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Old 2010-10-08, 12:47 PM   #1 (permalink)
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Default Does anyone trade by using robot?

Hi! I heard that everyone can use free robot program to earn money by trading forex in markets. Is it true or just a scam? If it is true, how does it work? Please share with me your opinion. Thanks.
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Old 2010-11-05, 08:31 AM   #2 (permalink)
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it is true, but depends just on what robot you use and how exactly you use it. seems nothing difficult, but in practice it is not so)
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Old 2010-11-05, 08:49 AM   #3 (permalink)
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IMO, there is no good free forex robot. 95% of systems are garbage.
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Old 2010-11-09, 06:11 AM   #4 (permalink)
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Quote:
Originally Posted by sonjeriff View Post
Hi! I heard that everyone can use free robot program to earn money by trading forex in markets. Is it true or just a scam? If it is true, how does it work? Please share with me your opinion. Thanks.
If you have some problems with control of emotions it's definitely better for you to use forex robot.
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Old 2010-11-11, 02:45 AM   #5 (permalink)
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What forex robot you can advise?
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Old 2010-12-06, 07:33 AM   #6 (permalink)
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Maybe 0.1% of robots are good, so you will need to look at a thousand to find something that is profitable. If you are into forex for easy money, I can asure you there is nothing easy about it, you will have to work hard...
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Old 2010-12-20, 06:01 AM   #7 (permalink)
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Quote:
Originally Posted by forexOfTime View Post
IMO, there is no good free forex robot. 95% of systems are garbage.
5%

Quote:
Maybe 0.1% of robots are good, so you will need to look at a thousand to find something that is profitable. If you are into forex for easy money, I can asure you there is nothing easy about it, you will have to work hard...
0.1%

Based on what do you tell this numbers?

Agree, there is tons of spam and scam, but some of them really working.
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Old 2010-12-20, 07:26 AM   #8 (permalink)
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Quote:
Originally Posted by Sonic View Post
5%



0.1%

Based on what do you tell this numbers?

Agree, there is tons of spam and scam, but some of them really working.
Based on experience, obviously I have not done a study

The ones that are working for you, are you sure its not just luck? Even the worst system will have a lucky strike if you start it at the right time...

Last edited by SirJim; 2010-12-20 at 11:26 AM.
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Old 2010-12-23, 12:44 AM   #9 (permalink)
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Quote:
Originally Posted by SirJim View Post
Based on experience, obviously I have not done a study

The ones that are working for you, are you sure its not just luck? Even the worst system will have a lucky strike if you start it at the right time...

Hm... my friend, no matter what, you need a little bit of luck in this life to be successful. To find a system that works already a miracle.
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Old 2011-01-11, 09:37 AM   #10 (permalink)
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There are some good robots out there. Most don't match up to the packaging and are flawed. All do better in some specific market contitions. It is really how badly they do at other times that counts. Some need resetting to reflect the current trading of currency pairs, but that needs a lot of espertise and accessible settings that are fully understood in the Robot.

If you are looking for 100% returns plus a year then it is unlikely to be achievable year in year out.

Live expert traders like to achive 20 - 30%. So an EA run to its proper settings that is well written that achieves between 10 to 50% per year is pretty good. Robominer was doing this, but too many were tempted by ramping up the settings beyond the guidance. It's developer recently released PIPen, to address this and focus on investors with a more realistic idea of returns. He talks about his mathematical trading ideas at personalinvestorplan.com in a very open way - see his book on retirement planning.
Review sites are helpful, plus training-up on how the markets work and getting experience will assist you. Dive in only when you know how safe the water are!
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