I started out in forex hoping that one day I could quit my job, buy some robot on the internet, and just let the robot make money for me.
Unfortunately it simply doesn't work like that.
The grand majority of trading bots do not profitable in live trading - even commercial ones.
Most you will come across are overhyped, overmarketed programs written by amateurs who have only just learnt to write a robot. Some of these bots demo test OK, but in real live liquid trading, they fail.
The reason that people sell these EAs is simply because the robot doesn't work on live accounts and that there is more money to be made in selling a useless piece of junk to suckers than actually using that trading program to make a fortune with themselves (in which case they wouldn't need to sell you anything, and go through the hassle of doing so).
It stands to reason:- if anyone had a trading EA that turned $1000 into a million within a year (a holy grail trading bot), they would NOT be sharing it - for any price.
I'm not going to say that such a program is impossible to write - but I will say that if you ever get such a program, it will be because you wrote it yourself.
To sum up... if you want to trade with robots professionally, you WILL need to learn how to trade manually first, and then once you are successful at that, you will need to learn how to program your method -- possibly spending a good deal of time modifying your strategy and optimizing your code -- only then perhaps finding yourself changing strategies and rewriting things over from scratch.
In short.... there is NO easy road in this. There is no free lunch. This is not a get rich quick scheme. It is a lot of hard work, a lot of study, a lot of failure, and a lot of your time -- and THEN you will have to risk money behind your frankenstein creation. However, the rewards are there if you are persistant.
Last edited by Naynay; 10-25-2009 at 12:07 AM.
|