Forex isn’t an easy thing. Like most of us I’ve lost a lot of pips in my day. But as impossible as it may seem sometimes, you can definitely make money trading forex. You just need the right tools. That’s why I’m sharing this stunning three part 266 pip movement that Odin made earlier this week. These trades were fully automatic. Let’s break down this three part trade and learn how Odin is helping real people make money trading forex everyday.
Odin knows when to enter and when to exit
Odin uses a grid plotting strategy that can break down movements into their smaller timeframes. Basically every large movement is broken down into smaller movements that can be turned into patterns on your chart. This enables Odin to spot trend shifts as they form and get in on reversals. That’s exactly how the first trade for 122 pips was found. A market sell-off was deflating. Odin spotted this using its calculations and entered the market to ride the wave upwards.
Odin doesn’t just find when to enter. It also plans when to exit for the most pips. After exiting the first trade, it continued to look for signals. The buy rally that gave us the first trade began declining almost immediately after exiting. Odin found another easy reversal trade forming. So it opened its second trade and closed it some hours later for another 80 pips.
This week’s chart was ripe with easy see-saws for Odin to trade. And a forex robot’s work is never done. Which leads us to the third forex trade it found shortly thereafter for 64 pips. This is forex trading at its finest.
You can make money trading forex
It just takes a lot of work. But a fully automated system like Odin can help you in the meantime. We like that it is trading those overnight market hours when we’re sleeping. So we wake up to fresh pips with our coffee.
P.S. Don’t repeat the same mistakes
It’s going to take a lot of blood, sweat, and tears to make money trading forex manually. So a forex robot like Odin can do some of the heavy lifting on your charts while you improve your own skills. You know, things like finding trades, money management, trade exit, stop loss, and take profits. After all, who couldn’t use a little help every now and then.