reliably.
In terms of automation, you should beware that this is not a fully automated trading application. It is semi-automated. What this means is that it does automatically generate the most profitable and reliable FX and CFD signals to trade with. However, it does not execute the trades on your behalf. You do have to manually execute individual trades.
This is actually something we tend to like, way more than full autotraders. Being able to manually select individual signals to execute trades with offers a much better degree of control over trading. In layman’s terms, the Social Trading Bot app is a semi-automated trade platform for CFDs and Forex, one that generates very reliable signals.
How does the Social Trading Bot App Generate Signals?
Something else you might be wondering about this app, seeing as it generates CFD and Forex signals, is how it generates those signals. How does it work? Now, you might be used to traditional applications, ones that perform a multitude of technical analyses and fundamental analyses to perform trades. Sure, this is just fine, and if done right, it should work to win trades.
However, there is a problem, mainly that this kind of fundamental and technical analysis is not overly reliable in volatile markets, economic crashes, and big market shifts. During times of mass market fluctuations, these autotraders just do not work very well.
Yet, this is where the Social Trading Bot system comes into play. This piece of software works by generating CFD and Forex signals using a myriad of news analysis, economic analysis, and real time market development analysis.
In other words, during times like this, economic shifts caused by the current coronavirus, this kind of current news analysis is much more reliable for generating accurate signals than straight up technical or fundamental analysis ever could be.
In fact, the Social Trading Bot app was designed specifically to be used in such times of economic uncertainty, during massive market shifts, economic crashes, and other such volatile times. Now, in the midst of the coronavirus pandemic, which is seeing the market move in directions that old school technical and fundamental analysis cannot handle, it may be time to use this specialized app designed exactly for times like this.
Who is The Social Trading Bot Platform Made For?
Simply put, the Social Trading Bot platform is designed for anybody and everybody. What does need to be said is that it is designed for newbies, for people that really don’t know much about trading Forex or CFD. The whole thing is made to be very easy to understand, user friendly, and it really does all of the work for you.
It features one click trading with minimal analysis, if any at all. Technically speaking, all signals come with all of the info you need, easy to understand stats, which help you decide whether or not to execute a trade on any particular signal. Sure, there is no reason why are more seasoned trader can’t use it, but it’s definitely designed for novices. It makes trading easy and profitable, even for people who really don’t know the first thing about Forex or CFD.
Social Trading Bot Review – The Verdict
One thing which we can say for sure about Social Trading Bot software is the fact that it is legit. It is not some kind of scam that is going to steal your money, and it seems as though it will perform as promised. All in all, this software is designed for newbies, so it’s easy to use even if you don’t know much about CFD or Forex trading.
It’s the real deal and it’s designed to make profiting from CFD and Forex trades as easy as can be. Yes, we will be doing more Social Trading Bot reviews in the days to come. We’ll be doing some FAQs to answer your most pressing questions about it.
We will also be doing some live trading sessions with it, just to see how well it actually performs. However, when all is said and done, we would definitely recommend giving this Social Trading Bot app a shot. It will undoubtedly change your life for the better and start putting real money in your pockets!
The Social Trading Bot platform is a truly one of a kind day trading application, one designed to allow newbies to make easy profits. Today we are here to take a look at the best Social Trading Bot platform features to show you just how easy it is to make a profit.
Social Trading Bot Software – Best Features
Okay, so now that we have established exactly what the Social Trading Bot app is and what it can do for you, it’s time to take a closer look at the platform.
As we said before this semi-automated day trading platform for Forex and CFDs, what appears to be quite a reliable one.
Moreover, it’s designed to be super user friendly and easy to trade with. Let’s take a look at the best Social Trading Bot platform features which make it such a joy to trade with.
The Economic Calendar
One of the best features you get with this Forex & CFD trading platform is the economic calendar. When it comes to FX/CFD trading, economic calendars are always crucial to success. More than anything else, they can tell you if there is 3 Bull News on the horizon for any given currency.
Of course, this is very important to be aware of, especially for currency trading. The economic calendar included here provides you with vital market information and news, real time and up to date info that will help you determine what the best signals to trade with are on any given day.
What’s cool is that this particular economic calendar is divided into sections. You can choose to look at economic news from various countries, from continents, or you can look at the G20 countries too.
Dynamic Economic Calendar
The Social Trading Bot platform does also come with a more advanced dynamic economic calendar. It is somewhat similar to the normal economic calendar, but it helps to provide you with much more specific economic news and developments of the day, factors that can and will affect your trading.
One thing you might see on this dynamic economic calendar is something like “USA GDP Advance -4%”, which gives you a good indication of what is going to happen with the USD in the near future. Having access to this kind of accurate and up to date economic information of specific countries is vital to Forex and CFD trading success.
Social Trading Bot Fundamental News Table
Yet another feature of the Social Trading Bot platform which you may really appreciate is the fundamental news table. As the name of it implies, this is a feature which will provide you with real time, up to date, and accurate fundamental news developments from around the world.
This therefore allows you to do a bit of your own fundamental analysis on signals. An example of what you might see here is something like “Dollar holds weaker as focus stays on the fed”. It’s an important piece of news you’ll need to be aware of if you want the USD to be one of the currencies you plan on trading for the day.
