Do you believe in Forex Robots?

Forex scalper

Trader
Oct 1, 2011
14
0
12
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.

Personally i don't believe in Forex robots, im IT specialist so at the begining i tryed to make very smart trading robot, but without big success, so that is the reason why i don't believe.

+ robots don't feel the market mood like humans
 

jmsmrtn98

Trader
Oct 2, 2011
1
0
12
I dont trust any forex robots as i think people never making consistent income from that. I saw many people who getting small small profit some days but later they getting big loss and losing account. I always prefer manually trading.
 

mrbold

Trader
Oct 5, 2011
2
0
17
Hungary
I do believe in robots, but...
also the best EA in the world needs human supervison.

And not only because of the obsolescence of the algorithm, but there are other "IT risks" too, even if you run it on a secure vps. :(

An important thing: don't believe in too big numbers (100% per month, etc), because those, who offer these products are much more better in writing a sales page than programming a professional EA.

The best way to earn money with EA-s is to have a managed account.
I have such experience, and I'm very satisfied with the results.
Over 2000 trades since this marc, 2-7% net. profit/month.
Not 20, or 100 percent profits, but security is the first.
 

Foster

Trader
Mar 23, 2011
13
0
12
trading like a robot

making cold and calculated decisions when trading and not getting to attached or "in love" with your positions , being able to cut losses fast.
this is what gives robots advantage over human traders, though the most successful traders are a living proof as they are so in control over what they do that they trade like robots.
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
4
49
I am yet to come across an EA that works all the time, turns out profit each and every time..such a robot does not exist and not taking any bets on whether one will be developed in the near future.
Here's the kicker: Let's assume that such a robot/EA is developed, then every trader on the planet will get a copy to trade with. End result: Fx market goes up in smoke..with one exception, the wise guy who developed it in the first place!
 

Foster

Trader
Mar 23, 2011
13
0
12
the EA market is full of Guru's who develop and sell their sophisticated trading systems.
apparently their most effort is in the marketing arena and not the trading arena
 

Fxpipper

Master Trader
Oct 26, 2011
1,132
4
49
O yea! If I were to compose an ode to the EA makers..it would kinda go like this..
"Gimme a $, I would show you the earth;
Gimme a way to print my own money..what the heck would I need you to show me the world for?
Thanks to the printer, I own the Universe now"
Does not rhyme perfectly but does highlight why most EA's are destined to the dustbin of high hopes and dreams..
 
Dec 20, 2011
7
0
17
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.
Hi, I think the best forex robot is the Apollo Money Maker (AMM). Safe and successful: 100% profit per year, 1-3% draw-down. Do you know this robot?
 

devis77

Active Trader
Nov 8, 2011
39
4
34
@graceheather - 100% correct

Hi, I think the best forex robot is the Apollo Money Maker
It says from their website that they have "more than 8 years of professional experience" but the website is registered and created 2 month's ago !
No company phone ! Just an address posted on a picture ?
I'm sorry but it looks like 100% scam website.

Safe and successful
Safe don't go with automated trading software.

100% profit

:p My favorite statement. How could you guarantee 100% profit when trading forex :D
 
Dec 20, 2011
7
0
17
@graceheather - 100% correct


It says from their website that they have "more than 8 years of professional experience" but the website is registered and created 2 month's ago !
No company phone ! Just an address posted on a picture ?
I'm sorry but it looks like 100% scam website.


Safe don't go with automated trading software.



:p My favorite statement. How could you guarantee 100% profit when trading forex :D
Hello devis77,

Your opimion is not important for me, what you think about this robot and the Apollo's website. Because I can see what the Apollo Money Maker gains profit on my account. See attached Statement. This performance was in 3 weeks.



Do you understand what the BSI wrote on their website?

"Its founders are software developers with more than 15 years of professional experiences. Numerous large companies and institutional investors such as banks, fund managers, insurance companies and hedge funds are among our clients.

