Automatic Trading

I began researching forex a couple of months ago. I have since learned a system that has worked pretty well for me (on demo accounts). I managed to almost double ($2,000 to $3,600) my demo account in a month in a half. I still make newbie mistakes because I am of course still a newbie. I do think I have a better feel for the market though and trading manually (demo still) has taught me a great deal.

However, I am going to go live next month and I will not be trading manually. I had never even heard of automatic trading until I read a couple of threads over at funnytec. I am now more than ever, completely convinced that automatic trading is the way to go for me. I have been demoing a number of extremely profitable scripts and am amazed by the results. If you want to see an example of the results, take a look at current results of the trading contest at :

http://www.interbankfx.com/june.htm

Everyone who is in the green (in the automatic trading section) is trading the script(s) I have been demoing, except for Fish ( I have no idea what he is using).

I'm not advertising anything, just letting people know that automatic trading is the real deal.

I wouldn't dare spend a dime on a signal service when I can setup a script to run and do all the work for me for free.

Also, once I go live I will still likely trade manually occasionally, only when the system I use is screaming open a position and the trend is extremely strong.

GLTA and happy trading.

Anyone else been successfull with automatic trading?

When AIP came out and gained popularity I setup a dedicated PC and opened an account at IBFX. I was planning early retirement and new cars with all the money AIP would make. LOL Then I learned that MT backtesting does not come close to live results as I am sure you know. I have tried a couple of scripts and even joined Autofx forum and saw the great progress being made there. But I could not (in the limited time I tried) get a script to be consistently profitable. I decided it would be better to invest my time in learning to trade rather than learning how to get a script to be profitable.

Point taken, however, there is live account data backing up many of the scripts nowadays. A friend of mine jumped in early and his account was up 14% for the month of May.

anyone have tried automated trading system? how was the result???

EA trading is only for people with a 24/7 power and internet connection, and spare funds to throw.

rest others keep out, for your own safety.