Forex for a trader
Forex robot

Forex robotOur forex robots have found over. Meet the most powerful expert advisors ruling the markets right now. Declare War On Your Broker. Odin turns your forex terminal into a grid trading machine. Elite code meets a vicious strategy. Learn more. Rip Your Charts Apart. Ganon uses our exclusive new Strand Theory™ to cut through charts. Finds strong trend trades. Learn more. The Ultimate Forex Robot. Vader slices your charts into pieces using daily Fibonacci levels. Finds big forex trades.

Learn more. Pips, Meet Your Maker. Forex trades can't hide from Reaper. Daily breakout trading gives it untold trading powers. Learn more. Trade Like A Wild Animal. Falcor eats pips alive. Price action helps it take down the biggest forex trades with ease. Learn more. A Primal Instinct To Find Pips. Hunts down and trades fractals like an animal.

The automated version of the Fractal Breakout. Learn more. The Original Automated Killer. The software that started it all. Scans 8 time frames at once for incredible forex trades. Learn more. More Trades, Less Risk. Make pips from the price when it moves in either direction with automatic hedging. Learn more. Loves market volatility. Ready for the most hectic charts you have. Learn more. An Indicator With Shocking Precision. Harness the power of fractals to find easy signals on any forex chart. Learn more. Trends Until The End. Detects huge directional pip movements early.

Loves large trades. Learn more. Utilizes advanced Elliott Wave Theory to trade market tops and bottoms. Learn more. A forex robot (aka "expert advisor") is software that trades a forex system for you. They run inside your forex terminal and can be attached to any currency you choose. Using advanced calculations they open and manage forex trades for you according to a forex strategy. Every EA is different. Use more than one at the same time for best results. No experience is required and setup is simple. Using a forex robot is the only way to improve your trading instantly.

With an expert advisor you can instantly start trading a working system regardless of your own skill level. Difficult calculations and safe money management are handled for you. They never sleep and can look for trades 24 hours a day5 days a week. And they're the only way to cover multiple pairs at the same time. Every expert advisor is fully automatic and loaded with features to dominate any chart. We code everything but the kitchen sink into all of our forex robots. Automatic hands free forex trading? Yep. Proper money management? Check. Stop management and automatic take profits?

You bet. Each expert advisor is fully optimized for any currency pair. And they can trade micro, mini, and standard lots. The forex robot that is dominating charts everywhere. Introducing Odin: an unrivaled expert advisor with brutal trading accuracy. A legendary forex strategy meets our most intelligent code ever. Odin uses an advanced grid trading strategy to find beautiful forex trades automatically. Automated From Start To Finish. Opens, manages, and closes the best trades for you. No need to lift a finger. Legendary Grid Trading Strategy. Plots chart price in real time to find the best entry and exit points with no lag. Real Time Broker Shield™ Keeps shady brokers from trading against you by guarding your trade information. Our Most Popular Forex Robot. The #1 choice of professional forex traders using expert advisors in 2018. Fully Optimized Settings. Comes loaded with optimized settings for over 20 common forex pairs. Simple To Setup And Use. Designed for any skill level.

Get up and running in less than 5 minutes. Truly elite performance. Odin is currently the #1 choice of professionals using expert advisors in 2018. Brand new Broker Shield™ technology keeps your trade and terminal information hidden from curious brokers. Odin finds great forex trades using a reliable grid trading strategy. Every price movement on your charts has smaller movements inside of it. Plotting each movement against a grid reveals predictable patterns. Odin takes these patterns and analyzes them for future probability. The end result is highly accurate trades with no indicator lag. Perfect entry and exit points. Price plotting creates an accurate road map of where the price has been and where it is going. Accurate Stop Loss and Take Profit.

Tight SLs and TPs protect your balance and secure profit while minimizing risk per trade. Lock in profit as the price keeps moving. Automated protective stops move behind each candle to lock in profit while the trade remains open. Implement a proven grid trading strategy on your charts in 5 minutes. Manual trading isn't simple or quick. It takes years of trial and error to trade forex accurately. Odin is years of our experience, hard work, and real world testing rolled into a single piece of automated forex software. Place it in your forex terminal and your done. No complex strategies to learn. All of the grid trading rules are coded directly into Odin. No need to study charts or crunch numbers.

