A “day trading robot?” This sounded like science fiction to me when I first heard about it back in 2004. I would have never imagined that such a thing was possible (info request form to the right →).
First of all, I came from a school of thought that believed nothing could be programmed to trade the markets correctly. I strongly believed this and argued with anyone that crossed my path. “No automated day trading system can tackle the stock market; impossible!” or so I thought. I also asked myself, “How can a computer program successfully factor fear and greed [the emotions that move the market] into an equation designed to extract profits from the market itself?” Well…,
…it is possible. This has led to the proliferation of algorithmic trading – or trading using computer programs (algorithms) – and to the birth of innovative companies such as TradeBot Systems, one of the largest HFT (high-frequency trading) firms in the United States who regularly trade 5% of the entire US stock market volume.
Even though algorithmic or automated trading can be used on any financial market with enough liquidity or activity (including stocks and futures), I believe that the forex market is one that offers some of the greatest advantages for the implementation of automated systems or robots.
Please do not mistake this for “Forex Made Easy;” a software package introduced back in the days with red, yellow, and green signal lights (or any other similar “Holy-Grail” systems that leave much to be desired). A trading robot is an auto trade system that actually pulls the trigger (that is, executes the trades) by itself. These FX-based systems commonly known as Forex Robots or Bots.
When one of these was presented to me for the first time, it was difficult for me to accept the whole concept. I got to admit, I was pretty skeptical. If the explanation wouldn’t have come from a trusted trader, I wouldn’t have even listened to it. But after a while, I was sold. I know this might be difficult to believe, especially after I have provided an endless amount of information about how people can learn to day trade, how much I believe in day trading, how I have helped day traders in the past, etc., etc.
From that point on, I embarked on a journey to find good traders with automated systems to fund with my own money or offer to other investors. Throughout the course, I came across very good ones and many horrible ones.
There have been many challenges along the way, but it has been an invaluable lesson.
As a result, we are always working on new systems and very interesting and innovative projects related to automation.
If you want more information about this service, simply complete the short on this page to request a demo. After doing so, you will receive more information about Auto Trade and how to activate it on your real account.