Jump to content

Why do most trading robots (EAS) fail?

Recommended Posts

Why do most trading robots fail?


To understand this take a look at youtube videos on factory robots,  robots in mercedes factory, robots  in bmw factory.Do a google search  as follows, click  and observe how many robots are used to make a car, then apply logic to market conditions for trading.There are twenty different markets conditions, for traders, to apply 20 different robots at the same time.Each market condition requires a robot coded, the robot can only do the specified function, in trading it means each robot operating in a specific market condition.Most amateurs apply one robot to do 20 functions in 20 different markets, when they need to apply 20 robots.


It is similar to a trader doing 20 markets at the same time,this leads to disaster.Robots can backtest and forward test any system, the theories and trading system /illusions/delusions of traders can be tested by robots.


https://www.google search


Here are logics of successful  versus failed robots.

A  profitable robot is made for different 20 market conditions using 20 magics and 20 different  signals  from same EA .Most amateurs try to use one robot for 20 market conditions,inplace of using 20 different robots.


99.9 % of forex robots designers/coders are not suitable for coding  profitable eas on mql5 site.The /ROBOTS are designed by amateur traders,learners, internet scammers and charlatans.






GARBAGETRADER IN + GARBAGE CODER = GARBAGE EA (SELL THE EA).Most eas are sold, not used by he developer.They fail.


They want one robot to do the task of 20 robots.If you see  video, you will see that one robot can not do everything, you can not design one EA (robot)for all market conditions.


It is virtually impossible task for the little man to design profitable robots, one has to experience and understand profitable trading The industry is the blind leading the blind.Those who failed write books,teach,coach,sell seminars,signals and generally breed the failures of tomorrow.Those who can do, those who can't teach,write books,sell  signals.coach, educate and sell maps of technical analysis..Those who can trade,trade!Those who know nought are gurus to the new failures of tomorrow.These people mislead ea developers.We have industry of >98 % failures, they don't know how to trade, never traded profitably, these failures made money from selling education via books, signals,educationalist courses,trading seminars,trading advice,selling eas,  pretending to be traders and stooges for bucket shops, they are  teaching how to trade profitably, when they don't know how.


Most amateurs use knowledge of fake gurus, have it coded into an EA, only to find the robot does not make money, only the  guru ran off with a $1,000  dollar trading course.The guru has disappeared, with a notice "all trading carries risk of loss".


Everything you learn't from book writers can also be back tested,to see if the book guru was a BS  merchant,before you put any money on his snake oil opinions.


How many other ways can robots help?Do you know of any other reasons why robots fail?




These fake gurus start brandishing opinions on Robots, putting other traders off, so traders waste more of time on the failed EAS, after realizing the fake guru wasted his time.

Link to comment



EAS robots can not change, what they did in the past, unless broker platform creates a bug for the EA. As a result the EA performs differently.Good point.


They can not run out  of money,unless you programmed them to run out of money.In other words robots will only risk money according to parameters.Each robot will calculate the risk, it is preprogrammed with, before placing a trade.Usually my robots are programmed to sustain 10 losses in a row each.

Link to comment

 aka oilfxpro aka apadhani aka El Cid aka **** aka foroom lluzers, if you want people to try out your ea's don't forget you can post code by tapping on the 'insert code' icon, oh wait, you're trying to sell them via private messages here on the forum aren't you, I forgot.

Link to comment

Here is evidence of the forum crowd willing to take money for programing work.The people who are not professional coders want trader's money,their records show amateurs  learners applying for coding jobs.The same applies to trading gurus,they want to your hard earned money, to sell a trading course,because  they can not make money from trading.


Good EAS are not sold by owners, as per the first post.The coding work may cost only $300 to $500 dollars for a decent EA, but the golden nuggets are the testing of EAS/robots and the logic, these can be priceless.A typical cost of making 1 robot is around $2,000, so why should anyone hand them for free on a forum?The true cost of 50 robots working together is around $100,000, the logic can be priceless, because these robots can earn 70 to !00 % a year ++++++.Goldman Sachs may offer $50m for them.




Link to comment

 Ah yes, rechecking my PM's I see you were only willing to 'rent' out your ea's, not actually sell them, so that's completely different then.

I remember at the time words like snake oil salesman and charlatan sprung to mind, I wonder where they came from, someone on the forum must use them regularly but I can't think who.

Link to comment

I call them Gurus/teachers, they should start selling EAS/robots, because there is no demand for price action courses, trend trading courses, psychology education,  technical analysis education, there is no longer any demand for gurus  who can't do, but teach.Traders can just search for all trading education for free on google search.


google searches for free education youtube


Robots are the new goods to market on the internet, after all those who fail at trading can get an income from selling robots.

Link to comment

A quick reminder of the terms of service. Please remember to

  • not post any personally identifiable information such as real names / emails etc
  • not push or peddle services or personal business. Moderators of this forum can see all posts, including personal messages, and if this ever happens to anyone else please make sure you report this. 
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...