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Casey Stubbs is a 9 ½ year United States Army Veteran and married father of nine.  He is an entrepreneur, a leader in his local church, and is a successful business owner and trader.  Casey is dedicated to helping people from all walks of life fulfill their financial dreams, while also achieving financial freedom.  Helping others is at the heart of all that drives Casey on a daily basis.  In this episode of How To Trade It, Casey shares the phenomenal success of the newly upgraded and extensively back-tested, Siphon X trading robot.  You don’t want to miss it! @CaseyStubbs knows that auto trading is a great choice for beginning traders because they can learn a new skill while the robot is doing the majority of the work. Join him on this episode of the How To Trade It podcast, to hear more!… Click To Tweet

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You’ll want to hear this episode if you are interested in…

  • [00:31]  Automated trading defined
  • [01:45] Casey’s recent experience
  • [04:48] When the system works best
  • [06:05] The USD JPY pair
  • [07:57] How automated trading works
  • [09:12] Casey’s embarrassing story of how NOT to trade
  • [10:23} To VPS or not to VPS
  • [10:43] Benefits of auto trading
  • [12:44] The drawbacks

What is Automated Trading?

Automated trading is exactly as it sounds…it’s a computer program that you download onto your charts that will take trades “automatically” for you.  You may also see this referred to as: Algo-trading, Algorithmic trading, EAs or Expert Advisors – in relation to Forex, or Robots.  It’s not 100% automated, as you often have input or need to occasionally tweak settings.  It’s also not fool-proof, nor as effective as a skilled trader can be.  Still, it’s a great option, especially for beginners or those who don’t have a lot of time to devote to their trading endeavors.  

The System works best when…

Several months back we started looking at our robot again, trying to figure out why it wasn’t performing as anticipated.  What we discovered was that Siphon X works beautifully when we apply it during certain market conditions, and works poorly in others.  We looked at it on stocks, crypto, and currency pairs, and we determined that it works really well in a trending market.  That is great news for us because we love to trade the trend.  So, after heavily back-testing on trending markets, the results have been through the roof!  The USD/JYP, for example, has been trading at a 90% win rate using our EA.    

Benefits & drawbacks

Auto trading is a great choice for beginning traders because they can learn a new skill while the robot is doing the majority of the work. Using an EA allows you to bypass, or at least speed up, the learning experience.  Once you apply Siphon X to your charts, you only need to make adjustments that take a few minutes each week…and we guide you through that.  So, you benefit by becoming a profitable trader, while spending very little time and energy sitting in front of a screen.  Time is one of our most valuable resources, so saving time for other activities is a huge win in our book.  Automated trading, of course, isn’t nearly as effective as years of experience by seasoned traders.  There is only so much that you can program a robot to do after all.  It’s nearly impossible to replicate decades of knowledge and hands-on experience in a simple computer program.  And, even though your EA returns may not yield as large of a profit as that of a live person, getting consistent steady growth in your account is still a great way to go.  

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.