What's the best automated Forex trading software?

[Mr. Crabs]

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]

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.

 

[BeginnerJoe]

The best software is a system whose algorithm you know and have successfully backtested.

So Demo Pips > Real Pips ? I reckon it's syntax error.

 

[Billy Gates]

M4 Trading Platform - Real-Time Charting, Quotes, Automated Trading and Scanning for Stocks, Futures and Forex

Requires some programming skills though

 

[Billy Gates]

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]

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]

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/

 

[lke220]

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]

M4 Trading Platform - Real-Time Charting, Quotes, Automated Trading and Scanning for Stocks, Futures and Forex

Requires some programming skills though

I'm curious and by programming skills do you mean customization skills? I'm not familiar with binary etc.

Is this a direct access trading platform?

 

[Mr. Crabs]

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/

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]

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.

 

[Rich9800]

Zone Recovery Trading Algorithms

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.

I think you will find this of interest: Zone Recovery Trading Algorithms

https://www.youtube.com/watch?v=DJz4E7VyeSw&index=12&list=WL

ID:102403

 

[Jenny Fernandis]

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]

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

 

[NVP]

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

heres FAP turbo marketing machine in action ........

http://www.trade2win.com/boards/for...orse-trading-videos-awards-4.html#post1426318

 

[advisor]

EA Can trade a) Total Automated; b) support Manual Enters; c) Both
Last EA version include single pair and Multipair Indicator Enters from:
- Different TYPES of ORDERs: usual market and pending orders filter with lift for prices (pending odrers placing automaticly from current price at 5-15 pips (or any you whish distance) and do enters only if price make fast movement in pending orders way and touch it. If price go away from orders way - this pending order make another step to following the price). It will halp EA do not enter a lot of wrong enters in Trend. If price will go fast UP SELL STOP Pending orders will FOLLOW your price if there will be sygnal. If there will be no sygnals EA will delete current pending order and wait for new sygnal.
- List of Indicators that EA include: 1) DOUBLE TF PSAR; 2) DOUBLE TF MA; 3) DeMarker; 4) CCI; 5) 3 Types of BANDS (inside-, outside-, breakdown-channels ); 6) WATR (trinagle Multipair Hedge Enters !!! based at Formula XXX/YYY = XXX/AAA : YYY/AAA . Like EURGBP = EUR/JPY : GBP/JPY) ; 7) LRMA JUMP EA watch hystory and remember maximal Jump in pips from its own LRMA per some bars (50-5000 bars) at LRMA TF and remember its like 100%. After that EA compare current %% moment of LRMA Jump with 100% maximal from analysed Hystory per calculated period. For example EA loaded at m15 but parameters of LRMA can be setup separately at other TF like D1 or H4 no mether where EA loaded. Loaded TF EA will use for USE NEW BAR filter (only 1 order per 1 candle) and Pending Order Filter.
- Block of OverLap: EA remember Start Balance and + some %% to close ALL if there will be profit (Target Equity). If Current Balance > Start Balance and Current Equity < Target Equity EA will use that Additional Balance = Current Balance - Start Balance to Reduce Drawdawn and will kill some part of Opened Orders. It is call OverLap function

 

[JasonHAngel]

People buy too much, then have to sell it on ebay or put it "on the curb." Plus, electronics fail alarmingly fast, and have to be replaced.
All this failure and waste makes the economy run, but it makes individuals poor.

Now I use ANDY LANK CASH FLOW method , it's my favorite and make my extra income.