Trading never stops. Odin monitors the market 24 hours a day, 5 days a week. Never miss a trade because you're sleeping. Diversify your forex equity instantly. Never put all of your eggs in one basket. Odin is a quick way to diversify your account equity and lower risk. Odin manages every aspect of forex trading for you 24 hours a day. We've designed Odin for every trader regardless of skill level. It's a complete solution that will handle everything for you automatically. From basic things like opening and closing trades, to advanced calculations like money management and profit control. Keep your broker honest. Forex brokers are not your friend. Odin's new Broker Shield™ keeps sensitive information away from your broker. Works with any account size, big or small. Built in money management calculates the safest lot size for you automatically. Micro, mini, and full lots are supported.

Clean and informative visual interface. Odin's modern UI and user friendly interface let you see exactly what it is doing at any point in time. What do I need to start using Odin inside my forex terminal? Odin was designed to run inside of the MetaTrader 4 forex terminal. Several major brokers offer instant MT4 demo accounts for free. Simply drag and drop Odin into your MT4 terminal and attach it to any forex chart. Installation is very simple and takes less than 5 minutes. Is previous forex experience required? Not at all. Odin handles everything for you. Anyone can use it on their charts to find great forex trades. What kind of support is included?

Our dedicated support team is here to help you every step of the way with anything you might need. Can I start with a demo account? Absolutely. Start with a demo account and switch to a live account at any time in the future. Or go live right away. What is a 'Forex Trading Robot' A forex trading robot is a computer program based on a set of forex trading signals that helps determine whether to buy or sell a currency pair at a given point in time. Forex? robots are designed to remove the psychological element of trading, which can be detrimental. While trading systems can be purchased online, traders should exercise caution when buying them this way. Automated Forex Trading. Forex System Trading. BREAKING DOWN 'Forex Trading Robot' Forex trading robots are automated software programs that generate trading signals. Most of these robots are built with MetaTrader, using the MQL scripting language, which lets traders generate trading signals or place orders and manage trades. Automated forex trading robots are available for purchase over the Internet, but traders should exercise caution when buying any such trading system. Often times, companies will spring up overnight to sell trading systems with a money back guarantee before disappearing a few weeks later. These companies may cherry-pick their successful trades or use curve fitting to generate great results when backtesting a system, but are not legitimate systems for assessing risk and opportunity.

There is no such thing as a “holy grail” for trading systems, because if someone did develop a money making system that was fail proof, they would not want to share it with the general public. This is why institutional investors and hedge funds keep their “black box” trading programs under lock and key. Developing Your Own Forex Trading Robot. Forex traders may want to consider developing their own automated trading systems rather than taking a risk on third-party forex trading robots. The best way to get started is to open a demo account with a forex trading broker that supports MetaTrader and then start experimenting with developing MQL scripts. After developing a system that performs well when backesting, traders should apply the program to paper trading to test the effectiveness of the system in live environments. Unsuccessful programs can be tweaked, while successful programs can be ramped up with increasingly larger amounts of real capital. In general, many traders try to develop automated trading systems based on their existing technical trading rules. Some such systems are more successful than others. An example might be a trader who watches for breakouts and has a specific strategy for determining a stop-loss and take-profit point. These rules could be easily modified to operate in an automated fashion rather than being manually executed. Traders should keep an eye on these systems to ensure that they’re working as expected and make adjustments when necessary. Do Automated Forex Trading Software or Robots Work? When trading on the Forex market, sometimes it’s tempting to just to sit back and let a pro or an automated device do the work for you. This is why robots became popular. Basically, robots and other forms of automated software, promise to make traders big profits with little or no effort on their part. It’s just the lazy man’s way of trading.

What Exactly Is a Forex Robot? It is a software application specifically created to perform trades on the Forex market through computer automation. Forex trading robots became so popular almost from 2007. As far as I can see, some of them are still being sold and some new ones come every now and then. The question is whether they really work and who buys them and why? Can’t people trade on their own? Do they really need an auto-trading robot to make money for them? What Does a Forex Robot Do? Why would Forex traders want to use robots? Their main goal is making easy money out of the Forex market, without doing anything manually or having to sit at the computer. Most Forex traders lose and when they get fed up of losing, they look for the other ways as the solution. And, robots look like a good solution at the beginning. Robots users have to find a good currency pair and ideal time-frame to trade in it to maximize their profit. This is what the robots developers let them know when they buy a robot. Some robots are able to scan numerous charts and watching their movements all at the same time, which is beyond human capability somehow. Also, robots are programmed with parameters needed in making trade decisions.

