Robots we will not build, and why
Some robots try to win back losses by taking more and more risk. They can empty an account fast. The builder checks every robot and refuses these, in plain words, before anything is built.
Nothing is built, and nothing is charged, until your robot passes the check.
The list
Each one, what it does to an account, and what to build instead.
Bigger trades after a loss
Often called martingale
- What it is
- A robot that makes its next trade bigger after a loss, hoping that one win pays back everything.
- Why we refuse it
- A run of losses makes every trade bigger than the one before. A few losses in a row can empty an account.
- Build this instead
- Keep each trade the same size, or size it from your account and your stop loss.
Adding to a losing trade
Often called averaging down
- What it is
- A robot that buys more while a trade is losing, so the average price looks better.
- Why we refuse it
- The loss grows faster each time the price moves further against you.
- Build this instead
- Add to a trade only while it is not losing, and only up to a number of times you set.
A grid of orders against the price
- What it is
- A ladder of orders placed at fixed distances in the direction the price is moving against you.
- Why we refuse it
- Each step down fills another order, so the trade grows while it loses.
- Build this instead
- Place one order with a stop loss, and let the safety limits decide when to stop.
Trading the other way to win back a loss
Often called hedge recovery
- What it is
- A robot that opens a trade in the opposite direction to make back a losing trade.
- Why we refuse it
- It adds a second trade and more costs instead of closing the loss.
- Build this instead
- Close the losing trade at its stop loss, then let your rules decide the next trade.
Adding to a trade with no limit
- What it is
- A robot that keeps adding to an open trade, with no limit on how many times it adds.
- Why we refuse it
- With no limit, one trade can grow far beyond the size you planned.
- Build this instead
- Set how many times it may add, from one to five, and only while the trade is not losing.
No stop loss
- What it is
- A robot whose trades have no stop loss: no price where a trade closes by itself.
- Why we refuse it
- One bad move can take far more than you meant to risk.
- Build this instead
- Give every trade a stop loss. The builder adds one to every trading robot.
A trading robot without its safety limits
- What it is
- A robot that trades without its safety limits, or that has a path to a trade that goes around them.
- Why we refuse it
- The limits only protect you if every trade has to pass them.
- Build this instead
- Keep the safety limits in place. You can change their numbers, but you cannot delete them.
A trade bigger than your own limit
- What it is
- A robot set to trade a size larger than the biggest trade size in its own safety limits.
- Why we refuse it
- Your limit would mean nothing if a block could go past it.
- Build this instead
- Lower the trade size, or raise your limit on purpose.
Promises of profit inside the robot
- What it is
- A robot whose name, notes or messages promise profits or say it cannot lose.
- Why we refuse it
- No robot can promise that, and the words travel with the robot wherever it goes.
- Build this instead
- Describe what the robot does, in plain words.
A robot that contacts a website
- What it is
- A robot for MetaTrader 5 that sends messages to a website or a chat app.
- Why we refuse it
- Our robots never contact our website or any other. That keeps them working when a website is down.
- Build this instead
- Use email, phone or on-screen alerts. They go through MetaTrader's own services, if you have set them up there.
If the builder refuses your robot
It says which block and why, in plain words. Change that block, then check again. Your safety limits are explained on the safety page.
Join the waitlist
We will email you once, when TheTradingRobot opens.