Tradioneer Robot Review ¦Automated Trading South Africa

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Automated Day Trading

Here we look at the best automated day trading software 2020 and explain how to use auto trading strategies successfully. Over 75% of stock shares traded on U.S exchanges originate from automated trading systems orders. Known by a variety of names, including mechanical trading systems, algorithmic trading, system trading and expert advisors (EAs), they all work by enabling day traders to input specific rules for trade entries and exits.

Once programmed, your automated day trading software will then automatically execute your trades. Sounds perfect right? You can sit back and wait while you watch that money roll in.

The Best Automated Trading Platforms

Automated Day Trading Explained

You decide on a strategy and rules. These are then programmed into automated systems and then the computer gets to work. The software you can get today is extremely sophisticated.

Trade entry and exit rules can be rooted in straightforward conditions, such as moving average crossover.

However, they can also be built on complex strategies, that necessitate an in-depth understanding of the programme language specific to your platform.

Once the rules are programmed in, automated systems can monitor the markets, deciding whether to buy and sell based on the specific day trading strategy rules you’ve opted for.

Although dependant on your specifications, once a trade is entered, orders for protective stop losses, trailing stops and profit targets will all be automatically generated by your day trading algorithms.

If you’re in a fast moving market, instantaneous order entry could be the difference between a tiny loss and an earth shattering one if the trade were to move against you.

Some advanced automated day trading software will even monitor the news to help make your trades.

Strengths & Weaknesses

Strengths

  • Reduces emotion – One of the biggest benefits of automated day trading algorithms is their ability to remove human emotion. Many day traders will buy and sell based on feelings, automated day trading systems will execute the trade as soon as the specified rules have been met.
  • Backtesting ability – Most automated systems will allow you to test your rules and strategy against historical data to test their likelihood of success. This enables you to hone the perfect strategy and iron out any creases before you put real money on the line. It also allows you to determine the system’s expectancy (the amount you can expect to win or lose).
  • Speed – Your automated software will give you enhanced order speed entry. Capable of automatically changing to market conditions and generating orders the moment the trade criteria are met. In the day trading game just a few seconds can make a significant difference to the potential win or loss. It will prevent you reaching the profit target or plummeting past a stop level before you’ve even managed to enter an order.
  • Consistency – This links back to the emotional element. If you’ve lost on the last four trades, you might get cold feet on the next one. But if that next trade is a huge winner, you’ve just shot yourself in the very expensive foot.
  • Cements a winning formula – If you’ve spent years perfecting a winning strategy, then automating it could make it even more efficient. Which could in turn you provide you with greater and more consistent profits.
  • Diversity – Automated day trading systems allow you to increase your hand by using multiple accounts and any number of strategies at the same time. This enables you to spread risk over different instruments whilst still hedging against losing positions.

Weaknesses

  • Over-optimisation – A focus on curve-fitting leads to automated day trading algorithms that should be fantastic in theory, but often fall short of the mark when it comes to live trading. For example; a lot of people fine tune a plan with almost 100% profitable trades that shouldn’t ever experience a drawdown. Apply it to a live market however and it can completely fail. This is why you should stick with low value trades until you’ve ironed out all the creases.
  • System gone haywire – Even the best automated day trading software can trigger false trends. As price reacts to unfolding developments a false trend can spiral out of control. This was demonstrated in August 2020 by Knight Capital group; who lost over $440 million in just half an hour when their trading software went rogue in response to market conditions.
  • Updates – Your automated day trading software will need updating along with changing market conditions. This means you need someone who knows precisely what they’re doing. This puts you at the unfortunate mercy of whoever it is that writes and updates your software.
  • Monitoring – People mistakenly think once they’ve formulated their automated day trading strategies, they can sit back and let the computer do all the heavy lifting.You need to watch out for computer crashes, connectivity issues, unforeseeable market anomalies. Not to mention anything else that may result in missing or duplicated orders.

