Bringing Robotic Trading to the People - futures io
futures io futures trading

Bringing Robotic Trading to the People

Discussion in Traders Hideout

Updated by Daytrader999
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two mongoose with 1 posts (0 thanks)
    3. looks_3 artemiso with 1 posts (2 thanks)
    4. looks_4 Eledex with 1 posts (0 thanks)
    1. trending_up 2,595 views
    2. thumb_up 2 thanks given
    3. group 5 followers
    1. forum 6 replies
    2. attach_file 0 attachments

Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

Search this Thread

Bringing Robotic Trading to the People

(login for full post details)
  #1 (permalink)
Tucson + Arizona/United States
Posts: 1 since Jun 2013
Thanks: 0 given, 0 received

Hey so I am new here, I recently encountered (through Facebook) a crowd-funding project for robotic trading. This coincided with a friend and myself talking about robotic trading but we are still new to the game and I wondered what people a little more advanced than we were thought of the project. As I said I am new here and not certain where the right place for this is so please let me know if I should move this thread.

Apparently I cannot post links but it is on Indiegogo as 'Bringing Robotic Trading to the People'

Thanks in advance for the feedback.


Reply With Quote

Can you help answer these questions
from other members on futures io?
Where is the link to download GomiRecorder?
help to convert from thinkscript to ninjascript
Stacked Imbalances.
Sierra Chart
is there an easy way to obtain by code the price variation percentual
(login for full post details)
  #3 (permalink)
Chicago, IL
Experience: None
Platform: oil super computer
Trading: multiple
Posts: 193 since Jun 2011
Thanks: 601 given, 197 received

Channeling my inner Mike here I will just say take some time to learn about trading before you think about giving anyone money to trade for you, and if not just give the money to charity instead, it will go towards a better purpose.

Reply With Quote
(login for full post details)
  #4 (permalink)
las vegas
Experience: Intermediate
Platform: Sierra Chart
Broker: Velocity/IB
Trading: 6E
Posts: 1,147 since Feb 2010
Thanks: 304 given, 838 received

By and large, profitable automated trading for the retail trader is a myth. Most people who start out on that path, myself included, end up ditching it in favor of learning how to trade and then later only work on it in their spare time, if that. Reason being price does the same things over and over again, but it does it differently every time, so creating a formula to capture that is nearly impossible, you just end up chasing your tail. I'm not saying it can't be done, but you won't do it in a few months, it will take years.

And please don't buy a system for gawd's sake. Any fool can create an optimized system that backtests well and sell it. You won't make money using them. Think about it, make a system and offer a free trial. Even if the system is total crap, it will still make lots of money on some days, so you can always get some idiot to pay for it after they've used it for a day or two profitably. It's a classic con.

Reply With Quote
(login for full post details)
  #5 (permalink)
new york city
Experience: Intermediate
Platform: nt
Trading: es
SarahKrantz's Avatar
Posts: 42 since Apr 2013

If your talking about Rustin Raleigh's robot, don't waste your time or money. Not a single one of his commercially available robots were worth 10 cents.

Reply With Quote
(login for full post details)
  #6 (permalink)
Market Wizard
New York, NY
Experience: Beginner
Platform: Vanguard 401k
Broker: Yahoo Finance
Trading: Mutual funds
Posts: 1,077 since Jul 2012
Thanks: 739 given, 2,272 received

To get started in the area, you should be comfortable with the right terminology: robots are electro-mechanical machines, so it is inappropriate to call what you're looking for as "robotic trading".

Secondly, I don't know what project this is, but nothing good can come out of crowd-funding. If there's other people's money involved, in today's environment, you need minimum $70+ million to do something with comfortable, long-term survival prospects. I don't think I've seen crowd-funded projects reach this mass. If it's only your own money, I'd divide by a factor of 50: $1.4 million. I know I'm going to get very little credit for saying this (someone is going to come in and say he made a living trading his own, highly-leveraged account of $100,000 or something) but you can do the calculations yourself: a plumbing company generates on average, $300,000 revenue per year per full-time equivalent. (The economies of scale worsen when it's a one-man operation, so you expect revenue of <<$300,000 per year for a one-man plumber, but let's assume a plumber makes $300,000 revenue per year.) How much % per year must you be making to generate a plumber's salary?

Reply With Quote
The following 2 users say Thank You to artemiso for this post:
(login for full post details)
  #7 (permalink)
Market Wizard
Ilsede, Germany
Experience: Advanced
Platform: NinjaTrader 8
Broker: Rithmic / CQG / Ninja Trader Brokerage
Trading: NQ, YM, ES
Daytrader999's Avatar
Posts: 1,198 since Sep 2011
Thanks: 1,169 given, 1,628 received

SarahKrantz View Post
If your talking about Rustin Raleigh's robot, don't waste your time or money. Not a single one of his commercially available robots were worth 10 cents.

Yes, he's talking about this project:

So, IMO the thread should be moved to the 'Vendors and Product Reviews' section.

Reply With Quote

futures io Trading Community Traders Hideout > Bringing Robotic Trading to the People

June 20, 2013

Upcoming Webinars and Events

Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432,
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts