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Trading Robots

  • #1
  • First Post: Dec 11, 2009 10:53pm Dec 11, 2009 10:53pm
Hi everyone,

I'm starting this thread to find out for me and for others who may be interested as well if anyone out there has ever used an automated trading robot and if so what has been your success rate with it ? Hope to hear from you all soon and any feedback is welcome. Thanks.
  • #2
  • Dec 11, 2009 11:10pm Dec 11, 2009 11:10pm
I use one I created that does not run on MT4, it runs as a stand alone windows app. It runs about 76% accurate and I use it mainly for it's consistent income. I still manual trade just for the fun and challenge of it. The software has been running for about 18 months now.

It does a really good job of cutting losses quickly and letting winners run.
  • #3
  • Dec 11, 2009 11:30pm Dec 11, 2009 11:30pm
Quoting magnumfreak
I use one I created that does not run on MT4, it runs as a stand alone windows app. It runs about 76% accurate and I use it mainly for it's consistent income. I still manual trade just for the fun and challenge of it. The software has been running for about 18 months now.

It does a really good job of cutting losses quickly and letting winners run.
Hi magnumfreak, thanks for your post..care to share what is the program your using ? ie: is it based on charts ? or something else ?
  • #4
  • Dec 12, 2009 6:13pm Dec 12, 2009 6:13pm
Anyone else ?
  • #5
  • Dec 12, 2009 8:57pm Dec 12, 2009 8:57pm
i've using several of robots. I think the robot is good enough coz it has discipline in trading. it took advantage from human emotion

nonetheless, our decision to make a hit is the key so far.
with bad decision, the robots cudnt do anything

so, i still use my own method and let the robot take care for the trailing stop.
Guide me please
  • #6
  • Dec 12, 2009 9:38pm Dec 12, 2009 9:38pm
Quoting Daytrader74
Hi everyone,

I'm starting this thread to find out for me and for others who may be interested as well if anyone out there has ever used an automated trading robot and if so what has been your success rate with it ? Hope to hear from you all soon and any feedback is welcome. Thanks.

One of my trading buddies asked me to give me an opinion the other day on a monthly P&L on a MT4 demo account that had been running a robot. Clear as day it was a scalper as it had many trades, with lots of small profits but quite a few BIG losses as well. Turns out is was "Fapturbo" (do I have the name right?) For the month of November he had about 70% win ratio (pretty good huh?), but loosing trades were approx 3-10 times the pips of the winners, hence why it was loosing money overall (not so good after all!).. just one month though so no "opinion" shared from me here, other than the fact that I would never buy a retail robot... and the below thread gives more detail on why..

http://www.forexfactory.com/showthread.php?t=210349
  • #7
  • Dec 16, 2009 4:52am Dec 16, 2009 4:52am
Quoting adie1976
i've using several of robots. I think the robot is good enough coz it has discipline in trading. it took advantage from human emotion

nonetheless, our decision to make a hit is the key so far.
with bad decision, the robots cudnt do anything

