I tryed both variety of trading.
Thanks to my IT backgrount I made many trading robots together with indiors which I thought in and tryed to check
those robots every potential mix with these indiors. . And the consequence of testing with tick by tick data
wasn't good. I believe that guide trading have the biggest advantage on the market. I trade only manually.
Did come across a few threads asking for someone to come up with an EA on electronic forum..and of course, a number of answers popped up. But the question you want to ask is why, if these developers can program such a fantastic EA, they are staying off the Fx market. .
Ding ding, there is no holy grail. .
Hello,Originally Posted by ;
you stated quite right but I believe that the fault comes from users of EA
some of utilizing EA on low Balance.
A few of want maximum. Profit so tune it on High Risk. (likely it occurs because Forex market giving quite substantial yields )
I believe if user put EA parameter for medium and constant profit it'll better option for trading.
LOL I know..and FWIW, may never get tired of studying those sacred grail threads..let's face it, when the markets are slow since they're currently, during holiday season, we might as well binge on entertainment. .
Yes, newbies tend to get greedy but that is just what being a newbie is all about, but here's the nub, seasoned traders also have used EAs, simply to test the viability and of course, after a few months, they turned out to be a dud. .
Not saying all of the EAs out there'll wipe out your account, but most will..and those who may work, don't work that efficiently. .
We're the holy grail so. . .manual is the thing to do.
Do anything is working. If it ai not broke, well you understand. .
No automated system may conquer a trader with working understanding of this market, the way to exploit this, and an edge. I know traders who barely have losing months, and likely lose 10-20percent while their winning weeks may bring 80% and as high as 200 percent. Can you really do it? Not anytime soon, but it's possible and it's optional trading meaning you cannot design an EA about it.
And don't take for these unrealistic returns because these people have studied markets and trading for years. If you are committed and motivated enough, and have plenty of time in your hands you could get there.
I traded for about 7 decades, in the past couple of years I became a developer also: java and c largely.
Here is what I found so much:
A fully automated EA isn't going to work within the medium - long run.
Actually to make a fully autonomous profitable automated appliions (notice that I used automated appliions rather than EA) that you want to understand good math and programming. Physics is crucial.
But even then, you can't make certain you will have the ability to make something self-adaptable. If I remember right, even one of the most prestigious systematic mathematics driven hedge fund was feeding on their automated systems with some sort of discretionary info. The human mind is just too good at connecting different dots which a machine can not.
Personally I use my discretionary input as a alyst for the regime switching model. I am able to feel much faster when the market behavior
likely will alter than my algos can perform. (this is only me!) .
If you have any questions, feel free to ask
Hello.
I think it comes down to your personality/background, if your a Developer then the Transfer to automated trading might be alittle easier than Somebody with no programming Expertise, but both May be profitable if done correctly
Posting Permissions
Reply With Quote