Forex Robots - legit or scam?

[Wysiwyg]

I doubt anyone will reply. Smart people understand that if an automated trading system worked then it won't be made known. That would be cutting ones nose off in spite of ones face. I bought five EA's over the years and all but one failed but the author disappeared and the EA won't work on MT4 build 600 higher. The temptation to simply fund an account and switch on a perceived money making EA is the hook that catches the newbies.

Newbies are few around here.

 

[karmaD]

Hi ALL

I don't think there is a right or wrong answer - it depends on what one expects from a 'robot'.
Is it an entry/exit signal so you can trade manually or semi-manually? Is it a fully automated Expert Advisor that takes the trades with no manual intervention?

I had read interviews with few successful traders that are only using automated software, including the last book from Jack D. Schwager's 'Market Wizards" series.

Everyone trading style is different and along the journey to become a successful trader why not trying this option too?

I've got a short list of current Forex trading software on my website - for people interested to experiment (note that most of them have a 'money back' policy )

Trade safe & profitable
cheers

 

[minwa]

I've got a short list of current Forex trading software on my website - for people interested to experiment (note that most of them have a 'money back' policy )

Congratulations you take top spot for having most affiliate links & google ads on a trading site.

 

[cogs]

I've got a short list of current Forex trading software on my website - for people interested to experiment (note that most of them have a 'money back' policy )

I think it's these mass produced 'for sale' robots that start topics just like this thread 'legit or scam'. And so the cycle continues.

 

[karmaD]

Congratulations you take top spot for having most affiliate links & google ads on a trading site.

Thanks Always glad to have visitors on my site.
At the end of the day, everyone learning journey is different. As per my experience I have bought numerous books and software while studying (school, uni, etc). Did it help? Did I make more money because one or another?
Yes and No.
Same with trading software - robots, expert advisors, automated signals, indicators and all sorts of systems - it is part of the learning curve or so called ''trial and error". Depending on anyone's learning approach and personality it may have a greater or smaller contribution to the final trading style.

Regards & trade safe

 

[Porper]

Congratulations you take top spot for having most affiliate links & google ads on a trading site.

Unbelievable...I haven't seen a site like the one KarmaD is advertising for a long time. Ads everywhere, as well as popups.

A dead giveaway that it's dubious i.m.o. Why try to get an income off ads if you are a successful trader? Answer - You don't. Beware!!