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Forex Trading Robots
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Version
5
Forex Trading Robots
Forex trading robots make up one of the main types of
automated trading software currently available to
personal forex traders. Most of them install quickly
and run as Expert Advisors on the popular MetaTrader 4
trading platform. Many of these robots are scams and
even if they are not, they don't live up to the
promises they make in the sales pitch. In general,
stay away from this type of forex products, but if you
do consider using one, be very careful and do not
trust the historical performance.
Other things to watch out for with forex trading
robots is that their vendors often provide
profitability numbers based on back-tested trading
results over periods for which the robots are
optimized to perform well. This means that future
trading results might differ substantially, and
usually do.
It therefore pays to test such robots in a demo
account before setting them trading on live funds.
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