Does anyone use predictive software to trade?
If so, what do you use?
What markets do you trade?
And more importantly how do you rate it?
Lets have a warts an all view please. With due regard to libel laws though. Wouldn't want anyone to get into trouble. But say it how you see it.
My own experiance is from trialing predictive software from f.i.r.s.t. for the futures and indices markets, and while it may suit some I found that it wasn't suited to my own particular trading style in that I was in and out with profits before the system would call a change. So it can be argued that you need a healthy 'bank' behind you to suffer any drawdowns. In other words I prefer a tighter control on the reins. Too many times has the market moved away from the price and not bothered coming back.
I don't believe there can be such a thing as intelligent software, though it is something we all seek simply because it takes the pain and the strain away from our own decisions.
How wonderful to have a programme running that takes the decisions for you and is never wrong. There are some gold plated claims out there. Yet with all the brilliant software, there is not one company that will offer you a cast iron pledge that if the software doesn't work they will give you your money back along with your losses that the software made for you.
If there was software that worked. Wouldn't the banks etc, be using it to make even more money?
Options
If so, what do you use?
What markets do you trade?
And more importantly how do you rate it?
Lets have a warts an all view please. With due regard to libel laws though. Wouldn't want anyone to get into trouble. But say it how you see it.
My own experiance is from trialing predictive software from f.i.r.s.t. for the futures and indices markets, and while it may suit some I found that it wasn't suited to my own particular trading style in that I was in and out with profits before the system would call a change. So it can be argued that you need a healthy 'bank' behind you to suffer any drawdowns. In other words I prefer a tighter control on the reins. Too many times has the market moved away from the price and not bothered coming back.
I don't believe there can be such a thing as intelligent software, though it is something we all seek simply because it takes the pain and the strain away from our own decisions.
How wonderful to have a programme running that takes the decisions for you and is never wrong. There are some gold plated claims out there. Yet with all the brilliant software, there is not one company that will offer you a cast iron pledge that if the software doesn't work they will give you your money back along with your losses that the software made for you.
If there was software that worked. Wouldn't the banks etc, be using it to make even more money?
Options