With embedded trade signals, they decide when or when not to trade. Some robots offer solutions to find profitable trades even in erratic market chaos when the trending direction is unclear. By following the best trend, they can maximize their profits and possibly eliminate chances of taking losses. Obviously, trading against the trend leads to loss after loss while trading with it, maximizes profits regardless of the method or robot that is used to trade. But wait a second. Such a description can be seen on the websites that promote those robots. Is There Such a Robot That Finds and Follows the Trends? I am going to answer this question shortly. Most robots trade within the range or sideways market.

They make some pips trading inside the tight range during the slowest forex market time, while they usually set a few pips target and either a too wide, or no stop loss. They succeed to make profit in most of the trades they make, because they make a few pips in each trade. But a sudden, strong and unexpected range breakout wipes out all the profit they’ve made. Some robots make money in a positive trend but lose money in a choppy market. Thus, finding a great trend to follow is crucial. How Effective Are Robots? Although Forex robots promise make profitable trades, they are not all they’re cracked up to be. According to the federal government, most of them are scams. Likewise, you’re not too likely to find articles in the Wall Street Journal or any other reputable news source that promotes them. Even online robot merchants promote their robots by claiming their competitors’ are scams. Many are advertised with false claims by people who’ve made money using these systems. A great number of investors lost money using them. In fact, some had their entire accounts wiped out. If you want to know how effective they really are, check out reviews online. All of the reviews are posted by the traders who have not been able to make any profit on their own, and so they use a robot to make some money for them.

Though they can scan millions of charts within seconds, 90% or more turn out incorrect information. Forex Robots Are Only Robots. Even though robots can perform highly sophisticated tasks, they can’t think creatively. Likewise, they can’t imagine what may happen in the future as their functionality is limited to how they were programmed to analyze the past performance. For traders that use one, they should not depend on it to do conduct all their trading activity. After all, trading requires a great amount of human observation and research. Also, humans, not software, can follow up with economic conditions or keep up with the financial news. Robots can only find positive trends and trading signals, but sometimes their functionality is adversely affected by jittery trends or false information. Hackers and viruses might also hamper robots. Automated forex trading software or robots are good opportunities for their developers to make money, not for you as a Forex traders. They not only don’t make your rich, but they can also wipe out your account and blow up your trading capital. But they can make the developers millionaires. Smart developers know that people are eager to make money. And, Forex trading is one of the ways people can follow to make money. However, they use this as an opportunity to create a robot or software (or an e-book, DVD, course, seminar, webinar, …

) to sell and make money. If the robots they sell, could really make money through trading the currencies, then why they are selling them to others? Why don’t they use the robots to trade on their own Forex accounts? This can have less headache for them. But selling a product has a lot of headaches, and is a lot of work. The answer is they know the robots they create don’t make any money for the Forex traders. They are the only one who make money through selling the robots. Can a $99 Robot Make Thousands of Dollars Every Month? If yes, then why do they sell it for a $99 one time fee? If it was that easy to make money using the robots, now everybody would be doing it, and you wouldn’t see anybody on the streets going to work every day. It is possible that a robot makes money for a limited time. But then it starts losing.

In most cases, it wipes out all the money it has made, within a position. Most robots are scalpers. They make a few pips with each position they take. They set a very tight target and too wide or no stop loss. Can a trader survive with such a strategy? Forex trading is an skill, knowledge and art. It is something visual and analytical. It cannot be done by a software. Besides, markets conditions change all the time. It is only an experienced trader who is able to distinguish when to enter the market and when to stay away from.

Don’t waste your time and money on things like automated forex trading software or robots. Instead, spend some time on learning a strong trading strategy. Become a professional trader who relays on his own knowledge and experience, not on some pieces of computer codes written by someone who is not a trader himself: Trading Strategies Don’t Work If You Don’t Choose the Right Living Strategy. Just before you go, did you check This System? Make sure to do it now, otherwise you will regret. Read related articles: + Click Here to learn who we are and why this site was created. + Click Here to receive our eBook for free. hi Chris…fabulous article…learning to trade for yourself is too exciting and especially starting at the right place which is LuckScout! I only pray that those guys using those robots discover this site before its too late! Thanks and happy trading.

