In this post I will be reviewing the innovative and forward thinking 8topuz developed by an emerging fintech company who specialise in the development of artificial intelligence trading algorithms. Through 8topuz, the average trader can benefit from some advanced trading algorithms that have been applied to forex trading, but there are some advantages and disadvantages to consider before using this or any other automated trading strategy.
8topuz can be used via MT4 or mobile app with full support being provided by the 8topuz team. The 8topuz documentation states that the annual target of the system varies depending on your risk preference. Of course, there is always risk with trading anything so it is imperative to make sure that you fully understand exactly how it works before you start and the develop will be more than happy to discuss your needs and risk limits. I would say that this trading system is versatile as the settings can be customised and it trades different trading instruments. You can take a hands-off or hands-on approach, depending on your circumstances.
8topuz Trading Strategy
8topuz was created by a team of traders and combines human knowledge with algorithmic trading systems. Thus, giving us the best of both worlds by having the advanced analysis from the algorithms which can parse huge amounts of historical and real time data in milliseconds whilst adding the human element often lacking from other more rigid Forex Robots. This is a very unique feature of the 8topuz Trading Strategy which makes it stand out from the very crowded automated forex trading marketplace.
8topuz trades the EURUSD, USDJPY, NZDUSD and XAUUSD pairs. This is a good mix of major currencies such as the EURUSD and USJPY whilst showing good diversity with the slightly more exotic NZDUSD pair and further mixing things up with GOLD added in there (XAUUSD). Other forex robots use correlating pairs which can cause duplicate losses where we would have been better off trading just one pair, 8topuz tries to avoid this potential problem with its diverse portfolio. As always, just make sure you use a level of risk that you feel comfortable with.
The pairs used within 8topuz come from over 10 years of detailed historical analysis and the fact that they suit the modelling of the 8topuz algorithm whilst its worth considering that although back tests results should not be solely relied on, the 8topuz system has intervention from humans to ensure that it can adapt to the latest ever-changing market conditions. This human intervention can also act as a safety mechanism as the developer emphasises putting client’s protection before anything else.
8topuz trades very frequently which may suit those of you who like high octane action! You can set it up in a way that works for you because every trader is different.
How to use 8topuz?
The developer has made all of the 8topuz settings externally available which means that you can adjust them according to your own trading styles. You can always just use the default settings provided by the developer that have already been optimised but you should always check to make sure that the lot or risk size is set to a suitable level for your risk preferences as every trader is different in that respect.
You will need an account with a trading broker and the popular MT4 platform in order to use 8topuz. You will find that most forex brokers nowadays will provide you with the MT4 platforms free of charge. IC Markets are one of my top forex brokers for running automated forex trading robots. This is because they are an ECN broker with lots of liquidity which means that you can trade with tight spreads, low commission fees and rapid trade execution speeds at the best available prices.
The developers state: “Here at 8topuz our mission is simple. To help investors and non-investors grow their wealth with a fully automated AI-based trading system that is both easy to set up and requires no management. The only decision you need to make is whether to compound or withdraw.”
They have various packages which you can choose from depending on your goals, whilst something bespoke can also be created. You may refer to past performance on the 8topuz website but just keep in mind they are not a reflection of future results and you will need to verify all performance yourself. Nobody can promise and deliver “x” amount of gains in the market due to its unpredictable nature. it is important to be realistic and aware of all the risks involved.
Overall, 8topuz is a unique automated trading solution which is quite versatile and can be customised according to your own preferred trading style. I think it is important that there can be no guarantee of results from this or any other manual or automated trading software for that matter. You should make sure that you do your own research and due diligence before making any decision.
From my experience talking with the 8topuz team, they are very friendly and welcoming, with documentation available on the official 8topuz website and via a PDF brochure you can get upon request. This can be a good way for you to get a better idea of how it works and to see if it is something that you would like to explore further. Not to mention, you could always start on a demo trading account to begin with and see how things go. Whenever I am trying a new trading robot or strategy, I would always first run it on a demo account to get a feel for how it works and what to expect.
Just remember that past performance is by no means a guarantee of what will happen in the future. Nobody has a crystal ball to predict exactly when and where the markets will move. If you do, then please feel free to reach out and give me access! That being said, the 8topuz team will be happy to answer any questions that you may have about their service when you visit their website.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.