so, i still use my own method and let the robot take care for the trailing stop.
Hi adie1976,
Which Robots do you use and how would you rate them?
  • #8
  • Dec 16, 2009 4:53am Dec 16, 2009 4:53am
Quoting Hedginghog
One of my trading buddies asked me to give me an opinion the other day on a monthly P&L on a MT4 demo account that had been running a robot. Clear as day it was a scalper as it had many trades, with lots of small profits but quite a few BIG losses as well. Turns out is was "Fapturbo" (do I have the name right?) For the month of November he had about 70% win ratio (pretty good huh?), but loosing trades were approx 3-10 times the pips of the winners, hence why it was loosing money overall (not so good after all!).. just one month though so no "opinion"...
Thanks for your interesting post Hedginghog
  • #9
  • Dec 16, 2009 5:05am Dec 16, 2009 5:05am
Try using the FSS platform or zulutrade or tradency platform that provide many automated trading signals.
  • #10
  • Dec 16, 2009 3:30pm Dec 16, 2009 3:30pm
A point of interest for future robot hunters. If you go to the Forex Robot World Cup website, there is a competition in progress right now. They are testing the top 24 robots with live trading accounts. One cool thing is that the starting capital in the account is only$1,000. This is important because some systems need a larger balance to be able to handle large drawdowns. Not all of us have huge account balances.
This competition is for noncommercial robots. Robots that are newly developed and tested but not yet sold to the public. There is one robot that is absolutely kicking ass so far. I'll be watching with great interest for final results and to see if it will be sold to the public at a reasonable price.
The name of the robot is "LMD Multicurrency" and it is on a tear. Over 75% return in less than 2 weeks if I remember correctly.
Check it out. I'll post results in this thread when the competition is over.
  • #11
  • Dec 17, 2009 8:57am Dec 17, 2009 8:57am
I have tried several commercial eas. The only one that i still use is Megadroid. It will have a strong hit rate but like fapturbo, its losses are bigger than winners but this is by design. it sets a big stoploss and small tp. typical tp is 10 and sl is around 35 or more. but a run of 15 to 20 winners in a row is typical. i have had a 40% equity increase this year from this ea alone. other eas have not performed even close. there website claims some crazy 1000 something % increase in equity this year. This is not even close to true. they are using on demo account and demo will not trade the same as live!! but even though there website is very misleading about results, my results have been good. 40% a year is pretty dang good if you ask me. so i just let this run while honing my manual skills
  • #12
  • Dec 21, 2009 9:27pm Dec 21, 2009 9:27pm
Quoting ssw357
A point of interest for future robot hunters. If you go to the Forex Robot World Cup website, there is a competition in progress right now. They are testing the top 24 robots with live trading accounts. One cool thing is that the starting capital in the account is only$1,000. This is important because some systems need a larger balance to be able to handle large drawdowns....
Hey ssw357, thanks for your contribution to the thread and indeed a very interesting website and Robot thats kicking ass on that site!! I'll be watching very closely as well.
  • #13
  • Dec 21, 2009 9:27pm Dec 21, 2009 9:27pm
Quoting jtmoore007
I have tried several commercial eas....
Wow 40% isnt bad at all! well done.
  • #14
  • Dec 21, 2009 9:28pm Dec 21, 2009 9:28pm
Quoting Aristo
Try using the FSS platform or zulutrade or tradency platform that provide many automated trading signals.
Hi Aristo,
Where can I get that platform from?
  • #15
  • Jan 21, 2010 5:00pm Jan 21, 2010 5:00pm
Quoting magnumfreak
I use one I created that does not run on MT4, it runs as a stand alone windows app. It runs about 76% accurate and I use it mainly for it's consistent income. I still manual trade just for the fun and challenge of it. The software has been running for about 18 months now.

It does a really good job of cutting losses quickly and letting winners run.
I came to this thread looking for feedback on Megadroid and spotted this comment. That is the kind of approach that gives me the most comfort. Well done Magnum.

As far as my opinion of Megadroid - 3.5:1 risk to reward just doesn't cut it for me. Better though than some I seen with 8:1 or 10:1
  • #16
  • Mar 1, 2010 11:02pm Mar 1, 2010 11:02pm
Hi Daytrader74,
I’ve used a number of robots, but what I found was that a new robot comes out today and the broker or his machine learns how to beat it tomorrow and from then on the robot is a waste of time.

I have made more $s manually, than using any robots.

But if you are still interested go to this forum, it has been specially set-up for testing robots.

http://www.donnaforex.com/forum/index.php

In her weekly newsletter she lists the robots she is testing and how much profit or loss.

Peter-FX
  • #17
  • Aug 7, 2010 9:26am Aug 7, 2010 9:26am
I've been using a bot called the hedgemaster for about the last 2 yrs. With a little experimentation to the input properties, it has been a little mini goldmine as it has an exceptionally high positive trading average. I'm running a micro with about $1900 and 0.1 lots. I would like to hear from anyone else using this bot and what their success rate has been with it. It can be used on either micro or regular accounts and with pretty well any pair.
Doc
  • #18
  • Last Post: Jun 4, 2012 7:46am Jun 4, 2012 7:46am
does anyone got experience for Ilan Trio v 1.45? seems like very good EA.
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