What are Forex robots and do they really work?
Forex trading is versatile due to the different trading styles, strategies and systems that can be used. In the Forex market, there are traders of all levels of proficiency and each will have different ways of working. One of the features of Forex is the split between the traders who want to manually trade and those who want to utilise automated trading. This article will focus on automated trading. Automated trading requires a lot of research to find the right software that will perform trades correctly.
Sitting back and letting an automated device do the work for you can be a real temptation, and it's here that automated Forex trading robots come into play. An FX robot is a computer program that is based on a set of FX trading signals which helps to define whether to purchase or sell a certain currency pair at any particular time.
Trading robots are available 24/7 to Forex traders and can easily be bought over the internet. It is imperative to confirm that there is absolutely no such thing as the holy grail of trading systems, regardless of the type they belong to. The question many ask is do Forex robots work, or will choosing one turn out to be just another commercial scam? We've prepared this article to address this question.
How does a FX robot operate?
FX traders want to use robots just because they hope to make easy money from the Forex market without having to devote a lot of personal time to it, or do anything manually. Those who use robots have to find a good currency pair and the perfect time frame to trade in it to maximise their profits.
Some Forex robots are capable of scanning numerous charts in a way that humans physically can't. In addition, robots are developed with particular parameters needed in making trade decisions. With implanted trading signals, they determine when it is appropriate to trade, or conversely not to trade.
The best Forex robots suggest solutions to find profitable trades even in unstable markets when the actual trending direction is unclear. Robots will follow the best trend to enlarge profits and perhaps eliminate the chances of potential losses. Trading against the trend will eventually lead to loss after loss, whilst trading with it increases profits no matter what method or robot is used to trade.
However, what must be remembered is that the majority of robots trade within a certain range. They make a particular amount of pips inside the tight range during the slowest time on the Forex market, and they regularly set a few pips target and may not even use a stop-loss. They can be classed as successful, as they do make profits in each trade even if it is only a few.
When an unanticipated and strong range breakout occurs, it just wipes out the small profits they have made. Some robots which are promoted as the best Forex trading robots, can gain profit in a positive trend, although they lose money in a choppy FX market, so the discovery of a great trend to follow is an essential task.
The effectiveness of robots.
Though FX robots promise to make beneficial trades, not all of them are what traders expect them to be. Moreover, the federal government considers most of them to be just scams. In a similar way, you are not likely to find any article in Forbes, the Wall Street Journal or any other respectable news source that promotes them.
What is more, even online robot merchants try to move their robots in rank by claiming that their opponents' ones are scams. A lot are advertised with false claims by people who have made serious money applying these systems. The truth however is that a great number of investors and traders have lost a lot of money using so called free Forex robots that work. There have even been circumstances in which whole accounts have been wiped out.
If you really want to know how effective robots are, then you should check out reviews and authoritative testimonials online. Although they can scan millions of different charts within seconds, most often 90% will turn out incorrect information. This is understandable - FX robots are just robots. Even though they are capable of performing highly sophisticated tasks and many at once, every Forex robot or Forex robot free is still deprived of creative thinking. They cannot imagine what may take place in the near future as their functionality is restricted to how they were initially programmed and past performance.
For traders who use robots, they should not fully depend on it to conduct all of their trading activity. Ultimately, trading demands a considerable amount of human research and observation. Additionally humans, not trading software, can actually follow up with diverse economic conditions and keep up with the news in the financial world. Forex robots, which are thought to be Forex robots that work, can solely find positive trends as well as trading signals, but occasionally their functionality is unfavourably affected by either jittery trends or false information. In addition, hackers and viruses may also hinder robots.
All in all, automated FX trading software, or Forex robots, are nice opportunities for their designers to make money but offer little benefit to you as a Forex trader. It is a debatable question - will a robot make you rich, or will it just wipe out your trading account?
One thing is known for certain - their developers can be made millionaires. Smart designers are aware that people yearn to make a lot of money and try to ensure that robot Forex trading appears to be one of the finest ways they can achieve this. Nonetheless, they exploit this as a possibility to design a robot or any other software (or even a DVD, webinar, seminar, e-book etc) to sell and prosper.
