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Do Automated Forex Trading Systems Works?
If They Do Generate A Net Win, Why Do The Owners Prefer To Do A Difficulty Job Of Selling Those Systems To The Public?
asked by ngureco 2 months ago
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ForexCashBack says
I personally had a very bad experience with a commercial automated trading system (Fap Turbo). I bought Fap Turbo back in January of 09, and a month later I was requesting my money back. I think the scalping part of the system might work in the long run, but I tried the "long term investment' strategy and that was SERIOUSLY FLAWED. My theory is that the people who develop those systems are not interested in making people money that use it; but rather making money by selling it. I have a feeling that the people who develop those commercial automated trading systems have probably never traded on the forex personally. You never hear successful traders selling their strategy to other traders. I think the best thing a person can do is trade on the forex manually. If you want to view my manual trades, go here: http://alexjbrandtfx.mt4stats.com I know the automated trading systems sound very appealing, but if your serious about trading and want to make money trading, you'll do it manually. I think that my stats prove that manually trading can be more profitable then any commercial system out there, and I didn't have to pay a penny to develop my own trading strategy, just had to use my brain!
But anyways, as a result of my experience with Fap Turbo, I decided to go and develop my own automated trading system. (mixed results) It would have a very nice string of winners, then a big losing trade would come along and wipe out all the profit. Thats when I decided to hang up the towel with automated trading systems. If you do want a commercial automated trading system, do not buy one. Rather, look for a privately developed system thats free. There are a fair amount out there, such as trading signals and some listed on forex forums such as
Also if you are interested in a cash rebate on all completed trades, visit my website here:
Theres a list of free trading signal (with stats), a trader sentiment indicator and other charts to help you trade the market. I hope this answers your question!
Midasfx says
ForexCashBack says it quite well. You risk lossing control with an automated bot trading for you. I have never been the one to buy these commercial products like Fap Turbo or whatever. I have always found the free ones on the web or in forums. After almost 1 year of tests with a few friends that trade stocks and forex we created a unique system that worked great. We threw alot of money into this bot we created. we all made crazy profits for weeks, and all 4 of us got a margin call and lost all of our money within 3 months of us starting it. now we tested this program in demo for 6 months before we went live. I'm not sure why this always happens but EA's and Bots trade great for a while then hit a brick wall and loose all the money. Trade your own account with a plan and you will be ok. Before I went live with my own money and my own strategy I have done atleast 20 demo accounts with different brokers and have used demo accounts for atleast 2-3 years now. Please take caution with trading real money. start with a micro account and grow bigger. see my demo results before i went live on my old blog. http://midasfx.blogspot.com/ please message me if you would like to know more.
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