Hi Steve, Thank you and happy trading to you too. great. article Thanks CHRIST. Your article above is so tru…. BUT, you missed out on the “Grey” area…and that is creatingdeveloping trading “Bots” that are not 100% automated… but take control of a trade once you set it in motion… Unfortunately, I have nearly killed myself trying to program the “perfect” EA and I have now realized that… I’d actually rather trade than continuously keep tweaking and changing my algorithm… All that being said, I do however strongly believe in the power of semi-automating your trading. What I mean here is that I believe that if I have a set of criteria already in place before I make a trade….and then let the computer to enter, manage and exit that trade without any input from me… then I’m happy…. No stress… no human emotions…. Sorry for going on here… but…. I am not disciplined enough as a human to be a good trader so I rely on a little help from my cpu friends…. Thanx for your great site….

I really appreciate the effort you guys are putting in… Thank you for your comment, and welcome to LuckScout ?? You are right about the semi-automated robots that help the traders manage their positions, move the stop loss and target, hide the stop loss and target from the broker and… . They are good. In the above article I am talking about the fully automated robots that are sold over the internet. They make the novice traders lose money and get disappointed on trading. One of my friends has developed an EA which is able to plot supportresistance lines on the charts. It doesn’t take any positions at all. So it is not an auto-trading robot. It just plots the lines. He wants to share it on LuckScout for free. It is a while that I am checking it to see if it is good enough to be shared on the site, and I have come to this conclusion that it can help novice traders learn technical analysis much easier and better. So I have decided to share it on the site. This is also the example of a good “white hat” robot.

So in general I agree with you that some robots can help. I’d be very interested to have a look at that EA of your friends (maybe I can incorporate it in my trading “Bots”)… I’ll see if I can find it posted somewhere… Thanx again for your time and effort…. it is appreciated. You are welcome. Hopefully we will share it on the site this week. Hello, I’ve just developed a simple robot for cTradeR platform which manages the open positions. This cBot will get the most of your winning trades.

It will prevent hitting the target while you are surfing a winning trend, without risking the pips you are already earning. When the bidask price of the currency you are trading is about to hit the target, this cBot will move the take profit setting a few pips further, and will put the STOP LOSS a few pips away from the current price. This process will be repeated until the SL finally gets hit. Thank you for sharing Sebastian. Good luck ?? robots are shucks. Hello chris thanks a lot for your article. It will help me a lot . Hey Chris, I can not see any analysis for the week. there are different kind of robots in the world… robots for $99 suck for sure, as Chris said, why would developer bother to sell it instead of trading it? but there are robots for $5-10k and a proven record for the past 5years with 100% and even 200% gain. they do exist, but they cost. banks trade with robots too (do they use it even if they are crap? i don’t think so). internet is full of crap, same as is full of false signals and our goal is to find that good one. good robots do exist, semi & fully automatic, but not for $100 or $200 ?? Erik, I enjoyed your comment about the robots.

I’m sure there must be some out there that work pretty well. Do you know the names of any of the robotssoftware, even in the higher price brackets that have a proven track record? I would like to check them out. Thank you. Don’t believe everything you read from strangers in cyberspace Take everything with a pinch of salt and do your own research. chris for me it is difficult to make 25 percent. my target is 12 to 15 percent per month. Am i professional trader. 12-15% is also great if you can do it consistently. I’ve recently bought robot Pulse Detector – automated tools. com. I was wandering if you have triedheard anything about it. It allows us to trade manually as well. It’s hybrid. Please share your experiencethoughts about it. Is it better idea to trade manuallyautomated ? It’s my understanding that a lot of people here prefer not to use them. I’m working on keeping a portion of my activity under my control and a small portion to be tested on fap turbo or myinvestco.

com megadroid that will be automated free of emotion or excitement. Using robots help us very much especially if you actually do it right in the parameters and if you understand the market and keeping in mind that there are lots of scam and stupid robots. One of the biggest problems is that we need a VPS for those. A friend recommended me a platform called vertex which have great features which saved us thousands of dollars. One of the main features is the free EA hosting! Thanks, dad for letting me know about “Super Simple Bot”. I’m finally getting a grip on my finances. Do a quick Google search for details. So you just heard about the bot presumably and are already getting a grip on your finances? I have never ever trusted any robot. They are all scam. thanks Chris for reminding. Why am I seeing ads for binary option robots everywhere, even here? Actually robots are good and very useful.

