The Reasons Of Fails Of Trading Robots.
Let’s look at the reasons because of which it may be fails in the work of trading robots. The first thing that may be cited as the argument is that all advisers are tested on the history, and it means that nobody knows how it will behave in the future…
Was the author able to take into account all the nuances that may exist on the market?
Surely not, and this means that in any time it can happen a situation without foresight scenarios in the work of the adviser, and then we’ll have its incorrect work towards our deposit.
Most often, the author adjusts work of the adviser under the pre-existing history of quotations, sometimes even without using any rules, simply by choosing. And how well made this fitting, he does not even know.
But if we pay attention to the history, we did not find any same section of the graph of quotes, no matter how hard look, and so this problem is solved for some special cases.
However, a novice trader, when buying an adviser for him, often does not think about it, for him this acquisition – is a radical solution of financial problems, preferably forever.
And here again there is “the ghost of a strategy”, that even many newcomers do not want to listen to … trying to circumvent the awkward question using all sorts of ways for them.
In this case, as I think, it is necessary to systematize your work with an adviser or group of advisers, track failing advisers in time, load still working ones, put out of work no longer working, etc. I.e. here is also quite a large field of creativity, I unfortunately do not have such experience, if someone wants to share the experience – I will be happy.
Here I want to draw attention once again to the fact that you will not succeed for free- you’ll still need a lot to learn and think.
Another way of effective use of adviser – is the automation of decision-making on your own strategy.
In this case we have effectively working strategy with a clear for our algorithm of the work, which we have fully or partially implemented as a adviser.
In this case, we leave to some extent from the psychological problems associated with decision-making in the market and therefore our trade becomes effective.
But in this case we have full control over our trade at any time and we can make necessary corrections in the algorithm of the work – you are unlikely to get this with purchased adviser who is often given as a black box.
Finally, I want to note that money is not given to anybody simply, including on Forex, so if you want to earn money, it is necessary to part with the dream of freeloading and tune to a sufficiently serious and hard work.
There are 2 ways you can earn on currency exchange market.
You can study the basics of trading currencies on Forex with the help of a good forex book and do the forex trading yourself.
Alternatively, you can hire professional traders to manage your account and they will trade for you. Read more about forex investment.
November 1, 2010 | In: Investment