Do forex robots work?

Have a question about trading? Any questions are welcome. Go ahead!

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!
Posts: 15
Joined: Fri Jan 14, 2011 4:32 am
Location: Melbourne, Australia

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.
Posts: 2
Joined: Mon Jan 31, 2011 1:59 am

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
Posts: 94
Joined: Tue Feb 05, 2013 3:55 am

Return to Newbie questions & answers