Automated Trading System - Is It Doable?
With the rapid development in trading world, these days you don't need to keep staring
at the monitor and bury yourself in the stack of charts printout to be succeeding as a trader. No, this isn't about ask a broker to manage your money; this is about automated trading system.If you have experienced forex trading or at least know about online trading, you must have heard about it. Basically, it will do the analysis for you, decide the hot market to enter, make entry and exit on its own. The process doesn't have to be fully automatic; you can set it so it asks for your permission first before enters a market or you can use the semi automatic like forex trading signals.
Is it really doable? Isn't the market movement is a mystery for everyone and no one can ever know where it is going? Well, it is the truth. But realize this: every trader that make a living from forex trading always has a system that bring him profits on regular basis without fail. No, it is not about an impossible system with 100% winning rates; a working system is a system that will gives you profit when you count your profit and loss trades at the end of the month.
So, is it possible to interpret this working system to a set of rules with various parameters so a robot can run it? Yes; when the robot programmer and the system maker working together, it is possible to create an automated trading system. The system will help you to avoid wasting time maintaining your trades where greed, anxiety, and fear can screw it up at the last moment. You must realize that even with a system that works, a common trader who can't control his emotion will lose to a robot in discipline field.
I'm sure you have a better picture about automated trading system; here are some of the benefits:
1. A robot is software without emotion or consideration, so it will execute the rules in the system 100% without fails. If your system works, you literally just sit back and wait the money roll in. In some product, the robot comes with the system which makes everything easier.
2. Working 24/5 for you on every market you choose. If you let it choose by itself, it will decide which market is hot and when to enter. At the same time, with a good algorithm, it will study various currency pairs and how to create the most profits from them.
3. Usually, a good system will backed up by money back guarantee policy for at least six weeks. The guarantee period is long enough for you to test the system in a demo account. If by the end of guarantee period it does not produce good result, you can always ask your money back.
4. You simply install it and leave it. Literally, it will do the work for you while you doing something else.
There are many robot creators who can make a good robot but always make a losing trades at the market. The key here is the system behind the robot; if it works, the robot just has to execute the plan and you already have a working automated trading system.
by: Matthew Johnson.