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Originally Posted by TraderABC
Hi all.
Why can't the robot that trades successfully be programmed? After all a computer can beat a human at chess... Why can't the same be built for the market?
Thanks....
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There
are robots trading various markets, just recently the LSE had to ask it's clients to turn them off...
10/07/2005 "These are computer-generated orders created by algorithmic models without any human intervention. They could create difficulties for a firm's systems and problems for the market."
The problems an individual trader would face are devising such a system, finding someone to write it, and then linking it to a broker. Unless it was run on your brokers server there would be all kinds of issues to resolve such as connection failure, requotes, closing an unopened trade, and probably dozens more that I can't think of.
There's no doubt there are systems in operation but would you sleep at night knowing a robot had control of your account
You could always take a look into FXCM's automated trading desk, they'll run and monitor your system and even help you find someone to write it.
Mick