They automate our trading and help us to get better results and performance. Of course this depends on the robots. For example i mix manual trading and automated managing of these trades. I use a robot called profit defender to set automatic trailing stops to my manually opened trades. This way i don’t care about my trades when i am not in front of my computer. If there are any other traders who do the same please share your experience here i would like to get other traders opinion. The robots that help you manage your open positions are helpful. The above article is talking about the “auto-trading” robots which means the robots that analyze the price and take the positions on their own. Regarding your robot, you have to note that your computer has to be always ON otherwise the robot doesn’t work. Or you have to rent a VPS and let the robot work on it 24 per day. Hi. Where can I get robot? By accident I stumbled across this site…. and start reading…

As my experience led me: I also pay my fair share of “school fees” A black box or five , a robot here and there. Newsletters. Tip services. You name it : I`ve tried it. It took me quite while to accept: There is no such thing as easy money…. I am fortunate to be a South African. We have a legendary world class golf player: Gary Player who said:(Quote): “The more you practice, the luckier you get” I`ve decided to follow his advise: And today, roughly 13500 hours ( roughly 12 years) later, I can look back and say :Mr. Player, You were right… Now I can dance with the market…. I no longer look one dimensional to a chart. Nor three dimensional. Or ten. I`ve become an extension of her.( The Market) Or she of me. I don`t know. I look at her. And she smiles. I`ll smile back.

We love and respect one another. Do we beg to differ? Of course. Like any normal couple would. We just sort it out.(Counseling) Thank you, Mark Douglas((Trading in the Zone) and all the other friends (books, seminars, you tube etc) who unconditionally shared there knowledge, wisdom and inspiration. (Small print:countless hours, lonely cold nights) Ye, what would I`ve been without Market Wizards, who thought me the words: “Infinite return” Today I am a living testimony that words like these, are possible. Wished by many. Ute-red by few. Not bragging. No need. You want to dance with the market? Sweat. Labor. Tears. Joy, Fun, Laughter.

Can a robot have any of these? I doubt. Enough of me. I have to go. I want to go and dance….with the market…… Kobus G. I agree that most of what is available on the internet is total junk that does not work HOWEVER, I disagree it is not possible. in fact jpmorgan just announced they have developed an AI that replaces all of their manual traders and works far more efficient so now their client order entry is far more efficient. can their AI be used to speculate? of course it can! automation is the wave of the future which really, can you even call it a market any more with robot vs robot? I have developed my own which proves it is possible. the technology is unique and one of a kind unlike anything else out there I have seen and I have looked at just about everything. the system covers both range and trend at the same time which is unheard of. the key for my system was not being greedy. if you want to automate, which I recommend, just make sure you keep it very conservative always increasing the balance over time. when you are available to trade manually, cherry pick the positions and manage them correctly for the bigger boost in balance. the reason I chose to automate to begin with was to free up time and take advantage of the fantastic trends that occur in the market just about every day and certainly within each week without having to go crazy and blind staring at screens all the time. if works and it was not an easy thing to invent either.

another thing, this blog recommends to trade daily bars and above which for manually trading is absolutely correct since the big money is always in the long term trends. the shorter term you go, the more noise in the market, the more noise, the less reliable = loss which is exactly why ***CORRECT*** automation for short term makes complete sense. besides that, as a small speculator, how are you going to compete with juggernauts like jpmorgan and goldman sacs who have unlimited resources to develop elaborate AI technology? simple answer, YOU ARE NOT! or just stick to the long term trends as this blog has already recommended and forget about short term which is unreliable for most if not all as this article correctly pointed out. I recently recovered funds from a scam broker, Omega Options. They intentionally make you loose trades so you deposit more money. I had to hire a professional to get my money back. Lesson learnt, happy to share my experience. Join Our 24,000+ Loyal Followers & Receive Our eBook For FREE Now! Click Here to Enter Your Email Address and Check Your Inbox. Join Our 24,000+ Loyal Followers & Receive Our eBook For FREE Now! Click Here to Enter Your Email Address and Check Your Inbox. US Search Mobile Web. Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search . The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate. You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account. If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum.

