02-05-2009, 01:18 AM
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Registered Member
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Join Date: May 2007
Posts: 3,325
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Re: Anybody investing in the stock market right no
Quote:
Originally Posted by CAD/JPY
I've traded FX for years. Tell your friend, that every robot has a weakness, and he needs to ask or know what his is, before he uses real money. So many of those robot systems are sold using historical data, but when tested real time... they fail! If you know forex, you know that on news events FX can move 100 pips in a few seconds... well, guess what... your backtested robot system shows that you got a signal, and caught the trade. BUT in reality, you never even got filled, or where filled so far away from the backtested fill that it will totally change the system. Also, if it is a scalping program, many dealers won't allow the same fills in real time as when demo tested... MT4 systems are a great example of this.
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I still prefer EUR/JPY. 
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