Trading bot

downtrend

Sergeant
Messages
872
Why would you be using a trading bot when you know that even a single system can't win every time in forex market. You need to know the dynamics and a full over look of a setup before entering any trade, a bot is not capable of doing so.
 

ForexVerified

Private, 1st Class
Messages
582
Why would you be using a trading bot when you know that even a single system can't win every time in forex market. You need to know the dynamics and a full over look of a setup before entering any trade, a bot is not capable of doing so.
Bot lacks human emotions which makes it ideal for trading. And it's not the point for the bot to win every time; that's impossible either from manual trading or from an EA. If you select a good EA and if you adjust risk (also some require to be stopped before major news release) you can find a decent bot to trade for you. We are currently testing EAs that have been profitable for a very long time (some more than a year). How many manual traders do you know who were profitable the last six months?
 

EuroTrader

Sergeant Major
Messages
1,041
Bot lacks human emotions which makes it ideal for trading. And it's not the point for the bot to win every time; that's impossible either from manual trading or from an EA. If you select a good EA and if you adjust risk (also some require to be stopped before major news release) you can find a decent bot to trade for you. We are currently testing EAs that have been profitable for a very long time (some more than a year). How many manual traders do you know who were profitable the last six months?
It is true that whenever we are trading with the help of EA then we can make a good income also. But for that we need to make use of a profitable EA only :)
 

downtrend

Sergeant
Messages
872
Using a trading bot isn't bad, you can use some robots to assists you in your trades, like moving stop loss to break even, or closing certain part of position after some number of green pips etc.
 

EuroTrader

Sergeant Major
Messages
1,041
Using a trading bot isn't bad, you can use some robots to assists you in your trades, like moving stop loss to break even, or closing certain part of position after some number of green pips etc.
Yes there are some traders who are getting a good income from using the Robots and we have to understand that how we can use it :)
 

EURUSD

Sergeant Major
Messages
1,133
Yes there are some traders who are getting a good income from using the Robots and we have to understand that how we can use it :)
Using robot I think need VPS to running robot 24 hour, or trader must turn on computer whole day because robot work if connected to server data feed, maybe if any trader already have profitable robot hence they can enjoy to get profit.
 

EuroTrader

Sergeant Major
Messages
1,041
Yeah, in some cases it is useful to use bots but I don't recommend it if you are beginner.
It is a known fact that many traders are now making the use of trading robots and they are able to get benefits in their trading because they are giving them good profits also :)
 

promoweb

Banned spammer
Messages
2
REMOVED is good trading bot. I am not sure if it may good for beginners but I must tell you if you have general knowledge of trading you are able to use it.

It looks like this brand new member who showed up to promote a bot didn't bother to read page one of this thread...
Everyone is free to discuss the concept of whether or not EAs and other bots can be profitable here. Please hold any discussions of specific bots you think might be profitable in the Commerce Zone.
Spam Cat is happy to fix the issue by eating the offender.
Nom nom nom.


 

ForexVerified

Private, 1st Class
Messages
582
Using robot I think need VPS to running robot 24 hour, or trader must turn on computer whole day because robot work if connected to server data feed, maybe if any trader already have profitable robot hence they can enjoy to get profit.
True. For best performance, a VPS machine is a must have. Otherwise you might miss on some good trades (if the EA is good, that is).
 
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