Getting Started

Even with the best automated software there are several things to keep in mind. Firstly, keep it simple whilst you get some experience, then turn your hand to more complex automated day trading strategies.

Copy Trading might be a solid introduction for beginners to automated trading.

Many automated systems are adjusted to excel in certain markets and for specific trading styles.

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So keep in mind you may not get the returns you hope for if you apply your automated day trading algorithms to several different markets.

Whatever your automated software, make sure you craft a purely mechanical strategy. Automated day trading systems cannot make guesses, so remove all discretion.

Copy Trading

At a the most basic level, copy trading is a very simple form of automated trading.

With Copy Trading, you can copy the trades of another trader. So by reviewing past performance and specific trade details, you can ‘follow’ a trader, (or better, a group of traders).

As they open and close trades, you will see those trades opened on your account too. You can adjust how much want to invest, so someone with $100 can still follow the trades of someone making $1m trades.

Copy trading means you take no responsibility for opening and closing trades. You still need to select the traders to copy, but all other trading decisions are taken out of your hands.

Copy trading is perhaps the least “hands on” of any automated trading.

Brokers Offering Copy Trading

Finding The Best Automated Software

There is no one size fits all when it comes to automated day trading systems.

It will depend on your needs, the market you wish to apply it to, and how much customisation you want to do yourself.

Skilled traders might even want to develop their own trading software from the ground up, to achieve ultra-fast automated trading that’s entirely customised to their preferences (more on that later).

Below are some of the most popular ready-made automated systems out there:

Developing Your Own Software

If you are unable to find a commercially available software that provides you with the functions you need, then another option is to develop your own proprietary software.

Doing so is easier than ever before thanks to code editing tools such as VIM and online marketplaces that make it easy to find freelancers with the needed skills.

Developing your own software brings with it a number of benefits and risks:

  • Complete control over how the software works, looks and feels.
  • You can optimise the software to work faster than available commercial software since you can include only the features you need.
  • Allows you to build software around complex algorithms.
  • Can be expensive if you do not know how to do it yourself. Like most construction projects the final cost usually ends up being higher than initial estimates.
  • The software will be untested and is almost certain to contain bugs. Commercial softwares have gone through thousands of hours of testing and are used by thousands of traders, which exposes many problems. Your software might perform in unforeseen ways. Even big commercial operations have had issues with trading robots that carry out surprising trades or are triggered by other robots’ actions to commit large sell-offs.

Research all software available on the market before you decide to develop your own software.

There are two main ways to build your own trading software. Doing it yourself or hiring someone else to design it for you.

Programming the Software Yourself

Designing your own trading software requires a basic understanding of programming as well as knowledge about how to code a trading algorithm.

Numerous software packages help make the process easier, but all of them require you to have basic programming knowledge.

No tool can help with lack of programming skills, but for knowledgeable coders one of the best editors for building your automated trading bot is Vim.

Vim is a universal text editor specifically designed to make it easy to develop your own software. It was created by Vim’s founder, Bram Moolenaar, in 1991.

Vim is based on Bill Joy’s vi text editor. Vim is “charityware” – all its proceeds are used to help children in Uganda. Vim makes it very easy to create and edit software.

Vim is a command-based editor – you use text commands, not menus, to activate different functions.

The command-based interface allows the software to have a very lightweight clean interface while still offering an extensive selection of features.

Vim is suitable for novice and experienced developers alike.

The platform is very popular among software developers due to how easy the tool makes it to overview your code and find bugs before they cause any problems.

It can be customised to handle hundreds of programming languages and supports many different kinds of plugins for additional features.

If you chose to develop the software yourself then you are free to create it almost any way you want.

Your freedom will, however, be restricted by the API (Application Programming Interface) provided by your trading platform.

The API is what allows your trading software to communicate with the trading platform to place orders.

Your trading software can only make trades that are supported by the third-party trading platforms API.

