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why they sell it if the robot was making money?

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jemboeth
19
jemboeth 2014.09.12 06:10 
it is a question of mine for this
whether the robot was only produced for a while?
Irwan Adnan
886
Irwan Adnan 2014.09.12 06:55  

robot is not made for making money. It does made to trade automatically.

 

A robot is made based on manual trading logic.

Cagatay Tezsezen
2869
Cagatay Tezsezen 2014.09.12 07:15  
jemboeth:
it is a question of mine for this
whether the robot was only produced for a while?

There are 2 type of sellers:

First type is (and most of the sellers) are selling dreams. They are either cheaters, or dreamers who think that they are making great job.

Second type of seller is not too much. These guys sell their robot for different reasons. Non of the profitable long term EA can make big money in short time. If the author does not have money in the pocket, he may choose to sell and collect money. Another reason is, most of the profitable EA on the market is outdated. What I mean is, it is still profitable but the author uses an updated version and sells the old version.

Do not buy any EA without a live account minimum 6 months history. Do not trust backtests. Backtests are good for optimization purposes. But will not quarantee the same behaviour in live accounts especially high frequency ones. There are some coders in this market, probably under 14 years old, has no money but intelligent. They sit and code in one week with friends and put it in the market, dreaming to get a lot of money. You can easiy catch such profiles. Keep away from them, whatever backtest they have.

Summary: DO NOT BUY ANY EA WITHOUT LIVE ACCOUNT WITH AT LEAST 6 MONTHS RECORD.

Francis Dogbe
7371
Francis Dogbe 2014.09.12 10:33  
cagatay:

There are 2 type of sellers:

First type is (and most of the sellers) are selling dreams. They are either cheaters, or dreamers who think that they are making great job.

Second type of seller is not too much. These guys sell their robot for different reasons. Non of the profitable long term EA can make big money in short time. If the author does not have money in the pocket, he may choose to sell and collect money. Another reason is, most of the profitable EA on the market is outdated. What I mean is, it is still profitable but the author uses an updated version and sells the old version.

Do not buy any EA without a live account minimum 6 months history. Do not trust backtests. Backtests are good for optimization purposes. But will not quarantee the same behaviour in live accounts especially high frequency ones. There are some coders in this market, probably under 14 years old, has no money but intelligent. They sit and code in one week with friends and put it in the market, dreaming to get a lot of money. You can easiy catch such profiles. Keep away from them, whatever backtest they have.

Summary: DO NOT BUY ANY EA WITHOUT LIVE ACCOUNT WITH AT LEAST 6 MONTHS RECORD.

I totally agree with you Cagatay... backtest is certainly not enough prove. I once backtested an EA each showed incredible performance and low DD (1%). But when the author forwardtested the EA, the first week recorded high DD(40%). this shows the difference backtest and forward. Most coders forget the biggest enemies in the forex world-(BROKERs). They can make the best EA fail. :)
Tan Phan Ngoc
1332
Tan Phan Ngoc 2014.09.12 10:59  
jemboeth:
it is a question of mine for this
whether the robot was only produced for a while?
I think seller wants to earn more money. Buyer must check before pay.
Happy Mans World
1111
Happy Mans World 2014.09.12 11:51  
The Robot is mainly made to automate a part of a trading Style and make trading easier, it is almost impossible to have a consistently making money Robot, 99% impossible, and the only way to prove that wrong, is for the Robot to reflect and show a "Real live trading account", and NOT back tests ... Good luck
Benjamin Dixon
23148
Benjamin Dixon 2014.09.12 13:47  
I sell my robots to raise capitol faster. Why NOT sell a profitable robot?
Tonny Obare
28851
Tonny Obare 2014.09.12 17:05  
jemboeth:
it is a question of mine for this
whether the robot was only produced for a while?
Why does a farmer sell fruits if it gives him vitamins?
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