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February 13, 2012 22:45 GMT
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  1. #1
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    Thumbs up Forex Robots (which one are Goood) This you must read

    Forex Bots, Which one are good? Which one's are scam. Well in my case how can a bot Pre-dic Forex Market???? it Can't

    This i dont understand, I see all these sites selling thier forex bots, Listen Traders DON'T BUY IT. Bots are all scams, I have never found a site that showned Forex bot working on a REAL Forex Account., Have You

    Alll these So call Working bots you see only work on Demo Accounts.
    There is no such thing as a bot work on a real account with good, or very good results, why because the forex changes every day, every second and every hour. So yes manual trading is better then you may think
    Beleive me I know

  2. #2
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    Default

    Yes you are right Jameen, Forex changes everyday and every hour, even I have tried many things to trade in Forex but finally I found Forex formula working for me. their strategy have some logical calculation to trade in Forex.
    Last edited by wassabi; 03-14-2010 at 07:18 AM.

  3. #3
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    Default forex robots

    Hi Eric,

    Can you define how a forex robot is "logical"? Many robots seem to make sense in hindsight because they take past data and design a strategy that fits it. This is commonly known as curve fitting and is problematic because there's no guarantee that the past pattern is going to continue into the future. If a robot is based on the mechanisms of how the market works, it takes advantage of some weakness in the market, or it finds price discrepencies then I'm willing to listen. Otherwise I have a hard time accepting most robots.

    That said, I'm still open minded and would like to see further discussion on this. Thanks and talk soon,

    Kris

    To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
    - A blog about aligning your trading with powerful driving forces to profit with forex in any market environment

  4. #4
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    The good news is, there were good robots that made consistent profit for many months necessary to reach the 1st million dollars at least.
    The bad news is that these types of robots were chased down by brokers till they couldn't produce moolah anymore. If you don't know about how brokers can discard a good EA, then you most likely did not hear about the russian EA's used in demo contests along the past few years.
    _______________________________________

    Medo Joe
    trading systems
    Last edited by wassabi; 03-23-2010 at 07:41 AM.

  5. #5
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    Default

    I agree that manual trading is good, but trading with bots also is good for it is not affected by feelings when trading. Just be careful when choosing where to subscribe your bot and if its updated.

  6. #6
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    I don't know about others but Forex Megadroid and Fapturbo seem to give good results...










  7. #7
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    Default

    Quote Originally Posted by Jameen View Post
    Forex Bots, Which one are good? Which one's are scam. Well in my case how can a bot Pre-dic Forex Market???? it Can't

    This i dont understand, I see all these sites selling thier forex bots, Listen Traders DON'T BUY IT. Bots are all scams, I have never found a site that showned Forex bot working on a REAL Forex Account., Have You

    Alll these So call Working bots you see only work on Demo Accounts.
    There is no such thing as a bot work on a real account with good, or very good results, why because the forex changes every day, every second and every hour. So yes manual trading is better then you may think
    Beleive me I know
    You can find good FREE Forex Trading Robot by RIta Lasker in the internet. Just write "Free Forex Trading Robot Rita Lasker" in google and you'll get it. It works perfectly!

  8. #8
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    Default

    Quote Originally Posted by dorajack View Post
    You can find good FREE Forex Trading Robot by RIta Lasker in the internet. Just write "Free Forex Trading Robot Rita Lasker" in google and you'll get it. It works perfectly!
    I got this robot by Rita Lasker, but as I am a beginner I have problems with installation. Can you help me please? Waiting for installation I read books that I got with robot and I knew interesting information about currency market. So I prepare myself for trading as I can! Thank you in advance. robot4free.com

  9. #9
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    Default

    The fact is that in internet there are a lot of scam. So forex bots probably are new way of scam, that's all. I better learn on my own mistakes.

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