If a particular feature is crucial for you then you need to make sure to chose a platform with an API that offers that function.

Your bot will also have to import market data in some way, possibly in “real time” (with extremely low delay), if your trading algorithm in any way must react to what’s happening right now in the markets.

If trading decisions are based more on fundamental factors and are just waiting for the “right price”, getting market data with millisecond delay might not be essential.

Hiring A Software Builder

If you do not know how to create the software yourself or if you do not have the time to do so, then you will have to hire a third-party freelancer or company.

You can either chose a local developer or a freelancer online. It is easier to communicate with, and reach the desired result, using a local developer that you can see in person.

However, using a freelancer online can be cheaper. It can also allow you to chose a developer that is more experienced in trading software, as this is a fairly unusual skill.

Make sure to hire a skilled developer that can develop a well-functioning stable software. Do not try to get it done as cheaply as possible.

Good trading software is worth its weight in gold. A poorly designed robot can cost you a lot of money and end up being very expensive.

It is essential that you provide the developer with a detailed description of exactly what you expect from the trading software. Include all desired functions in the task description.

Do not assume that anything at all is a given. The developer can not read your mind and might not know or presume the same things you do.

Final Verdict

Automated day trading is becoming increasingly popular. However, if you’re going down that route, you must frequently back and forward test your strategy. Let’s be clear though, nothing substitutes carefully executed manual trading.

If you do put your trust in automation, do not get complacent.

This was highlighted in the ‘Market Wizards’ book series by Jack Schwager, when he interviewed successful automated day traders.

All stressed they were highly involved with their automated strategies, so don’t take a back seat to your trading.

Trading Robots on the Stock Market – “People against the Machines”

Trading robots are programs that are actually trading instead of people . There are many types of such programs ; for example, the so-called A dvisors that provide useful advice on when to buy or sell certain securities . Program advisor s analyze large volumes of information within short periods of time. T he recommendations are sent in the form of messages or sound signals.

Another type of trading robots are the robots monitoring possible losses, risks , and manage securities by various trading strategies.

Using trading robots provide s traders with the opportunity to save time and monitor a large number of assets . I n addition , u nlike people, whose emotions often have great impact on the trading process , such programs are completely devoid of any emotion.

However, automated systems have a number of disadvantages . The program cannot predict the impact of statements made by p resident s or other officials on the country’s economy. Robots act in response to events: as soon as the asset begins to fall, the robots start selling. However, they cannot foresee crises and get rid of excess assets in advance.

One shall test and optimize th e trading robots from time to time, so that they would bring steady profit. Please k eep in mind that even if a robot brought , for example, 200% per year, this does not guarantee the same income next year. Next year, its yield can vary from 10% to 20% or even turn out negative. Therefore , one should choose the right historical data up on which the robot will be tested, and only then choose the right algorithm.

Now traders and managers do not fully rely on robots and mostly use them for risk management, making report s, and trading recommendations . B ased on this data, a trader make s an independent decision whether he shall follow the program recommendations or not.

Using robots for trading binary options seem s useless, as this tool is the easiest way of trading in the financial markets. T he t ransactions are submitted by a single click, so the robot has no advantage of quick execution of transactions for buying and selling the assets, considering all the rules set by the exchange. In this regard, the binary options robots are used rather rarely: this is the only place , which didn’t become a battlefield for robots, so professional trader s can get steady income t here.

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.

GENERAL RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
87% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

О РОБОТЕ TRD

Робот TRD — это полностью автоматизированный
торговый советник для валютного рынка

Автоматизация процесса

Наш торговый робот полностью автоматизирован, от вас лишь требуется установить его согласно инструкции, выбрать риски и наслаждаться ростом прибыли

Постоянная адаптация под рынок

TRD единственный советник на рынке, который постоянно ведет анализ текущей обстановки и подстраивается под торговлю исходя из волатильности пары

Гибкость в возможной доходности

TRD прошел десятки различных тестов и дает возможность настроить риски, выбрать консервативно-низкий режим или высокий, зависит только от вас

Чат техподдержки

Да, мы всегда находимся на связи со своими партнерами и всегда готовы прийти на помощь, объяснить или что-то подсказать. Для этого существуют 2 TRD-чата — технический и любительский, каждый день пополняющиеся единомышленниками.