Testing forex robots to find the best of the best. Welcome to our website! This is a 100% free forex robot (expert advisor or EA) testing site. All of our trading results, charts, and stats are available to you at no cost. We don't have a members-only area charging you expensive fees for so-called "secret" robot information. We don't ask for your e-mail address and are not even interested in obtaining it. If you do contact us, we'll reply (in most cases), but we'll never use your e-mail for any other purpose, including spamming you to shamelessly tout the latest "hot" robot claiming to make you a millionaire in two months. Like you, we're interested in finding truly profitable robots. We've tested over 300 robots on our own servers and we're always on-the-lookout for a new, profitable robot. Our site is frequently updated so be sure to visit often.

We hope you find it useful in your quest to take money out of the markets. Our FAVORITE ROBOT and used on our real account. FOR 22% OFF REGULAR PRICE, USE OUR EXCLUSIVE DISCOUNT CODE: BESTFX22. Currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, EURJPY, USDCHF. DEMO ACCOUNT TEST RESULTS: Using 3 recommended pairs (EURUSD, GBPUSD & USDJPY) Start date: February 14, 2018. Ranking based on MONTHLY RETURN: For more up-to-date performance results on our demo accounts, click the buttons on the Navigation Bar (on the left-hand side). Table above is updated periodically. By using this site, you agree to, and accept, our Terms of Use. OUR ROBOT TEST RESULTS (UPDATED EVERY 5 MINUTES): Currency pairs: USDJPY. VENDOR'S LIVE ACCOUNT RESULTS (using investor password access): Start date: April 27, 2017. Live broker: FIBO. Currency pairs: EURUSD, GBPUSD & EURGBP.

DEMO ACCOUNT TEST RESULTS: Start date: February 16, 2017. Demo broker: Forex. ee. Currency pairs: USDJPY. DEMO ACCOUNT TEST RESULTS: Start date: February 19, 2018. Currency pairs: EURUSD, GBPUSD, USDJPY. VENDOR'S LIVE ACCOUNT RESULTS (using investor password access): Start date: July 27, 2015. Live broker: Blackwell Global. FOR 22% OFF REGULAR PRICE, USE OUR EXCLUSIVE DISCOUNT CODE: BESTFX22. Currency pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, EURJPY, USDCHF. DEMO ACCOUNT TEST RESULTS: Using 3 recommended pairs (EURUSD, GBPUSD & USDJPY) Start date: February 14, 2018. Commodity Futures Trading Commission (CFTC) Forex, Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the forex, futures and options markets. Don't trade with money you can't afford to lose.

This is neither a solicitation nor an offer to buysell currencies, futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER - OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. As indicated above, simulated trade results on demonstration ("demo") accounts may be inaccurate and misleading -- they may not reflect the actual results the user would see on a real account (using real-money). For example, demo accounts cannot reflect factors such as trade execution "slippage", which occurs on real-money accounts but not on demo accounts. Slippage is the difference between the expected price of a trade (market price), and the price the trade actually executes at. Slippage often occurs during periods of higher volatility when market orders are used, and also when larger orders are executed when there may not be enough interest at the desired price level to maintain the expected price of trade (known as the "lack of liquidity").

These types of adverse factors must be dealt with in a real-money account, but they are usually not reflected in a demo account environment. Thus, it is entirely possible that a trading robot shows profits on a demo account, but performs poorly on a real-money account. Unless otherwise specified, all trading results shown on this site are from demo accounts. By using this site, you agree to, and accept, our Terms of Use. Forex robot scams encompass Expert Advisors (also famously known as EAs) and other automated trading systems. What is a forex robot? In the forex world, a “robot” is a program that strictly uses technical signals to enter into trades and lets the human sleep in a hammock on a beach while he “makes” money. With a push of a button, the forex robot runs continuously, making trades signaled by mathematical algorithms applied to past price history. In order words, they run automated mechanical systems, whether or not the user is in front of the computer or not. The problem is that forex robots and their pre-wired thinking do not compensate for ever-changing market conditions. Market behavior is dynamic, constantly moving in an infinite variation of three movements: up, down, or sideways. Now, the scam isn’t the forex robot itself but how they are marketed. Scammers will often try to sell these robots and automated systems as the “holy grail” of trading, promising you’ll retire sometime next week. And they sell them at “human affordable” prices ranging from $20 to $5000.