We would like to draw your attention to one interesting issue. If the robots they sell could actually make a huge amount of money through trading the currencies, then what is the point in selling them to others and not utilising them on their own Forex accounts? The answer is logical - robots can barely make money for a Forex trader. Can a $99 FX robot or free Forex robot really make hundreds or thousands of dollars every month? If it could, you have to ask yourself - would it really be sold for such a relatively low price?
If it was this easy to earn money utilising robots nobody would ever go to work. It is possible that robots can make money for a restricted time period, but then they can start losing - and the money this best Forex robot earned with one position may disappear before you can claim it. In addition, the vast majority of robots are scalpers. They make just a few pips with every position they take - and they set a considerably tight target. The chances of surviving with such a strategy are quite limited for a trader.
Successful FX trading is based on knowledge, proficiency and skill. It involves analytical thinking and something visual. When looking at what are Forex robots, it is clear that they cannot properly work in this way. Market conditions tend to change all the time and only an experienced Forex trader can distinguish when to enter the market, or to stay away.
Conclusion.
We have attempted to describe the aspects of applying robots from a rational point of view. What we hope can be concluded from this article is that instead of spending your time and funds on things like automated FX trading software robots, it would be better to devote some time to learning a good trading system.
Eventually you may become a professional trader who relies on experience and knowledge, rather than using computer algorithms and codes by someone who is not a Forex trader at all. It is completely up to you whether Forex robots are worth your attention - and only you can answer the question of does Forex robot really work?
Learn to trade step-by-step with our brand new educational course, Forex 101, featuring key insights from professional industry experts:
Top-10 viewed articles.
MetaTrader 4.
Forex & CFD trading platform.
iPhone App.
MetaTrader 4 for your iPhone.
Android App.
MT4 for your Android device.
MT WebTrader.
Trade in your browser.
MetaTrader 5.
The next-gen. trading platform.
MT4 for OS X.
MetaTrader 4 for your Mac.
Start Trading.
Platforms.
Education.
Promotions.
Risk warning: Trading Forex (foreign exchange) or CFDs (contracts for difference) on margin carries a high level of risk and may not be suitable for all investors. There is a possibility that you may sustain a loss equal to or greater than your entire investment. Therefore, you should not invest or risk money that you cannot afford to lose. Before using Admiral Markets UK Ltd or Admiral Markets AS’ services, please acknowledge all of the risks associated with trading.
The content of this website must not be construed as personal advice. We recommend that you seek advice from an independent financial advisor.
All references on this site to ‘Admiral Markets’ refer jointly to Admiral Markets UK Ltd and Admiral Markets AS. Admiral Markets’ investment firms are fully owned by Admiral Markets Group AS.
Admiral Markets UK Ltd is registered in England and Wales under Companies House – registration number 08171762. Admiral Markets UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) – registration number 595450. The registered office for Admiral Markets UK Ltd is: 16 St. Clare Street, London, EC3N 1LQ, United Kingdom.
Admiral Markets AS is registered in Estonia – commercial registry number 10932555. Admiral Markets AS is authorised and regulated by the Estonian Financial Supervision Authority (EFSA) – activity license number 4.1-1/46. The registered office for Admiral Markets AS is: Ahtri 6A, 10151 Tallinn, Estonia.
Do Forex Robots Work?
Like most traders you’re probably asking yourself “ do forex robots work? ” The answer is yes , they do . The basic truth is that with a professional forex robot and the proper setup your trading can improve greatly. Thousands of traders use forex robots every day to find real pips.
But not all forex robots are the same. And how you set them up is crucial to their overall success. Don’t be intimidated though. This guide will help you find your way to real automated pips in five easy steps. Let’s get started.
Step 1: Finding A Forex Robot That Really Works.
