Tradency platform, Is it profitable?? | Forex Factory

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Tradency platform, Is it profitable??

  • #1
  • First Post: Oct 27, 2009 3:30am Oct 27, 2009 3:30am
Hi, All

I just stumble to a new platform that offers hundred ready-use robots(automated systems). Many brokers has this such as FXCM, Alpari, ODL and market this platform with different name such as forex automated system selector, systematic, or FATS etc.

I wonder if this platform with so many robots will make us profitable eventually?
I need inputs from the forum, is it profitable? or just make your account worsen?

thanks
  • #2
  • Oct 27, 2009 3:56pm Oct 27, 2009 3:56pm
Quoting Aristo
Hi, All

I just stumble to a new platform that offers hundred ready-use robots(automated systems). Many brokers has this such as FXCM, Alpari, ODL and market this platform with different name such as forex automated system selector, systematic, or FATS etc.

I wonder if this platform with so many robots will make us profitable eventually?
I need inputs from the forum, is it profitable? or just make your account worsen?

thanks

it's a good concept, but it's hard to verify the results. a guy i worked with got us in touch with them and we almost got some EA's that he made on it, but we ended up just not going with it because the majority of the EAs on the platform are just like the majority of the EAs on this site: utter crap. we found that it woouldnt be worth it for people to wade through hundreds of EAs to find ours. might as well just hand em out to people for free and get the exposure, you know?

so i say, if you are willing to lose a little money testing out each and every EA to find the ones you like, go for it. just expect a lot of tedium and your account to be nibbled away bit by bit until you finde the right EAs.
  • #3
  • Nov 5, 2009 9:02pm Nov 5, 2009 9:02pm
thanks for the response blacksun1
  • #4
  • Nov 8, 2009 1:20pm Nov 8, 2009 1:20pm
Quoting blacksun1
it's a good concept, but it's hard to verify the results. a guy i worked with got us in touch with them and we almost got some EA's that he made on it, but we ended up just not going with it because the majority of the EAs on the platform are just like the majority of the EAs on this site: utter crap. we found that it woouldnt be worth it for people to wade through hundreds of EAs to find ours. might as well just hand em out to people for free and get the exposure, you know?

so i say, if you are willing to lose a little money testing out each...
Wouldn't you just trial them on Demo first, anyway?

A friend directed me to them last week, still doing some research on them..
  • #5
  • Nov 8, 2009 3:31pm Nov 8, 2009 3:31pm
Quoting DubaiTrader
Wouldn't you just trial them on Demo first, anyway?

A friend directed me to them last week, still doing some research on them..
last time i looked, i didnt see a trial option. it was purchase and go. it might have changed now, i dont know.
  • #6
  • Nov 9, 2009 2:33am Nov 9, 2009 2:33am
Quoting blacksun1
last time i looked, i didnt see a trial option. it was purchase and go. it might have changed now, i dont know.
Ah right, didn't know that! Well that sure takes a leap of faith, as you say.

They need to introduce a table of results similar to Zulu but with better features.
  • #7
  • Nov 10, 2009 1:08am Nov 10, 2009 1:08am
yah,, we have to try all by opening a lot of demo accs since it is a web based platform, different from meta trader. We can install all of the robots into the demos.

But robots supposed to be make our life easier, instead we have to make our own research of about 600 or more robots in tradency to find the right one.

Is it worth it??
  • #8
  • Nov 16, 2009 7:22am Nov 16, 2009 7:22am
I must say, as far as I know, the demo was always available, otherwise they could never reach live clients. I have used their platform with Alpari, and managed to find some good systems, the problem is, you need to switch them from time to time. But they present the results of the systems in the platform.
And recently I found a forum that gives these systems reviews http://forexforums.dailyfx.com/fss/3...uctors-28.html
  • #9
  • Nov 16, 2009 8:36am Nov 16, 2009 8:36am
As far as I know, the demo is available for 30 days. anyway, I have an account on Alpari, and actually, I found some good systems, the problem is you need to switch them from time to time. Keep an eye. But the platform presents the past results, inside the platform, so you can see systems' profitability.
  • #10
  • Nov 17, 2009 4:17am Nov 17, 2009 4:17am
So, The platform is worth a shot.
  • #11
  • Nov 23, 2009 2:08am Nov 23, 2009 2:08am
A good tool to build the portfolio is the fss forum, which provides systems reviews and analysis
http://forexforums.dailyfx.com/fss/3...uctors-28.html
  • #12
  • Dec 16, 2009 5:02am Dec 16, 2009 5:02am
Quoting Peter Crage
A good tool to build the portfolio is the fss forum, which provides systems reviews and analysis
http://forexforums.dailyfx.com/fss/3...uctors-28.html

Thanks Man,
I've been reading the link, and I found out that it's not that simple to apply the FSS, you have to do some research and analyze it. It just like doing a trade manually, you know, we have to analyze the trend and so on.

So FSS doesn't show its simplicity after all.....
  • #13
  • Dec 20, 2009 6:40am Dec 20, 2009 6:40am
Quoting Aristo
Thanks Man,
I've been reading the link, and I found out that it's not that simple to apply the FSS, you have to do some research and analyze it. It just like doing a trade manually, you know, we have to analyze the trend and so on.

So FSS doesn't show its simplicity after all.....

I can understand what you're saying, and we have to remember we put our money there, thus a research has to be done no matter what. We have to test the systems and watch their performance before putting our thrust in them. The platform provides the tools to get the systems performance data, and by that and assistance from the fss forum we can find systems that do the work. And I would recommend after chosen to monitor them from time to time while running. Comparing to manual trading we don't need to chase the trend all the time, once the systems are there for us.
  • #14
  • May 14, 2010 9:41am May 14, 2010 9:41am
Quoting Peter Crage
I must say, as far as I know, the demo was always available, otherwise they could never reach live clients. I have used their platform with Alpari, and managed to find some good systems, the problem is, you need to switch them from time to time. But they present the results of the systems in the platform.
And recently I found a forum that gives these systems reviews http://forexforums.dailyfx.com/fss/3...uctors-28.html
Dear Peter,

Can you please share your portfolio with us? Please recomend few systems for automated system trading.

George
  • #15
  • May 15, 2010 11:34am May 15, 2010 11:34am
Quoting Aristo
Hi, All

I just stumble to a new platform that offers hundred ready-use robots(automated systems). Many brokers has this such as FXCM, Alpari, ODL and market this platform with different name such as forex automated system selector, systematic, or FATS etc.

I wonder if this platform with so many robots will make us profitable eventually?
I need inputs from the forum, is it profitable? or just make your account worsen?

thanks
Hi Aristo

I think they are pip catchers for the brokers at first,..., and I don't trust EA's since I have testet over 100 of then in reality.

EA...to keep a promise of win? Forget it!

Kindest regards

Forexcube
  • #16
  • Last Post: Jan 17, 2011 2:45am Jan 17, 2011 2:45am
Quoting Forexcube
Hi Aristo

I think they are pip catchers for the brokers at first,..., and I don't trust EA's since I have testet over 100 of then in reality.

EA...to keep a promise of win? Forget it!

Kindest regards

Forexcube
Hi Forexcube, I think that you may be right that they do get pips for every trade... But what I'm more interested in is to see some consistently profitable systems on their platform: it's true that there are >600 systems (and manual traders) on there, but who cares: I searched through them and I found a couple of good ones that I have in my live account: I like SystemsFX, Auto Euro-One and Getfromeurusd. Does anybody know some other stable systems (no large draw downs please)?
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