All right, stop. Collaborate and listen. If the creator is making big bucks with the system, why would heshe try to sell it and share the profit? And why for only $20?! You can barely get a decent meal at Chick-fil-A for you and your sweetums with $20! The only real profit for these fraudulent people is the revenue generated from the sales of their forex “R2-D2s.” The scammer will try to entice you with historical data and back-testing logs. It’s back-tested!! It must work. And it’s only $20!! That’s less than a PS4 game! All right, stop. Collaborate and listen.

Again. Sure, it might look highly profitable. However, in the forex market, there is no such thing as a consistent market. Conditions are changing all the time. The past has little effect on the future in a changing market. We don’t know for certain that what happened in past will happen again in the future. There are too many variables to consider. Plus, you don’t know if these scammers are making up the results anyways. They could just input random numbers into an excel file as most people wouldn’t bother checking if they are accurate or not. Stay away from automated systems and robots until you become a master trader AND programmer. Beginners know nothing about trading or how forex markets behave, so they will not understand how the robot works, what environments they are best suited for, or how to tweak and adjust the system. It is best to actually learn how to trade consistently before you make the decision to let a program do it for you. Think about it this way: Would you give a total stranger (with no brain to boot!

) your hard earned money to invest without having a clue on what heshe was doing? Forex robots can be a great tool, but let’s be real - there is no perfect “one” that will work in all environments, all the time. Forex Automatic Trading Robots – Things You Must Know Before Using Them. The popularity of forex automatic trading robots keeps increasing, in spite of the dubious returns generated by using them. If you’re interested in trading currencies, there’s more than a slight chance that at some point in your trading career you’ve considered buying one of the software advertised online as the greatest revolution in trading, the best robot that awes the pros and experts with its successes. There’s little merit to these ostentatious claims, but if you are intrigued by them, here are some things you must know before using or buying any of the forex automatic trading robots. Forex robots are automated systems that enter trade orders in the place of a human trader. They are programmed to generate returns by the application of mathematical rules which are decided by their creators. In other words, the intelligence and skill of a forex robot is entirely dependant on its creator. The forex robots run the pre-programmed routine under all circumstances; they don’t change, revise, or adapt it to changing conditions in the market, but will attempt to cut losses based on the instructions provided to by the programmer. The commands executed by the robot are based on the tools of technical analysis, but sophisticated programmers will also use back testing to optimize the results of their robots.

This process can be automated itself, and involves tweaking of the program to ameliorate its performance with respect to maximum drawdown, the placing of stop-loss orders, and other aspects of money management. What the programmers of these robots won’t tell you. There are important problems with the logic behind the creation of the forex automatic trading robots, and the actual results generated by them. The first and obvious issue is the fact that the robots have never been tested in actual market conditions. In almost all cases, they are tested on historic data, and non-trade related problems, such as connectivity issues, or problems that originate from the broker which would not be reflected on market data, are ignored. For example, even the best robot will be useless if during some inevitable technical problem originating at your local ISP a brief blackout wipes out your account. Similarly, if, for whatever reason, spreads of your own broker widen to levels much greater than that prevailing in the vast majority of the market, even the best automated system will be useless. Only good money management methods, through the use of proper stop-loss orders, and preparation and willingness to admit and recognize losses can ensure survival against such periods. The second issue is born of the fact that by using a forex automatic trading robot, you’re basically handing over the control of your finances to a machine that has no brain. It is programmed to run according to a set of rules at all times, and has no ability to adapt itself to changing circumstances, regardless of the severity and importance of the changes in question. This is perhaps the most important disadvantage of using a robot in the forex market where change is the only constant. Finally, and in relation to the above, we should remember that the robots are only as smart as their creators. Do you really believe that the peddler selling you the robot is a market-busting genius at the level of a Warren Buffet, or George Soros, who, after all, have had their own fair share of disastrous trades over the years? If you don’t think that the peddler is that smart, then why do you expect rules written by him to beat the markets in a way that even the best traders with proven records have never been able to do? Conclusion: What to seek in a forex robot? We do not advise that you purchase any forex robot, since trading by using them, without understanding and knowing what you’re doing goes against all the basic principles of a successful trading career.