This is obviously the most important step. To make real pips you’ll need a forex robot that truly works. So how do you know if a forex robot is a winner? By making sure it meets these three criteria:
Built upon sound trading theory and logic. No magic tricks. Up-to-date trading results you can view anytime. Created by an established developer.
Do forex robots really work? The Vader Forex Robot certainly does. It is a prime example of an EA making real pips for traders.
Logic : Uses daily Fibonacci levels to trade the price coming and going.
Style : Large trades with good frequency.
Logic : Uses Strand Theory™ system to trade reliable trend shift signals.
Style : Adaptable between high and low frequency.
Logic : Uses price action to find support and resistance triggers.
Style : High frequency trader.
Step 2: Choosing The Right Lot Size.
The biggest mistake new traders make is over trading their account. Example: You attach a forex robot to three charts. You will need enough funding in your account to have at least three forex trades open with enough room for drawdown . Nobody wants margin calls.
Ganon is proof that forex robots work. Using its advanced logic it finds large price movements easily via trend shifts.
Step 3: Choosing The Right Currency Pairs.
This step is easy. Find the three pairs with the lowest spreads. Then attach your forex robot to them. Avoid highly volatile pairs like GBPJPY.
Step 4: Using Your Forex Robot Correctly.
Pay attention. Most forex traders go astray on this step. We’ve created what we call The Rules Of Automation . Follow them and your forex robot will hum along smoothly:
Your forex robot needs to be on and running whenever the markets are open.
Brokers love to step all over forex robots. Open a demo account with another broker and see if you notice an improvement.
When forex robots work their equity curves are a glorious thing.
Step 5: Add A Second Forex Robot.
Forex robots work best in pairs . You can smooth out your forex trading instantly by adding a second forex robot. While one forex robot is looking for trades the other will be in the middle of a winning streak. Consider them a team that watch each other’s backs.
So Do Forex Robots Work?
Yep, they do. Use a professional forex robot. Fund your account properly and use a safe lot size. Choose the right pairs. Follow The Rules Of Automation. And you’ll be on your way to better forex trading.
Our #1 Choice For Pips Right Now.
Related Posts.
Best Forex Strategies That Actually Work Right Now Right now is a glorious time to be a forex trader. The charts are ripe with easy pips. We've spent the last few weeks […] Trade Forex Without Emotion Using These 5 Easy Methods Emotion has no place in forex. The false confidence after closing that big forex trade can lead to stupid risks. And the […] Not Making Pips? Here’s How To Fix It Let's face it; Forex is really hard, especially when you're starting out. With all of the skills and knowledge required the […] Fast Forex Strategy In Under 5 Minutes Recently we came across a brand new strategy that has been very popular. It was developed by a private group of automated […] Best Forex Robot Making Real Pips – November 2017 October 2017 was a huge month in forex trading. Piles of quality trades were just ripe for the taking. But don't […] Top Expert Advisor Right Now For New Traders Over the last year Vader has proven time and time again that it's the top expert advisor for professionals. Simply put: if […]
Most Popular Posts.
Categories.
Recent Posts.
Recent Blog Posts.
Newsletter.
Get tips, free forex robots, and more. Enter your e-mail and subscribe to our newsletter.
* Results from backtesting are not indicative of future performance or success.
Forex Robots That Work.
Want to find Forex robots that work? Look no further. We show you two huge trades our robots found just last week.
Everyone wants a Forex robot that works. But there are so many on the market it is hard to tell which ones work and which ones don’t. We figure it’s best to lead by example, so we’re highlighting two massive Forex trades our best robots found last week. If you’re searching for Forex robots that work, here they are.
The HAS MTF is a Forex Robot That Works.
Considered by some to be our best Forex Robot, the HAS MTF is a shining example of a Forex robot that works. It’s been around over 5 years, is in use daily by hundreds of customers, and has a proven track record. In mid January it opened a trade that ran until just this week. Did we mention it was worth 4500 pips? To see the full setup, click the image to the right.
While trades this big are rare, it’s nice to know they are still out there. Don’t forget this Forex robot earned this in January. You won’t find another Forex robot that has the reputation of the HAS MTF. It’s on a whole different level from the competition.