The Forex Heatmap Screener
One of the best Social Trading Bot platform features you get here is the so called Forex heatmap screener. Now, Forex heatmaps are not exactly new. They have been around for quite some time, and yes, they are very useful for FX trading.
However, what is new is that this heatmap screener is included in a trading platform, this one. This has never been the case before and we do think that the addition of this feature is rather genius.
A simple way of explaining what this is, is that it is an indicator, one which informs you of the relative strength of one currency against another. It’s a really ingenious tool, something that every FX and CFD trader can use to their advantage. Let’s keep in mind that this is a super advanced feature that comes to you totally free of cost.
Cross Rates Info
The cross rates feature is related to the heatmap screener, but instead of focusing on major and national currencies, it focuses on “the currency exchange rate between two currencies when neither of those currencies are the official currencies within the countries in which the exchange rate quote is given”. That is the definition of a cross rate, and if you plan on being a successful FX trader, you better get familiar with what these cross rates are and what they tell you.
Social Trading Bot Signal Probability Indicator
Perhaps the number one best feature which you get with the Social Trading Bot platform is the signal probability indicator. This is a special feature which actually tells you what the chances are of any given trade being a winner.
For instance, here you might see something like “USD/CAD probability rating 80%”. This would mean that the particular signal for USD/CAD has an 80% chance of turning out to be in the money.
This kind of exact estimate in terms of whether or not a trade is going to be winner is essential to success. One little piece of advice we can give you here is to never place trades on signals that have a probability rating lower than 72%.
One Click Trading
Although not exactly a platform features like the others we have looked at so far, Social Trading Bot software does feature one click trading. In other words, all relevant info and signal parameters are provided for you. You literally just have to use your mouse, click once on a specific signal, and the trade will be executed for you. Folks, CFD and Forex trading really does not get any easier than this!
Social Trading Bot Platform Features – Final Thoughts
The bottom line is that the Social Trading Bot app is one of the most feature friendly FX and CFD trading platforms around. It comes with everything you need to make profits. It’s so easy to use that even a total newbie can make money with it! We will be doing further Social Trading Bot reviews, including an FAQ to answer questions, as well as a live trading session to see how well it performs.
If you are a newbie to Forex trading, and trading the market in general, you’re probably quite worried about losing money. The fact of the matter is that yes, there is a certain amount of risk involved with Forex trading. If you don’t do it right and you don’t follow the rules, getting rich trading Forex is not easy.
However, this is what we are here for today, to provide you with the best tips for getting rich trading Forex. There are a few very basic rules and principles that you must follow at all costs if getting rich trading Forex is your goal. Yes, people, it is possible to make a whole lot of money trading currency pairs, but you need to do it right.
Getting Rich Trading Forex – Best Tips
Our very own Andrew, A, the leader of a variety of trading channels, as well as the Income Mentor Box Day Trading Academy, just released and a brand new tips video on this very subject. Getting rich trading Forex is the name of the game, and Andrew is here to make it happen.
Always Reinvest
If you plan on getting rich trading Forex, one thing that you need to avoid doing at all costs is to bank or withdraw your profits. This is especially the case if you started off with a relatively small trading account. A big mistake with many greenhorns make is to always withdraw their profits as soon as they occur. This is a great way to get nowhere in the world of FX.
If you only have your initial investment amount in your account, it means that you can never increase the number of trades you place at once, plus you also cannot invest a lot of money per trade.
You need to keep as much of your profit in your trading account as possible. This is how you grow an account. It’s all about accumulating profits, kind of like interest at the bank. The more money you have in your account, the more interest accumulates, the more money you have, and the more interest there is. This is a cycle, one that is the same with Forex trading. People, keep reinvesting those profits!
Don’t Be Afraid to Move Against the Pack
One of the worst things that you can do as a newbie FX trader is to always be a sheep and to follow the herd. People who are afraid to think outside of the box or trade against the herd usually do not get very far at all.
Yes, this herd mentality can sometimes lead to some profits, but what usually happens when you follow the herd for too long is failure. It’s like if 1 sheep runs off a cliff, the whole herd will run off the cliff. This is often what happens here in FX trading.
When it comes to getting rich trading Forex, being the wolf or the black sheep can be very advantageous. Move against the pack, take a risk, and make it big. Yes, trading against the herd can be a bit risky and dangerous, but you won’t ever get wealthy via Forex trading if you never take risks. Think outside the box.
Don’t Be Idle
If you plan on getting rich trading Forex, one of the worst things you can do is to be idle or to sit on your hands. This is what Andrew refers to as sucking your thumb. Folks, if you don’t take risks and you don’t execute those trades when good opportunities arise, you won’t ever get anywhere. If an opportunity for profit presents itself, and the risk level suits your needs, go for it.
There is no point in trading FX if you are going to sit there doing nothing but analyzing things the whole time, all the while never placing trades. Yes, trading is risky, but those who risk it all are sometimes rewarded big. Simply put, you won’t get the puck in the net if you never take the shot. Get your stick on the ice and start shooting big.
