Can a forex strategy be automated without any success?

Yes, a forex strategy can absolutely be automated without any success. Here's why:

• Markets are complex: Forex markets are influenced by a multitude of factors, including economic data, central bank policies, political events, and even global sentiment. An automated strategy might not be able to account for all these complexities and adapt accordingly.

• Overfitting: Sometimes, automated forex strategies are created based on historical data. This can lead to overfitting, where the strategy performs well on past data but fails on new, unforeseen market conditions.

• Unforeseen events: Black swan events, which are unpredictable and impactful events, can throw even the most sophisticated strategies into disarray. An automated system might not be able to react effectively to these situations.

• Lack of risk management: A sound forex strategy incorporates risk management techniques like stop-loss orders. An automated strategy without proper risk management could lead to excessive losses.

• Lack of human oversight: Even the best automated strategies can benefit from human oversight. A human can identify situations where the automation might not be performing well and make adjustments.

Here are some additional points to consider:

• Success is subjective: Defining "success" in forex trading depends on your goals and risk tolerance. An automated strategy might not achieve spectacular returns, but it could still be profitable with careful management.

• Backtesting is crucial: Before deploying any automated forex strategy, it's vital to backtest it on historical data to assess its performance and identify potential weaknesses.

• Start small: If you're considering automated forex trading, start with a small investment to test the waters and gain experience before risking significant capital.

Overall, while automation can be a helpful tool in forex trading, it's not a guaranteed path to success. A well-designed strategy with risk management and human oversight is crucial for any automated forex trading system.