Jump to content

Why do most trading robots (EAS) fail?


Guest EA-trader

Recommended Posts

Guest EA-trader

Why do most trading robots fail?

 

To understand this take a look at youtube videos on factory robots,  robots in mercedes factory, robots  in bmw factory.Do a google search  as follows, click  and observe how many robots are used to make a car, then apply logic to market conditions for trading.There are twenty different markets conditions, for traders, to apply 20 different robots at the same time.Each market condition requires a robot coded, the robot can only do the specified function, in trading it means each robot operating in a specific market condition.Most amateurs apply one robot to do 20 functions in 20 different markets, when they need to apply 20 robots.

 

It is similar to a trader doing 20 markets at the same time,this leads to disaster.Robots can backtest and forward test any system, the theories and trading system /illusions/delusions of traders can be tested by robots.

 

https://www.google search

 

Here are logics of successful  versus failed robots.

A  profitable robot is made for different 20 market conditions using 20 magics and 20 different  signals  from same EA .Most amateurs try to use one robot for 20 market conditions,inplace of using 20 different robots.

 

99.9 % of forex robots designers/coders are not suitable for coding  profitable eas on mql5 site.The /ROBOTS are designed by amateur traders,learners, internet scammers and charlatans.

 

PROFESSIONAL TRADING LOGIC (SIGNALS AND TRADE MANAGEMENT) +PROFESSIONAL CODER=RESULT= PROFITABLE EA

 

AMATEUR TRADING LOGIC (SIGNALS AND TRADE MANAGEMENT) +AMATEUR CODER=AMATEUR learner failure=== UN= PROFITABLE EA /FAILED TRADER=FAILED EA

 

GARBAGETRADER IN + GARBAGE CODER = GARBAGE EA (SELL THE EA).Most eas are sold, not used by he developer.They fail.

 

They want one robot to do the task of 20 robots.If you see  video, you will see that one robot can not do everything, you can not design one EA (robot)for all market conditions.

 

It is virtually impossible task for the little man to design profitable robots, one has to experience and understand profitable trading The industry is the blind leading the blind.Those who failed write books,teach,coach,sell seminars,signals and generally breed the failures of tomorrow.Those who can do, those who can't teach,write books,sell  signals.coach, educate and sell maps of technical analysis..Those who can trade,trade!Those who know nought are gurus to the new failures of tomorrow.These people mislead ea developers.We have industry of >98 % failures, they don't know how to trade, never traded profitably, these failures made money from selling education via books, signals,educationalist courses,trading seminars,trading advice,selling eas,  pretending to be traders and stooges for bucket shops, they are  teaching how to trade profitably, when they don't know how.

 

Most amateurs use knowledge of fake gurus, have it coded into an EA, only to find the robot does not make money, only the  guru ran off with a $1,000  dollar trading course.The guru has disappeared, with a notice "all trading carries risk of loss".

 

Everything you learn't from book writers can also be back tested,to see if the book guru was a BS  merchant,before you put any money on his snake oil opinions.

 

How many other ways can robots help?Do you know of any other reasons why robots fail?

 

FAILED TRADER=TRADING GURU, teaches NEW TRADER = FAILED TRADER+ AMATEUR CODER= FAILURE OF ALL ROBOTS.

 

These fake gurus start brandishing opinions on Robots, putting other traders off, so traders waste more of time on the failed EAS, after realizing the fake guru wasted his time.

Link to comment
Guest EA-trader

Kodiak

 

EAS robots can not change, what they did in the past, unless broker platform creates a bug for the EA. As a result the EA performs differently.Good point.

 

They can not run out  of money,unless you programmed them to run out of money.In other words robots will only risk money according to parameters.Each robot will calculate the risk, it is preprogrammed with, before placing a trade.Usually my robots are programmed to sustain 10 losses in a row each.

Link to comment

 aka oilfxpro aka apadhani aka El Cid aka **** aka foroom lluzers, if you want people to try out your ea's don't forget you can post code by tapping on the 'insert code' icon, oh wait, you're trying to sell them via private messages here on the forum aren't you, I forgot.

Link to comment
Guest EA-trader

Nobody has been offered any eas for sale.there is no evidence of any body being offered any eas, the subjective discussion on 

WHY EAS ROBOTS FAIL, has been brought down to the level  of the  forum regulars.

Link to comment
Guest EA-trader

Here is evidence of the forum crowd willing to take money for programing work.The people who are not professional coders want trader's money,their records show amateurs  learners applying for coding jobs.The same applies to trading gurus,they want to your hard earned money, to sell a trading course,because  they can not make money from trading.

 

Good EAS are not sold by owners, as per the first post.The coding work may cost only $300 to $500 dollars for a decent EA, but the golden nuggets are the testing of EAS/robots and the logic, these can be priceless.A typical cost of making 1 robot is around $2,000, so why should anyone hand them for free on a forum?The true cost of 50 robots working together is around $100,000, the logic can be priceless, because these robots can earn 70 to !00 % a year ++++++.Goldman Sachs may offer $50m for them.

 

 

CODERS.jpg

Link to comment

 Ah yes, rechecking my PM's I see you were only willing to 'rent' out your ea's, not actually sell them, so that's completely different then.

