Does Automated Forex Trading EVER REALLY WORK?

please dont lead me on.

You mean to the promise land? :rofl:

no, i dont want to talk bitcoin.

thanks for asking.

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its work
but not as a free tools that we leave for sleep

Re-Optimized everymoment, even before our montecarlo analysis hit its worst case

i re optimize my EA every weekend, with all data time frame

Interesting. I run my optimizations against 15yrs+ of tick data and it takes weeks. Of course it all depends on how many parameters you’re running. Are you doing this in MT4 or something else?

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2 sets PC with Each : 6 paralalel MT4, with 1 terabyte drive D inside, for HST, FXT data

And my pc never rest, unless windows forced it to updated.

i used to re-optimized the pair whenevere it had big DD in live trade or Hit stoploss.

Geez, i’ve focus on this since the early covid come, but everything paid off

indeed, one pair one weeks,

sometimes with generic optimization i did 3 weeks for one pair for starting,
having Profit factor above 2,

i reoptimized back, untill it had PF almost 3:100:

You can fix that in policy. Start > Run gpedit.msc
Computer Configuration > Administrative Templates > Windows Components > Windows Update > Configure Automatic Updates
Set that to 2 - Notify for Download and Auto-Install
That should prevent Windows from rebooting you every time it feels like it.

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yeayy!!! thanks man!!!

bless you!!

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Yes, they work very well how they are programmed to do, but not beyond that. The market volatility is unpredictable; therefore, traders should use EAs carefully, and rely more on manual trading.

They do work, but not 100%. It’s difficult for EAs to deal with unprecedented market situations. Completely relying on automated trading is not a wise move. In order to make money, you need to analyse the market decisively and make the right decisions.

Please what is the name of the robot and broker you are using?

The biggest mistake traders make is believing that by automating their strategies they can freely sit back and see the money flowing into their accounts. Automated trading also requires continuous monitoring. Some system quirks and other issues can create problems if they are not checked at the right time. Continuous monitoring also helps a trader to realise when the system has stopped working efficiently and he needs to look for another EA.

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I have just started my own “bot” so I will let you know. I believe @mindihilton is right so not only have I written my own bot (in C#) but also a back tester and reporting system. My bot allows for different strategies based on the currency pair and my reporting system breaks down the trades per currency pair so I can look for poor performing pairs, run backtesting and then update the strategy. I am using the 15 minute candles and all currency pairs available to me so we will see how it goes. I am guessing that I will not know much for about 6 months (unless it tanks the demo account). It only allows 3 open trades at any time and any currency used in an open trade is not available to be used in another trade. So if it is has an open trade on AUD/NZD then it will not open any trades on any currencies with AUD or NZD in them.

I can say with certainty that they work and are very successful…
But you have to figure it out for yourself, and believe me, it’s not as hard as it seems at first. Especially now there is a large number of training videos…
When buying ready-made trading robots, you have to remember about free cheese and where they usually put it…

No one is going to sell trading robots that work and, most importantly, make money all the time. So there is no point in buying them in the hope of making money: nobody will sell you a money-printing machine. And why should you share your ability to produce cash with someone else “for 2 cents”? Moreover, if such a robot were to spread, the ability to produce cash would decrease drastically.

However, if you are an expert in trading, automated systems can be quite useful for you, because they take care of a lot of routine. Such robots are not completely finished - you will need to customize them and set your own parameters or to add your own parameters.

There’s someone on this forum using an EA and it’s making around 120% per annum, I’ve seen the results on MyFxBook so it is legit.

I doubt they work consistently over a very long time frame, but that doesn’t really matter as long as you take the profit out fairly regularly.

I have a gold scalper I wrote using AI and it is profitable when back testing it over several years, not put real money into that yet though!

Automating a strategy depending on the logic can be expensive and requires a lot vigorous stability testing including when to switch your algo off.

There are many well automated strategies but they are all black boxes and no one will share them or sell them. You’ll just put them in the market to make money for you and your assets under management and retire on a beach somewhere.

The reality is 99% of marketed automation is fake or poorly designed strategies with more emphasis on the automation. In the professional black boxes get built all the time don’t make money. So in my opinion unless you have a strategy that is worth automating then don’t bother.

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Hi @skulkrinbait and @emeraldorc,

I just want to share, not intention to sell anything here. :sweat_smile:

I takes time to build a good trading system. It won’t be single strategy, but many in one actually. I met one who sold them to wealthy person. They were contract based. The system itself was free, but you needed to pay maintenance and also sharing profit. There was min amount, at least 80k to run the system.

About the system itself, we have to maintain the EA, update the parameter periodically to make it working. I never see a system can sustain for 3 years without adjustment. I always say, market is dynamic. There is no strategy can work without adjustment. Even AI, can’t adapt to market dynamic by itself, at least, I still don’t know how to create a math model that work to all scenario. It’s close to Theory of Everything by Stephen Hawking. :sweat_smile:

My system has been working for long, but it has been through many adjustment. Even now, I’m adjusting it periodically. Again, I’m not promoting for selling it. I won’t sell it, only me can manage it.

For me, having a trading bot is really helpful. It helps us trading anytime. To have this kind of system, it’s better to build them by self. Dont rely on others. We need to invest our self, by learning how to code and develop the system. It won’t be easy job. I took me 2 years to find a good system.

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Good article you wrote. Do you use any good bots on ctrader?

Hi Archangel,

Sorry, I don’t trade on cpanel.

Still love MT 4 and 5.

funny, I’ve stopped using the EA I used back then, and now use just my own code, with all security features I’ve learnt I can’t trade without and seeing years on the market.

But the principles on my previous post are all still very relevant.