How to make money from EAs (trading robots)

Nasabayan

Recruit
Messages
9
Algotrading is a really difficult thing to implement on practice. I mean that the whole idea sounds great but the reality is absolutely different from the theoretical concpet in our heads. Trading bots may give some misleading results especially in dmo trading. They may work perfectly well and bring awesome profits, however, when it comes about live trading, the situation can change dramatically. More than that, more often than not trading bots begin with great profits but with the passage of time something happens to them and they start bringing losses. It is not the fault of the robots, of course, it is connected with the fact that the market is constantly changing. That is why I really think that it is better to make the trading bots on your own in order to have the opportunity to modify them when it is needed, otherwise, your robots will fall behind the market and they are likely to blow your account.
 
Messages
287
Algotrading is a really difficult thing to implement on practice. I mean that the whole idea sounds great but the reality is absolutely different from the theoretical concpet in our heads. Trading bots may give some misleading results especially in dmo trading. They may work perfectly well and bring awesome profits, however, when it comes about live trading, the situation can change dramatically. More than that, more often than not trading bots begin with great profits but with the passage of time something happens to them and they start bringing losses. It is not the fault of the robots, of course, it is connected with the fact that the market is constantly changing. That is why I really think that it is better to make the trading bots on your own in order to have the opportunity to modify them when it is needed, otherwise, your robots will fall behind the market and they are likely to blow your account.

I agree too, the market moves from trending to consolidation and back to trending. The bot normally has larger stop losses if not no stop loss and this is a recipe for disaster
 

SimonMatthews

Recruit
Messages
11
Never had much success with EAs, I think it's best to learn for yourself in the first instance. That way once you get onto EAs you can understand how they work and troubleshoot any problems.
 

juan_01

Private
Messages
19
oh its real get money from eas. but it need ea works. so if you but it then with support from seller.
 

Profesor Pips

Recruit
Messages
15
Much has been said already, I would like to add my own three pesos.

Each type of trading requires user intervention, automatic, manual and hybrid.

Automatic trading is difficult. It requires patience, knowledge and the right tools.

Strategies lose profitability over time and this applies to all types of strategies, so diversification is a good option.

Market events can affect the operation of the EA, but by manually trading, you may also take a reverse position after the event is announced.

Regards Greg
 

AliForexTalks

Private, 1st Class
Messages
54
As a final note, an EA can make you profitable but there is no saying when this profitability will fall because the market conditions change way too often. It's a scam. A robot trading with that return would definitely not be for sale.
 

holycow

Master Sergeant
Messages
329
EAs are usually coded to follow the technical analysis so they might require proper monitoring when the markets are highly volatile so if you aren't any developer or coder they might double the trouble too. Those who willing to use EAs should go through their manuals thoroughly before applying them on their live account.
 

Naktilar

Recruit
Messages
6
That is really cool that you decided to build your own trading bot instead of buying a ready-made solution online. I feel that the most of people think that it is a good idea to buy some robots for trading at the websites which promise you wealth and success. Actually, you don't need to know mql if you want to make a trading bot for mt5 as you can easily use python to write the script. That is what I like mt5 for! Anyway, you are on the right way, I hope that your bots will not lose all of your money in the nearest future. Remember to use money and risk management and everything will be fine.
 
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