More Forex Robots That Work.
Another Forex robot that works is the Fractal Breakout Indicator. It found the 1100 pip trade to the right just last week. It was also our top performing robot for January 2013. Take a look through its performance page and you’ll quickly see it’s no stranger to being a winner. If you want reliable profits throughout the whole year, this is your best bet.
We highly recommend the Fractal Breakout Indicator this month to get you through the ongoing Forex currency wars that have been all over the news. The Fractal Breakout Indicator was so successful, we built another robot based on it. Can’t get much more reliable than that.
The Best Forex Robots That Work in One Bundle.
We could talk all day, but the best way to be sure is to try them for yourself. We’re offering both of these reliable robots in one easy package. Pick yours up and see what all the fuss is about!
Download The Best Forex Robots Now.
Related Posts.
Forex Trading Robots Up Close Forex trading robots are programs designed to help you trade better. We're going to take an in depth look at the unique […] Using Multiple Forex Robots Using multiple Forex robots is highly recommended for balance and diversity. Our new Build Your Own Bundle makes it […] Do Forex Robots Work? Like most traders you're probably asking yourself "do forex robots work?" The answer is yes, they do. The basic truth is […] Best Forex Indicators To Use There are a lot of Forex indicators out there. Each one has its own set of rules and algorithms. While it's nice to […] Forex Robots Review – The Pterodactyl Robot A ruthless animal. That's how we would describe the Fractal Pterodactyl Forex Robot. Why? It tends to hunt pips down […] A Forex Hedge System That Works In the past two months our HAS MTF Hedge Robot has been on a winning streak. Currently a perfect storm of predictable […]
Most Popular Posts.
Categories.
Recent Posts.
Recent Blog Posts.
Newsletter.
Get tips, free forex robots, and more. Enter your e-mail and subscribe to our newsletter.
* Results from backtesting are not indicative of future performance or success.
Do Forex Robots Really Work?
Do Forex Robots Really Work?
Submitted by adil on Fri, 02/01/2013 - 07:02.
It is common sense to understand that large numbers of robots tend to fail when it comes to making lots of cash using the same. Novice traders generally get lured by these robots in false hope of making cash. They become dependent on this software and don’t learn how to trade currencies manually. Nevertheless, it also destroys all the equity they made over the period of time.
Every day we hear a lot of stories of individuals achieving success using automated trading programs, so let us now understand if these programs are really worth it and they do exactly as they claim:
Individual traders would easily able to start their trading account using any good website, shell out a few hundred dollars on some automated trading program and make a great deal of cash. Later, they can resign from their job and sit back to enjoy lifetime profits. How does that sound? It is practically impossible. If it was true, every other guy would be using these robots and become a billionaire by now. However, the whole concept of autopilot profits sounds attractive. All these kinds of robots might make you cash if you have lots to spare and can take a risk. Did you ever realize about how the money is being made from these robots? It is just through their sales.
These automated programs are traded by affiliated marketers who get a commission on every sale they make. All these affiliate marketers probably themselves would not have made even a single trade using the robots they sell. The catch here is that they mint money at other people’s expense.
Robots only perform one thing and that is they work in a good faith just as its developer developed it to do so. They can examine large amount of historic data to figure out the probability at success. These automated programs understand the forex market 24/7; however, a robot fails when it comes to learning on its own. It cannot learn the day-to-day forex moves.
In Conclusion.
Personally, if you want to succeed at doing online trading, the best way is to learn its technique and take a chance. Don’t be afraid of losing. Start with lower stakes and read as many educational resources as you can. All the experts these days would recommend the same. Just make sure that you open account at a reputed trading website and do as recommended. IntelliTraders offers this facility to register with reputable brokers and start the endeavor. If you lose, you will be refunded up to $100.
Top Trading Brokers.
Finmax.
Up to 100% Bonus Risk Free Trading Returns Up to 80%
Unlimited $1,000 practice account Best video tutorials in the industry Epic prize winning tournaments.
