Markets are getting more and more automated and that is also true for Forex. For the small trader Forex is the El Dorado of algorithmic trading. The reason is of course the ever growing number of available Forex robots. And the reason for that is of course MetaTrader, this ubiquitous platform for outlining a trading algorithm and directly connecting it to a Forex broker. The reason for the ever growing number of Forex brokers in turn, is … you – the easy to milk cash cow.
Looking at the Forex phenomenon this way, it should be instantly clear that almost all Forex algos out there won’t work. There is another way to come to this heretic conclusion. The big players like banks in this market pay high salaries to their trading system development staff hoping that they will find some automatable advantage to exploit the market. With their size, capital, and other trading resources they are then able to leverage even a tiny trading edge and rake in millions, or more. The question here to ask for small Forex traders is of course, why should my little robot beat the big ones?
The answer to the Forex question is in our opinion that scalping is difficult and trend trading is easier, but successful trend trading is still hard to achieve for fully automated systems. At least in Forex… At this point the human trader, who is able to associate price behavior with news and the economic situation, has the real edge. At least he could have it. Also important is simply the dark mine field of trading psychology. Guess what a robot understands of psychology.
There is just a little problem. Not every human trader will make it in Forex. Or, to be a little less polite, you specifically won’t make it. This is of course a statistical assumption. If you think it is wrong, all right, skip this recommendation. But if you suspect there could be the tiniest grain of truth in it, do yourself a favor and visit the
There is someone with a remarkable system, albeit easy to execute on a first glance, but nonetheless effective. Still, trading in reality is much harder than in theory and that is why he is additionally offering access to his trading room with live alerts and insights.