CarinaBot is a fully automated and advanced robot that execute trades based on trading algorithms to identify trend and your financial management settings. This robot performs perfectly in EUR/USD and is suitable for beginners, new investors, and professionals. For more information, please stay with us!
We suggest you read the article “What is a forex robot” before reading the forex CarinaBot robot installation tutorial. To use Carina Bot, you need to go to the main page and then click on the “Start” option to enter the page below. It’s time to enter your email to complete your initial registration and access your user panel.
Then, go through complete personal information. As you can see on the page below, you must enter your name, last name, accurate address, and postal code and click on the “Next” option to be directed to the next level.
In the next level, you need to determine your phone number, account password, and base currency; click on the “Next” button.
In this stage, your registration is completed, and then you will be asked to choose one of these two predetermined trading accounts: a demo account and a live trading account to start trading. We suggest you first use the demo account in order to make sure about the robot and test it accurately.
Once your registration is complete, you will have a user account on the Carina-Bot website and an automated account with the Torobase broker. By clicking on “Go to Dashboard Account,” you will be directed to your Torobase broker account. It’s important to note that Carina-Bot can only be used with a specific broker and does not have the capability to be installed on MetaTrader.
The CarinaBot gets Its best results when it is activated on the New York session. All its calculations are based on the divergence of EUR/USD, so the best trading session is when the New York market opens.
As far as the trades of Carina-Bot are executed based on EURUSD currency pairs, the best trading symbols that you can choose include AUD/USD, USDCAD, EURUSD, GBPUSD, etc.
There are some graphs on the Carina-Bot website that indicate the profitability and performance of the robot, but the user’s comments show that the graphs are not that real.
Most traders who used the CarinaBot said that the performance of the robot is much weaker than the company advertised. Also, as the robot doesn’t have any graph on the MyFxBook website, we can not rely on its graph.
As the creator company claimed, its trading strategy is based on comparing price differences between currency pairs from EUR/USD and identifying harmonic patterns and important market patterns for trading.
The bot considers the average divergence relative to EUR/USD and looks for confirming harmonic patterns. Finally, it executes trades at a suitable moment.
Now we can mention the advantages and Disadvantages of CarinaBot.
Overall, the users’ experiences are almost positive; however, they complained that the available results are much weaker than what the company provided. Also, as it’s limited to a poor broker, you can not rely on it completely. If you are interested in basing your trading strategy robots on forex robots, we suggest you check out the MyFXBook site.
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