Has anyone of you had any experience with forex bots. Their purpose is supposedly to buy/sell automatically using a well-thought algorithms, and supposedly you should be earning on autopilot. Sounds good on paper yes.. I doubt the statements given about the bot, but it's hard to find unbiased information while searching on google. I've seen some very positive comments, but the neutrality of the statements wasn't quite certain. If anyone knows more about this, reply
Theres no money to be made using any sort of Bot on Forex / Futures / Stockmarket. If it was that easy, we'd all be rich.
With forex you are betting against some of the best and brightest minds who have been working this niche for the last 40 years on Wall Street with all the best and latest tools. What makes you think you can compete in the long run? You may get lucky in the short run but they will eat you up over the long haul. Tom
Well, it is possible to write code that does some autoexchanges for you, but that doesn't mean you make lot of money, it's still speculation.
Do you mean Expert Advisor,EA?i not really advise you to use EA to trade at MT4.I prefer invest in managed forex account with low minimum and paypal accepted.
http://www.forexghost.com/ http://www.forex-day-trading.com/forex-trading-robot.htm http://www.forexrobottrader.com/ Here's some of them You can even download one for free here: http://www.download.com/3000-2066_4-10821434.html It wouldn't hurt to try it on a demo account, I'm gonna do that, and let you know how it went
Forget about this bots, just register on the site below for a free 5 day trial and you will see for what I am talking about ! stocksandforex.org Sorry for the link but: 1. Live links and signatures are not available to you yet (read the FAQ). restriction (happily just for now)
I just set up a demo account and applied the robot to it. I'll give it a few hours and inform everybody how the trading has went. I'm not gonna touch anything just let the robot do it's job I'll check your site out , see what it's all about
It's been around 20 minutes since I set the bot, Some transactions have been made, And most of them are at a loss. So far -20$ from the 5000$ at the demo account. I read that at the beginning is normal to lose money, but we'll see how it goes, I'll keep you updated
Just promise me that if you couldn’t make any money with the bot you will look at the site and register a 5 day trial account. And then you can write here again your experience Poor english, pfuuu
Considering the fact that the site is so desperate so that you beg people on public forums to join it... I'll consider joining it it
Here are the stats after a couple of hours, the bot is working, I haven't touched anything Starting Balance: 5000.00 Current Balance: 5080.41 Equity: 4914 Margin: 4757 Margin Level: 102.80% Can anyone clarify the values that I listed.. And tell me if what is happening so far is good or bad I've got no idea what Equity and Margin are supposed to mean
I am not begging you, I am just saying that the bot is useless and if you really want to earn/learn something you should come to see the site because after some more days there will be no TRIAL at all..!! And don’t get me wrong, there are no banners, adsense or some kind of advertising with which I can make money on your back; I am just offering free trial to the people who are interested from Stocks and Forex. Even the site is not indexed in google properly it’s a very new web site and service of it’s kind!
Alrighty then, tell me what is an Equity, Margin and Margin Level if you know so much about Forex and trading
Just go and google them, are you looking for a free course? I didn't say that I am the writer of the precious analysis or I now so much about forex, did I? Besides I am entering in the Forex and Stocks "business" right now, I gain 112 pips for 3 days. Does its make sense to you?
LOL, funny thread and imp too : ) Which demo you trying Ripped? the download.com url? Thanks for sharing with us. Let us know how things go. Wish you well !