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You are probably aware of the sharp drop in the EURUSD on October, 21. Following the ECB announcement, the Euro fell over 2% against the Dollar.
It happened so that on that day we were testing the latest version of Smart Forex Tester. This upcoming release of our software will support forward testing – i.e. test the automated trading strategies on live data feed. For that, we have developed a special Expert Advisor that sends tick data from Metatrader.
So, we were running the stability test. We were using our automated trading strategy (comes bundled with with Smart Forex Tester). We left the tester running on its own. When we checked it the next day, we were stunned. Not by the fact that the tester was still up and running (this was expected).
What came as a surprise was that our automated strategy absolutely crashed it! It did 27 trades, out of which 60% were winners. And it raked 132 pips profit!
Automated trading is the way to go!
This test convinced us again that automated trading can be made profitable. We understand, that for this simple strategy that we were using, we had a bit of luck. The reason being that this strategy doesn’t yet have a trend following algorithm. We are only developing it.
But still – as we have written on many occasions – we see not a single reason not to use automated trading. E.g. ckeck our post comparing Smart Forex Tester with manual Forex trading simulator.
Our line of reasoning is simple. First, to be successful, a Forex trader must have a clearly formalized strategy. Second, this strategy has to be strictly followed. No room for emotions. Now, if we have done the former – guess who will be more successful in the latter – a person or a computer? The answer is obvious.
If you are interested – stay tuned! Download Smart Forex Tester and wait for the announcement of the latest release.
” Who will be more successful in the latter – a person or a computer? ” – The man who owns the computer.