Reasons You Need to Trade with Robots

Discussion in 'General Forex Discussion' started by Adam Smith, Nov 7, 2016.

  1. buldy

    buldy Trader

    43
    7
    9
    Then trade on, you have done no wrong in using robots. In fact we really don't have to pay attention to everything said by others, so long it works for you even with the down side, then fine.
     
    artfor likes this.
  2. buldy

    buldy Trader

    43
    7
    9
    I think maybe you should do more research on the pros and cons of robots, and look for possible solutions to any difficulty that might arise using a robot. That will really help cut down any technical difficulties.
     
    artfor likes this.
  3. artfor

    artfor Trader

    14
    1
    8
    I agree that each of us chooses the most convenient and effective way to trade! The main thing is that it worked!
     
  4. buldy

    buldy Trader

    43
    7
    9
    That is the bottom line, the end justifies the means like the say. At the end, if good results comes then no one will have to question your methods even when they don't even have the right in the first place.
     
    artfor likes this.
  5. myfxpt

    myfxpt Active Trader

    206
    19
    39
    Did anyone hear about the "driverless" car test that failed to stop at a red light? True!

    Expert Advisor's are a great tool to perform mundane management tasks, but they can't think for themselves. They can't "perceive" danger!
     
  6. Twin butterfly

    Twin butterfly Trader

    147
    3
    19
    Working with robots or not is traders personal opinion. I have not yet work with any EA, but many of my traders friends are using them for learning purpose and they are not that much disappoint with the performance of EA.
     
  7. Usman Khan

    Usman Khan Trader

    39
    1
    9
    hmm intresting but for me it took all the fun off trading
     
  8. buldy

    buldy Trader

    43
    7
    9
    Lol, well the situation is not really the same in all ramification. With forex, we can come every now and then to check up on whatever that is going on. Whether we are using robots or not.
     
  9. myfxpt

    myfxpt Active Trader

    206
    19
    39
    True...except, too many people think a robot means being 100% hands-free...that is extremely perilous!
    Have a great Christmas and prosperous New Year!
     
  10. eyeball

    eyeball Master Trader

    146
    2
    49
    Let's review the basics-- (1) Your basic reason for trading is to make a profit (2) Like any other business ,you've got to understand your product, your customer,and your competition (3) In forex trading this translates to mean you've got to know your markets,your technicals and your fundamentals (3) By trading with a robot you will never learn anything except how a robot can lose money. Excuse me if I repeat myself from prior posts --forex trading is a learned empirical skill--in order to be consistently profitable one must learn , over a period of time, how to trade by doing actual trading ,demo or live, and doing it till you get good at it. No one I know or have heard about has ever made a great deal of money ,and kept it, by employing a robot, using a signal service, or by buying any kind of the tip sheets that abound in this industry. The only thing that matters is the application of your best cognitive and creative abilities ,over time,and the perseverance to stay the course ,in the face of repeated setbacks until you understand what your doing.
     
  11. buldy

    buldy Trader

    43
    7
    9
    Exactly, you still have to monitor your progress even while trading with a robot. You can't totally leave everything to the bots.
    Wish you the best!!!
     
  12. Lukas Schmidt

    Lukas Schmidt Trader

    34
    3
    9
    Ive never found a good reliable robot. Prefer to do it the old fashioned way.
     
  13. myfxpt

    myfxpt Active Trader

    206
    19
    39
    You are excused for repeating yourself, because this is something that needs to be repeated again and again!
     
  14. inggo

    inggo Master Trader

    404
    4
    54
    EAs or bots are ok i guess, if one knows how to use them or actually creat them based on some good working profitable strategy, though to be honest havent tried them nor i think i needed to since im contented with my manual tradings at hotforex as off now, but its an option..
     
  15. Twin butterfly

    Twin butterfly Trader

    147
    3
    19
    EA or robots, are for few time only after that they dont work like they were. So depending on EA for earning and trading is not advisable from any one. It is always better to learn manual work.
     
  16. Mixtrader

    Mixtrader Newbie

    12
    0
    1
    Same thing could be said for manually trading a strategy. As least with an EA you can quickly and easily backtest a strategy to know if it sucks or not
     
  17. myfxpt

    myfxpt Active Trader

    206
    19
    39
    Why can't you backtest a manual strategy?
     
  18. Andrew101

    Andrew101 Trader

    82
    1
    14
    You have spoken my mind, Lukas. There's no easy way to make good money in forex that's why I prefer the manual way of trading.
     

Share This Page