I remember at the time words like snake oil salesman and charlatan sprung to mind, I wonder where they came from, someone on the forum must use them regularly but I can't think who.

Link to comment
Guest EA-trader

I call them Gurus/teachers, they should start selling EAS/robots, because there is no demand for price action courses, trend trading courses, psychology education,  technical analysis education, there is no longer any demand for gurus  who can't do, but teach.Traders can just search for all trading education for free on google search.

 

google searches for free education youtube

 

Robots are the new goods to market on the internet, after all those who fail at trading can get an income from selling robots.

Link to comment

A quick reminder of the terms of service. Please remember to

  • not post any personally identifiable information such as real names / emails etc
  • not push or peddle services or personal business. Moderators of this forum can see all posts, including personal messages, and if this ever happens to anyone else please make sure you report this. 
Link to comment
Guest EA-trader

Specsavers have a better solution, they are offering the blind , a special buy one get one free offer.I have no problem with my poor eyesight.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,219
    • Total Posts
      90,796
    • Total Members
      41,327
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    richardflexi
    Joined 02/02/23 05:08
  • Posts

    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: After gains on Wall St, where techs outperformed, and in Asia overnight, Europe expected to open higher. Last night the Dax climbed to a new 50wk high FX: USD loses ground after Fed… now comes the BoE and ECB rate decisions  Equities: META last night up 25% after cost cuts & share buyback. Earnings this morning SHEL BT DBK. This evening AAPL AMZN GOOG F. BP rises oil exposure away from renewables  Commods: Gold spiked to a new higher high last night after the Fed sent the USD down.  Oil down heavily at new 3wk lows         
    • Elliott Wave Analysis TradingLounge Daily Chart, 2 February 23, NEO/U.S.dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Diagonal Position: Wave 5 Direction Next higher Degrees: Sub-wave of Wave C Wave Cancel invalid Level: 5.96 NEO/U.S.dollar(NEOUSD) Trading Strategy: NEO has recovered well from the 5.96 level, but even so, the price is still below the MA200, which may still be under pressure from selling pressure. And there is a reversal chance in wave 2 and wait for an opportunity to join the trend again once wave 2 completes. NEO/U.S.dollar(NEOUSD) Technical Indicators: The price is below the MA200 indicating a downtrend. The wave oscillators above Zero-Line momentum are bullish. TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 2 February 23, NEO/U.S.dollar(NEOUSD) NEOUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Diagonal Position: Wave 5 Direction Next higher Degrees: Wave (1) of Motive Wave Cancel invalid Level: 5.96 NEO/U.S.dollar(NEOUSD) Trading Strategy: Neo Coin is in Impulse Wave structure, in an uptrend wave 5 is likely to end. Price is reversing in wave (2) larger degrees. Wait for wave (2) complete to rejoin the trend. NEO/U.S.dollar(NEOUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators above Zero-Line Bullish momentum.
    • Market Drivers in January 2023 Several factors contributed to the strong performance of US markets in January 2023. One of the key drivers was the continued rollout of COVID-19 vaccines, which boosted investor confidence and led to a reopening trade. The progress in vaccine distribution and declining number of daily cases of COVID-19 have paved the way for a return to normalcy and a resurgence in economic activity. Another factor that contributed to the market's strong finish was the passage of a new stimulus package by the Biden administration. The package, worth $1.9 trillion, includes direct payments to individuals, extended unemployment benefits, and aid to small businesses. This was seen as a positive development for the economy, as it would provide a much-needed boost to consumer spending and business activity. Key Sectors in January 2023 In January 2023, several key sectors contributed to the overall gains in the US markets. The technology sector was a standout performer, with companies like Apple, Microsoft, and Amazon seeing significant gains. This was due to the continued growth of e-commerce and remote work, which have become increasingly important during the pandemic. The healthcare sector also performed well, with pharmaceutical companies and vaccine makers seeing significant gains. This was in response to the progress made in the fight against COVID-19 and the continued growth of the biotechnology industry. The financial sector was another key contributor to the market's strong finish, with banks and insurance companies posting gains. This was due to the positive economic outlook and the expectation of higher interest rates in the coming months. Market Outlook for February 2023 and Beyond While the strong finish in January 2023 is a positive sign for the US markets, there are several factors that could impact the market's performance in the coming months. The biggest risks include the ongoing COVID-19 pandemic and the potential for rising inflation and interest rates. Despite these risks, the market outlook for February 2023 and beyond is generally positive. With the continued rollout of vaccines, the passage of a new stimulus package, and the progress made in the fight against COVID-19, investors are optimistic about the future. The technology sector, healthcare sector, and financial sector are all expected to continue performing well, and the overall market is expected to see steady growth in the coming months. Conclusion In conclusion, January 2023 saw US markets close out with gains, reflecting a bullish sentiment among investors. The key drivers of the market's strong performance included the continued rollout of COVID-19 vaccines, the passage of a new stimulus package, and strong performance in several key sectors, including technology, healthcare, and finance. While there are several risks to the market's performance in the coming months, the overall outlook remains positive and investors are optimistic about the future. Analyst Peter Mathers TradingLounge™ 
×
×
  • Create New...