Do forex robots work?

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Do forex robots work?

Postby Rom » Sat Jan 01, 2011 6:44 am

A straightforward answer to that question below.
Yes, but remember, those robots are not for sale.

http://www.tomstrignanoforexexclusive.c ... 12/10/325/

Forex Megadroid? I was able to verify 1.5% per month.
Probability? It has some potential, I would say 2% per month.
20% per month risk for little purpose.

What matters is what trend is and to disable the robot from trading in opposite direction, and decide when to disable the robot alltogether.

This simple method for newsbies works equal well. Your first profit is saving money on robots.

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Re: Do forex robots work?

Postby SharpForex » Tue Jan 25, 2011 8:57 pm


You have obviously been around for quite awhile and give GOOD advice here! The simple fact is that a robot lacks that vital ingredient called "human intuition" so necessary to long-term success. I have seen these robots place trades when it is so glaringly obvious that you ought to saty out. I have also seen them take pitifully small profits against substantial risk. Stay away!

Of course, the same cannot be said of a "manual" Expert Advisor with the purpose of assisting the forex trader. For example, an EA capable of making quick calculations, triggering alerts, and managing manual trades can be an invaluable resource. But it cannot never replace a real person with real market knowledge!
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Re: Do forex robots work?

Postby Gayl » Fri Feb 04, 2011 5:55 am

Never tried them .
but a friend of mine does and he is earning very high money using them ( that is the main thing which inspired me to come into this niche ) .
The great thing in this world is not so much where you stand, as in what direction you are moving.
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Re: Do forex robots work?

Postby Rom » Wed Feb 16, 2011 9:54 am

My trust in your friend is nil. Testimonials are paid wiht affillate commisions. It is no law against it. It is regarded as buyer's problem if they believe in such.
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Re: Do forex robots work?

Postby fxjennifer » Thu Mar 10, 2016 2:35 am

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Re: Do forex robots work?

Postby david100 » Fri May 06, 2016 12:22 pm

I am using a Forex BOT since 3 weeks, and my personal experience is very positive.So i would recommend that if you want to make easy money without any effort then you a robot which helps you to trade successfully. ... -advanced/
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Re: Do forex robots work?

Postby kaha » Wed Jun 01, 2016 4:41 am

like hypothetically speaking, people wont be devveloping EAs/Bots if they did not work, but the margin of having a good working bot is slim, usually developers try to make a buck by selling them instead of using them. but yeah i know of traders trading hotforex with an EA and VPS
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Re: Do forex robots work?

Postby davidson333 » Tue Mar 21, 2017 11:22 am

Like everything on the net, you have to do your homework. Some bots are worthwhile. Some are garbage. You need to try a few and learn what works. If you don’t plan on a forex robot saving your financial future then you will not be disappointed. But they can work.
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