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Anyone actually ever used an automated trading system long term and been profitable?

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  • Anyone actually ever used an automated trading system long term and been profitable?

    Anyone here actually ever used an automated trading system long term and been profitable?

  • #2
    When you build an automated system you are identifying a specific trading pattern that happens more than the noise. This pattern actually disappears as time goes on. It may come back in the future, but the time the pattern is not present is normally when systems start losing money and scrapped. So when you say long-term , probably not over the long haul. The best long term strategy is actually several strategies that are turned on/off as you "the observer" knows better.

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    • #3
      I was used a scalper EA shared on a forex forums. They say this EA was profitable. But after i tried in my real account, i was loss.

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      • #4
        Originally posted by ForexandCrypto View Post
        Anyone here actually ever used an automated trading system long term and been profitable?
        Yes.

        Originally posted by anna.semera View Post
        I was used a scalper EA shared on a forex forums. They say this EA was profitable. But after i tried in my real account, i was loss.
        You will not find a long term profitable EA for free. Even the EAs you pay for are mostly bad and will not make you money. I think you have to code it yourself or find someone who already has an EA and can trade for you.

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        • #5
          The best trading systems that works are the simplest one.

          For example here is one of the best strategy that works since 40 years! Only 3 very simple line!
          - wait 3 red daily candle on S&P500
          - Buy at open
          - TP=900 tick SL=700 tick (this may vary as close at the end of day, ecc..)

          S&P500.png

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          • #6
            Originally posted by finanzaonline View Post
            The best trading systems that works are the simplest one.

            For example here is one of the best strategy that works since 40 years! Only 3 very simple line!
            - wait 3 red daily candle on S&P500
            - Buy at open
            - TP=900 tick SL=700 tick (this may vary as close at the end of day, ecc..)

            S&P500.png
            So you finally gave up on SteadyCapture?

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            • #7
              Originally posted by HedgeBitcoin View Post
              When you build an automated system you are identifying a specific trading pattern that happens more than the noise. This pattern actually disappears as time goes on. It may come back in the future, but the time the pattern is not present is normally when systems start losing money and scrapped. So when you say long-term , probably not over the long haul. The best long term strategy is actually several strategies that are turned on/off as you "the observer" knows better.
              Yes, and this is called discretionary trading.
              That is why I believe manual, smart, discerning traders beat automated strategies every time, as long as they keep motivated and refuel when necessary.
              We are the ones that can learn. Once Artificial Intelligence knows how to truly learn... then we better look out. As Elon Musk says, this is something we don't want to mess with.
              And this deals with worldview and ethical issues and morality. we need to guard our life, our world, and our sanity. basically, don't be deceived in your earthly affairs, not even with FX trading.
              it's not a magic ATM machine. You gotta be diligent, measured, and smart.
              “Learn from your mistakes and do not give up!”

              Outside the Box - Myfxbook
              Outside the Box - SimpleTrader Trade Copying
              Outside the Box - MQL5 Trade Copying

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              • #8
                OutsideTheBoxHK Correct, AI is the future and still in its early stage. My brother works for an AI startup in Silicon Valley and what I can comprehend is that data is king, however it still comes down to a pattern cognition process of what the developer wants to accomplish. Therefore you must be a good analysis to make AI work with financial markets. BTW, forex is dead, you should trade crypto!

                Comment


                • #9
                  Originally posted by OutsideTheBoxHK View Post

                  Yes, and this is called discretionary trading.
                  It's not discretionary trading. It's a mechanical rule that professional traders use to pick up the best strategies.
                  For example I've made an algo that test all my strategies at the end of the month. It pick up only strategies taht in the last 3 months performed best than the average of the previous 9 months.
                  It's not a discretionary rule.
                  In this way I put in live for a month only the strategies that are performing better than average.

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                  • #10
                    Originally posted by IA4Forex View Post

                    It's not discretionary trading. It's a mechanical rule that professional traders use to pick up the best strategies.
                    For example I've made an algo that test all my strategies at the end of the month. It pick up only strategies taht in the last 3 months performed best than the average of the previous 9 months.
                    It's not a discretionary rule.
                    In this way I put in live for a month only the strategies that are performing better than average.

                    Right, therefore your strategy doesn't stay exactly the same over time. It is left up to your "DISCRETION" as a good trader.
                    This is the essence of my strategy too. It might slightly change given the market environment and specific factors present at each time.
                    “Learn from your mistakes and do not give up!”

                    Outside the Box - Myfxbook
                    Outside the Box - SimpleTrader Trade Copying
                    Outside the Box - MQL5 Trade Copying

                    Comment


                    • #11
                      Originally posted by finanzaonline View Post
                      The best trading systems that works are the simplest one.

                      For example here is one of the best strategy that works since 40 years! Only 3 very simple line!
                      - wait 3 red daily candle on S&P500
                      - Buy at open
                      - TP=900 tick SL=700 tick (this may vary as close at the end of day, ecc..)

                      S&P500.png
                      So this is what you trade?

                      Comment


                      • #12
                        Originally posted by ForexandCrypto View Post

                        So this is what you trade?
                        I see many people looking for complex algos while 2 very very simple rules work by 50 years. Just this. There are so few inefficiencies in the market but they work.
                        Don't you agree?

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                        • #13
                          Originally posted by finanzaonline View Post

                          I see many people looking for complex algos while 2 very very simple rules work by 50 years. Just this. There are so few inefficiencies in the market but they work.
                          Don't you agree?
                          This coming from a guy who defended SteadyCapture religiously... If you were so smart and are trying to give others investment advice, then why did you invest in the disaster called SteadyCapture? Again I ask you, how is that working out for you? ;-)

                          Comment


                          • #14
                            I have followed a few EA's on here and while some have been good they eventually failed. I am not saying that there are not good EA's on here, it is just that I have not found one that fails sometime or another. Thankfully I have had the smarts to bail on the strategy before losing all of my gains. I guess changing market conditions will warrant tweaking of EA's to meet current and future market conditions.

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                            • #15
                              Originally posted by dazz1975 View Post
                              I have followed a few EA's on here and while some have been good they eventually failed. I am not saying that there are not good EA's on here, it is just that I have not found one that fails sometime or another. Thankfully I have had the smarts to bail on the strategy before losing all of my gains. I guess changing market conditions will warrant tweaking of EA's to meet current and future market conditions.
                              There is not a single strategy that works forever and in every market conditions. The only way to be profitable in long term using intraday strategies is to have a decent portfolio of strategies based on different rules and trading different markets. Sooner or later every good strategy goes into a stagnation period. Months, years...it's normal.
                              On the other side in the same period a strategy that works on a different pattern will outperform in that period and viceversa.
                              So the only advice is to have a big portfolio of strategies not correlated each other.

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