Have a Plan
When it comes to getting rich trading Forex, another big mistake which many newbies make is to trade without a solid plan. Folks, there are thousands of different ways to trade FX out there. Between all those different charts, indicators, oscillators, and analysis tools, you can find thousands of different trading strategies.
No, you don’t need to know a thousand strategies, just a few good ones that you understand, ones that work well for you. The worst thing you can do is to start trading blindly and emotionally. Learn some good trading strategies, learn the basics of Forex, make a solid plan on paper, and then stick to it.
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Stop Wasting Cash
Rich people get rich because they save every last penny, not by spending it on frivolous junk. Stop buying expensive dinners and clothes, stop wasting money on useless garbage, and get an old second hand car instead of that new Ford Mustang.
Simply put, stop wasting your cash and pay attention to the small stuff too. Even small expenses like buying a cup of coffee from the shop instead of making your own brew starts to add up real quick. Use your money for to get rich trading Forex, focus your resources on trading, and then once you make it big, that’s when you can start spending.
Risk Assessment
One of the other tips to get rich trading Forex is to always engage in some good old risk assessment. You need to know how much money you can risk without completely bottoming out. Never trade with more cash than you can lose. If you need that last $1,000 to pay the rent, don’t trade with it!
Get Rich Trading Forex – Final Thoughts
The bottom line is that to get rich trading Forex, there are certain rules which you need to follow, rules which will either make or break you! If you really want to learn everything there is to know about how to get rich trading Forex, we would recommend joining the Income Mentor Box Day Trading Academy.
If you have just entered the world of FX currency pair trading, you’re probably a bit worried and quite intimidated too. The fact of the matter is that FX trading is not easy, not at all, but if you learn from the right places, it is possible to be very profitable. If you are intimidated by FX trading and you are tired of losing trades, you might want to learn Forex trading with Andrew.
For those of you who don’t know, Andrew is a rather perfect person to learn Forex trading from. He has created his own highly successful day trading school, known as the Income Mentor Box Day Trading Academy.
He also has a variety of day trading channels on various funnels, each of which can help you become a better FX trader in one way or another. Today we are here to talk about all of the ways in which you can learn Forex trading courtesy of Andrew. If you want to become a successful, profitable, and self-sustaining FX trader, you have come to the right place.
Who is Andrew?
Andrew A is a long time Forex trader, stock trader, crypto trader, and so much more. He may be a young man, but he has been in the day trading business for nearly a decade now. He has managed to see great success throughout the tenure of his career. Seeing as he himself was so successful, he decided that he wanted to help others learn Forex trading, so everybody can be as successful as he is.
What we do also want to make clear is that Andrew is the real deal. He’s not a fake person, he’s not a fictitious character, and he’s also not some blowhard full of hot air. This man is the real deal, and there is quite honestly nobody we would rather learn Forex trading from than him. He has a massive following on YouTube, Facebook, Instagram, and other social media platforms too, just in case you want to go look him up!
On a side note, something that will definitely help you learn Forex trading from Andrew is the fact that he does his best to explain everything in a very simple way. Remember, everything Andrew does is designed for newbies and beginners. Therefore, he ensures that all of the day trading educational content he produces is very easy to grasp.
Learn Forex Trading with Income Mentor Box
When it comes down to it, the number one place in all of the world to learn Forex trading is at the Income Mentor Box Day Trading Academy. Although this particular day trading course has not been around for too long, about a year now, it has already seen great success. It has managed to turn thousands of newbies into trading professionals.
Here, as a member of IMB, you will gain access to 55+ full length trading tutorials. Each tutorial or lesson focuses on a different topic related to FX and day trading in general. It starts out with all of the easy terms and basic tenants of trading, and then quickly moves along to teach you all about charting solutions, indicators, trading strategies, and so much more.
Quite simply, here you will learn the ins and outs of FX trading, literally everything you need to know to turn you into a professional and profitable day trader. It’s also worth mentioning that the Income Mentor Box Day Trading Academy costs only $299 to join. Yes, this is a single onetime payment with no recurring or additional costs of any sort. $299 can be made up through FX trading in a matter of hours, thus totally offsetting this cost.
Learn Forex Trading with Andrew’s Telegram Trading Channel
Another great place to learn Forex trading is from Andrew’s Trading Channel on Telegram. Telegram is a messaging app. This is a highly refined day trading funnel where you can learn Forex trading. Let’s take a closer look at exactly what you get with Andrew’s Telegram Trading Channel.
Daily Analytics
Information about entry levels and stop loss for trading
General trading education
Free technical analysis info
Free fundamental analysis info
Andrew’s best trading strategies (video formats)
Alerts for Andrew’s live streams
1 to 2 free trading signals per day
Info about stocks, Forex, crypto, commodities, and more
Yes, these are resources which you will have access to each and every single day. They can all come in extremely handy for anybody and everybody that wants to become the best currency pair trader they can be.
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Learn Forex Trading with Andrew’s Trading Channel on YouTube
The other resource you can learn Forex trading from, courtesy of none other than Andrew himself, is his very own trading channel on YouTube. This is a channel where Andrew uploads daily trading videos, usually about Forex trading strategies, but sometimes about commodities, stocks, and crypto too.
