Legitimate automated trading robots / brokers for u.s. traders

D

Deedle

Hey guys,

I am new to trading and have been researching several auto robots to begin. I live in the u.s. and understand that nadex is the only govt regulated broker. However, they do not offer an automated option.

I do not have any experience in trading so would like some input. I've seen a lot of negative reviews with pretty much all of the systems I have checked out. I know that trading is risky, but can also be profitable. I'm not trying to become a millionaire of course, but would like to generate some extra income.

If you have any suggestions on auto robots that allow u.s. traders, that are not a scam please let me know. Thanks and God bless!
 
You need to make your own robot, but you can use the syntax and logic from existing ones. You don't have to reinvent the entire wheel.
 
Deedle said:
Hey guys,

I am new to trading and have been researching several auto robots to begin. I live in the u.s. and understand that nadex is the only govt regulated broker. However, they do not offer an automated option.

I do not have any experience in trading so would like some input. I've seen a lot of negative reviews with pretty much all of the systems I have checked out. I know that trading is risky, but can also be profitable. I'm not trying to become a millionaire of course, but would like to generate some extra income.

If you have any suggestions on auto robots that allow u.s. traders, that are not a scam please let me know. Thanks and God bless!
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You have a TON to learn. Don't put any real money on the line yet. Stay away from stealth vendors that pray on newbies.
 
Deedle said:
Hey guys,

I am new to trading and have been researching several auto robots to begin. I live in the u.s. and understand that nadex is the only govt regulated broker. However, they do not offer an automated option.

I do not have any experience in trading so would like some input. I've seen a lot of negative reviews with pretty much all of the systems I have checked out. I know that trading is risky, but can also be profitable. I'm not trying to become a millionaire of course, but would like to generate some extra income.

If you have any suggestions on auto robots that allow u.s. traders, that are not a scam please let me know. Thanks and God bless!
More...
IB is a regulated broker and they have API for developers.
 
Deedle said:
I live in the u.s. and understand that nadex is the only govt regulated broker.
More...

Not sure what that comment meant as there are MANY regulated brokers in the US.

-What asset class do you want to automate?
-What is your knowledge level of that asset class?

If you are new to trading, but know how to code, maybe you should find a partner that has a strategy to automate and understands the markets and has already found an edge to exploit.
 
Robert Morse said:
Not sure what that comment meant as there are MANY regulated brokers in the US.

-What asset class do you want to automate?
-What is your knowledge level of that asset class?

If you are new to trading, but know how to code, maybe you should find a partner that has a strategy to automate and understands the markets and has already found an edge to exploit.
More...


Good answer mr. Robert, but that is not what this gentleman is talking about. THE FOREX world is full of off the shelf autotrading programs refered to as ROBOT traders-- they are sold for a few 100 quid or so with a promise of 100 to 1000% returns.

they are all total scams, but the average IQ of an FX trader keep the robot vendors in business. FX traders have trashed this site, I say ban them now.
 
You should maybe learn that there is an average and then there are edge cases. That's why around most means in distributions there is a non zero standard deviation. I am almost exclusively trading currencies , developed markets as well as emerging markets. Spot cash, forwards, NDFs and options. Just because you don't like shills (neither do i) does not mean everyone, who trades fx, is one. Maybe you can respect those who fall to the right of the curve?

tlatoani said:
Good answer mr. Robert, but that is not what this gentleman is talking about. THE FOREX world is full of off the shelf autotrading programs refered to as ROBOT traders-- they are sold for a few 100 quid or so with a promise of 100 to 1000% returns.

they are all total scams, but the average IQ of an FX trader keep the robot vendors in business. FX traders have trashed this site, I say ban them now.
More...
 
There are a ton of regulated fx brokers in the US. In fact there are more regulated ones than not. The same cannot be said of Cyprus & Co.

Sig said:
If so he's still not correct because CantorExchange is also CFTC approved.
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