Сергей Смалев

Основатель TRD Group

Мое знакомство с рынком Форекс было случайным много лет назад. Я, как и многие тогда, увидел громкую рекламу о больших доходах на одном из билбордов своего города. Реклама не обманула, прибыль и правда может быть огромной, но она просто недорассказала о тех рисках, что таит в себе торговля на бирже и о том, что знать надо чуть больше, чем просто установить советника на график. Сейчас тема торговых советников стала популярна как никогда, они заполонили рынок с яркой рекламой, а недостатки остались по-прежнему те же. Работая над созданием своего советника, мы преследовали цель максимально обезопасить Вас, когда вы впервые попадете на территорию неизвестного, как я когда-то. TRD это опыт многих лет торговли на валютном рынке, который вобрал в себя лучшее от известного на сегодняшний день. Мы всегда открыты к новым идеям и верим, что можем дать людям надежный источник дополнительного дохода. Инвестиции — это задача, требующая определенных знаний, навыков и сноровки, советник TRD и наша команда готовы Вам их дать.

Humans vs Machine: Automated Trading and Your Money

Movies tend to lead to unrealistic depictions of jobs. With jobs in the financial sector, Hollywood portrayals tend to focus on nefarious deals or dramatic trades. The broker is often depicted as sagacious and prescient, able to make decisions with their gut. It’s as if financial investment is a sport, and the trades are the big plays.

As with other industries, the truth is a little more boring than what the movies would have you believe. However, there is one more glaring misstep here; namely, the movie industry has exaggerated the role that humans play in making trades.

We are talking about the idea of trading automatically, or automated trading, which has permeated all areas of the financial industry. Estimates vary, but a majority of shares traded on US stock exchanges, for example, are carried out by automated trading systems.

Automation changing finance

Moreover, all the signs are that automated trading is going to become more influential. Just this year a major Wall Street bank, State Street, cut 1,500 jobs in a drive to focus on automation. However, what was most interesting about this development was that the job cuts were more concentrated on senior management than any other department.

The idea of workers being replaced by machines is, of course, another trope that has been brought about partly by the movies. Yet, once again, it is also misunderstood. Indeed, there are some studies that show automation will create more jobs than it will destroy.

However, it’s probably more apt to say that automation will change the nature of jobs, or more aptly, change the idea of wealth creation. Even today, social trading platforms offer automatic and copy trading tools. These allow new investors to enter into the world of investing and trading in financial products, even if they did not have the means or experience before.

Is it just as easy as putting your funds into an account and then sit back and watch the profits roll in? Not really. Automatic trading is a broad term, and as with all forms of trading, it carries an element of risk. Yet, as you might expect, automated trading systems are getting smarter and easier to use.

Big data will change investing

None of this means to say that automated trading systems work without any human input. They are customizable, and most often set out to rules defined by experienced and successful traders. But once those parameters have been set, they are able to work without some of the flaws that we humans carry when it comes to investing wisely – emotion, discipline and human fallibility.

Of course, arguably the most important element of all is the way automated trading applications are able to process huge amounts of data in order to execute the smartest trades. Put simply, the capability of automatic trading through the use of algorithms will continue to grow, while the limits of human capability will remain the same.

Perhaps more so than any other industry, the financial world seems primed for an automated future. It dominates the conversation among those involved in financial technology. What will that mean for finance jobs? What will that mean for the global economy? Nobody truly knows, but it’s more likely to be part of changing world in which we look at jobs differently. Whether or not that turns out to be a good thing remains to be seen.

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