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Systems and auto-trading
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Old 12-09-2007, 08:17 PM
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Default Systems and auto-trading

Dear oilfxpro,

I dont want to be misunderstood, there are some good EA's (was that EA your creation?) however, I truly believe that any EA created up to this date sooner or later failed and needed more programming in order to be updated. I believe with future AI development computers will be able to do trades more successfully and learn with mistakes (any of you tried advacast? I am curious about it). But, we cannot forget that the market is primarly bio-impulsed by us humans. So, sooner or later the technical abilities of any EA will be obsolete and losses will come unless human hand is put into work. So, ultimately, you will always have work to do. Once again I dont see any reason why I should retract my statement. I use an EA made by me, but it only trades with manual confirmation and the efficiency of the EA without manual confirmation is 5 times lower (still profitable, though). The bottom line is if you want to be safe in this market, you have to supervise, upgrade and maintain a continuous development of the code. Any EA can be really good for a certain and definite period of time. Last, I need to pay my deep respect to the creator of this EA, because it is indeed good. My question is: until when?

Regards,

Elektrance
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