Every day he uploads a new video, generally about a killer trading strategy that you can easily master simply by watching him. The beauty of this YouTube channel is that Andrew does everything right in front of your eyes, so you can easily follow along and learn Forex trading on the fly.
Let’s not forget that Andrew often does live trading streams. If you catch one of these live streams, not only can you learn Forex trading, but you can also copy his trades as he makes them. That is right folks, you can copy his trades and make money in real time along with Andrew while he does the same!
Learning Forex Trading – Final Thoughts
As you can see, there is really no better person to learn Forex trading from than Andrew. He has the skills, knowledge, and people skills to teach even the greenest of newbies how to be successful. If you want a truly comprehensive and full scale Forex trading education, you definitely want to check out the Income Mentor Box Day Trading Academy.
Moreover, both of Andrew’s trading channels on Telegram and YouTube are also great resources to teach you the latest and best FX trading tips, strategies, and so much more. Stop trading blindly. Learn how to engage in profitable Forex trading now, so you can start making real money and stop losing it!
Have you ever wondered what the best Forex trading method is? Yeah, there are hundreds of different ways to trade FX, but they are not all the same. Some are faster than others, some slower, some more reliable or less, and when all is done, they all feature different profit margins too. Right now, we want to take you on a journey of what is the best Forex trading method out there. It’s all about putting money in your pockets!
Best Forex Trading Method #1 – 5 Minute Scalping
One of the important trading methods which Andrew discusses in one of his most recent trading tutorials is the 5 minute scalping strategy. For those of you who don’t know, scalping in FX is all about placing a large quantity of small trades, all on short 5 minute time frames.
The whole point of this kind of trading is to make lots of quick little profits. No, single trades are not going to produce huge profits here, but the point is that this is a reliable way of trading, and profits from those single trades do start to add up real quick.
When it comes to one of the best Forex trading methods out there, this 5 minute scalping strategy is definitely one you should be familiar with. As you can see from Andrew’s videos, both of them, he manages to make healthy and consistent profits trading in this exact manner.
Best Forex Trading Method #2 – Coronavirus Trading
Yes, it is of course unfortunate that our world is currently in the midst of a coronavirus pandemic. There are hundreds of thousands of people who are ill and tens of thousands who are dying. No, this is not a good time for planet earth and its inhabitants.
Now, although it sounds crass to say, there is a silver lining to every dark cloud. There is always some good to be found in the bad, and when it comes to the CO-VID 19 pandemic, it does produce some decent opportunities for FX trading.
You see, what the best Forex trading method is at any given time depends on the specific economic situation in the world. Yes, it is possible to take advantage of the current coronavirus pandemic in FX trading. In this particular video, Andrew explains how to trade FX profitably during this otherwise horrible time on planet earth.
Best Forex Trading Method #3 – The Gold Breakout
Something else that is very important is that you know when to trade certain assets against currencies. For instance, in Andrew’s latest trading video, he demonstrates how to trade Gold against the USD for profits.
It appears as though gold has experienced quite the breakout during the last couple of days, with massive price fluctuations happening. This is of course also due to the coronavirus pandemic and the state of the US economy. In this video, Andrew was able to trade XAU/USD and make an ROI of 650%.
Thanks to the gold breakout, Andrew was able to make a killing on the Forex market. The best Forex trading method is all about taking advantage of a situation at a moment’s notice, like this gold breakout. Check out the included video to see exactly how Andrew did this.
Best Forex Trading Method #4 – Candlestick Pattern Cheat Sheet
If you are not familiar with candlestick patterns, this is the perfect place to do so. Candlestick patterns can of course take many different forms, and they all indicate whether a price is going up, down, or remaining at the same level, plus more.
Simply put, if you know how to read candlestick patterns and how to place trades based on that analysis, you do stand to make a heck of a lot of money.
In this particular tutorial, Andrew talks about what candlestick patterns are, how to read and analyze them, and how to place trades based on that analysis. Some of the best Forex trading methods out there involve candlestick patterns, so this is definitely a lesson worth checking out.
Best Forex Trading Method #5 – MACD Turbo Trading
When it comes to the most profitable Forex trading strategies, this one could just be the very best Forex trading method out there at this time. The MACD indicator is one of the most popular indicators out there, and there is a lot that it can tell you.
Simply put, this is a momentum based indicator that can tell you all about price direction and momentum. If you plan on being a profitable currency pair trader, knowing what this MACD indicator is, what it tells you, and how to use it is very important.
Moreover, in this particular video, Andrew demonstrates how to use the MACD indicator to make small and fast turbo profits. In this sense, it is kind of like the 5 minute scalping strategies which we looked at in the beginning of today’s article.
5 Ways to Become Profitable in Forex
Now, this last lesson we want to talk about is not really about one single best Forex trading method. It is more a list of tips and tricks you should put to use in order to be a profitable FX trader. If you are a newbie currency trader, we would definitely recommend watching this whole video from front to back. These are some of the best Forex trading tips you will ever get.
The Best Forex Trading Method – Final Thoughts
When all has been said and done, as you can probably tell, there is no single best Forex trading method. The best strategy for trading FX can take many different forms. It all depends on how much capital you have to trade, if you are a newbie or a seasoned pro, and of course it all depends on the situation at hand.
