Tyler WagnerFounder, Authorsunite.com · Authorsunite.com and Partnerprofits.io Founder - #1 WSJ Bestselling Author - Book Publisher - Book Marketer - 4,000+ Authors Served - Millions Of Books Sold By Clients - Investor

How to make a robot that can trade for you

Name: How to make a robot that can trade for you
Uploaded: 2023-01-26T17:31:30+00:00
Duration: 49 s
Channel: Tyler Wagner
Description: You need to understand forex markets before building a trading bot, whether you code it yourself or hire someone. Test it against historical data…

26 Jan 2023 · 1 min

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0:49

You need to understand forex markets before building a trading bot, whether you code it yourself or hire someone. Test it against historical data, iterate until it works, but know that no bot guarantees profits. COVID showed how fast external shocks can break even solid systems.

Chapters

a bot work for yourself, uh, like an actual robot to trade for you. You got to make it yourself and/or hire a coder and do an— I mean, you gotta— you have to understand the market first. So firstly, you'd have to like actually know how things are done with the forex trading in order to then instruct that person, if you're not a coder yourself, to, you know, code this for me. Then you test it with data. If it doesn't produce any results, you go back, scrap it, do it again. And do it again and do it again and do it again. And eventually you get something out of it that's not what's being sold online and that is specifically tailored to you and that it can make money in certain markets, but nothing will ever work 100%. That bot that's making you money right now with something like COVID that happened, markets shot up, it could completely fail in those months. So there's nothing ever perfect, but that's how you, that's how you do it with the bots.