Gecko Software, the team behind the award winning Track â€˜n Trade trading platform, has recently launched a new feature that will completely change the face of retail trading.
Online PR News – 04-August-2012 – Utah – Utah USA August 4, 2012 â€“ It's common knowledge that more than 95% of traders fail, yet many don't realize exactly why that is. It might be surprising to many to discover that it isn't necessarily insufficient knowledge or a lack of understanding of the market that causes these failures but, in fact, it has more to do with emotions than anything else.
The reality is that an emotional trader will never succeed. A trader that allows themselves to be taken over by their gut instinct, throwing caution and their trading strategy to the wind, is a trader who will end up losing everything, including the shirt off their back. Trading strategy is the only thing standing between a trader and complete annihilation on the market and even though most realize they need to follow it to the letter to succeed, they still allow their emotions to get in the way and make mistakes.
Gecko Software's Autopilot Plugin eliminates emotional trading completely because it allows traders to create trading robots based on their own trading strategies, even if they have no programming skills. Thus, once they've devised their strategy, they can use the plugin to backtest it and ensure it is effective and then take it live.
Once their trading robot has gone live, it executes the strategy to the letter, with no emotion involved. Thus, retail traders will find they will keep more of the profits than they lose because stop losses will be triggered every time, and profits taken on schedule. So, maybe a trading robot won't wait the market out and take a much larger profit, like a human could, but, at the same time, a robot won't hang in there hoping the market will turn around when it clearly won't. This means that instead of having one great trade and fifty bad ones, the plugin will ensure consistency, which will result in higher overall profits.
The Autopilot Plugin from Gecko Software is an ideal solution for those who know they have issues with discipline and emotional trading, which makes for around 95% of traders. Additionally, it doesn't hurt that the plugin can run for the entire trading day and traders can make money even when they are not at their computers.
For more information on Gecko Software and the Autopilot Plugin, please visit http://www.GeckoSoftware.com.
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