Unlimited $1,000 practice account Best video tutorials in the industry Epic prize winning tournaments.
QuickOption.
QuickOption.
Highest returns in the industry at 85% and more Free trading signals for a limited two-week period OneTouch options that can pay higher multiples of 100%
Highest returns in the industry at 85% and more Free trading signals for a limited two-week period OneTouch options that can pay higher multiples of 100%
William Hill.
ВЈ25 bonus Risk Free Financial Betting iPad and Mobile apps.
William Hill.
ВЈ25 bonus Risk Free Financial Betting iPad and Mobile apps.
AnyOption.
5 Trades Risk-Free.
24Option.
24/7 Trading Buy Back Option 5 business days withdraw.
1on1 Account Manager 100% Welcome Bonus 30 Days Gold Upgrade.
1on1 Account Manager 100% Welcome Bonus 30 Days Gold Upgrade.
AskOption.
Highest returns in the industry at 85% and more Free trading signals for a limited two-week period OneTouch options that can pay higher multiples of 100%
Highest returns in the industry at 85% and more Free trading signals for a limited two-week period OneTouch options that can pay higher multiples of 100%
William Hill.
ВЈ25 bonus Risk Free Financial Betting iPad and Mobile apps.
William Hill.
ВЈ25 bonus Risk Free Financial Betting iPad and Mobile apps.
24Option.
24/7 Trading Buy Back Option 5 business days withdraw.
1on1 Account Manager 100% Welcome Bonus 30 Days Gold Upgrade.
1on1 Account Manager 100% Welcome Bonus 30 Days Gold Upgrade.
AskOption.
Up to 100% Deposit Bonus! Up to 20 Risk-Free Trades! Islamic Account Available.
Up to 100% Deposit Bonus! Up to 20 Risk-Free Trades! Islamic Account Available.
5 Trades Risk-Free 100% First Deposit Bonus GOLD Upgrade 90 days ($297 value) $250 Profit Guarantee.
5 Trades Risk-Free 100% First Deposit Bonus GOLD Upgrade 90 days ($297 value) $250 Profit Guarantee.
Nadex.
Up to 300% Returns Free Trading Days CFTC-regulated.
QuickOption.
QuickOption.
Highest returns in the industry at 85% and more Free trading signals for a limited two-week period OneTouch options that can pay higher multiples of 100%
Highest returns in the industry at 85% and more Free trading signals for a limited two-week period OneTouch options that can pay higher multiples of 100%
William Hill.
ВЈ25 bonus Risk Free Financial Betting iPad and Mobile apps.
William Hill.
ВЈ25 bonus Risk Free Financial Betting iPad and Mobile apps.
AnyOption.
5 Trades Risk-Free.
24Option.
24/7 Trading Buy Back Option 5 business days withdraw.
1on1 Account Manager 100% Welcome Bonus 30 Days Gold Upgrade.
1on1 Account Manager 100% Welcome Bonus 30 Days Gold Upgrade.
AskOption.
5 Trades Risk-Free 100% First Deposit Bonus GOLD Upgrade 90 days ($297 value) $250 Profit Guarantee.
5 Trades Risk-Free 100% First Deposit Bonus GOLD Upgrade 90 days ($297 value) $250 Profit Guarantee.
About IntelliTraders.
We have one objective. to teach you how to make money trading.
IntelliTraders is not a get-rich-quick trading system. We are a trading community of traders helping traders.
It's time to take advantage of the lucrative world of online trading. Go ahead, JOIN NOW . it's 100% FREE!
Recent Posts.
TRADE ALERT: Forex Trading Trade.
TRADE ALERT: Forex Trading Trade.
TRADE ALERT: Forex Trading Trade.
TRADE ALERT: Forex Trading Trade.
Affiliate Program (coming soon) Contact Us White Labels (coming soon)
Copyright 2006-2017 IntelliTraders. All Rights Reserved.
Комментариев нет:
Отправить комментарий