Just a noob question about "automatic Forex trading" robots
There are tens and tens of automatic trading robots out there, which gave you signals, starts and stops, and everything you need to do is just blindly follow them. At least this is what there sellers say. Price range can be anywhere from $29 to $99 per month to use them on membership basis or from $49 to $590 to pay them at once forever...
Now there is a lots of pro and contra debate about the robots in Forex trading...
My question to experienced traders, who also tried some of these robots is that there is any or will be any Forex trading robots that will be totally safe to use, better than "manual" trading, or, you would advise any newbie who has no time or does not want to learn to trade himself that instead of paying for any robot ever to better find a good managed account, and go with that forever.
Re: Just a noob question about "automatic Forex trading" robots
Quote:
Originally Posted by lionking
There are tens and tens of automatic trading robots out there, which gave you signals, starts and stops, and everything you need to do is just blindly follow them. At least this is what there sellers say. Price range can be anywhere from $29 to $99 per month to use them on membership basis or from $49 to $590 to pay them at once forever...
Now there is a lots of pro and contra debate about the robots in Forex trading...
My question to experienced traders, who also tried some of these robots is that there is any or will be any Forex trading robots that will be totally safe to use, better than "manual" trading, or, you would advise any newbie who has no time or does not want to learn to trade himself that instead of paying for any robot ever to better find a good managed account, and go with that forever.
Sorry if this problem was asked about many times.
..
I would definetly say get yourself a good managed account.
There are tons of forex robots out there that just don't do the job (would you sell an EA that works perfectly?)
I was in the same situation as you a few months ago...
But am happy that I took a managed account with the guys I'm now.
Re: Just a noob question about "automatic Forex trading" robots
Forex bots can work well but they are not perfect. You should never just blindly follow the advice of one of these programs, although you should take it into consideration.
One of the main problems is that these programs cannot predict events that may affect the markets. That's why its important to always be aware of what is actually going on in the world
Re: Just a noob question about "automatic Forex trading" robots
Quote:
Originally Posted by Alibubble
Forex bots can work well but they are not perfect. You should never just blindly follow the advice of one of these programs, although you should take it into consideration.
One of the main problems is that these programs cannot predict events that may affect the markets. That's why its important to always be aware of what is actually going on in the world
Indeed the best EA's are the ones with a little bit human influence.
Re: Just a noob question about "automatic Forex trading" robots
dont be fooled it doesnt work
a trader without a robot is like a fish without a bicycle.
buying such system and paying someone to trade it for you is the adult equivalent of waiting for santa. there are alot of flaws using it.
good advice is better you get a sound tradding course online with a good mentorship or better still get a good account or fund manager.
definately you might not get me as am not advertising myself
Re: Just a noob question about "automatic Forex trading" robots
I didn't believe I'd ever get an EA that works either, but I'm testing now after 3 years of looking and looks great so far.
Showing forward testing profits of between 12% and 212% in 3½ weeks on various money management strategies, and a risky strategy result of 95% profit in 8 days.
__________________ EA results updating every 15 minutes...
-- from $100,000 to $329,327 --HolidayTime_3 ... +229% NET profit in 5 weeks
Re: Just a noob question about "automatic Forex trading" robots
Quote:
Originally Posted by fx_aussie
I didn't believe I'd ever get an EA that works either, but I'm testing now after 3 years of looking and looks great so far.
Showing forward testing profits of between 12% and 212% in 3½ weeks on various money management strategies, and a risky strategy result of 95% profit in 8 days.
That are some nice returns!
IS the Ea developped by you?
could you elaborate a little bit what it is and how it trades?