Primarily we create software for business use to any business segment exclusively through purchase orders. For example for wealth fund management, stock transactions, logistics, ERP systems, financial registration systems, accounting software, asset fund management, stock trading managers, analysis and signals, etc."


Write an inquiring email to BSI's email address: info@apollomoneymaker.com. Try it.

It is a missunderstanding each other: There are no guarantees.

Best Regards,

Ken
 
Dec 20, 2011
7
0
17
Apollo Money Maker is the best forex robot.

Hello devis77,

Your opimion is not important for me, what you think about this robot and the Apollo's website. Because I can see what the Apollo Money Maker gains profit on my account. See attached Statement. This performance was in 3 weeks.

attachment.php


Do you understand what the BSI wrote on their website?

"Its founders are software developers with more than 15 years of professional experiences. Numerous large companies and institutional investors such as banks, fund managers, insurance companies and hedge funds are among our clients.

Primarily we create software for business use to any business segment exclusively through purchase orders. For example for wealth fund management, stock transactions, logistics, ERP systems, financial registration systems, accounting software, asset fund management, stock trading managers, analysis and signals, etc."


Write an inquiring email to BSI's email address: info@apollomoneymaker.com. Try it.

It is a missunderstanding each other: There are no guarantees.

Best Regards,

Ken





@graceheather - 100% correct


It says from their website that they have "more than 8 years of professional experience" but the website is registered and created 2 month's ago !
No company phone ! Just an address posted on a picture ?
I'm sorry but it looks like 100% scam website.


Safe don't go with automated trading software.



:p My favorite statement. How could you guarantee 100% profit when trading forex :D
 

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devis77

Active Trader
Nov 8, 2011
39
4
34
You can write, draw or get any graphic you want. It's completely irrelevant. If that so called "superb" software made 4.5% guaranteed profit, why they need to sell it. The developers will be billionaires by now.

"Its founders are software developers with more than 15 years of professional experiences. Numerous large companies and institutional investors such as banks, fund managers, insurance companies and hedge funds are among our clients.

Primarily we create software for business use to any business segment exclusively through purchase orders. For example for wealth fund management, stock transactions, logistics, ERP systems, financial registration systems, accounting software, asset fund management, stock trading managers, analysis and signals, etc."

Ken

I can create a website and put on it that I have been on Jupiter ! If they have 15 years of "professional" experience then it's good to provide at least 1(one) proof of that. Another software they made. That is called portfolio!

And final, how I can trust my money on a website with no address, no phone, no nothing ?!?!
The office is based in Dominica ... REALLY ?
 
Last edited:

devis77

Active Trader
Nov 8, 2011
39
4
34
Where I live or how serious trader I am does not matter at all.
What matter are the following 2 things.
1) You work for Appolo money maker ?
2) The charts that you posted are beautiful, but doesn't provide complete information at all. To really review a certain strategy and confirm that is successful I need the statement with the positions that you have opened, to check those positions with the market at that certain time.
So, can you provide that statement ?
Thanks

EDIT: Why you removed all links ? :D
 
Last edited:

Stevenfx

Trader
Oct 30, 2011
20
0
17
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.

Look, institutional use an automatic trading system, so I guess that robots can earn money. However, I think that it is almost impossible for the simple trader to com-up with a robot that will win the market many years. One can come up with a robot that will work for weeks/months but then he will have to change it again. I would not put my money on it. Good Luck.
 

mingbao

Trader
Dec 6, 2011
30
0
17
forex robots can work well under human's control. it just set you free from sitting by the computer always.

machine can work better some times since it just follows the rules. however, the rules are made by human anyway.

no trading strategy can work perfect all the time.

and yes, you should also prevent the risk when it is not working, instable server, power off. etc.

so please do not misunderstand forex robot as a money making machine, instead it's a useful tool with intelligence input by human
 

JohnFan

Trader
Jan 5, 2012
2
0
22
41
Ukraine, Kyiv
ukraineforex.ru
Yes, I believe in Forex Robots

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.
Yes, I believe in Forex Robots, because it is possible