Ummm, I don’t think it would happen in our lifetime.
Even with a Robot you need to stick to your strategy. I found that getting emotionally involved with the robot (that sounds weird) is what messes my trading. I’ve just had to launch and leave it. But definitely better results for me, Robots trades 24/5 and I can just check my account every morning, and get notified if there is a significant drop or increase.
Agreed never trust anyone but yourself
I am curious about what does work long term.
True, you can still turn them on or off…
Right! Every strategy will become obsolete during certain time, but at least humans can adapt to new market conditions, while robots can’t.
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.
I don’t think automated trading robot can survive in Forex because robots cannot adapt when the market changes its movement. There are good times to trade for the robot, but when the bad times come, they will still trade because they are programmed to do it. And only a human mind can think better than robots. So for me, manual trading is the best.
So just adapt the robot accordingly… Don’t throw them out of the window just because the strategy you put in to it doesn’t work forever… 
Or else you have to throw yourself out of the window as well, because the trader is the puppet master…
In my opinion EAs are to help you, but you need to help them to let them help you.
By the way, I think traders are the worst that can happen to a profitable system… They get nervous and stuff…
But I understand your point of view.
The answer is YES and No!
Yes, robot trading is applicable when it’s ranging. But it will kill you immediately during trending and economic data releasing days. Normally we will turn of the robot during trending.
I like both, manual trading and idea of automated trading as well. Nowadays, with those technology we have, we would be able to develop a real function robot, if we put heads together. IMO there is no reason to denouncing them just because you can’t believe that something like that can work. Today, there’s no problem to make robot, which can learn from its own mistakes and avoid them in the future, no problem to make him stop trading during some makro events and so on. I think, that forex robots will change our lives.
People were saying this 15 years ago. And 10 years ago. And 5 years ago (which is when this thread was started off, by a spammer who was banned ).
Do you know anyone who successfully makes a living from one?
(Neither do I.)
The reality is that it’s [B][U]far[/U][/B] easier to make a living by providing products and services to aspiring forex traders than it is by learning to trade successfully. And with ever-increasing generations of aspiring forex-traders being attracted into the market by ever-increasing promotions of bonuses and huge leverage by lightly regulated counterparty market-makers who can make a living from that constant and expanding turnover of newbies by pretending to be brokers, [I]that isn’t a reality that’s going to change any time soon[/I]. So there’s a [I]huge[/I] market for robots, comprising naive dream-chasers who don’t really understand what trading is about at all. And in another 5 years’ time, doubtless people will [I]still[/I] be saying that forex robots will change our lives, even though you and I [U]still[/U] won’t actually know anyone who successfully makes a living from one. And there are reasons for that, too! 
Just to put it into perspective, how many successful manual traders do you know? Probably not many either.
I know more successful automated traders, myself included, than I do manual traders.
What you have said is all true to a certain extent, but none of your arguments are exclusive to just automated trading.
I happen to know quite a few, because of my own previous background, but I take your very reasonable point perfectly well, and I agree that there are (in comparative terms) only few. :8:
Yes, fair enough … I accept this. I was probably unduly outspoken, to make my point. I know there are institutional (and even a very few independent) traders using varying degrees of automation, but this really isn’t what the thread’s about: it’s much more about the “naive dream” that retail traders are realistically likely to make a living by bypassing the years of education and screen-time stages, and just “buying an EA that simply works”. You and I both know that isn’t going to happen, for this forum’s readers.
Just because you’re not personally aware of many doesn’t mean they aren’t out there happily jogging along under the radar.
Truth is you have no idea at all what’s actually going on out there pal other than your own alleged limited view & exposure.
Not everyone flaps their jaws endlessly blowing hot air to all & sundry on internet blogs, amateur forums & twitter.
but i guess you have “clue”, speedy?
It’s somewhat naïve Bogdan to suggest there are few successful automated players out there simply because someone hasn’t personally come across or aren’t aware of many within the limited circles they allegedly inhabit.
In the bigger scheme of things no-one on this or any other forum knows who or how many automated players are operating successfully above or below the radar out there despite the implication of how well connected they apparently are.
As with most things bandied about in these places, it’s nothing but conjecture.
interesting point of view speedy. but i can not not notice,that you, did not answare my question.
its the tone that makes the music and your melodies reminds me of a monkey sitting on a piano eating a banana.
I dont believe in automated trading robot besides trading manually is a lot more fun.
Interesting old thread revived for whatever reason.
But from my research, isn’t 70+% of all transactions “robot” initiated. Indeed even the turtles concluded that people that were able to program and backtest their ideas had considerable advantages over manual traders.
So I don’t even understand why we have this debate. My hope is bots are here to stay, cause like it or not, the use of automated trading leaves “footprints” in price action. I can’t spot this price action, but I have a bot in development that can (hint hint Clark old friend - you up for a challenge).
Where the problem lies is, you say “bot” and the limited understanding of folks is “dim a dozen bots” for MT4 developed and sold by scummy marketers. This blinkered view limits the possibilities one can explore from their use. And considering as armchair speculators we have no rule book, why not take advantage of a tool that will give you an edge in the market.
i respect the bot trading. completely do.
i only dont believe there is actually someone, who did not invest millions in development, and is profitable with it.
forex traders like to forget what “beating the market” truly means. the average stock market makes an annuall surplus of 6-8% so if you want to beat the market you must do 8% or more. if you do 6-8% you are not “outrunning” the market.
my idea of these kinds of programs is that you let them run and you dont interact with the program or the market at all.
i know very well what it means to have something that creats money without any work.
my concerm is simply that there are no bots that can be attained by people outside of a multi million dollars company (unless a lot of money invested in the equivalemt of such s company) and ive been seeking for quite a while.
i have a friend who is doing exactly this. he is one out of a group of 7 people where everyone invested each around 100.000 in developing such a program in 2007. the programm run till 2012 and worked fine and stopped working profitable after 2012.
their conclution was a mere profit of 40% in 5 years. so that 8%a year. any index based fund or even unmanaged index basic funds (exchange traded funds)- made more surpluses from 2008 till 2012. they stopped it 2012 and invested in managed specialised funds and on average had 20% return annually.
in fact- if you took a list of the companies losted on the nasdaq or the dow in 2008 and blindly choosed one- no matter which one youd choosed (even the worst performer) you would still have done more from 2008 till 2012 than the 40% of that bot. in a bull market you only need to buy and hold. 2008 - 2012 was a bull market.
so just to see whats what im making a real offer here now:
here is my offer and i mean it serious.
show me your programmed bot that trades currencies and makes a annually surplus of 36% and i will push €200.000 in it and we share 50/50 the profits.
the reason why im so interested in this is that i dont trade currencies and never will. having a “slave” (rabot= russian word for work = robot equal worker slave / origin of concept of robots= russia) who is doing it without me putting any effort in it is a “perpetuum mobile” -or in english= a golden-eggs-laying duck. and id like to own a golden-eggs-laying duck.
anything less then 36% is just not worth it simply because a well managed fund makes more then 30% a year.
looking forward for anyones contact with proves of at least 36% annuall surplus-