🥳🤑 Automate for ultimate profits. Discover the power of AI in financial markets.

Frequently Asked. Questions

Frequently asked questions about  our products

What is a bot?

In the realm of trading, a bot refers to a computer program or software designed to automatically execute buy and sell orders in financial markets. These bots operate based on predefined trading strategies, rules, and indicators, aiming to generate profits by capitalizing on market opportunities.

How do trading bots work?
Trading bots work by constantly monitoring the market conditions, including price movements, volume, and any other relevant data points. They analyse this information based on the programmed strategy and indicators, and when specific conditions are met, they automatically place trades on behalf of the user. Bots can operate in various financial markets, such as cryptocurrencies, but also stocks, forex, and commodities.

What are the benefits of using bots?
Trading bots offer several advantages, including:

  1. Efficiency: Bots can execute trades at high speeds, eliminating the delays caused by manual trading.
  2. Emotional detachment: Bots operate based on preprogrammed rules and are not influenced by emotions, which can often lead to irrational trading decisions.
  3. 24/7 trading: Bots can monitor markets and execute trades around the clock, without the need for human intervention.
  4. Diversification: Bots can trade multiple markets and assets simultaneously, spreading the risk and potentially increasing opportunities for profit.
What could cause a good performing bot to start underperforming?

Developing effective systematic trading strategies presents a significant challenge as it involves avoiding strategies that are excessively tailored to specific market conditions. Volatility is a well-known characteristic of markets, particularly in the financial trading space, where price oscillations can be unpredictable.

The goal of trading strategies is to continuously adapt and maintain performance across various market behaviours. Even established financial institutions and proprietary trading firms face difficulties in this regard.

To safeguard our customers’ interests, we diligently monitor our bots’ performance to identify strategies that struggle to adapt to the ever-changing market conditions and pose risks. If a bot fails to capitalize on abundant opportunities or lacks effective risk management during favorable periods, we consider upgrading it.

What bot should I choose?

There are six BOTs, four bots can trade VOLATILITY 75 and two can trade NAS100 and SP500 for PROP FIRM.

So you will choose a bot according to your need and for more information you will be required to download a PDF which contain how to start instructions.

While the prices of VOLATILITY BOTs are $180, $300, $400 & $700, and prices of PROP FIRM BOTs are $300 & $500

How can i be profitable with your bots in a long run?

If you want to be profitable in the long term, consider the good use of LOTSIZE and don’t be greedy.

Agree to grow your account slowly, once you have a large capital, use a large lotsize.

How can i trust your BOT?

Don’t worry we offer three days to test our bot before you buy.

We offer three days of testing, so you will open a brokerage account, then you will open a demo account after that you will give us the details of mt5 or mt4 and then we will connect the trading account with the BOT via VPS for three days after that you will have answers and you will know what decisions to make.

How can i pay?

you can pay via Cryptocurrency, Mobile Money(Airtel money, Tigopesa Etc) & Bank.

What is VPS?

VPS (virtual private server) is like a permanent link that connects your trading terminal to the wider trading network.

For example, when you use MT4 or MT5at home on your computer, you’re plugged into the standard trading network where your trades get executed. But what happens if there’s a power outage that leads to the loss of your internet connection? Or a system glitch? Or your computer freezes or simply stop working?

Instantly you lose the ability to open, close or amend your trades, which can have big implications in a fast-moving market.
Trading VPS hosting keeps you connected and lets you keep trading, giving you safety and security against unforeseen failures in the system. It is not only an automation tool but can also be seen as a component of a trader´s risk management strategy.

Why should I use VPS in trading?

Why should I use VPS?
The benefits of a Virtual Private Server (VPS) for automated trading include continuous internet connection and faster execution speed. VPS services are powerful, offering CPU speeds up to 20% higher than comparable servers because they have more RAM available to run processes in parallel while minimizing usage spikes from other clients on the same server.

Some other important features of forex VPS hosting include:

Backups.
VPS servers constantly create backups of your entire trading configuration, including the operating system and trading software. No matter what issues you might have with your computer or devices, a VPS acts as a kind of safety net to protect you against issues that arise if a connection is unexpectedly broken. It means you can carry on trading without missing out on opportunities.

Improved latency and reduced slippage.
Latency in trading basically describes how fast your trade gets executed. In other words, it’s the time between the moment you hit the ‘OK’ button to confirm a trade and the moment your trade is received in the marketplace.

In trading, latency is measured in milliseconds but in such a fast-moving market milliseconds can matter a lot. So, the lower the latency the better. And one way to reduce latency is by having computer servers physically closer to exchanges, which is what a VPS connection gives you.

And with a fast connection, you’re less prone to slippage, which is the difference in the actual price between the moment you hit the button to confirm the trade and the moment the trade is received and completed.

The online world may seem instant, but everything takes some time. A major advantage of using a VPS is that it can be a low-cost way to improve your latency and give you more reliable pricing.

Simplicity, security, and efficiency.
When you’re trading forex online it helps to think of it as a business that you’re running. You’re essentially investing money to try and make more money. So why wouldn’t you choose to implement the best technology to give yourself the best chance of being more profitable?

A VPS is a simple and cost-effective way of helping you safeguard your system and reduce your level of risk so you can concentrate on building a path to being a successful trader.

Which broker do you use

We mainly use DERIV because our 4 bots can trade volatility 75 but the other 2 can trade any broker provided by your PROP FIRM!

Are you affiliated with DERIV?

No we are not! We only use DERIV as our brokerage, we do not have any contract with them.

How can i open account on DERIV

Go to DERIV.COM sign up with your email then follow the instruction inside the platform or you can watch this video on youtube – https://www.youtube.com/watch?v=GpkG8OJR7Hk

What about the winning rate of the bot?

Our BOTs has winning rate of 92%

Does your BOTs use different strategies?

No! All Volatility BOTs have the same strategy, they use a price action swing strategy via 1hr timeframe.

What can cause LOSS in trading?

Lack of knowledge, Misuse of LOTSIZE, manipulations, news, revenge, overtrading, not following the trading plan and many more all these can be the cause of loss and even burning the account.

But when you use our BOTs, you should only be disciplined in the use of LOTSIZE without thinking about other things that appear in the market such as news and manipulations, and also make sure you start with the required capital, this is the only way you can avoid loss.

Can losses occur to your BOTs?

No business in the world does not have losses, but there are reasons for losses in every business, one of the reasons that can cause you to lose through our BOTs is the misuse of LOT SIZE.

Make sure the lot size you use is compatible with your capital, and make sure you use the recommended capital and not less than that.

If you have been told that the starting capital is 500 dollars for a certain BOT, then put 500 dollars there and you will be safe. last but not least don’t start with a big lot size.

START TODAY!

Download instruction contained PDF.

Ready To start? You can download our PDF below which contains how-to-start instructions.
👇🏼

© 2023 Fumbakasa.com | All Rights Reserved.