In this video we are going to trade the currency pair AUDCHF for the whole year 2019 with an algo trading system that can be downloaded on the website AlgorithmicTradingSystem.com.
The current risk setting is 30.
The entry signal is the Bollinger Bands indicator.
We are using an original Metaquotes Metatrader 5 demo account as you can create one with a few mouse clicks in Metatrader to compare it with your own results.
I think one question that you need to answer is if trading is worth your time.
Actually you could do other things that might be more profitable.
For example you could learn a skill like Python programming and sell your own software.
It is not so hard to do something like this, there are good books out there and a lot of tutorials on YouTube.
So why do I like to trade?
First of all, this is a topic that I find interesting.
I just like to do it.
The second thing is that I like the challenge to come up with something that can do it for me.
I would not like to sit in front of the screen for eight hours each day and wait for an entry signal.
But there are other ways to spend your time, effort and money.
Some things are interesting for some people and others are not.
For example, I don’t care about soccer while most other males in Germany do.
I don’t know your preferences, so I think you should decide for yourself if this automated trading stuff is for you.
Most people will only need a few days to find out if they love it or hate it.
You can download the free version for the Algorithmic Trading System below the video on our website AlgorithmicTradingSystem.com
It will work with original Metatrader 5 demo accounts.
If you are interested to learn more, or if you are interested to trade this system on a real account, make sure to become a starter member for just one dollar.