Has anybody tried any of the Forex trading robots or any other automated traders? Which ones work ?
Sunday, July 4th, 2010
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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