As mentioned above, this Coronavirus has created some great FX trading opportunities, especially right now with Gold. All of these video tutorials for the various Forex trading strategies out there will go a long way in making you a profitable trader. That said, if you really want to be the best day trader out there, learning from the Income Mentor Box Day Trading Academy is what you need to do.
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The Forex Pro Island MT4 Auto Bot is likely the best automated Forex software around. That said, people have been experiencing issues with installation, which is what this Forex Pro Island Setup Guide is all about.
STEP 1: Download MetaTrader
Step number one involves downloading and installing the MetaTrader 4 platform. It is important to know that the Forex Pro Island Bot works only on MetaTrader 4, simply known as the MT4 platform. In order to download this day trading platform, simply go through your broker and download it from there.
You can also use Google to search for MetaTrader 4, and then follow the search results, and download it from the official site. Once downloaded, follow the simple setup instructions.
STEP 2: Download Bot from ForexProIsland.com
In order to use the Forex Pro Island Bot, you first need to download it. You will then install the Bot onto the MT4 platform. In order to download this day trading app, first go to the official Forex Pro Island website. You can find the links here in this setup guide, at the top and bottom of the article.
Simply go to the official site and click on any one of the sign up/download links. You’ll have to enter some personal info before downloading it. Make sure to save the file to a location that is easy to access, such as the desktop on your computer.
STEP 3: Paste x6 BGot Files into MQL4/Experts Folder
Now that you have downloaded the Forex Pro Island file, open the file up, and also open up the MetaTrader 4 platform. Once the MetaTrader 4 platform is open, go to file, and select the MQL4 folder. Within this MQL4 Folder, go to the expert advisor folder. Now, go to the FX Pro Island file.
You will notice that there are 7 files within, 6 of which are the currency bots, and 1 of which is a setup guide. Select all 6 of the currency bots and then drag and drop them into the MQL4/Experts folder. Instead of dragging and dropping, you can also copy and paste them into there.
STEP 4: Paste SLM.dll File into MQL4/Libraries
The next step here is to paste the full SLM.dll file from the Forex Pro Island download file into the libraries folder. Here, take the SLM.dll file from the downloaded file, and then copy and paste it into the libraries folder. Just like the expert advisor folder, the libraries folder is found within the MQL4 folder. This should take a few seconds at the most.
STEP 5: Download All History Charts on Your MT4 Platform for All 6 Forex Pairs
What you need to do now in order for the Forex Pro Island Automated Bot to work, is to download all historical data for all timeframes, for each of the 6 currency pairs which this software can trade. You will need to download the history for AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
On the MetaTrader 4 platform, select “tools” tab, then go to “history center”, then click on the “Forex” tab, then select the Forex pairs you need to download the history for, then download all time frames. Triple click on each of the pairs and timeframes for each pair, and then download them. This needs to be done for the bot to work.
STEP 6: Open All 6 Forex Pair Charts
Using the MetaTrader 4 platform, go to the charts. Now, open up all 6 of the charts for the corresponding currency pairs which the Forex Pro Island Bot is designed to trade. Yes, you can open them up all at once and size them so they can all fit beside each other on the same screen.
Make sure to open up the charts with the corresponding time frame for the currency pair in question. For instance, if one of the FX currency pair bots is labelled as “H1” or “M5”, the chart you open also needs to have that same designation.
STEP 7: Drag & Drop Each Bot to Corresponding Charts
Now, go to the expert advisors folder, which you should now be able to find on the left side of the dashboard. Right click on this folder and then click on the “refresh” button. Now, open the expert advisor folder up, and you should be able to see all 6 of the currency bots.
Take each bot and then drag and drop it onto the corresponding chart. For instance, the AUD/USD H1 bot would be dragged onto the AUD/USD H1 chart. Every time you drag and drop, you’ll have to click “OK”.
STEP 8: Enter License Key Received After Purchase
When you first purchased and downloaded the Forex Pro Island Bot, you should have gotten a specific license key sent to the email which you signed up with. Within the little window that you click “ok” on after dragging and dropping the bot, you will see a section to enter the license key. Enter your specific license key here. This only needs to be done once.
STEP 9: Click on the Proper Settings – ALLOW
Then, there are some settings you will need to activate in order to allow the Forex Pro Island bot to run. Withing this same little window, where you clicked “ok” after dragging/dropping, the same window you entered the license key, you will see a tab labelled “common”. Go to this tab and then make sure to click/activate on “enable alerts”, “allow DLL imports”, “allow live trading”, and “allow import of external experts”.
STEP 10: Click on “Auto-Trading”
The final step here, to allow the Forex Pro Island Auto Bot to run is to activate autotrading within the MT4 platform. Here, simply go to the top of the dashboard. You will see a button labelled “autotrading”. It is red when turned off. Click it. It should turn green, which means that autotrading is activated, and the software should immediately start executing FX trades on your behalf.
Forex Pro Island Setup Guide – Conclusion
Yes, this can be a confusing process. If you have any more questions or issues with setting the Forex Pro Island Bot up, please feel free to ask and we will get back to you ASAP.
