Do you believe in Forex Robots?

[jmathers]

No. Forex bots are garbage, I've invested in many different robots in attempts to tweak them to my advantage. The problem is one minute you are up 50 pips and the next you could lose everything.

 

[civilsayed]

me too, i dont believe in it

 

[alexander james]

Personally I would not enrust my forex account with a robot. But other traders claim that some forex robots really work. Maybe for some but definitey not for all traders.

 

[leo]

Hi All Earnforex Forum Members,

A very interesting question to ask you all.

Do you all believe in Forex Robot? Yes or No

I personally do NOT believe in it.

In my opinion & experience, most of them work only for very short term.

Almost NONE of them can work long term.

Haven't tried that yet coz i'm still new to forex. Right now im gathering information about it.

 

[jmathers]

@Leo - I would be werey of any forex robots if you are new to forex. The best thing you could do right now is find a great educational site for information and start following a forex signal provider. Check out this forum post...

http://www.earnforex.com/forum/f4/forex-signal-providers-who-do-you-recommend-5804/

 

[gnike]

I don't believe in forex robots too. Haven't tried it and I have no plans of trying it. It's still best to do it yourself as you have more control and knowledge in what to do.

 

[jossef]

Yes I do

But most robots works only with large accounts, and most of them based on one single trading strategy that can detect an upward or downward signals then open an automatic trade based on that signal.
It works 90% of the time, but any good trader can detect those signals by himself.

 

[AFB]

no i don't , especially i just trade on crude oil

 

[ThanhVi410]

On the market today there are thousands of forex trade robots, they are developed based on strategic or trading systems truly effective,
It will trading 24/24 to maximize your profits, this you can not do
Follow the signal emitted ensure that you do not lose the opportunity to trade
Seclusion is away stark sensitively, this is a very big mistake traders often suffer.

Are products really is effective people appreciate, you should look for products with many good reviews and high rating

 

[pipeasytrader]

Some robots are good, I like playing around with them, after a few years you get use to the charts and know how to trade them. I run robots on demo and live with micro lots. Robots can't read the news.

 

[claratifani]

me too im not understand how the robot working..
but do you know about manage account some poeple using that..

 

[DonnaMag]

I don't believe in Forex Robots, I prefer to control everything and I am trying to teach myself to detect the signals.

 

[JoogleGJ]

I think you should not use FOREX Robots to make money, because it is like a cheating game. Many forex brokers dont allow to use Forex robots. You should study forex and learn how to trade, how to analyze trend of forex market. When talking about forex trading, people will think of forex indicators automatically. Technical indicator is a mathematical manipulation of a security price and/or volumes aimed at forecasting of future price changes. Decisions about how and when to open or close positions can be made on basis of signals from technical indicators. You should learn how to use these indicators. Here on site profiforex, there is full information about various technical indicators.

 

[joshhart]

I think Forex robots can probably help new traders. I used a couple for a while (and still do). I don't trade with large amounts with these systems and tend to book a profit any profits made from them once in a while. I'm pretty knew to trading but I think that you can make money from them if you keep any eye on what they are doing. I mean, use them for the entry signals and manage the trades, rather than relying upon the robot to have full control of the strategy.

 

[jen]

Hi All Earnforex Forum Members,

A very interesting question to ask you all.

Do you all believe in Forex Robot? Yes or No

I personally do NOT believe in it.

In my opinion & experience, most of them work only for very short term.

Almost NONE of them can work long term.

----

I think Forex agents are better to predict and mark out strategies than robots. What do you think?!

 

[sam5555]

Yes you cannot depend on them completely but you cannot even say that they are of no use, I think they are good for newbie's as they have less knowledge and experience and this helps them.

 

[Numa]

Well, I think the problem is that expert advisors can be written fast and easily optimized. In real life it is much more harder to develop an expert advisor that really works :-(

 

[Easy Trader]

I personally know a trader who is very succesful with EA's. With that said he actually uses 3 or 4 different ones depending on market conditions. So he still has to perform his due diligence and constantly monitor them and the market. They are no 'free lunch'. I personally think that the heavy weights posess some top knoch algorythims but they will always be under a tight lock and key and won't be the one in your spam folder.

 

[dojo]

I wouldn't trust anything 'robotic', especially in such a market. I'd have to really learn a lot about this to be able to learn, but that expertise and flair would make me the money, not something that works automatically.

 

[emmergo]

There are some robot that work, but they are very expensive. I have seen robot been sold for Two Thousand Dollars