The only kind of forex robot useful for you would be one which you could use to automate your own trading strategy, or one that you understand and are confident about, having examined the inner mechanism, and design of it. When you buy a forex automatic trading robot, you know close to nothing about why and how it performs, since even their creators don’t know why the particular combination on the basis of which the robot is operating is supposed to be creating good returns in the markets. On the other hand, if you create your technical scheme and want to automate it, there’s nothing wrong with purchasing a forex API pack from a forex broker or API developer and using it for that purpose. But many of us lack the confidence and the experience necessary for creating and customizing these tools ourselves, which is why the robots are so popular on the market these days, advertised by extravagant claims, and hyperbole. In short, the forex automatic trading robot is an alluring, great idea that promises a lot, but delivers little due to the random nature of price action in the financial markets. If in spite of all the information in this article you still have confidence that some of the robots out there deliver the incredible returns promised by their creators, consider the obvious. If the owners of these systems have achieved the Holy Grail of trading, why would they peddle it to you online for meager sums? They would not even need to advertise them, as financial institutions all over the world would compete with each other to acquire these products from them. Instead, large firms and broker ignore the robots and creators. Why won’t you do the same? Forex Robots (Expert Advisors) Expert Advisor Builder. Free MT4, MT5 Expert Advisor Builders. Automated Forex Trading is the 'Holy Grail' of advanced Forex trading. ?he following EA builders are offered for free or provide a free-trial period and can be used for creating EAs on MetaTrader-4 and MetaTrader-5. MT4 builders are designed to generate customized Expert Advisors by compiling MQL4 or MQL5 code. Some of the following EA builders are web-based, others require installation.

When you create your first customized EA you are advised to test it risk-free in a Demo Account before trading for real money. Here are the free Expert Advisor Builders : (1) EA Builder for MT-4, MT-5, and Tradestation. 0 PRICE : Free for creating Indicators. 0 BUILDER : Web-Based App. 0 EXPERIENCE : Semi-Advanced Advanced Traders. The EA builder is a free application for creating indicators. You can turn your manual trading into arrows and alerts and create indicators for MT4, Mt5, and TradeStation. You can also turn any manual system into a fully-working Forex Robot (EA). Here are the basic features of the EA Builder: Develop indicators and EAs for trading Forex pairs, stocks, indices, ETFs, commodities Create EAs without knowing anything about programming Tens of built-in functions such as support, resistance, trendlines and time (select when to trade) Every feature of the EA Builder has a popup tip that helps and guides you Three (3) Alert Types (eMail, Audible alerts, print to output window) Full Money-Management system with custom functions The generated code is contained in a single file, ready to be used on MT4, MT5, or Tradestation. EA builder is completely free for creating Indicators but if you want to create EAs there is a one-off payment. Here is the website of EA Builder : (2) Expert Advisor Builder for MetaTrader 4. 0 BUILDER : Web-Based App. 0 EXPERIENCE : Semi-Advanced Advanced Traders. The Expert Advisor Builder (EAB) is a web-based EA builder that is free and simple to use. EAB generates EAs for MT4 by using seven (7) fields.

(i) EA Template field In this section, you may enter your own script. (ii) EA Variables field In this section, you will set up your main variables according to which you will control your trading strategy . (iii) EA Buy-Strategy field Set-up your EA buy-strategy. (iv) EA Sell strategy field Set-up your EA sell-strategy. (v) EA Closing (Buy) strategy field This section allows you to enter the conditions for Closing Positions opened according to the 'Buy strategy' field. (vi) EA Closing (Sell) strategy field This section allows you to enter the conditions for Closing Positions opened according to the 'Sell strategy' field. (vii) EA Order Options field Set up some extra settings for your Expert Advisor. Here is the website of the Expert Advisor Builder (EAB) : US Search Mobile Web. Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search . The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate. You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account. If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, andor profile from the Yahoo product feedback forum.



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