The Forex Pro Island Automated Trading Bot is currently one of the best FX autotraders out there. Now, people have been experiencing issues and confusion when trying to download and install it. Today, we are doing a step by step tutorial to help you download and install Forex Pro Island Software.
How to Download & Install The Forex Pro Island Bot
Folks, the only technical or somewhat difficult aspect to this whole Forex Pro Island Automated Trading Bot has to do with downloading and installing it, and getting it set up in the first place. Everything else about this day trading software is as easy as can be. Seriously, it does all of the trading and analysis for you, plus it even executes and closes trades on your behalf too.
That said, you do first need to follow a few important steps in order to download and install the Forex Pro Island MT4 Automated Trading Bot. If you do not follow the steps which we will outline below, you will not be able to run this autotrader and make money with it. Outlined below are detailed steps on how exactly to download and install the Forex Pro Island Auto Trading Application.
STEP 1: Download & Install MetaTrader 4
The first thing you need to do to use this awesome autotrader is to install the MT4 or MetaTrader 4 platform. Folks, FX Pro Island is designed to run exclusively with the MetaTrader 4 platform, and not with any other.
So, what you can do is to go to your broker and download the MetaTrader 4 platform from there. You can also download MT4 directly from the official site. Just Google MetaTrader 4 if you want this to be as easy as possible, and you will be directed to the official site.
STEP 2: Use Any Broker
If you are installing MT4 on your computer before choosing a broker, you will see a list of available brokers on the platform, once installed. Yes, you will need to be connected to a broker in order to use the Forex Pro Island Auto Bot.
The cool thing here is that you can use any broker of your choosing, as long as it is shown on the list on MT4. There are about a dozen brokers, and they are all fully licensed and legit, so choosing one should be easy.
STEP 3: Download the Forex Pro Island Bot
The next step to getting the bot running is to actually download the file. The Forex Pro Island Auto Bot can be downloaded in a single file, and it can be found on the official site. We have provide links to the official site at both the top and bottom of this article.
You can download the file and save it to your computer. You can then open it up to take a look at it. Within this one Forex Pro Island file, you should see 7 separate files, one of which is the setup instructions and the other 6 of which are the individual bots for trading specific FX currency pairs. The bot consists of those 6 files.
STEP 4: Copy the Bot Files into the MQL4 Folder in MetaTrader 4
This is where things start to get a little complicated, but it is easy enough with the right instructions. So, one you have the MetaTrader 4 platform installed on your computer, and you have the Forex Pro Island file downloaded, you will need to copy those 6 bot files into the MetaTrader 4 platform, into the MQL4 folder.
To do this, first off, select all 6 of the bots in the file which you downloaded (do not select the setup instructions).
Then, go into your MT4 platform and go to “file”, then “open data folder”, then go to the “MQL4” folder, then go to the folder that says “experts”. Now, with the 6 selected Forex Pro Island files, simply drag them into or copy and paste them into the “experts” folder. You can now close this folder.
STEP 5: Download Historical Chart Data for Currency Pairs
The next step to get the Forex Pro Island Bot up and running is to go to your broker. You need to download the historical data for the specific currency pairs for all timeframes. Keep in mind that each of the 6 bots is labelled in terms of which currency pair it trades.
The pairs you will need to download all historical data for include AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/CHF, and USD/JPY.
As an example, let’s pick AUD/USD. Now, in your MT4 platform, go to the “tools” tab located at the top toolbar. Now, click on “history center”, then click on “Forex”, then select “AUD/USD”. You will see a variety of timeframes for historical info for that particular currency pair.
Triple click on each timeframe (they should turn from white to yellow), then select each timeframe and click the download button at the bottom left of the window. You will need to download each timeframe for each currency pair separately.
This will take a while to do, but remember that this only needs to be done once, and then never again. Do this for all 6 of the currency pairs which the Forex Pro Island Bot can trade.
STEP 6: Drag the Currency Pair Bot into the Corresponding Chart
Now, go the left hand side of the MT4 platform. Near the bottom, you will see “expert advisors”. Right click on this and then hit “refresh”. This will ensure that everything is where it should be. Now comes the very last. Click on the “expert advisors” tab. You should see all 6 of the Forex Pro Island Bots for the specific currencies.
At the top left hand side of the MT4 platform, open the AUD/USD chart (we are using AUD/USD for this example, but it is the same for all of the 6 bots). The AUD/USD bot is H1, which means that it is designed to work for a 1 hour chart. So, once the AUD/USD chart is open, go to the top and select “H1”.
Now, go back to the left, select the AUD/USD bot, and with your mouse, drag and drop the bot onto the chart. Once this is done, click “Ok”. Also, in this little window, go to the tab that says “common” and make sure that “enable alerts”, “allow DLL imports”, “allow live trading”, and “allow import of external experts” are all checked/selected. These all need to be turned on/selected for the Forex Pro Island Bot to work on the MT4 platform.
Changing Settings
If you choose to do so, you can also then go to the “inputs” tab to change the settings, such as minimum lot size. Keep in mind that the minimum lot size comes set at a default of 0.01, which is great for accounts with balanced between $500 and $1,000.
