Why do all Robots posted here fail?

cAlgo_Fanatic
24 Jun 2013, 16:50

Dear Trader,

Trading strategies are rarely successful for all symbols, timeframes and other input parameters. They are usually intended for one set of those and developers usually post that in the descriptions of those Robots. If this information is not provided you may leave a comment to ask the developers of those Robots to provide it. Alternatively, you can optimize them yourself as well as experiment with the code. If you need help with the cAlgo API we are always here to help.

Best Regards

geektrader
04 Jul 2013, 08:30

The problem pretty much is that cAlgo doesn´t offer any serious backtesting-timeframe. Just 1 year right now which is nowhere enough to validate a robot for live-trading. Research has shown that with 2000+ trades in the backtest during an at least 8 years period CAN produce successful results in the future too. But since cAlgo cannot test beyond 1 year, pretty much any robot optimized with cAlgo is pointless at the moment until cAlgo gets some serious backtesting for much longer periods. For example all my robots are at least optimized/tested on 13 years of data. And they do work live.

cAlgo_Fanatic
04 Jul 2013, 10:25

We do understand the necessity of more backtesting data in cAlgo and we are working on adding more.  It is comming soon. Thank you.

algoforce
17 Jul 2013, 14:28

Please communicate with this company ( http://www.tickstory.com/ ) about the possibility of using their dukascopy tick data in calgo as an option to the Data at our Broker. . Many traders already have our data. Please give us a way to import it with ability to change spread slippage leverage . 

Thank you!  I know its coming soon. 

algoforce
10 Aug 2013, 22:03

Share with the Algo Community

If you find a profitable strategy any where online, bring it here and we can make it for calgo platform. 

The sample bots given away on this site are of the most basic demonstration of how simple c# is to code in. Here is an interesting comparison of mql to c# - http://www.myfxbook.com/members/nightscalper/night-scalper-signals/651908 - enjoy the article. 

Spotware
02 Dec 2013, 14:33

cAlgo now supports backtesting with data from imported files. See more details here: Backtesting with data from CSV file

sifneos4fx
09 Aug 2018, 11:43

RE:

the Answer is easy. There is not solution out of the box where you can hit "play" and it will make money for you. Robots works indeed, however, on specific Assets, specific timeframes and specific period of time. 

First you need to 100% understand the strategy followed by the robot, then you must understand the market, then you should optimize the robot parameters to the actual market conditions and then let it run specificly, long or (absolut or) short.

To put it in other words: Robots not working human independently, like cars can't yet drive fully independently, they still need a driver. There are a lot of people out there, they claiming to use nueral networks paradigma (artificial intelligence) to build their robots. Well, neural networks is a fact, but artificial it is not, and hoppefuly it will remain so. 

There are scenarios where a Robot can work fully independently and make money, however, it will never make that much. Robots are here to assist us, most importnat thing a robot does, is they keep as consistent, the most important rule int trading. 

There is only one way to make big money with a full automated system, it is the high performance trading  (HPT) scenario. Only, you will need several hundrend millions to build up the hardware :)

Hope this helps....

TradingDeveloper said:

Hello everyone,

I've tried many robots posted here but all of them fail in giving any profit.

Does anyone know about any robot that really gives some good results?

Thanks

ClickAlgo
09 Aug 2018, 11:54 ( Updated at: 21 Dec 2023, 09:20 )

RE:

algoforce said:

Please communicate with this company ( http://www.tickstory.com/ ) about the possibility of using their dukascopy tick data in calgo as an option to the Data at our Broker. . Many traders already have our data. Please give us a way to import it with ability to change spread slippage leverage . 

 

Thank you!  I know its coming soon. 

Hi Algo force, take a look at this product.

https://clickalgo.com/ctrader-historical-backtest-data-converter

Paul Hayes
Sales & Marketing
Email: contact@clickalgo.com
Phone: (44) 203 289 6573
Website: https://clickalgo.com

Twitter | Facebook | Google+ | YouTube | Pinterest | LinkedIn

ClickAlgo
09 Aug 2018, 12:05

There also a free version which has limited features.

https://clickalgo.com/free-ctrader-historical-data-limited

ctid386599
16 Aug 2018, 15:57

RE:

After back breaking testing other robots and coding my own, I have come to conclude that there are only 2 ways to make consistent profits

1) Optimization. Have an extra server that just runs optimization of parameters for the bot for a small time window of interest. For example moving avarage might work best for 14 day period  this week and 10 or 20 days period a month ago based on how trending/ ranging that time  was.

2) Use Semi-automatic bot that after analyzing all parameters gives you a signal like alarm to trade but make the final decision to trade or to not trade yourself. some human judgement or very powerful where as robots would require more data, code and are better done by humans.