Traderobot or CMS auto-execution

FTSEBOY

Member
87 0
Hi there,
I've been researching (and currently trading a demo account with CMS Forex) the possiblility or using some kind of system that will automatically execute FOREX trades for about 9 different pairs based on certain arguments. Has anyone had any 'live' experience with either CMS-Forex or Traderobot and their relevant auto-execution facilities?
Cheers
FTSEBOY
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Newtron Bomb

Experienced member
1,602 87
Check out money tec there are a lot of ppl there who do or have tried the auto trade feature.

Alternatively try there bulletin board

Regards
NB
 

SvenFoster

Well-known member
250 10
I've tried the CMS Automated systems and to be blunt they don't work. The system trader lacks some of the functionallity required IMHO to make it useful or safe.

for example:
You can't setup stops or position size. If the connection goes, or the system is restarted then it currently has no idea if you have a position or not and so leads to all sorts of problems (I think they are working on some kind of work around for the next release)

If your system is a simple one and you plan to monitor it then this may not be an issue.

As for trader-bot I've read some where that it can now use CMS forex accounts so it may be a more robust solution short term.

just my 10pips worth,
Sven
 
 
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