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Thread: Disadvantages of automated trading system

  1. #71
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    We make not occupation next to all as we are very languid. We fully depend on swift made job. When we are untaken to trade we depend of automated trading which is very chief and tone to hit of making money. But we will hold so facilities and grow to be very languid and don't need to occupation next to all.

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  3. #72
    duuuunni
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    There are lots of disadvantages in automated trading system. Ranging from loss of account, scam, Slow down of System etc. Scam is the most common of all in automated trading system. This is because there is not governing body for dat. Lots of pple have fallen victim to such scams

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    Everything have some advantage and disadvantage just like all other business automatic trading work on some planned rules so these rules does,t work every time fine it give us sometime loss and sometime profit so we should always need to be careful to make good money from this market.

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    Quote Originally Posted by Nasatube View Post
    Everything have some advantage and disadvantage just like all other business automatic trading work on some planned rules so these rules does,t work every time fine it give us sometime loss and sometime profit so we should always need to be careful to make good money from this market.
    To be honest, I did not find any disadvantages in virtual take. Nevertheless, I can assume that if you work with an adviser in such a way as to turn it on in the morning and turn it off at night, as many people do, this can have a significant impact on the result. On the UPU, which plows around the clock, the virtual take does not interfere much.
    I'd rather turn off my trading panel nafig, maybe I'd start testing faster.

    Pi. Es. And what kind of adviser do you use?

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    Dear there are many disadvantages of Auto Trading because these are nothing but just mathematical calculation these Auto Trading Software have nothing to do with the market sentiments and the market fundamental analysis due to this reason you can loss all of your capital

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    There are many disadvantage a automatic system have over manual system. this system does not think about forex market and work according to the instruction expert provide this system. this is very danger when market does not care trend of the forex market.

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    Automated Trading System, sometimes also known as algorithmic trading are a popular way of doing trading in the market. The way it works is by coding the rules and conditions of trading strategies into a program. This program will then carry out trades like any usual manual trader would do. Actions such as placing and closing trades are automated with no need for constant user input. There are different disadvantages to using automated trading systems... Let's see the disadvantages......

    1)Mechanical Failure -although this is not limited to automated trading systems, there may be mechanical failure. Even though the system is automatic and highly efficient, it is not infallible. There still remains a possibility that it may fail to act in time.Manual traders do not depend on an automated system and thus will not encounter this problem.

    2) Requires Monitoring - Despite the fact that it is an automated trading system,traders may still need to monitor it. This is because there could be unusual market conditions that require manual intervention. There could be issues with the program as well, such as if the program freezes or crashes. This, an automated trading system is still not 100% reliable....

    3)Cost- Running and automated trading system is not so simple. Such a software would require getting the right equipment. This includes a decent computer, stable trading software, good data provider and a fast internet connection. The system would also need to run 24 hours a day in order to fully utilise it's capabilities. The price of all these requirements are not cheap and will quickly build up into high costs...

    4) Inflexibility - Automated trading system can be overly rigid and inflexible. With the constant change in market conditions, the program will not be able to adapt to different unexpected situations. Some software may also be limited to a certain type of market. For example, if it were only programmed to suit trending markets, while other software may only fit ranging markets..

    5) Needs Maintenance - Operating an automated trading system would require the trader to have the knowledge to maintain it. If a trader were to purchase a program,there is usually no long term support or updates to fit and future market conditions. Thus,it would be ideal if the trade possesses technical or programming skills to alter the software. Otherwise, the program will eventually turn out to be unprofitable...

    6) Hard To Find Trust Worthy Software - Out of all supposed automated trading system, few are true to what is advertised. One of the biggest hurdles is to find actual genuine software, which is not easy to do. A large number of software on the market are scams meant to trick traders and falling for a scam can be very costly. This, traders will have tonne diligent in doing their own research and observe the market carefully for the best automated trading system..

    7) Over -Optimisation - Relying on automated trading system can lead to over-optimisation. This occurs when a program is refined to produce the highest profit based on past market conditions. However, just because certain strategies work in the last, does not mean it will work in the future. A software that looks very profitable in the past may lead to poor future performance. This results in unreliable software that focuses too much on the past...

    8) Emergency Situations -In an emergency situation, automated trading systems are unable to react well. Unexpected issues such as computer crashes, broken internet connection or power failure will affect the program. Any downtime experienced by the software will render it helpless. This will possibly cause losses as it will be unable to carry out any trade orders. The program also might not recover we from a system failure.....

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    We do no longer paintings in any respect as we are very lazy. We absolutely depend upon geared up made process. while we're going to alternate we depend of automatic buying and selling which may be very critical and key to fulfillment of earning money. however we can have so centers and become very lazy and do not want to work at all.trading conduct among young human beings isn't always too much. The common individual doing the trading are individuals who are elderly or have had previous paintings enjoy. ea they created is the common used to gain themselves. so ea state-of-the-art hidden for his personal use and that isn't always too exact, they proportion freely.

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    The market is constantly changing and the expert should also always change, but many experts do not have such an algorithm. Many experts have several algorithms and all traders, but in the market can happen anything and the robot can not cope with it exactly. The broker himself can exclude the expert or disable some important functions of the expat and then we will have losses.

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    Quote Originally Posted by Mastadon View Post
    The market is constantly changing and the expert should also always change, but many experts do not have such an algorithm. Many experts have several algorithms and all traders, but in the market can happen anything and the robot can not cope with it exactly. The broker himself can exclude the expert or disable some important functions of the expat and then we will have losses.
    I'm agree with your statement, we loss money in the forex market when we didn't have up to date expert adviser. if we need up to date then it become very costly and we need to update it periodically. which is very pain full for us.

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