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"No chart reading skills required?" — that's the promise, but is it actually true? I put a cloud-based AI forex Expert Advisor built on Smart Money Concepts, Volume Profile, and On Balance Volume to the test from a complete beginner's perspective, to see how much you really need to know before using it. Here's the honest answer.

In this video:
✅ What the AI actually does for you (and what it doesn't)
✅ How the cloud EA runs 24/7, scanning for Smart Money Concepts automatically
✅ How Volume Profile and On Balance Volume (OBV) are built into its recommendations
✅ What minimum understanding you still need to use this responsibly
✅ Where "beginner-friendly" tools can create bad habits if you're not careful
✅ My honest verdict: should total beginners rely on this, or learn basics first?

I'm not going to tell you that you need zero knowledge to trade — because that's not realistic, and that kind of claim is part of why so many beginners get hurt in this market. This video is about what the AI genuinely simplifies, and what you still need to understand yourself.

Nexus Institutional EA Inside The Members Area: https://www.youtube.com/watch?v=kUSCqMt9XMA

Forex Partners Nexus Expert Advisor: https://forexcapitalpartners.com

Inquiries: oursmartphoneapps@gmail.com

⚠️ Disclaimer: This video is for educational purposes only and does not constitute financial advice. No tool removes the need to understand risk, and forex trading involves substantial risk of loss, especially for inexperienced traders. Past performance does not guarantee future results. Always start with a demo account, do your own research, and consult a licensed financial advisor before trading with real capital.

👍 If this honest breakdown was useful, like and subscribe for more beginner-focused forex education and cloud AI reviews.

💬 Comment below: Do you think beginners should learn to read charts manually first, or is it fine to start with AI-assisted tools?

