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Bots vs Brains; The hidden edge of Human touch in tradingBots vs Brains; The hidden edge of Human touch in trading A random Google search on the internet about forex trading robots reveals thousands of forex robots exist. With all these trading robots promising handsome returns in the shortest time, the forex trading industry should be minting new millionaires daily. However, statistics from forex brokers paint a sad picture—a failure rate as high as 90%. In 2024, you can’t go a day without reading or watching a reel about Artificial Intelligence (AI). The high failure rate, especially in the world of finance, is baffling given all these technological advancements. This led me to take a deeper look into the world of automated forex trading, also known as bots or Expert Advisors (EA). Overview of Automated Trading A trading bot is software developed to analyze financial markets and execute trades on your behalf. Semi-automatic trading bots analyze the markets but do not execute trades. Large financial institutions, such as banks and hedge funds, use specialized algorithmic trading bots. These institutions bring together mathematicians, programmers, and economists to develop sophisticated algorithms. Needless to say, it requires significant financial resources and time to develop these bots. Development can take at least six months, followed by an additional six months of testing. The high cost makes these bots inaccessible to retail traders. Retail traders, however, are not left out. There are individuals and software platforms where you can develop your own trading bot. These bots are often marketed as being developed by experts with deep market knowledge—or so I thought. Trading bots follow specific rules based on the developer’s strategy, which ideally should mirror the success of an experienced trader. Therefore, if a trader is profitable, the bot should at least mimic their results, if not surpass them—more on this later. Before launching these bots, developers conduct extensive backtesting and refinement to optimize them for ideal market conditions. Advantages of Automated Trading Developers of trading bots often market them as superior to manual trading. They emphasize the need to eliminate human error and emotions, highlight faster execution speeds, and promote the ability to trade 24 hours a day as long as markets are open. Additionally, bots can save traders significant time that would otherwise be spent analyzing markets and executing trades. On the surface, purchasing trading robots seems like a smart decision. Limitations of Automated Trading Bots rely on historical data, assuming the future will mirror the past. However, global events are unpredictable. Take, for example, the 2008 financial crisis or the sudden shock of COVID-19—events like these can completely throw off a bot’s programming. Robots struggle to adjust to such volatility unless they’re frequently updated with new data, which many are not. This is a major limitation, especially when you consider how quickly the forex market moves with trillions of dollars in circulation. Earlier, I mentioned that robots are supposedly developed by profitable traders. But to my surprise, I found that with little trading experience, anyone can create a robot on platforms like EA Trading Academy. All it takes is registering, selecting a few parameters, running a back test, and then selling it. It’s really that simple. The ease with which these bots can be built raises questions about their reliability, especially when they aren’t crafted by experts. I even plan to build one myself, and I’ll give you feedback in a year’s time. Why I Think Robots Don’t Work The main issue is that there’s a shortage of consistently profitable traders. A trader who dedicates the time and effort to developing a reliable robot is likely to charge a hefty fee. The likelihood that they would focus solely on developing robots instead of trading themselves is very slim. This makes me wonder—who is actually building all these robots? If most profitable traders are busy trading, it raises concerns about the experience level and expertise of those creating the majority of these products. Secondly, trading styles vary significantly from trader to trader. Purchasing a robot based solely on profitability or low cost is unwise. In addition to checking a developer’s track record, you should assess whether their risk tolerance and trading approach align with yours. For instance, buying a scalping robot when you prefer swing trading could be a costly mismatch. Finally, purchasing robots without a solid understanding of the markets is irresponsible, and the disasters that follow are often justified. Many experienced traders who have tested and reviewed bots on YouTube agree that 99% of them are either scams or simply don’t work. I encourage you to watch some of these reviews to see for yourself. The Future: Automation vs. Human Touch Mastery in trading comes from a combination of skill, time, and experience. While bots claim to save you the time spent on analysis, it's precisely that time—the deep learning and constant market study—that ultimately leads to true mastery. There are no shortcuts. Bots may be designed to minimize human error, and in theory, they do. But the reality is that even the most sophisticated bots are not infallible. They can and often do fail, sometimes catastrophically. When accounts are blown—whether by a human or a bot—it’s still the trader who bears the loss and the disappointment. So, while bots may reduce human error, they can never eliminate the human responsibility for those errors. Trading the financial markets is a craft like any other. Automation, AI, and machine learning can be valuable tools in your journey to becoming a skilled trader. They cannot replace the critical thinking and adaptability that come with human experience. AI can assist by analyzing large sets of data, flagging trends, or executing trades faster than a human could—but the nuanced understanding of market sentiment, global events, and individual risk tolerance is something only a human can develop through dedication and practice. Automation might help you refine your craft, but it's the time spent learning, making mistakes, and adapting that leads to true mastery. As promising as they are, AI and bots are tools—not substitutes—for the expertise that comes from being deeply engaged in the markets. Others before you have achieved mastery, and with enough commitment, you can too.