As you can see from the video, Andrew has closer to $10,000 in his account, which means he can handle way more risk, so he could set his minimum lot size to 0.1. If you have a $1,000 account, and you feel like being a bit risky, you could set the minimum lot size to 0.02.
That said, if you are new to the Forex Pro Island Auto Bot, it is recommended to just leave the default input settings as they are. Keeping the default values is the best way to win the most trades and make the most money.
STEP 7: Activate the Forex Pro Island Auto Bot & AutoTrading in MT4
At the top of the MetaTrader 4 platform, you will see a button that says “autotrading”, make sure that it is turned on. There will be a red icon when it is off and a green one when it is one. When autotrading is turned off, at the top righthand side of the platform, you will see a sad face, and when it is on, you should see a smiley face at the top right hand side.
If the autotrading on MT4 is turned on, the Forex Pro Island Bot should not place trades for you. You should now see the Forex Pro Island Bot automatically placing trades for you. And in case you are wondering, yes, you can run all 6 of the currency bots at once.
Downloading & Installing Forex Pro Island Software – Conclusion
Folks, if you follow all of the steps we have outlined here, each and every step, you should have no problems getting the Forex Pro Island Automated Trading Bot. If you are still having trouble getting the bot to run, feel free to contact us, or contact FX Pro Island support for assistance.
Yes, it may take you some time to get the bot up and running in the first place, but it is well worth it. Once you set it up all, it does not ever need to be done again. Remember folks, this software can provide you with thousands of dollars in profits per day, so it is well worth the time invested.
The Forex Pro Island Automated Trading Bot just hit the shelves last week and it has already made a huge impact in the world of auto FX trading. The fact of the matter is that there are plenty of autotraders for FX out there. However, from our own experience, only a couple of them work, most of them are scams, and really none of them manage to produce decent profits. This is why Andrew, the creator of the Forex Pro Island Auto Bot, wanted to do something for the little guy.
This is a piece of automated trading software that can and does put money in pockets. Yes, we know it is hard to believe, that this particular FX autotrader is the only automated trading app out there that can actually produce profits.
However, simply put, this is exactly the case. In all of our years of trading with automated software, very rarely have we come across one that actually works, let alone as well as this one. Now, Andrew just did his first live trading sessions with the Forex Pro Island Bot. Yes, it did go very well. In fact, this software managed to perform much better than we had expected.
For those of you who don’t know, the advertised win rate or ITM rate for this app is 74%. So, did the Forex Pro Island Auto Bot manage to live up to its expectations? Did it perform worse or better than advertised? Well, as a little hint, the bot did perform very well and yes it outperformed the advertised ITM rate by a few points. Simply put, today’s Forex Pro Island review is all about how this ground breaking piece of trading tech managed to make lots of money!
Forex Pro Island Auto Bot – First Live Results
Alright, so you are probably interested in knowing exactly how well this Forex Pro Island Auto Trading App managed to perform. Well, we are pleased to announce that the results greatly exceeded out own expectations. We do just want to clarify that this software was designed by none other than Andrew. A, and it was designed exclusively for FX trading.
Now, as you can see from the included video, Andrew placed a totally of 23 trades with his own application. Well, to be fair, the Forex Pro Island app did all of the trading, but Andrew certainly managed to put money in his pocket. Let’s take a closer look at the win rate and the profits generated from these 23 FX trades.
Forex Pro Island – The ITM Rate
So, as mentioned above, there were a total of 23 trades placed by this app in the span of 1 day. Out of those 23 FX trades, the Forex Pro Island app managed to win a full 18 of those trades. Folks, this is a very good win rate. For a comparison, the advertised average ITM rate for this autotrader is 74%, according to the website itself. Well, 18 out of 23 trades being won translates to an ITM rate of nearly 79%.
In other words, this app was able to win about 5% more of the trades it placed than was advertised. Needless to say, this is very impressive. Moreover, a near 80% win rate is something that virtually no other FX autotrader out there can achieve. Thanks to a super sophisticated signal generating algorithm, this software has the ability to generate very accurate signals, which then of course lead to profits.
The beauty of this whole thing is of course that you don’t have to do any of the heavy lifting yourself. The Forex Pro Island performs all of the necessary analysis and research for you. All you have to do is choose the specific currencies you want to trade with, let the bot run, and watch as the profits accumulate in your account.
Forex Pro Island – Overall Profits
Yes, just as important as the win rate itself, the ROI or profits also need to be considered. Now, many of the trades which were placed by the Forex Pro Island app were very small ones, some with only a few cents of profits. That being said, overall, those 18 winning trades did manage to make a good deal of money for Andrew.
As you can see in his live trading video, once all of the addition is done, Andrew managed to make roughly $1,100 in pure profits. Now, an $1,100 gain on 18 trades may not seem like a whole lot, but the fact of the matter is that those $1,100 were generated within a single day and automatically too.
Seriously, Andrew really did not have to do any work at all to make this money. He simply let his Forex Pro Island Bot run, trade, and do all of the work. It really doesn’t get any better than that!
Forex Pro Island & Winning Trades – Conclusion
The bottom line here is that there is simply no denying the fact that the Forex Pro Island Autotraders works as advertised. In fact, it actually works much better than advertised. The indicated win rate on the main site says that this app should be able to win 74% of trades it places.
