Robots are useful for those who are not ready to work in this business and dont having much experience but still want to earn extra money. True is that robots work but for few time period then it goes failed..
I agree that each of us chooses the most convenient and effective way to trade! The main thing is that it worked!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.
I agree that each of us chooses the most convenient and effective way to trade! The main thing is that it worked!
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!
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.
Exactly, you still have to monitor your progress even while trading with a robot. You can't totally leave everything to the bots.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!
You are excused for repeating yourself, because this is something that needs to be repeated again and again!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.
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 notEA 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.