The Best AI Trading Robot?

Has it happened to you too?

You are watching the EUR/USD and the price is just breaking through the resistance level . You notice strong buying interest. You get in, to ride the trend as you have learnt it in several Ebooks. Or perhaps you have read it in servera books over the past few years.

Staight after you get in, the chart moves downwards. You are watching in disbelief as the price is getting closer to your stop loss . You are staying in, because you know, you have to stay disciplined . Only a few minutes later the price moves down and snaps your stop order . Dam ! Another 30 pips down the drain .

Then

Soon after your stop/loss was snapped , the price starts moving up again and within minutes it goes up 60 points. I knew I was right  you say to yourself
It is frustrating isn’t it?

It happened to most of us . Working with small time frames , 1, 2 or 5 minutes you tend to use small stop loss orders , such us 20 or 30 pips. The problem using such small stop loss orders that is that it often quickly gets hit as the price moves in an erratic way .

People who make money on the market often take a longer term approach and use 1 or 4 hour bars and shooting for larger pips per trade. The issue using longer bars , that it becomes boring over time .

What usually happens, that you want to trade when you are working on front of your PC . That is why amateur Forex traders often use the 1 or 2 minutes charts, so they can actively trade 4-5 or even 20-30 times during a session . Trading this way makes the broker rich, but not the trader .

But how do you trade using longer time frames like 1 or 4 hours? The perfect trade often occur when you are asleep, at work or went out for shopping.

There is an option

Use EA for MT4 . It can automatically enters the trade for you while you are away from your computer.

I found most of the Expert Advisors to be just toys and really don’t live up to the expectations on the long term because the market is changing all the time . You need to keep fine tuning the EA parameters to suit the new market condition.

This is when Neural Networks can assist . Using AI in your forex trader can take the experience needed how to tweak those parameters , because the AI engine can learn the new patterns in the market and can do it for you. One such system I worked with recently is forex-ai.