The Trading Emperor
Newbie
- Messages
- 5
- Likes
- 0
I would buy one, but I'm just toooo sceptical.
B
Black Swan
check out the user experiences on babypips.com, not good. Also, even the basic google search throws up some very dark criticism, there's even paid for ads slagging it off ...ffs...it must be bad...
Jack Hughes
Established member
- Messages
- 623
- Likes
- 25
Pippy5000
Legendary member
- Messages
- 5,198
- Likes
- 113
Bots are created by marketing companies to prey on new traders. The general process of becoming a trader is to whine about how your "broker" i.e. the market maker you gave your money to is out to get you. Then once you realize how silly that is you move on to asking about bots. There always seems to be someone who knows someone who knows someone who is cleaning up using bots. The truth is that any major bank in the world would pay billions, not millions of dollars for a bot which could outtrade a talented human, or perform in a variety of different market conditions.
The web sites which list bots and post their results are useless as well. The best bots listed are the one successful variation of a "programmers" design , yet they generally fail to mention the 6 or 7 other bots the programmer designed which were running simultaneously and ended up wiping out. Remember that there are only two things you can do in Forex, buy or sell and one of them is right. It is entirely possible to stumble into success in the short term. You might get a bot to perform well for a short period of time, but they will ultimately wipe out as well.
A bot will never realize that Lehman Brother's collapsed and be able to come up with a strategy to deal with it, nor will they be able to tell when a politician's speech has concluded and the knee-jerk reaction in price action is about to reverse. Computers simply cannot compete with your human brain.
You are going to have to learn how to trade. There is no alternative.
The web sites which list bots and post their results are useless as well. The best bots listed are the one successful variation of a "programmers" design , yet they generally fail to mention the 6 or 7 other bots the programmer designed which were running simultaneously and ended up wiping out. Remember that there are only two things you can do in Forex, buy or sell and one of them is right. It is entirely possible to stumble into success in the short term. You might get a bot to perform well for a short period of time, but they will ultimately wipe out as well.
A bot will never realize that Lehman Brother's collapsed and be able to come up with a strategy to deal with it, nor will they be able to tell when a politician's speech has concluded and the knee-jerk reaction in price action is about to reverse. Computers simply cannot compete with your human brain.
You are going to have to learn how to trade. There is no alternative.
Pipsleader is the one for me.
really?, it won their 5th competition but it blew 2 accounts on this one. I prefer the Funnel which has been reaping profit since the start of this contest.
I
ifuel
the guys from 4xproject have added ivybot to their livetrading. However I agree with pippy5000. Learn to trade, rather than using bots...
£10kLoser
Established member
- Messages
- 648
- Likes
- 64
The Newbies aren't listening...
Funny how all these bot threads are full of Newbies.
Experienced developer/trader will write the code your trading strategy (robot, model) for your platform - MetaTrader, TradeStation and other.
For whatever market you trade - stocks, indices, currencies, commodity futures, o
Tired of clicking BUY/SELL buttons on your trading station ?
I will help to code your Expert Advisor, your strategy, to back-test your model.
Back testing your strategy for one historical feed - $10
Simple strategy/signal - $50
Converting your strategy from one language to another - $100
Code for Advanced strategy - $100
Check your trading strategy for consistency - from $100
Complete strategy (with volume/risk scaling) - from $200
Quantitative research with high volume data (using Matlab) - call for special quote
Performance analysis of your real/demo trades - from $100
10% discount for returning customers
I work with stocks, currencies (forex), indices, futures, options.
Scripts in Easy Language (EL), Meta Quotes Language (MQL), Visual Basic (VBA), Excel spreadsheets, Matlab
API/platform of your choice, including TradeStation, MetaTrader.
For whatever market you trade - stocks, indices, currencies, commodity futures, o
Tired of clicking BUY/SELL buttons on your trading station ?
I will help to code your Expert Advisor, your strategy, to back-test your model.
Back testing your strategy for one historical feed - $10
Simple strategy/signal - $50
Converting your strategy from one language to another - $100
Code for Advanced strategy - $100
Check your trading strategy for consistency - from $100
Complete strategy (with volume/risk scaling) - from $200
Quantitative research with high volume data (using Matlab) - call for special quote
Performance analysis of your real/demo trades - from $100
10% discount for returning customers
I work with stocks, currencies (forex), indices, futures, options.
Scripts in Easy Language (EL), Meta Quotes Language (MQL), Visual Basic (VBA), Excel spreadsheets, Matlab
API/platform of your choice, including TradeStation, MetaTrader.
Last edited by a moderator:
yeah, but that's not Real Money trading is Demo. That doesn't count much. I heard that * will be adding the IvyBot to their new contest this week.
Last edited by a moderator:
Hey guys,
I just took a look to *, and guees what they started trading the Ivybot in a real money account. It is doing ok, winning a few percentage points, but the one that is really riping it is Forex Phantom, do you know anything about this forex robots?
thanks in advance.
Thomas
I just took a look to *, and guees what they started trading the Ivybot in a real money account. It is doing ok, winning a few percentage points, but the one that is really riping it is Forex Phantom, do you know anything about this forex robots?
thanks in advance.
Thomas
Last edited by a moderator:
MarinaBracken
Newbie
- Messages
- 5
- Likes
- 0
Forex Robots
I downloaded the Ivybot demo, and I can't believe that this software is actually working to make great profit. It has made $500 within a day. I started with $5,000 demo and started out with maximum lots 2. Now I am pleased with my current software.
My Ivybot results:
$3,00 in the first 3 Days, $6,34 in 5 Days
this software has changed not only my forex trading career, but also my lifestyle.
I downloaded the Ivybot demo, and I can't believe that this software is actually working to make great profit. It has made $500 within a day. I started with $5,000 demo and started out with maximum lots 2. Now I am pleased with my current software.
My Ivybot results:
$3,00 in the first 3 Days, $6,34 in 5 Days
this software has changed not only my forex trading career, but also my lifestyle.
Re: Forex Robots
Yeah Marina, you're right. I bought it following its impressive gains at Real Money competition at * , and I'm using it right now at my Live Account and its doing well.
Nevertheless, I would recommend you not to promote any demo results you know that those aren't reliable, so you really shouldn't draw conclusions after just those.
Rgds
Yeah Marina, you're right. I bought it following its impressive gains at Real Money competition at * , and I'm using it right now at my Live Account and its doing well.
Nevertheless, I would recommend you not to promote any demo results you know that those aren't reliable, so you really shouldn't draw conclusions after just those.
Rgds
Last edited by a moderator:
