Forex Robot Trading – Are they Reliable?
Forex robot trading allows investors trade hands off the computer. I’ve seen so many people out there who are keen on getting along with the forex market trading business, but are not too sure if they can have all the time needed for this business. It’s a well known fact that the forex market is a 24 hours market that runs 5 days a week. Forex robot trading is a veritable way to trade the market hassle free. It is s computer program that is written to trade unaided on the foreign exchange market.
A forex robot is a system that is designed to give the most suitable advice in terms of trading the financial market. Forex robot trading helps clients shy away from huge losses due to market oscillations. The best forex robots out there guide investors properly towards minimal risk exposure.
The currency market is always open to new comers and they come with their varying needs. One of them is the need to be properly educated in the business of trading. The forex robot provides investors with the market information that they require. Being able to study the market closely and also protecting the client from negative results, the forex robot is well suited for everyone.
The recent global economic meltdown has prompted investor to becoming very professional and diligent in managing their portfolios. Investors now jostle with various business/investment windows, and forex robot trading has offered a big investment opening.
The advantages of the forex robot trading are that it eliminates investor’s worries of broker commission or service cost. It is designed to run on different platform and as such investor can trade on their mobile as well as home computer. Just like we tend to develop trading systems that employs the use of past price actions, the forex robot uses this technique also to predict future price movement. The difference here is that it performs the task faster. Forex robot trading allows for trading without emotions, thus allowing it make constructive market decisions. There’s a stop loss feature in forex robots that allows them minimize losses and increase gains.
Before you settle on any forex robot, it is advisable that you don’t settle on a forex robot based on the information provided by the vendor. You must research diligently to verify if the performance is different from its back tested results. Invarable you can gather a lot of information from traders who have used a forex robot before on discussion boards, forums, facebook pages, etc. Finally cross check by trading your forex robot on a demo account for at least 2 week to documents its result and see how it would fit into your trading plan.
To avoid losses you must stick to forex robots that encourage or employ the use of multi strategy. Go for this kind of software as the go apply both long and short trading strategy. Trading just a single strategy method can be disastrous.
iam sorry guys, but if you really want to see an expert advisor developed from an investment company, check this out.
ht tp://unbouncepages.c om/the-absolutly-best-expert-advisor-around-the-globe/
this ea is not like any other available for the mass. or do you realy belive, that an ea for 99 dollars works like one for up to 100.000 dollars?
There are so many EAs around that its hard to believe that an EA will work fine. The MT4 statistics are impressive. I will appreciate comments for other users of this EA.
Stick to your rules
Also I read so many discussions on EAs and concluded that reliability of an EA depends on user experience. if its bad then you will say EAs are not reliable if its good then you will support EAs. As I said that there are so many EAs, someone will hardly find a good EA.
Stick to your rules
Well, Forex signals vs Forex EAs is good post about it. Forex signals win :)
The advantages of the forex robot trading are that it eliminates investor’s worries of broker commission or service cost.
How Forex robots eliminate worries of broker commission or service cost? Is there any relation between Forex robot and broker commision or service cost?
Forex robot will automatically do everything for you so why do you worry for commision or service costs etc. I think this is what it means. right???
when i read the title of the thread i quite my work and start thinking about that i read all comments. I search my whole PC disks and found more than 3k EA's and there mannuals in my PC.(most of them are free and other are from 99$ to 499$ each of them 
)
I dont buy or use them but i collect them as a hobby.
some of my friends use famous ea's that are at high rating in most famous review sites.
but they dont use them 24/5 but with their own rules and timing depend on the ea type.Unlike much of the marketing hype making money "24hrs a day" in a market probably isn't the best strategy even if you never needed to sleep, eat, or have a life.Last thing dont buy any ea or system because they are available on net for free just you need some goggle search techniques.
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Yeah I agree, running an EA 24/5 isnt isint such a good idea if you ask me.. What is the latest most profitable robot right now..? anyone knows
On my opinion only long swing trading ea's are best bot scalping, martingle and slepage reborts
http://www.xynafx.com/ Xynafx ... fund managers and forex signal service providers Minimum investment for our Forex managed Account service is $2k that will be managed individually in one investors account. XynaFx signals As low as $26 per Month.
Using EAs/bots is okay provided you know how they work and which market conditions they work well in. We cannot buy into an bot and hope that it'll fit every market environment. If you don't know how the bot works, you are trading blindly, trusting what someone (you've never met) says is the latest FOREX secret.
I think it's better to learn, and maybe build you own bot.