I've never seen a fully automated system that would reliably make money over the long haul. All systems are based on certain market conditions, and when those conditions change the system needs to be changed as well.
It would need to be fully adaptive in order to maintain profitability over time. The best results I've had with mechanical systems is when they're optimized to historical data then re-optimized regularly. That way they are made to adapt to changes in market conditions - but then they're not truly automatic at that point, are they?
If by automatic you mean "set and go" then yes - systems that should be optimized aren't fully optimized. But I think that the "set and go" profitable automatic systems are something fantastic rather than real.
I've tested many, many forex robots and found flaws with most if not all of them however I do believe forex robots are still under-developed and are still in the early stages.
My current favourite is the Forex Ivybot, purely for its backend support and updates as well as the option/choice to trade in several different currency pairs.
I think whats important is that the forex robots are improving and the ones currently available do work, although many are over-hyped.
i think the good one you have to choose scalping robot that run for US market close until tokyo open, usually give consistent profit while market sideways and the robot have automatic detection for trending market movement
well i think a little bit of software involvement is must in today's market scenario though last decisions should be from out own brains many times market jump after dipping a lot and many time it doesn't dipp for months after reaching hights
There is good ea's you know what, any ea advertise over click bank is not an ea, its just to make money, that is all, good ea they wont market it, i use enterra, genius, and caspian, you wont see them advertising by email or webinar, all ea been sold over click bank is complete scam, stay off it
Most don't work for long haul. Maybe just work for a while.
I personally like Megadroid (i do not endorse it, do your due diligence)
They do update it...
Profitability quite consistent though...
By the way, the best is still learning strategy & do the trade yourself manually. Then you have full control on your trading decision. The only path to become a real trader.