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The Truth About AI Trading Bots - And What to Do Instead

2026-06-15

Most traders searching for automated profits are chasing something that doesn't exist: a bot that always wins, never loses, and prints money on autopilot.


The reality? Even elite quant funds experience serious drawdowns. Most publicly sold "AI robots" are overfitted backtests, martingale traps, or simply RSI logic with an AI marketing label slapped on top.


There's another problem nobody talks about: once a strategy goes public and thousands start running it, its edge disappears. That's the silent killer of mass-market bots - even the well-built ones.


You can read more about this on my EXAMPLE page.


Our custom programming service is back. We have been making custom indicators and EAs since 2008. If you need help with EA integration or other custom development around our indicators, please contact us through MQL5 Jobs page, or contact us on the SUPPORT page.


TrueTL 4.01 is now available, featuring 5 independent slots for visual signals and alerts, Easy EA integration, Smart HTTP request modes for up to 700% faster backtesting, and more. Check the full changelog on the UPDATE page.


All 102 indicators are available, including both paid and complimentary tools. You can find them on the MT4-MT5 INDICATORS page.




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Better security and responsive design on our website

2022-01-27

We have been preoccupied with developing our product, however, we are now redeeming our long overdue debt: our page is SSL Secure and is compatible with mobile devices/tablets or smaller screens. We hope you’ll like it too!


As of now, we continue to work on new indicators (such as Rate of Change Divergence and Trendline) and new functions (such as divergence filtering by levels) and we’ll be back with further updates on them soon. Stay tuned!


For the time being, check out our 60+ purchasable and gratis indicators on the MT4-MT5 INDICATORS page.



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Our website is revamped!

2014-05-27

We made a new engine for our website. The result is 4X or more faster operation and more "eye-catching" fresh look. Some of the changes:

  • We made a support page where you can fill in a form quickly if you have a question/suggestion. Previously we had some problems with the email delivery but with this method we can be sure that we will receive all messages.
  • We extended the frequently asked questions page. It's worth to check because it contains the 90% of questions what we received since 2011.
  • We closed our custom programming service because we would like to focus on the development of our free and paid indicators. We have a lot of ideas and we are continuously receiving many requests for future developments.


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Multi Timeframe Divergence Indicators - TrueTL 1.86 is Released!

2013-07-21

We are proud to announce this awaited function for the divergence indicators:


MULTI TIMEFRAME ABILITY FOR DIVERGENCE INDICATORS: You can watch indicator values of a higher timeframe without switching between the chart's timeframes. You can set timeframe of the indicator as follows: 0 = the timeframe used on the chart, 1=M1, 5=M5, 15=M15, 60=H1, 240=H4, 1440=D1, 10080=W1, 43200 MN1. IMPORTANT: The arrows will appear only when the higher timeframe's candle is closed to make sure that the candle’s configuration is validated and the divergence is fine.


You can find the complete changelog and DOWNLOAD the latest version on the UPDATE page. IMPORTANT: The current version will run under 509 build (or later) MT4.


On the EXAMPLE page you can find many useful advice about the forex trading.



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TrueTL 1.85 is Released!

2013-06-16

Two new options for the divergence indicators:

  • Line Chart: you can switch the indicators to draws divergence lines to the MT4's Line Chart.
  • Candle Body Filter: until now our indicators filtered automatically the divergence lines that go over the candle-bodies. From now you can turn off this filtering if you would like to.

The EXAMPLE page is extended with a very important part of forex trading. We give you a short description and some advice about the Risk Management, including the placement of Stop Loss, the RR Ratio, the Lot size calculation, etc. We believe that no one can be a successful trader without this knowledge.



Risk warning

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.

Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.

In addition, trading on a margin basis means that any market movement will have a proportionate effect on your deposited funds. This can work for you as well as against you. The possibility exists that you could sustain a total loss of initial margin funds.

Risk Warning