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Learning
Transcript
00:01Gus Schmidt here, and I'm back with a new trading video.
00:06So today I have my Nexus Expert Advisor, Nexus Institutional Expert Advisor.
00:13This is a Forex Trading Advisor that I've coded, programmed, built, developed, and refined
00:19to help me identify trades, Forex trades.
00:26What you're looking at here is the dashboard, and I have some recommended pairs.
00:31I've programmed a number of assets into the EA here, including Euro, U.S. Dollar, Great
00:40British Pound, U.S. Dollar, U.S. Dollar, Swiss Franc, Aussie Dollar, U.S. Dollar, U.S. Dollar,
00:45Canadian Dollar, U.S. Dollar, Swiss Franc, Great British Pound, JPY, New Zealand Dollar, U.S.
00:51Dollar, and XAU, which is spot gold.
00:56In order to run the engine, you'll need a Gemini API key.
01:00If you click on this gears icon, I have my key already.
01:04And if you click on this button here, I have a link to a YouTube video that shows you how
01:11to generate a Gemini API key here.
01:17Very simple process.
01:19You need a Google Gemini account here.
01:23Okay, Gus Schmidt here.
01:24So, in order to use the Nexus Institute.
01:28That process, a very simple process.
01:30So, I have the Gemini API key saved in my browser.
01:36It's saved safely, only in your browser.
01:39No one can see it in your browser.
01:43So, what I'm looking at here, if you look to the top right, this is the silver bullet window.
01:48This is absolutely the best time to look for trades.
01:51I'm in during the New York session here.
01:54It's approximately 10.20 a.m. Eastern Standard Time.
02:02This is a good time because the market opens at approximately 9.30 a.m. Eastern Standard Time.
02:11So, the silver bullet window occurs between 10 a.m. and 11 a.m. Eastern Standard Time, which is an
02:20optimal time to look for trades.
02:22That's because the markets have settled down and the trends are developing in the market here.
02:28So, what I have here is an AI analyst here.
02:34And the core logic that went into the Expert Advisor is based on smart money concepts, along with volume profile,
02:44and on balance volume logic.
02:48So, this is how the EA is.
02:51I can select various assets to analyze here.
02:58And it just loads up the chart as well as the price feed from the WebSocket layer.
03:04I have this engine fetching the price data, the historical, and the tick data from the WebSocket feed here.
03:14So, what we're going to do is we're going to start with the Euro-US dollar here.
03:20Let's load the Euro-US dollar chart.
03:22This is the trading view chart that I've integrated into the EA here.
03:27Like I said, we have the silver bullet window.
03:29So, I'm going to be looking for trades here.
03:34And so, all you basically do is you select the asset and then you run, make sure that the price
03:40feed is synced up to the chart, the chart price here, which pretty much should be 12, 5, 10 here.
03:49So, it's right around the price.
03:51So, let's go ahead and run an analysis and see what the trading engine gives us, the AI analyst provides.
04:00Okay.
04:01So, the AI analyst analyzed the Euro-US dollar here.
04:08And it provides an institutional narrative here.
04:13It's currently saying it's oscillating within the defined four-hour range here.
04:19So, what you're looking at here, there's no higher timeframe bias check.
04:24It's telling us it's neutral, stand aside.
04:27And then we have our pre-trade checklist.
04:31None of the items have been checked off.
04:33So, there is no recommended trade on the Euro-US dollar here.
04:39It's telling us the standard side.
04:41So, what I'm going to do here is I'm going to go through each of the asset pairs.
04:46And if we come up with a recommendation, if the AI analyst comes up with a recommendation, I'm going to
04:53come back and share the trade.
04:54And actually, we're going to execute a trade on my trading platform, which is Awanda.
05:01I trade on the Awanda trading platform here.
05:03So, I have this open in a separate window.
05:13Okay, so I'm back on the EA here.
05:19And I just ran a U.S. dollar-Canadian dollar analysis.
05:25And my Nexus expert advisor found a trade here.
05:32Now, what we have here is the narrative.
05:35First, you look at the narrative here.
05:37It's saying the U.S. dollar-Canadian dollar pair is currently exhibiting a bearish distribution phase, which is a really
05:45good sign here.
05:46We have a higher timeframe bias check.
05:49It's bearish.
05:50The Judas swing has been completed, which is the liquidity sweep that the institutional traders position retail traders into taking
06:00a position.
06:01And then they sweep and use retail traders as their exit liquidity.
06:06Then we have our pre-trade checklist.
06:11All of our items in our pre-trade checklist have been checked off.
06:16We have the higher timeframe alignment, bearish liquidity sweep at this level, volume, on balance volume, confirmation is showing a
06:26bearish bias.
06:27We have a displacement, break of structure, fair value gap, order block retest.
06:34So, the trading engine, this is the nuts and bolts here.
06:39It's telling us this is our entry, the trade execution.
06:43This is the trade we're going to take here.
06:45It gives us the entry price, stop loss, take profit.
06:50Risk to reward is approximately 1 to 1.5 on the take profit 1.
06:56And then the take profit 2 target gives us a 1 to 3 risk return.
07:06So, all these items have been checked off.
07:09So, what I'm going to do here is I'm going to go into my trading account and set up a
07:15trade here using the numbers that the expert advisor suggested.
07:25So, let's go into the Rwanda account and pull up U.S. dollar, Canadian dollar, right?
07:36Let's go and put in U.S. dollar, Canadian dollar here.
07:45All right.
07:45So, it told me to take a short.
07:50So, let's go here and load up our numbers.
07:55Here, from the trade execution section of the AI analyst here.
08:02Okay.
08:03So, I'm going to be taking a short.
08:06So, let's push click on sell here for the short.
08:11And I'm going to enter my lot size.
