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10-22-2009, 09:53 PM
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newbie have questions about robots
If i'm new to trading and don't know anything about trading, just now starting out, can i have a robot to do trades or i will still need to know information about trading, i know i will still need to get an understanding of how trading works but just need opinions. I see people in this forumn say they use robots.
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10-23-2009, 12:35 AM
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 Some of the robots out there target pips of 10 -15 however have stop losses quite large, maybe even 10 times the number of profit pips. Some of these robots will only place a trade or two a week!! Now if I even took one or two trades a week, I think I could do better. Yes it'll take some learning and time, but the results could be much better.
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10-24-2009, 02:52 PM
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10-25-2009, 01:04 AM
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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 01:07 AM.
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10-25-2009, 08:10 AM
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The best robot in the world is (drumroll please)..........yourself.
Find a good trade strategy, and learn to keep your emotions undercontrol, think about if you built a robot that turned €1000k into €1M would you sell it!  No of course not, nobody would. And if you did sell it, everyone would be using it and it would become ineffective.The only good robots out there are used by Central and Commercial banks, and you don't see them flogging them for €200 do you! Learn to trade for yourself, don't become dependant on someone or something to do it for you. Happy trading 
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10-25-2009, 08:54 PM
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The Quest
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But the quest will probably be more fun than the achievement, so we all have to be careful what we wish for.
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10-27-2009, 12:18 PM
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I think that you can safely expect to find a forex robot that delivers some profit almost every month, I'm talking about less than 20%. That my friends would be enough for all of us, if managed in the right way. A forex robot like that could be commercialized and in fact I believe that there are a few out there that can do this, the hard part is finding them. My best advice, as I said earlier on this topic, is to look for third party testing sites, like the forex-robots.com , that I like a lot as they use real money accounts. btw, any other sites I can take a look that do tests on Real Money Accounts? thx James
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10-27-2009, 03:35 PM
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EAs do it or not?
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paralotnik
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10-31-2009, 02:56 PM
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