As a result, losses occur and they can be huge if not closely watched or managed. For the chance to make ridiculous money??? That sounds like a bargain! Sure, it might look highly profitable.
Forex Automation Software for Hands-Free Trading
However, in the forex market, there is no such thing as a consistent market. Conditions are changing all the time. The past has little effect on the future in a changing market. There are too many variables to consider. Beginners know nothing about trading or how forex markets behave, so they will not understand how the robot works, what environments they are best suited for, or how to tweak and adjust the system. It is best to actually learn how to trade consistently before you make the decision to let a program do it for you.
Think about it this way: Would you give a total stranger with no brain to boot!
In doing so, AI can be smart and intelligent , learning from past successes and mistakes. In other words, AI can adapt to find the best trading strategies for specific scenarios in the foreign market. It turns out that it is impossible for a human being, or even for a group of expert traders without robust automation, to process big data economics as quickly and efficiently as a machine with AI can. Another point is that, unlike a human being or simple algorithms, an AI can work 24 hours a day, 7 days a week, doing a much more productive job.
The fact is that the forex market has become quite more dynamic since the inception of automated trading software. In this new much more complex scenario , forex robots must be able to analyze inherent massive amounts of data and quickly adapt themselves when needed.
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It turns out that as we discussed in this article about AI in forex trading , simple robot traders cannot handle big data like Artificial Intelligence. Thus, here at Investpage believe that most automated trading systems over the last decade are no longer effective because the forex market has become more efficient, in addition to trends lasting for shorter time-frames.
And just to recap, these are the reasons by which AI trading is better than forex robots:. As we pointed before, simple automated trading or those popular robot trading systems alone are no longer the best forex trading solutions, and the use of AI, by machine learning and neural networks, is the way forward.
Through the use of AI, proprietary math, and our ability to incorporate fundamental news analysis algorithmically, Investpage has developed a suite of 40 trading strategies as part of our automated AI Trading and AI forex signals service.
What Are Forex Robots?
It is important to note that all of these advancements in artificial intelligence are made possible by, and otherwise depend on, the emergence of big data. The ability of a computer algorithm to generate useful solutions from the data relies on the existence of a lot of data.
More data means more opportunity for a computer algorithm to find associations. And as more associations are found, the greater the accuracy of predictions. Just like with humans, the more experience a computer has, the better the results will be.
Mechanical Forex Trading Systems - Why 99% Sold Don't Work!
This trial-and-error approach to computer learning requires an immense amount of computer processing power. It also requires specialized processing power, designed specifically to enhance the performance of machine learning algorithms. Our AI trading is designed through a multi-layer system able to quickly learn over massive amounts of data to find the best signals to trade. Our AI investment solution is the result of years of research and development by specialists in Artificial Intelligence, Finance, and Mathematics, who combined their skills specifically to design the best tools for helping traders invest automated or manually with AI forex signals in the forex market, regardless the experience level.
Using technical analysis , our algorithm considers not just the patterns of various trends, including support and resistance levels, and cross-indicators, but our AI trading system is also able to create its own real-time index for each currency pair that is used to identify what is the best direction and target. About fundamental analysis, the AI makes a correlation within the economic calendar to find news data that can affect specific currency pairs. In doing so, the algorithm can identify the following scenarios:. Our algorithm is a single multi-layer system integrated with some of the largest forex brokers via rest API and FIX protocol, and its parameters are constantly optimized to reach the best APY, Sharpe Ratio, and Drawdown.
However, it does not change its core rules over time. We have a high precaution to avoid overfitting our models to any price data. We use two main approaches to AI. The first one is a search of maximum return and minimum drawdown using a Multi-Objective Particle Swarm Optimization, which can validate our indicators in a sliding window method to guarantee what are the best parameters for a certain encoding of indicators. In this way, we selected the set of indicators to use in our second AI, settling a time series classification via Convolutional Neural Network , which the architecture is similar to an AlexNet with data augmentation, based on our own math concepts.
This second AI indicates if it is the buy, sell, or hold, for given security. Our most effective indicators are made by ourselves, primarily developed in Python as a real-time algorithm and based on out-of-sample backtesting. By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity.
You can monitor the AI trading performance in real-time directly on our dashboard. Click here to open an account with FXCM.
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To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice. There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible. All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.
Investpage AI forex signals are Market Orders and you do not need the entry price.
You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded. You can trade forex with our free forex signals by clicking here , or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance.
Get started with free AI. When investing through Investpage automated AI trading or AI forex signals , you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here. Would you like to try our automated AI trading for free in a risk-free demo account? Get started free here. Our automated AI trading system monitors and takes decisions and executes trades based on market movements. So, the need to continuously monitor the market manually during trading hours is not required.
Also, when using AI to trade forex, you will put aside any trading mistakes caused by emotional interference. It turns out that forex trading is an activity that requires impartiality and cold emotions, and most people lose money on Forex due to anxiety and impatience. It is moreover possible to test using a risk-free demo account with our AI trading structure. These are the main reasons why forex traders at all levels trust us, rather than other trading solutions.
Disclaimer: Forex and Contracts for Difference CFDs are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone.
Which Are the Best Forex Robots and Do They Really Work?
You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money. The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that FXCM warns that The performances aforementioned are not related to Investpage AI forex trading and AI forex signals system.