Has anybody tried any of the Forex trading robots or any other automated traders? Which ones work ?
I have tried many forex bots and most are junk. FAPtubo for me was doing great the first month I used it and I nearly doubled my account but two bad trades put me deep in the negative. There is one that I do like as it seems to be stable however, it does not trade often but I have made nice profits from it and it’s Forex Megadriod. I have messed with the settings and time frame in an attempt to eak out a few more trades and it works but risky. If you leave the setting where they are at, you will make money but you have to have patients. I have also had a custom one made and it does well for me.
Here a tip …. Follow the Global Economic Calenar http://www.successbyforex.com/global-economic-calendar/ and watch for announcements or reports that could effect the markets. You may wish to turn your bot off doring these times as they can get very volatile and move againt you.
Just be careful and do not fall for the slick marketing and hype. Most is BS and it cost me quite a few bucks. Good luck.
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July 4th, 2010 at 12:15 pm
There is no such thing as a reliable forex robot. Statements to the contrary are simply lies.
If such a thing existed, it would be worth $billions. The creators would be using it to trade like crazy and become billionaires. They would not make it available for free/cheap download. The entire concept of a cheap and reliable forex robot is absurd.
You will no doubt receive some spam answers claiming great success. Do not believe.
References :
July 4th, 2010 at 12:46 pm
Hello James, the use of forex trading robots has seen quite a big expansion in recent years among people looking for a trading career in the currency markets. Many of them can be very useful for your trading, but none of them can guarantee that you will be always profitable. Also, the amount of success you`ll have using them will depend on your knowledge of the markets and your approach to trading forex. You can read a more complete article on forex trading robots in my reference. Hope it helps.
References :
http://tradestation-forex-1.blogspot.com/
July 4th, 2010 at 1:03 pm
Before you choose to start trading on Forex, you must learn as much as you can about the dynamics of Forex trading. Before you make the decision to start using Forex robots, you should understand concepts that include macro-economic theory, governmental fiscal policy, and the effects of geopolitical events on currency valuations. Once you’re comfortable with these concepts, then I would suggest Forex investing.
According to my understanding, Fap Turbo Forex Robot is currently the most popular Expert Advisor on the market.
References :
http://www.robotforex.org
July 4th, 2010 at 1:22 pm
Hi,
I have tried 22 robots and the only one I didn’t get my money back was FapTurbo. Its the only one I still use in my account to make trades. It wins more than it loses.
References :
http://www.stockmarketcats.com
July 4th, 2010 at 1:39 pm
I have tried many forex bots and most are junk. FAPtubo for me was doing great the first month I used it and I nearly doubled my account but two bad trades put me deep in the negative. There is one that I do like as it seems to be stable however, it does not trade often but I have made nice profits from it and it’s Forex Megadriod. I have messed with the settings and time frame in an attempt to eak out a few more trades and it works but risky. If you leave the setting where they are at, you will make money but you have to have patients. I have also had a custom one made and it does well for me.
Here a tip …. Follow the Global Economic Calenar http://www.successbyforex.com/global-economic-calendar/ and watch for announcements or reports that could effect the markets. You may wish to turn your bot off doring these times as they can get very volatile and move againt you.
Just be careful and do not fall for the slick marketing and hype. Most is BS and it cost me quite a few bucks. Good luck.
References :