About robots nothing good. In forex strategy builder free platform you can test every indicator robot. After some time market changes and robot ,, dies''. Period of life of robot is from 2 months to year.
Which system is the best? Or which combinations of systems work the best? 46 replies
EA Robot which trade on Support and Resistance? 0 replies
Which is the best robot for you? That you currently use 23 replies
Need EA robot which automatically set SL please 3 replies
can anyone pls tell me what forex robot or machine is the best on meta4 5 replies
DislikedYes, it is normal to be skeptical! and we should be careful with so many EA advertisement.
BTW, if you have your own profitable manual method and want to convert it to automate trading or want to test it reliable with previous market condition, why not coding it into robot and test it.
You may know under what market condition your method will fail.
If you guys have the idea or method and need an EA for that, I can do the coding.Ignored
DislikedTFOT works good for me. Version with Neural net filter works more stabel then without it. http://iticsoftware.com/mt4-robot-tfotIgnored
DislikedA blanket statement saying that all EAs (robots) are rubbish is a little of the mark. There are plenty of traders out there, myself included, that use EAs to help with their trading. I use mine predominately to get a good entry when certain conditions are met. These usually happen when I am asleep or doing something else away from my trading platform. I then manually access the entry and either adjust the EAs parameters or manually manage the trade next time I am at my computer (I trade off 4hr and Daily charts).
There are EAs out there...Ignored
"Advantages:
1. The EA has your trading plan and will stick to it consistently, regardless of how you may feel about the market. This takes the emotion out of your trades. This is viewed as positive since emotions can sometimes cloud your judgement and cause you to take trades that are less desirable (based on your trading criteria).
2. The EA frees you from having to watch and analyze charts since it can monitor them for you 24 hours a day.
3. By freeing you from looking at the charts, you can spend more time developing and fine-tuning your trading strategies.
4. You can set the EA to monitor many different markets (currencies, commodities, indices, etc.) all at once, giving you access to more trading opportunities that you can physically find and analyze yourself.
Disadvantage:
1. An EA will not have the ‘soft skills’ or feel of a human trader. A trader must always keep the bigger picture in mind and be keenly aware of current market news and events. In other words, a trader must be have an eye on the fundamentals that drive the market. An EA is based purely on statistics and historical data; it cannot take into account market fundamentals. To mitigate this issue, a trader might have to turn off the EA during periods of market volatility caused by news and events."