08:14Let's do 8 lots, which is 800,000 units.
08:20All right.
08:20So, let's find the take profit target here.
08:25Take profit target is 4,200, 300.
08:30So, let's do 4,200, 1 point, 4,200, 300, right?
08:38And it's, which is approximately 9 pips, 8 to 9 pips.
08:46And the stop loss target is 4,200, 660.
08:54So, let's go ahead and plug in 4,200, 1 point, 4,200, 4,200, 660.
09:05Yeah.
09:06Okay.
09:07It's giving us a 27 pip stop loss target.
09:12But I'm extremely confident in this EA.
09:14This EA has been doing tremendous for me here.
09:19I have a total confidence in this EA here.
09:23I've built it over several months.
09:25I have over 14 years of trading experience.
09:29And I have, there's a lot of data and science and smart money concepts that went into developing this EA.
09:37I use volume profile as well as on balance volume logic into the core logic of the EA.
09:45I want to trade with the institutions.
09:47We don't want to trade against them.
09:49We want to trade and ride the trends that the institutions are pushing here.
09:53So, let's go ahead and execute this 8-lot trade.
10:01Okay.
10:02So, here again here, this is the orders here.
10:08I have, you know, my take profit target here.
10:11Like I mentioned previously that the EA provided as well as the stop loss target.
10:17And so, when we click on our position here, it's currently running at a little, a small loss here.
10:25But that's the spread when you enter trades on any broker platform.
10:30They charge you a spread here.
10:34So, if you look at the chart here, I have my take profit target here.
10:38I have my stop loss target here.
10:44So, what I'm going to do now is I'm going to, let's see if there's anything else.
10:49They're different.
10:51If you're interested in learning more about this EA that I've built, just go to my website at forexcapitalpartners.com.
11:00It's all one word, forexcapitalpartners.com.
11:04And I talk a little bit more about what went into the EA and the core logic that I built
11:10into this EA.
11:14I have a best trade practices button here.
11:17It's really a sophisticated piece of software that I've developed, you know, along with the risk management.
11:28And just go to forexcapitalpartners.com.
11:32I have a detailed video that goes inside the members area of the expert advisor, the Nexus expert, the Nexus
11:41institutional expert advisor.
11:44All right.
11:45So, this EA is designed to resolve trades within the day.
11:52This is not a scalp trading software or a swing trading software where you hold on to your trades for
12:00many hours or even days or weeks.
12:03This EA is designed for you to get in and get out of your trades within the day.
12:09I've had my stop loss, my take profit targets hit within an hour, anywhere from an hour up to six
12:18hours.
12:20But we want to resolve the trade within the day.
12:23So, I want to get in and get out of my trades.
12:27I don't want to hold on to trades, you know, for days or even weeks.
12:31There are people, swing traders, that hold on to trades for weeks.
12:34I don't like to hold my capital, risk my capital for those periods of time.
12:41All right.
12:42So, I'm going to let this EA, excuse me, I'm going to let this trade play out here on my
12:49trading platform.
12:50And we're going to check the results throughout the day.
12:55I'm going to monitor this trade.
12:57And then either the take profit target is going to be hit or my stop loss is going to be
13:06hit.
13:06But I'm extremely confident in this EA that we're going to generate some profits today with this U.S.-Canadian dollar
13:16short that the EA recommended here.
13:27All right.
13:28So, I'll see you toward the end of the trading session.
13:40Okay.
13:40So, I'm back on the trade here, the U.S.-Canadian dollar short.
13:47And I just hit my take profit target.
13:49Let me tell you, man, this EA is absolutely amazing here.
13:55There are no open positions.
13:56But if we go to our activity here, I just received a $551 gain for the day here.
14:12I opened this trade at approximately 10.32 a.m., guys.
14:2110.32 here.
14:22This is the order here, the sell market order, the short order here that I took.
14:31And within, let me see, 20 minutes, 20 minutes, I reached my take profit target for $551 gain in a
14:46matter of 20 minutes.
14:47It's $551 in 20 minutes, guys.
14:51Where else can you see those kind of returns?
14:55Yeah, this is an amazing EA.
14:57It's been generating winner after winner after winner for me.
15:01I really built this EA from the ground up here.
15:07This is the AI analyst once again here.
15:11I just simply plug and play, guys.
15:13Just run the analysis on the currency pair.
15:17Look for a trade recommendation.
15:19Make sure your pre-trade checklist, everything has been checked off.
15:23And just plug in these numbers here, execute your trade, and boom, look at that, $551.
15:33So if you're interested in this EA, once again, go to forexcapitalpartners.com.
15:40I have this EA available for sale at $299.
15:46I'm thinking about absolutely raising it.
15:48I think I might be giving it away at this price.
15:53This thing, you've got to have this in your trading arsenal.
15:56This thing is extremely good for if you're either a new trader, a beginner trader, or you have a regular
16:04job and you want to do some part-time trading.
16:08You don't have time to sit there and analyze charts all day long like, you know, what you see on
16:15TV or on the YouTube channels.
16:18Guys sitting there just going through and analyze all these numbers and charts and indicators.
16:25This EA does all the heavy lifting for you guys, all right?
16:29I've got the solution.
16:32This AI analyst.
16:35So, yeah, thank you for watching.
16:38I have all the information in the video comments.
16:42Access to the EA talks more about the core logic.
16:46Just check my video comments or the video description or the channel bio, forexcapitalpartners.com.
16:54Nexus Institutional Expert Advisor, Gus Schmidt, and I'll see you in the next video.
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