What's the best automated Forex trading software?

Mr. Crabs

Established member
598 3
I found something called Shark 7.0 but I'm wondering if anyone here has experience with a similar automated program. I read that they can generally pull in 10X returns every quarter or better.
 

BobbyBB

Active member
176 8
I found something called Shark 7.0 but I'm wondering if anyone here has experience with a similar automated program. I read that they can generally pull in 10X returns every quarter or better.

So you want an automated program, set it and forget, then the money rolls in, 10x a quarter.

Sorry, but you might as well ask for the secret recipe to turn lead into Gold.

Having said that, you will find what you're looking for in the marketing of these sorts of crappy systems. The marketing will certainly tell you what you want to hear, but then after they have your money, you'll find that not only will the returns promised not materilaise, but you'll be generating losses after losses.
 

Billy Gates

Active member
161 14
He asked for a software for automated trading. MT4 is only suited for manual trading, as its automated features are more a joke.

Ninja Trader is the best software when you need both automated and manual trading.



Its not MT4. Take a look at th link and you will see.;)
 

Billy Gates

Active member
161 14
Ah, I see you're right. - I had not yet heard much of M4, what's its advantages?

For people with programming skills It would be great. They give you all the source code so you can modify the program to your individual requirements.

They say a few of the big boys use it, so it must have some credibility. It was too complicated for me so cannot share any real experiences. But if i could program, i would certainly take a look.
 

tedgregory

Newbie
6 0
I found something called Shark 7.0 but I'm wondering if anyone here has experience with a similar automated program. I read that they can generally pull in 10X returns every quarter or better.

First of all, there are Black boxes, Grey boxes (with some adjustment options) and fully fledged Algorithmic trading solutions.
Black boxes trade your strategy (or will you trust any public?), you should rely on your experience and some basic risk management.\
On the other hand, Full Algotrading platforms are quite expensive (recently stumbled upon $15k for some basic "etnarobot"). But you can design and backtest your strategy the best way.

As I get your question, You are trying to find any cheap/free robot with some inbuilt miracle strategy? Well, you shouldn't then... What's the broker? Datafeed? Will it pass clearing, settlement? And many more details are missed IMHO.
I think the best will be MT4 with some public algo modules to learn and play, then improve one or buy a custom plugin development.

Sorry if I misunderstood you/:cool:
 

lke220

Junior member
14 1
i use o use FAP turbo a while back but it still had to be tweaked on a weekly basis....i wouldn't suggest EA's or fxbots
 

Mr. Crabs

Established member
598 3
First of all, there are Black boxes, Grey boxes (with some adjustment options) and fully fledged Algorithmic trading solutions.
Black boxes trade your strategy (or will you trust any public?), you should rely on your experience and some basic risk management.\
On the other hand, Full Algotrading platforms are quite expensive (recently stumbled upon $15k for some basic "etnarobot"). But you can design and backtest your strategy the best way.

As I get your question, You are trying to find any cheap/free robot with some inbuilt miracle strategy? Well, you shouldn't then... What's the broker? Datafeed? Will it pass clearing, settlement? And many more details are missed IMHO.
I think the best will be MT4 with some public algo modules to learn and play, then improve one or buy a custom plugin development.

Sorry if I misunderstood you/:cool:

Looking for a fully automated algorithm that can be customized, but doesn't require being customized. Simply looking for the max gains, and would like to have oversight over the trades so I can choose to buy more lots if I feel especially confident in a trend.
 

InvestYourWay

Newbie
8 3
The best way to look at automated forex trading systems is to use a simple acid test. If the very, very best hedge funds in the world can just about hit 30-40% in a year consistently during the good times then how realistic is a system pumping out 100% per month or whichever claim is being made which can be bought online for a few hundred bucks. Now factor in that hedge funds and other advanced trading institutions have teams of PhD level quants building strategies around the clock and trading with super fast direct market access, not pedestrian level MT4 retail connections and the like.

I have built and continue to build a number of automated strategies and focus on achieving around 10% per annum at 1:1 leverage. Doing this requires running clusters of computers around the clock constantly re-tuning and re-analysing just to keep up. It also relies on highly specific statistical analysis software to be able to conduct the research necessary to achieve this.

Finding a strategy or system that works is not the hard bit, there are plenty of systems and methods on these very boards. The difficulty is configuring them to be consistent and to continually adapt them to keep up with the market. The other trick is not getting misled by short term results or backtests. Any truly successful strategy should be able to work through bull, bear and sideways markets. Sure they might not always make money but they should be minimising losses or going flat not completely falling apart, the latter being a sure sign of over fitting.
 

Jenny Fernandis

Newbie
1 0
If you want to need best automated forex trading software on that case without any hesitation you just go for our website tradeescort. It will provide you the best and reasonable price trading software.
 

NVP

Legendary member
37,549 1,995
I found something called Shark 7.0 but I'm wondering if anyone here has experience with a similar automated program. I read that they can generally pull in 10X returns every quarter or better.

none out there that we mere mortals can afford :p
 
 
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