A “day trading robot?” This sounded like science fiction to me when I first heard about it. 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 companies such as TradeBot Systems, Inc., who trade 5% of the entire NASDAQ volume (based on some estimates).
Even though algorithmic or automated day 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 day trading robots.
Please do not mistake this for “Forex Made Easy;” a software package with red, yellow, and green signal lights. A day trading robot is an automated day trading system that actually pulls the trigger (that is, executes the trades) by itself. These forex-based automated systems commonly known as Forex Robots or FX Bots.
When a forex trading robot 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. 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 how 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 or robots to offer my clients. 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 day trading bots and [recently] some very interesting and innovative projects.
If you want more information about the day trading robot, click here to complete this form.