Automatic Trading Robot (Software)
By frogzy
@frogzy (84)
India
July 4, 2011 2:06am CST
Today, we closer to a business model which automate everything with machines, computers and software. But automatic trading systems (robots) which used in forex and share market are still questionable.
I believe in human knowledge and I completely accept that it is always best than any machines/computers/software.
But Actually the automatic trading systems/robots are made from same human knowledge and experience earned from (forex/share) markets' history/movements. Yet some technical analysts/experts does not accept it. Why?
Why some peoples against them? A few may be scam, But how can we blame all products? Please note, I'm not an affiliate of any products, and never recommend any particular product/robot. I just want to explore and learn the truths behind the facts. And I'm asking you to be honest, do not advertise any products please.
No one best automatic trading system (robot)? If so, why we failed to create a REALLY best one?
I'm keep it short. You may be known more, or well experienced in this field. So please explain above, share your views, and explore other sides of automatic trading robots here.
1 person likes this
3 responses
@naija4real (1291)
•
5 Jul 11
I do not trade forex with software or robot. I was trained to trade manually by interpretting the direction of candle stick. I use meta4 trader. I do not understand the technicality of robot so I avoid it. So people who have use robot acknowledge that it is good while other sees it differently. I do not know who is saying the truth.
@scheng1 (24650)
• Singapore
4 Jul 11
Hi Frogzy, trading is an art, and based on instinct and knowledge.
While trading robot seems like a great deal, the fact is that humans are the ones making decisions to buy or sell.
The trading robot can give you a lot of indicators to buy or sell, but it cannot produce the instinct that all good traders have.
None of the billionaires use trading robots.
They prefer to base their decisions on their knowledge, and instinct, plus the knowledge of their advisors.
@frogzy (84)
• India
5 Jul 11
Thanks for your response!
We can't become a billionaire with robots, but (at least) a good wealthy man?
If we automate most of our works, we can be free, and can get a lot of free time to do another work/business, and we can enjoy our life without any stress! Is it not true?
@iwrite (5034)
• Singapore
4 Jul 11
I am not saying it is bad, usually there is a pattern to follow, however it is the big difference that the bot would not be able to recognize. That is why some of the bot fail so badly. when there is a big change.
