Do you believe in Forex Robots?

[richardforex]

A Robot might be useful if you know what you are doing.
It makes the trader save time for other tasks.

 

[Fxpipper]

Nope..sorry, the robots that do exist in the market are not worth it. Yes, one or two robots do make profitable trades: flip side, they make small profits so you would have to use it for a long time just to make even.
But if a real robot is ever introduced into the market, give us a call.

 

[Livermore]

Yes,I believe in robots.
I mean,they make a lot of money to their developers.

 

[richardgere]

I think believe in our hard working.

 

[Kungfupanda]

Robots is a good tool for trader, some robot has a good strategy and you will get profit with them. But sometimes, you also get loss with them.

 

[Chill88]

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No one is giving their opinion.

Let's shoot out your ideas/thoughts freely here..

Will very much appreciate that. Hopefully our thoughts here also benefit Beginners here.

 

[Samuel23]

Why we need to worry about Forex robots when we can trade manually. We just need to learn and know how we should trade forex. Do you think Forex robots can be of great help to us. I do not think so normally

 

[Peter Brandley]

I actually have created a trailing stop robot. Works great!!!
Much better then the robots offered by forex brokers or other forex developers.
If I was too sell it I would not charge some crazy amount of money. Just a small amount of money. I rather see people use it to make and reduce losses and let winners win. Then not have one at all.

Anything that is automatically places trades should not be used by anyone other then the creator since you have no idea how it was created. If it works most developers will not share the information anyways, especially for not less then $1k a year.

I wont believe that junk anymore. All robots are sense less. they are just a piece of code. i have lost my accounts due to different EA's. My lucky time, all accounts are demo accounts.

If i am wrong, let us discuss.

 

[Rob Taylor]

Don't waste your time and money with Robots, they don't work.

 

[hayseed]

beliefs evolve over time

Do you all believe in Forex Robot? Yes or No

I personally do NOT believe in it.
.

hey grace...... my answer would be yes.....

btw, kinda thought your username sounded familiar..... check out webjeffs explorer on forex factory..... he is running a expert advsior.....h


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No one is giving their opinion.

Let's shoot out your ideas/thoughts freely here..

Will very much appreciate that. Hopefully our thoughts here also benefit Beginners here.

hey chill...... the precentage of profitable ea's is probably far worse than the precentage of profitable traders...... but both exist......h

 

[urther]

human or machine we all make mistakes,some people have used the robots and it worked perfectly for them and others it did'nt ...and i think it also depends on the robot used.for me i look forward to using a very efficient robot trader..

 

[Livermore]

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No one is giving their opinion.

Let's shoot out your ideas/thoughts freely here..

Will very much appreciate that. Hopefully our thoughts here also benefit Beginners here.

Ok,I give my opinion.
You NEVER will find someone who will answer this simple yet powerful question:
If you would develop a robot that would make money for you easily and effortlessly why you would sell it?More,why would you do that for cheap prices?It would be insane to sell it and yet there is something deeper:you would never sell it because if it would be REALLY successfull on the LONG term,that would create a liquidity iussue(everybody would buy it).Simply put,robots are the negation of the market and the fact they are popular only tells us how large is the misinformation in this industry.No one who understands the BASIC of trading would give a second thought to robots.

 

[Alan58]

I have the same idea as umer,i heard some traders not really trusting in robot.

 

[candle7779]

I think human forecast are more profitable than any robots at all. There is something unreliable seems to me in robots. And in trading I prefer to use signals or forecast from other people than getting them from computer programs or robots.

 

[Andru]

I think human forecast are more profitable than any robots at all. There is something unreliable seems to me in robots. And in trading I prefer to use signals or forecast from other people than getting them from computer programs or robots.

I absolutely agree with you, because I had got in a trap once, with this computer robots. Do you have experience of creating analytics? where did you get information about it?

 

[Robert]

Allow me to enlight you Around 70% of the trades executed in US stock markets are trading robots. In the Forex market, around 41.5% of trades excuted through EBS are by trading robots. The majority of the spikes you see on fundamental releases (like non-farn payrolls) are caused by trading robots. The program analyses the data faster thab the human brain and opens trade immediately. To make it worse, there are HFT robots that can open over 100 trades in less than 1/2 a second. I belive in robots, yes, but I do not have knowledge nor the time to write over 100,000 of page codes

 

[krecex]

I got many experience with the forex robot. They are many are not very good and accurate. Most of the time they miss the chart. So, I don't quite like using it. I prefer in doing a manual reading.

 

[Maria08]

no dear i am dont believe onforex rebot becuse some time they can not give good signal or all robot you never understannd therefore you open a trade and go loss .as my opinion you trading with your own analysis not depend other systems

 

[Forexstarboy]

Acually I am not huge fan of robots but they can do much work for you.
Also I am not ever seen really good trading bots (even very expensive).

 

[broKurt]

People are depending to much on robots...