CAPITALCOM:DXYEducation
by morrisgitau
2
DeGRAM | DXY rebound from the channel boundaryDXY is moving in an ascending channel under the trend lines. The lower boundary of the channel has already become a reversal point three times, and most of the time the chart has been in the upper part of the channel, which indicates an uptrend. The price has not yet reached the support level. We expect a rebound with a possible reaching of the support level before it starts. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TVC:DXYLong
by DeGRAM
1
DXY Price Analysis: Without a Clear DirectionDXY Price Analysis: Without a Clear Direction Technical Analysis: The price has moved inside a large-range trading pattern during the last month. The range movement is located between 100.50 and 101.90 Price is near to a key support zone. If it manages to rise again then it will develop an ABCDE pattern. If the price rises for the "E wave" then it may easily reach 101.25 and the final target should be near to 101.90 which corresponds to a key resistance zone. If the price breaks down of 100.50 then the odds are that it can move down to 100.13 and probably if the sell-off accelerates further it may reach 99.50 Fundametal analysis: The market is focused on the FOMC meeting scheduled on Wednesday, September 18. According to the rate cut and Powell's press conference the USD will take the news direction. That is why also DXY is showing both trading opportunities. Thank you and good luck!
TVC:DXY
by KlejdiCuni
1
DXY hit the 1W MA200 for the 1st time in 8 months! Will it hold?The U.S. Dollar index (DXY) following the Fed's -0.50% Rate Cut, hit on Wednesday its 1W MA200 (orange trend-line) for the first time in 8 months (since the week of January 10 2024). This is obviously the strongest Support on a long-term basis and technically should attract the first wave of buying pressure. However, the multi-year pattern, being a Channel Up, suggests that given some more weeks it should break and go for a Higher Low (blue Arc). As you can see on this pattern, every time the 1W MA200 was tested during a Bearish Leg, it broke. The last two Bearish Legs initially made a dead-cat-bounce and then priced the Low just above the 1.236 Fibonacci extension. The 1W RSI in particular provides very useful insight on this, as on the first oversold (below 30.00) Low it makes the bounce and then on the second RSI low, which is a Higher Low i.e. a Bullish Divergence, the price bottoms and rebounds long-term. As a result, with the 1W RSI bouncing on the 30.00 oversold barrier, we expect the price to rebound for a few weeks and then resume the downtrend towards the 1.236 and the bottom of the multi-year Channel Up. Our Target is 97.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXY
by TradingShot
Could price bounce from here?US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that acts as a pullback resistance. Pivot: 100.54 1st Support: 100.21 1st Resistance: 101.25 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
TVC:DXYLong
by ICmarkets
DXY Bullish Reversal Ahead?!!!Fundametnal Analysis: TVC:DXY remains supported by a robust 5.25% Federal Funds Rate, attracting investment into USD-denominated assets. Inflation, reflected by a Core CPI of 0.3% and a CPI year-over-year of 2.5%, shows signs of moderation, reducing the urgency for further rate hikes, while stable PPI data indicates manageable inflationary pressures from the production side. Unemployment claims at 230K signal a slightly softening labor market, which could limit future rate hikes. However, the rise in consumer confidence to 103.3 points signals economic resilience, supporting near-term demand for the dollar. Overall, while moderating inflation and labor market cooling might temper DXY’s upside, the strong consumer sentiment and high interest rates keep the outlook neutral to slightly bullish.... Tip: If the Fed cuts interest rates due to moderating inflation and a softening labor market, DXY could weaken as USD-denominated assets become less attractive. However, if other countries also lower their rates, the impact on DXY may be less significant, as global monetary easing would offset much of the downward pressure on the dollar. Technical Analysis: TVC:DXY is showing signs of a potential bullish reversal after bouncing off key support at 100.691. The chart reveals a series of higher lows, indicating strengthening buying pressure. The RSI at 39.85 suggests the index is near oversold territory, further supporting the likelihood of a rebound. Immediate resistance is around 101.793, with the next target at 102.678, and a longer-term target near 104.100 if momentum continues. The Federal Funds Rate decision on September 18th will be crucial in determining whether this bullish breakout materializes. A break below 100.691, however, could invalidate this setup and push the index lower. overall view
TVC:DXYLong
by rTrader_official
1
Post FOMC analysis19th September DXY: Currently at 100.60, could bounce to retest bearish trendline. If 100.60 broken, could test 100 round number. NZDUSD: Could trade higher, look for reaction at 0.63 resistance, Buy 0.6255 SL 20 TP 40 AUDUSD: Buy 0.6780 SL 30 TP 70 GBPUSD: Sell 1.3250 SL 30 TP 90 (BoE Rates Decision pending) EURUSD: Sell 1.1130 SL 25 TP 50 USDJPY: Sell 142 SL 45 TP 90 USDCHF: Sell 0.8430 SL 20 TP 40 USDCAD: Sell 1.3560 SL 30 TP 40 Gold: Currently at 2585 could trade higher to 2600 and even form new ATH
TVC:DXY
by JinDao_Tai
Interest Rates Dropped to 5%!The fact the Federal Reserve & U.S. government cut interest rates by 50BPS, more then they were expected to, goes to show that interest rates have done MORE DAMAGE then they were suppose to, to the economy. Now the Federal Reserve cutting interest rates by 50BPS, is them trying to put on a show to the public & saying “look we know the damage has been done by us, but we are trying to rectify it by making rates lower” GET READY FOR A GLOBAL FINANCIAL & ECONOMY CRASH IN 2025!
TVC:DXYLong
by BA_Investments