29 Comments

  1. A EA with a flexible system does it's job. E.g you will use whatever you use to identify a trending and ranging markets. And you can use a ADX for that. The trick here I think is to modify an EA according to your "Manual Trading" rules, approachs etc🤷🏾‍♂️🤷🏾‍♂️

  2. why don't you program your "robot trader" to STOP trading whenever conditions that exist changes suddenly?! that way you prevent lose.
    then you can run another robot that is designed for the new market trend.
    or edit your current robot to keep phase with the changes of the market, and so you can continue automated profit.

  3. I am sorry. I think your reason is not convincing. The sample u gave is contradictive. The robot is working exactly what your own trading strategy told it to do. There is not any difference between doing that manually or automatically. If your strategy does not work at a specific moment. No matter your r trading manually or trading automatically, u will lose money. Or you can say, u will not know when ur strategy will lose efficacy even u r trading manually.

  4. Hello, waht do u think about arbitrage forex robot like New Hope EA. I gonna to buy something but i dont know what is the best choose. A lot of experts. I read forum soehoe and some people can make profit with New Hope, anyone know this site and products? https://newhope.uk.com/

    Please reply, I dont want to spent money ..

  5. I'm sorry, but what you are saying is that its the same as trading manually, and that you will wipe your account. So you then mean that even manual trading is useless as you are gonna have the same decisions to get out or not. I'm building robots and I totally see where you're going with this but for me, a robot is something that helps me stick to my trading rules, taking out the emotions that manual trading has. We also know that institutions is using robots. We also know that more than 50% of all trades is made by robots so it's a strange take saying they cant work. My strategy is to have multiple robots, i.e. 5-10 of them, trading different timeframes and currencies. And to always withdraw money instead of increasing the volume traded as the account grows.

  6. Hear this; most people who say robots are not profitable are wrong. The data, charts, ticks, market we trade are generated by computer programs developed by humans , what makes you think these codes cant work for trading when coded correctly. The world is always blinded by propaganda and the masses believe it always. They say robots fail because they were back-tested on historical data. Then on what do humans or manual traders do their back-test ? Is it future data ? See, the big boys have been using robots for decades to trade as 75% of the market move is being influenced by this. I have believed the robot lies all my life cos I have also tested some EAs and robots that kept failing but only recently I discovered the reason most of them failed, and its like nobody, and nobody wants to tell the masses the truth. Seeing what we can achieve with well made robots now is like miracles. 95% of info about trading is misleading.95% info on robot trading is misleading that's why 95% of traders (retail) fail. I have seen AI trading robot in action. its been trading for over a decade, and seriously, it scares me what the future will look like with the emergence of both physical and virtual robots in our daily lives. Trading robots of ML and AI will soon dominate the market and they will trade successfully, then the big boys will force brokers to make new limiting rules to hinder retail traders. IT WILL HAPPEN but I dont know when ! Thanks for the video anyway. You are just expressing your sincere thought I believe.

  7. This question is not appropriate IMO. It's not specific enough.
    The right questions would be:
    How much do we need to pay to get one that works?
    Are those who really work available to large public?
    If yes, how can we find one among so many available?
    Most of the transactions on the market are now supposed to be done by HFT robots in large firms and edge funds. Robots certainly work. But at what developpement cost?
    Simple robots based on only one strategy probably don't work. But if you make a team with 5 really good traders + 3 goods programmers working during 6 months, I can't beleive that such a robot cannot be done. The problem is that it will never be shared or might be sold only at a very high price.

  8. Sorry but I beg to differ for multiple reasons.
    First of all, there are people whose job is actually making trading robots for their hedge funds, investment banks and so on… So I don't think they will be paid to do worthless stuff.
    Another point is the fact that there are traders whose strategy is High Frequency Trading (HFT). It sounds impossible to me that they work with the only human activity. It is a matter of milliseconds maybe also microseconds and many of them need a very high speed broadband and install their robot(s) either on regular computers or on VPS very close to main brokers' servers!
    My last points is linked to the massive progress that have been made in Artificial Intelligence. We can see that in many aspects of current life such as face recognition, OCR, voice recognition, driving. Now I know that these topics present a minor aspects of probability but they are based on strong algorithms.
    On the other hand, obviously, making one's own robot is a very demanding task which needs to consider a huge series of aspects and scenarios to be efficient. It actually has no reason to fail more than a human mind if the human applies a specific strategy to the letter.
    The main trick is the fact we don't know what a robot made by someone else actually does.
    I am currently working on my own but it is all but an easy task. Having a little skills in c programming language gives a nice hand but does not solve everything. My guess is a robot should apply at least two strategies to compensate the weaknesses of one.
    A very delicate matter but very interesting as well!

  9. 3rd parties robots are NONSENSE. Then again…….automating your OWN strategy makes a massive difference. I trade indices, Forex, and metals. My strategy became too complex to execute manually, and I noticed missing many trades while sleeping. Built (8) algos; each for 1 instrument, 1 broker, 1 time frame, 1 pair of settings, and let them execute my trades. They do NOTHING else than automatically executing my (previously manual) trading strategy. They scale in, move stop losses, scale out, etc.My personal view is" if you cannot 100% automate your strategy; then you don't HAVE a strategy. Only the illusion"

  10. if it's a black box then it probably won't be that helpful. but if you can change it, then i don't think it's that different to defining a strategy and sticking to it. if a robot with perfect execution can't make a strategy work forever then i don't think a human can either. a human trader also has to decide when a strategy doesn't work anymore. i think the potential value of a robot is in only having to engage when you need to change your strategy. having said all that, it's really hard to create a successful strategy. much harder than i expected when i started, years ago making robots

  11. I always think that if something sounds to good to be true then it usualy is. Robots/EA sounds to good to be true so i dont believe in them at all. Nothing will beat trading done from a person.

  12. Certainly, if you're not interested to do the work and learn how to code then robots are not for you. As for changing market conditions, there are two ways to handle that: 1. reoptimization, 2. robot portfolios which lower the risk. Manual trading that you prefer is much more risky as it depends on psychology.

  13. I tried for years to create EA's that trade on their own – I back tested EA's with thousands of trades each, over years of data, and the best I achieved was break even. They would be profitable for months at a time, and then crash, pick up again, and then crash again. I never figured out how to get the EA to change strategy in the correct circumstances. E.g. I'm in a range market so the EA is a range robot – it keeps trading until the market has established a trend – by then it's too late. Change EA to trend bot and then the market flattens out and I'm still using a trend bot. I prefer day trading, so I now use the same EA's as alerts so I don't have to stare at the screen all day. I do my thing; MT4 pings my phone ! But I make the trading decision.

  14. Ever tried using a forex robot guys/girls? Tell us about your first-hand experience with EA's in the comments below!
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  15. I share your opinion. Tried to create tons of EA and test another ton but at the end the lack of adaptability of an EA is their doom. Nothing beats your brain yet in terms of reading the market and adapt to the ever changing environments.

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