Well, as can be seen from the included video, the app managed to produce an ITM rate of nearly 79%, which is well over the expectation. In just 1 short day of trading, this software managed to produce profits of roughly $1,100. Make no mistake about it folks, because this is indeed highly impressive. We honestly did not expect this Forex Pro Island app to perform as well as it did.
So, what does this mean for all of your FX day traders out there? It means that you finally have a solid FX autotrader that does actually produce profits. If you are sick and tired of losing trades all the time, we would absolutely recommend giving the Forex Pro Island Automated Trading Bot a chance. You will be pleasantly surprised by its efficiency and profitability too.
The Forex Pro Island Bot is currently regarded as one of the most reliable autotraders for FX around. However, people do seem to have a lot of questions, which is what this Forex Pro Island Bot FAQ is all about.
Does The Software Set Stop Loss Automatically?
This is one of the really nice aspects of this particular piece of automated trading tech, that it automatically sets stop loss levels. This app uses an advanced algorithm that consists of several forms of market analysis to find the best stop loss levels for each particular trade. This means that you don’t have to figure out your own stop loss levels. Moreover, this allows you to recoup a lot of cash in the event that a trade starts to go south.
What Is The Minimum Recommended Balance To Use This Software?
At the very least, you do want to have $150 in your account to use the Forex Pro Island trading system. This amount of money is fine if you want to start small and engage in some easy low risk trading. However, if you want to step things up a bit, increase the risk level, and make a bit more money, a minimum account balance of $500 is recommended. For the best results, so you can trade at high volumes, you may want to consider investing as much as $1,000 from the get go.
Can I Run All 6 Forex Pro Island Bots Simultaneously?
So, an important thing to know here is that this software actually comes loaded with 6 different bots. Each of these bots is designed to trade one specific currency pairs. Therefore, the Forex Pro Island Bot has the ability to trade 6 different currency pairs at the same time, the most profitable currency pairs of course. Now, you can choose to let 1, 2, 3, or all of them run at the same time. People, if you want to trade all available currency pairs and make a lot of money, you can absolutely allow all 6 of these bots to run at the same time.
Will The Forex Pro Island Bot Automatically Close Trades?
Yes, this is another great aspect of the Forex Pro Island Bot, that it will close trades all on its own. This is a big part of any automated trading system like this. Using a series of analysis tools incorporated into an advanced algorithm, this software picks all of the best take profit levels for you as well as the stop loss levels too. When this bot hits the set stop loss or take profit levels, it will close the open trade all on its own. In other words, it does all of the heavy lifting and hard work for you, always closing trades when it is best for your bank.
Can I Close Trades Before Take Profit Level Is Achieved?
Many people are wondering whether or not it is possible to close trades manually before the take profit level is achieved or before the stop loss level is achieved. The answer here is yes, you can manually close any open trades before the stop loss or take profit levels are achieved. Moreover, let’s keep in mind that the Forex Pro Island Bot has multiple take profit levels, so you can set which of these levels to hit before the trade closes, or you can close them manually too.
When Should I Turn The Forex Pro Island Bot On?
There is a right time and a wrong time to trade with this particular software. Now, first off, the Forex market is closed on the weekend, so it is pointless to have the bot running on Saturday and Sunday. That being said, the FX market is open on all 5 weekdays, so this is when you want to let the bot run. It is recommended to let this bot run 24/5 for the best results. However, with that being said, Mondays and Fridays can both be quite risky. If you want to engage in very low risk trading, running the bot on Tuesday, Wednesday, and Thursday is recommended.
Can I Use This Software With MetaTrader 5?
The Forex Pro Island Bot is designed to be used exclusively with the MT4 or MetaTrader 4 platform. This is a very high quality day trading platform which many people are used to. However, that being said, there is a newer version of this platform, the MetaTrader 5 platform. Unfortunately, the Forex Pro Island Bot is not compatible with the MetaTrader 5 platform.
Which Operating Systems & Devices Can I Use This App On?
Something that also comes in handy with this particular autotrader for FX is that it works on all major operating systems and device types. In other words, the Forex Pro Island Bot works on computers, desktops, and mobile devices. It works very well on both MAC and Windows operating systems, and in terms of tablets and smartphones, it works on both iOS and Android. In other words, this software can be used whether you are at home or on the go, a big time convenience factor no doubt.
Is This Software Available Where I Live?
The chances that the Forex Pro Island Bot works where you like are almost 100%. This bot is available in more or less every country worldwide and this includes USA, UK, EU countries, Canada, Australia, Singapore, as well as Asian, African and Middle East countries, and all other countries too.
How Much Does The Forex Pro Island Bot Cost?
This piece of day trading tech will run you a cool $299. This is a very low price for something that can put thousands of dollars in your pocket on a daily basis. Moreover, this is a onetime payment with absolutely no hidden or additional fees.
Forex Pro Island Bot FAQ – Final Thoughts
When all has been said and done, we hope that we have been able to answer all of your most pressing questions about the Forex Pro Island Bot. If you have any more questions, feel free to ask!
