FAQs
- If I use your bot, how do I choose a prop firm for forex trading?
- - Look for firms that allow EAs (Expert Advisors), copy trading, weekend holding, and news trading.
- - Ensure the firm offers flexible lot sizing.
- - Be aware: most prop firms have a 3–5% daily drawdown limit. This can make their high account balance less appealing compared to trading with your own capital.
- How do I set the parameters for the bot?
- - Please trade one symbol at a time in one account because most brokers have a restriction of max number of open postions. You can switch from one symbol to another after all positions are closed. Login to your client portal, under "My Profile", you can find the symbols with active trading signals for the day. When setting the value of RiskperPip, the baselot value will show up on the upper left corner of the chart.
- - We recommend that you start from a small value, increase it by the smallest step after taking a loss (please do not double down). then return to its starting value after taking a profit. Please adhere to your positive RR ratio. Please click here to see the recommended lotsizing guideline.
- - If you trade news for fast profit, you can consider turning FastMoving true, if a major news impact is expected, you can set NoStopLoss true. News Alert with AI is recommended. You will receive sms alert 8 hours before a major economic news including analysis on the news by AI.
- - Profit Target: This is the target for the current round. Enter an amount bigger than your current balance.
- How do I use the "Close All" button?
- - Click this button to close all open positions for a given pair.
- - Only consider doing this when your profits are 2–3 times greater than your losses.
- - We recommend: for slow moving symbols : closing if the trades have been open for over 10 days and the market is not trending. for fast moving symbols or news trading, you may make the decision in 24 hours.
- What are the features and costs of the GoldenFisher bots?
- - Strategy: The bot uses a unique hedging technique combined with trend-following and up to 5x lot sizing. Hedging positions help minimize losses in sideways markets. The bot scales into positions as trends emerge. Please be patient during sideways markets, as profits may be delayed.
- - Costs: Free for 30 days on your first, second, and third license. After that, the subscription fee per month is calculated as your average account balance in the past 30 days divided by 600, plus a base fee of US$50. For non-currency symbols, lic fee is 2x the regular fee. The price may change without prior notice. You can use the free trial to optimize your setup without pressure. If you trade a cent account, you can open a live cent account at the appointed broker with min balance of $3000 and use the bot for a monthly base license fee only.
- Can I backtest the GoldenFisher bots?
- - Unfortunately no. Because we backtest our strategies once every 6 months for each symbol. While past performance doesn't guarantee future results, it offers useful insights.
- - Rest assured that the bot is running at optimized parameters for the symbol. we have done the heavy lifting so you do not have to.
- What is the Affiliate Program?
- - First-level (direct) referrers earn 15% of our earnings.
- - Second level earns 10%, and third level earns 5%.
- - Fourth and fifth levels have additional benefits based on the number of referrals and the total account size of levels one and two.
- How can I get started?
- - You can rent a VPS here, or use your own computer/VPS.
- - Register a free account in the client portal and download the user agreement.
- - Sign and upload the agreement to your portal.
- - Download the bot from your profile page (the download button will appear after uploading the agreement).
- - Add a new license in your client portal and install the bot to MT4, MT5, or cTrader.
- - Contact us using the form below. Include your registered email and license number if your platform is ready. We will activate your license promptly.
- If you need help installing the bot, please let us know by submitting the form below.