Does anyone know if forex robots are a good way to trade and how useful are they for beginners...any recommended ones...There are many out there which makes any selection process a bit difficult!
Back and forward testing EAs aka Trading Robots 6 replies
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Trading Robots 6 replies
DislikedDoes anyone know if forex robots are a good way to trade and how useful are they for beginners...any recommended ones...There are many out there which makes any selection process a bit difficult!Ignored
DislikedVery rarely do they work and on the rare occasion that one does it will eventually fail. If you don't know how to trade you won't even know it's failed until your account is down significantly. Take it off line too soon and you lose, take it off line too late and you lose.Ignored
DislikedI would highly suggest you learn how to trade before you begin to shop around for a system. If you don't know what your trading tendancies and habits are how are you going to find a system that suits your style?
Welcome to Forex Factory!Ignored
DislikedDoes anyone know if forex robots are a good way to trade and how useful are they for beginners...any recommended ones...There are many out there which makes any selection process a bit difficult!Ignored
DislikedStay away from them. Learn to trade manually, that's the best way. I'm sure others would disagree with me, but I think the market is way too complex for some simple "trading script."Ignored
DislikedI kindof disagree. If you can translate your manual strategy into a robot, then you eliminate emotion.Ignored
Disliked.....An EA doesn't have ANY emotions at all, and that's the problem.....Ignored