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Old 06-30-2019, 06:50 AM
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Default How well do forex trading robots work?

There are a lot of systems that work..in the beginning. The problem is the technology has gotten to the point where computers can run a billion scans a second and would pick up on a winning system. And if you could find a winning system you could build a system that specifically takes money from the people using the winning system in the processes making it a losing system.

Now if you had a trading robot and keep it quiet and didn't trade in such huge size that you could keep it on the downlow, I suppose it could make you money for years before someone programmed the system to front run your system.

With the recent popularity of systems there are tons of free ones that you can modify one little parameter here or there, so in essence everyone would be using different systems. This does hold some intrigue to me.

There are trading robots that can make big cash in the futures markets, so there is some hope for a forex bot. But forex is an unregulated scammers paradise. If it were me, i'd go old school and tweak the old richard dennis and bill eckhardt turtle trader system (10 period breakout system) and i'd try and avoid forex if you could.




But for doubters, once a month in Barrons, in the back they give results from the largest 300 hedges funds right after that list they give result for the largest 200 managed futures funds. About a quarter of these (managed futures) are traded purely on a trading system, no human input needed.



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Old 08-17-2019, 05:17 PM
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Honestly, I am not a fan of robots, as I feel this is a dangerous technique and could almost get you stuck. I prefer FreshForex broker, as they are amazing with plenty of benefits from low spreads to high leverages and several such features which makes manual trading so much helpful for one and all. And then you can also use features like 200% Deposit Bonus, which gives major room to work freely with.

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