Forex Robot Trading – Are they Reliable?
Originally posted by leebutUsing 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.
That is great explanation dear i hope all newbies or those who thinking to buy a ea will think about this and try this also.
build your own ea is not a big deal there are so many progammers that can help you to build your ea with some litle money but for this you must make a strategy by yourownself.
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for people who dont have a lot of time to learn some eas can be good to start making a bit and learning on few spare times.
some ea have good results, its worth it for some people for sure
Free EA is a good way to start but on demo accounts. You r right that there r many free and good EAs available on net. The problem faced by mostly newbies is setting up an EA. Different EAs have their own settings and configurations. So newbies find it very difficult to test new types of EAs.
Thats why I always prefer signal following.
Originally posted by sadscorpionwhen 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.
Yea, true. It is because of the market conditions in which an EA can work. An EA maybe good for ranging market but works bad in trending market. So its the user who will decide when to use an EA and it can generate good profits if used wisely.
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
In the world of countless robots, can anyone find the "latest most profitable" robot. You can find good robots but finding "most profitable" is not possible.
Stick to your rules
Originally posted by RalFxifyYeah 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
Actually, joining some reputable forum, and reading some review and post of members will give you ideas...regarding the best EA...
You can visit the link below and register...
Yes. on some good forums we can find a lot of information about new strategies and new EAs. Commercial EAs cannot be as good as an EA from a reliable trader whom trading history is visible on a reliable source.
But the fact is that even best of best EAs do not work most of the times. The best EA is the one u make urself.
Many times we hear that some traders make good profits with EA and I personally feel that they are not reliable and they can not trade well in these risky and uncertain markets and can lead to losses. It is always better to trade manually based on your own abilities and skills .
Yeah there are some forex robots which are really profitable to us but i am just testing many EA on demo account and when i found one good EA i will surely gonna share over here .
I would say, ones that are sold in mass are rubbish - you have to find a good IB that developed an very good ea and trade with that. It's the IB interest that the EA tardes well.
Also, playing with settings is a disaster - follow advice.
I will never buy a $99 EA again!