Trading robots that work - real or not?

[Tesla.Lee]

Are there real forex trading robots out there that work, I can buy? If so, which ones are good ones to look into?

Thanks in advance...

 

[trendie]

Imagine a situation whereby you discovered a very profitable system that you could easily automate.

What would you do:
a: keep it secret, and trade it like a bandit;
b: keep it secret, demo to a fund, and get some kind of big-figure price, and commissions / royalties;
c: make it available to every regular joe, for a "small" fee, and then have to answer every tedious email asking why it wont work / how to install it / how to change the bar colours / can I have a refund (after 4 days) / have someone copy it and sell it for a cheaper price?

Unfortunately, any good idea is likely to remain secret.
Anything not secret, requires a lot of learning, understanding, practice, followed by a moment of revelation.

Asking for a robot, almost by definition, is asking for instant profits without having to make any effort.

good luck anyway.

 

[mason_ritter]

I think that there are EAs that do work, but if you pick one test it and backtest it extensively before you commit to it.

 

[NVP]

Are there real forex trading robots out there that work, I can buy? If so, which ones are good ones to look into?

Thanks in advance...

yep....but they are not for sale .....and if they were believe me you cannot afford to buy them or indeed run them as they are intended to be used

 

[MORRIS2001]

Are there real forex trading robots out there that work, I can buy? If so, which ones are good ones to look into?

Thanks in advance...

Yes and No. Not a very helpful answer but the true one.

At the one end of the scale you have any old system that will work at a given moment of market conditions, just like any trader can hit a moment when their style of trading, however bad, is aligned with the market. While at the other end you have highly complex systems that operate in a manner that is simply not able to be maintained by a retail trader.

In the middle of that you have well thought out, static systems that work for longer periods of time but they key always lies in recognising that they will always fail at x point in the future when the market evolves away. The best systems work by analysing the market and taking a statistical view that the conditions today are sufficiently similar to a set of historical conditions and auto adjusting the algo to deliver signals on this. That's still too complex for a typical retail system.

The best approach from the retail aspect is to accept first that all systems fail but that this does not mean that at moments in time they cannot be highly profitable. The key being to know when to stop following the signals and to find a system of sufficient quality that the success period is a long enough duration to make it all viable.

It's no different from the best retail traders who understand and accept that there will be periods when the market doesn't suite their trading style and so they will ratchet down, change style or market or even stop their trading during these periods.

 

[Merk Porter]

We can’t actually deny the technological development and its blessings today. Even in the forex market, traders are now enjoying automated trading system with the help of various trading software, to many literature, we name it as robot trading. Few traders are now feeling reluctant to use robot trading system. But we must accept the truth that for timely and effective trade executions we can actually take the benefits of robot system of good and reliable brokers.

 

[Pat494]

We can’t actually deny the technological development and its blessings today. Even in the forex market, traders are now enjoying automated trading system with the help of various trading software, to many literature, we name it as robot trading. Few traders are now feeling reluctant to use robot trading system. But we must accept the truth that for timely and effective trade executions we can actually take the benefits of robot system of good and reliable brokers.

Why not name one ?

:|

 

[Pat494]

If there is a profitable robot system somewhere and the masses find out and buy into it in droves will it crash the markets ? Or will they be driven by the system until someone figures out the anti-dote ?

 

[hatemypips]

Yes and No. Not a very helpful answer but the true one.

At the one end of the scale you have any old system that will work at a given moment of market conditions, just like any trader can hit a moment when their style of trading, however bad, is aligned with the market. While at the other end you have highly complex systems that operate in a manner that is simply not able to be maintained by a retail trader.

In the middle of that you have well thought out, static systems that work for longer periods of time but they key always lies in recognising that they will always fail at x point in the future when the market evolves away. The best systems work by analysing the market and taking a statistical view that the conditions today are sufficiently similar to a set of historical conditions and auto adjusting the algo to deliver signals on this. That's still too complex for a typical retail system.

The best approach from the retail aspect is to accept first that all systems fail but that this does not mean that at moments in time they cannot be highly profitable. The key being to know when to stop following the signals and to find a system of sufficient quality that the success period is a long enough duration to make it all viable.

It's no different from the best retail traders who understand and accept that there will be periods when the market doesn't suite their trading style and so they will ratchet down, change style or market or even stop their trading during these periods.

Based on your comprehensive reply I assume that you've passed through all these stages? Or you try to stay aside from this algorithmic competition and trade manually?

 

[hatemypips]

Personally I can't suggest using robots, as its much better to manage trading process by yourself. All of the best traders use news and technical analysis, not robots. The only sound argument to use a robot is to develop your own money-making machine Very few traders are capable to do that by themselves, without a team of professional developers. Even those who have enough money to hire such a team admit they often fail to program certain strategies. Markets are constantly changing. No one will sell you a robot that is capable of laying golden eggs for ages. Even if you manage to buy a profitable robot there is no confidence that it will keep working lilke that much longer. So you need to decide on a certain acceptable level of drawdown for this robot when you will need to stop it. 30%, 40%, 50?? What part of your deposit are you ready to stake on the robot that you don't even know for sure how it works?

Yes you are right, independent retail traders are likely fail at developing successful robot, because requirements in expertise is too wide and can't be embraced by the team of one member.

 

[Pat494]

The only system as far as I can see is NOT to buy a static optimised robot. The parameters keep changing, therefore one would need a constantly changing robot to factor in the changes.