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Why do 99% of eas or most trading robots (EAS) fail ?
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[QUOTE="new digital, post: 165161, member: 55113"] There are dunning kruger novices making EAS using technical analysis There are some investors who believe they can profit by finding patterns in historical stock prices or trading volume. These investors are attempting to profit from [URL='http://en.wikipedia.org/wiki/Technical_analysis']technical analysis[/URL]. [B]Kevin Grogan[/B], my colleague at [B]Buckingham Asset Management[/B], reviewed some evidence on these strategies and found that these investors could probably find a more productive use for their time. A recent study by finance professors at [B]Massey University[/B] in New Zealand [URL='http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1181367']examined more than 5,000 technical trading rules to see if they added value[/URL]. The authors found "no evidence that the profits to the technical trading rules we consider are greater than those that might be expected due to random data variation." Using stuff learned from amateurs and unprofitable traders. [URL]https://www.earnforex.com/forum/threads/education-from-amateurs-learners-failed-traders-blind-leading-the-blind.30863/[/URL] [URL]https://www.earnforex.com/forex-e-books/advanced-forex-trading/[/URL] [/QUOTE]
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