Simple trading tools changed my life

MxolisiKhumalo

Newbie
3 0
Hi I am a Forex trader with over 5 years experience specializing in quality indicators and automated trading systems

Need help with getting consistent in your trading, message me 😊 the simplest trading tools have changed my life forever.
 
Last edited by a moderator:

MxolisiKhumalo

Newbie
3 0
Ok, @Sharky I understand now thanks. I'm a new member, I'll have a look at the vendor policy and I'll be in touch if I need any clarification. Thanks again @Sharky
 

Runepick

Newbie
1 0
Personally, I don't trust automated-trading systems. It has too many disadvantages, as far as I'm concerned. For example the most common ones:
-Monitoring. Due to mechanical failures, there is a need to monitor automated systems. Although it would be great to turn on the computer and leave it for a day, automated systems need to be monitored because of the possibility of mechanical failures such as connection problems, power loss, computer malfunctions, or system fads. Anomalies can occur in automated trading systems that can potentially lead to unintentional, missing or repetitive orders. If the system is monitored, these events can be detected and a solution can be found quickly.
-Excessive optimization. And while this doesn't apply to automated trading systems, traders who use back-testing methods can create systems that look good on paper but work horribly in the real market. "Excessive optimization" refers to excessive drawing of a curve by points on a trading chart, which creates a trading plan that is unreliable in the real market. Some traders mistakenly believe that profitable trading plans should give almost 100% of profitable trades and should never have losses. Thus, these very traders can apply excessive optimization to create a "close to perfect" plan, which, however, fails as soon as it is applied in the real market conditions.
So I don't really trust automated trading for these and other reasons. I'm sorry for writing so much, I just thought it might be useful information for some.
 

Kevin FD

Member
57 6
Hi I am a Forex trader with over 5 years experience specializing in quality indicators and automated trading systems

Need help with getting consistent in your trading, message me 😊 the simplest trading tools have changed my life forever.
its a most knowledgable forum you have joined , so just keep relax and go ahead , so many experts are available who are very friendly to solve any problems. happy trading.
 
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