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forex robot trader

  • Post #1
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  • First Post: Jul 14, 2008 5:13am Jul 14, 2008 5:13am
  •  fray
  • | Joined Apr 2008 | Status: Member | 33 Posts
hello, somebody knows that so they work forex robot, and if somebody can recommend some that knows that it works surely? or where I can obtain the data thanks, I wait for your aid
  • Post #2
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  • Jul 14, 2008 7:34am Jul 14, 2008 7:34am
  •  apramana
  • | Joined Jul 2008 | Status: Member | 5 Posts
Maybe you could try forexautopilot.com but be sure to test it out on demo account first
 
 
  • Post #3
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  • Jul 14, 2008 7:47am Jul 14, 2008 7:47am
  •  EAprogrammer
  • Joined Jul 2008 | Status: Professional EA programmer | 211 Posts
I am an EA programmer and I can tell you NOT ALL robot/EAs are working.

Some robot is making use of the history pattern to 'customized' their result or to specificly choose the period that their EA works the best.

My suggesets:
1) Write your strategy yourself; or
2) Test your purchase in a demo account for 1-2 months or until feel comfortable; or
3) Hire someone to develop your strategy

Cheers and good luck.
If everyone believes it, it will work.
 
 
  • Post #4
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  • Edited 12:20pm Jul 14, 2008 7:58am | Edited 12:20pm
  •  DaMarcel
  • | Joined Jun 2008 | Status: Member | 20 Posts
Why would anybody sell a successful EA? Why would he need to sell this EA when it makes him money for sure?

Listen to the guy in forexautopilot - doesn't it sound like too good to be true? Make money while you sleep, make a great living and that just for $99.

Can you buy such a thing? Can you buy such a think for just $99? Think about it ... I deeply think it's a scam! If it would be true, everybody would just buy this wonderful and high promising EA's out there and get rich quickly, why aren't we? The only person's that gets rich quickly - are the person's who sell that "wonderful" EA's. And if this person has a successful EA - he doesn't need to sell it for a dumping price.

The other day I saw an EA that was sold for a few thousand dollar and the site looked really reliable (not promising a million dollar or so) but still - why would anybody sell such a system?

I wouldn't trust sites that guarantee you thousands of dollars, it's mostly a scam.

To your question: I tried some EA's (Firebird, Daily Scalping EA, PipNailer, SignalTrendFollowerEA, TrendChaser, etc - all found for free here on forexfactory) and they all showed some profit here and there. But mostly there was no profit in the long run. If you try an EA you have to adjust the setting to your MM and understand the strategy, to make the best out of it - and that's the hard part for us newbs. Then maybe every EA can be successful for you.

Last statement: There will be no EA that works for sure - there is no 100% guarantee in the Forex market. And there will be no EA that you simply install and it makes you thousands of dollar - that's a bit to easy for making money.

p.s.: if you found such a thing (install, let it run, be a millonaire in 1 year) let me know and I give you $99 immidiatly ;-)
 
 
  • Post #5
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  • Jul 14, 2008 10:52am Jul 14, 2008 10:52am
  •  CTGUY
  • | Membership Revoked | Joined Jun 2008 | 914 Posts
Too much negative publicity on the system.

First, no live support. One email to technical support took 13 days to get back.

Another concern was that one trade went down 600 pips and the programmers said that it can take several days or weeks to see a profit.

If you can take a 600 pip loss (x $10 a pip = $6,000) then it is up to you to test it. I was told by a friend that the system took a beating last week and he lost several thousands of dollars and technical support still hasn't responded back yet.

I believe that people are lined up for refunds. The only people making money are those that branched off and selling the systems for the owner.
"To Be A Successful Forex Trader, You Need A Successful Forex Mentor."
 
 
  • Post #6
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  • Last Post: Jul 14, 2008 1:25pm Jul 14, 2008 1:25pm
  •  EAprogrammer
  • Joined Jul 2008 | Status: Professional EA programmer | 211 Posts
Quoting DaMarcel
Disliked
Why would anybody sell a successful EA? Why would he need to sell this EA when it makes him money for sure?
Ignored
Forex is a game of psychology. If everyone believes in it, it works.

So, making money by oneself won't make the system works. If everyone using the system, entry in at certain level, then the trend will follows.

Why Fibo retracement works? It's because everyone believes in it.
If everyone believes it, it will work.
 
 
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