Forex trading robot, does it work?

[tradermike2008]

Most of these things are simply complete and total scams.

[sanjid112]

Robot might work, but still man-hands is needed to make it work-well enough. Don't depend 100% on it, since it just make you lose a lot of money. I mean it.

If you trust Robot 100%, that means you don't trust your own potential.

[DRC77]

Originally Posted by askloz

I'm looking for some beta testers for my fx price action bot, if anyone is interested, let me know, i got about 65 spots left.

I'm interested could you send me a copy, please?

[askloz]

go to my forum and submit your PM to me. link to it is on this thread.

Originally Posted by DRC77

I'm interested could you send me a copy, please?

[askloz]

LOL, dont trust ones own trading... oh please... that's the funniest thing I have heard to date.

If you're losing, then you can blame that on Clickbank for not testing these robots first before approving the listing. from what I have been told, by one of the main leaders in the CB forex area, says that there's about 17 people that create these, and they're all part of the same group...

And they NEVER use on their live accounts, they fool ppl with these stupid backtesting pictures, and say, this $X amount account went to this $X amount in 12 months... yada yada... yeah right...

I even had FAP Turbo say that he never used his live account in so many words. I asked 'em, why do you insist on fooling ppl with these fictional figures, show your dang live account for crying out loud. Why do you imply you're using a live account.

they said... "Did we say we used a live account? no."

Originally Posted by sanjid112

Robot might work, but still man-hands is needed to make it work-well enough. Don't depend 100% on it, since it just make you lose a lot of money. I mean it.

If you trust Robot 100%, that means you don't trust your own potential.

[DRC77]

Originally Posted by askloz

LOL, dont trust ones own trading... oh please... that's the funniest thing I have heard to date.

If you're losing, then you can blame that on Clickbank for not testing these robots first before approving the listing. from what I have been told, by one of the main leaders in the CB forex area, says that there's about 17 people that create these, and they're all part of the same group...

And they NEVER use on their live accounts, they fool ppl with these stupid backtesting pictures, and say, this amount account went to this amount in 12 months... yada yada... yeah right...

I even had FAP Turbo say that he never used his live account in so many words. I asked 'em, why do you insist on fooling ppl with these fictional figures, show your dang live account for crying out loud. Why do you imply you're using a live account.

they said... "Did we say we used a live account? no."

Agreed, that's why I love this site forex-robots.com , they test the robots on real money live accounts in 3 months long competitions. They have the FAPTurbo now, and as you guessed it's not doing great.

[askloz]

We're just adding a few more tweaks to ours, now we know that peeps are starting to get the right signals, it's gonna go back to normal trading hours, and run a test then add some more filters. You're on the beta test list right? An update for fx price action should be ready by weekend, so my programmer tells me.

[johnng]

I am not sure whether I am stupid here. Why money in US Bank? I used to spread bet FX using the same entry as given in the FXCM platform. I ended up in those trades, only small amount of £1000ish, trading using TA. I am quite interested in FAPTURBO, but not getting useful feedback here. All the Bot need to do is identifying good mechanical entry and exit points to get rid of subjective decision making. Then, of course, the winning ratio must show profit.

[crossy]

A Forex Trading Robot or FX bot is an automated trading program that helps traders seeks out short term opportunities in the Forex market. This program manages your account 24 hours a day so you do not have to worry about lost income while you sleep. Because it uses advanced algorithms designed by highly skilled professional traders and money managers, the performance of the program is increased based on the experience and expertise of the designers. The Forex Trading Robot is unaffected by a person’s mental, physical and emotional condition, thus the trading process is speedier and more diversified. This system causes minimal problems which can be easily remedied by testing Forex systems.

For those traders who are uncomfortable trading their own accounts, the program is helpful as it does all the work. Although you need to run and test the parameters or rules to see if the program complies with your standards; as soon as it is set up, all you have to do is monitor your profits. Unsuccessful traders now have a better chance at making money with this automated system. For managed Forex accounts, money managers closely watch accounts but the trading process doesn’t require a human team to execute trades. These managers receive a percentage of the generated profits, so there is no need for you to pay for commissions and other charges.

[tradermike2008]

Here is the truth. 50% of the people who enter the markets lose money. About 1/3 match the performance of the market. Another 1/3 beat the market.

None of them do it buying bots.

Bots are scams.

I challenge anyone making a bot to prove that it is real. These products are scams.

[trader111]

i dont think i call it a scam , i call it ignorance on the subject
If you dont understand a thing about the market , and how charts moves
then its a scam , but if you do understand How the market work , then this software
could be a great help in your forex venture , so the key is to understand the charts
the macro,micro Not just jumping in to just what ever is moving or Hot in the market
understand all these , then this software can help

Ash Hamdan

[tradermike2008]

I'm sure there are programs that can help people trade certain about that. What I'm saying is a scam though are so called black box programs. Programs that don't tell you how they come up with their signals but just give you signals to tell you when to buy or sell forex. On the sales pages they show you how it was backtested and great "historical results" to make you think you can take a few thousand dollars and be a millionaire by paying $97 bucks or whatever to download the software and all you will have to do is sit and obey the signals it will give you and make you rich.

Guess how these "bots" are made.

They are made from usually Indian software programmers off of guru.com or elance.com paid a couple of grand. Then the forex marketer makes a sales page and does a launch and pockets a couple hundred thousand thanks to affiliate who promote it for the buck not caring about the product itself or anything.

Again I assert no one is making rich by trading signals given to them by bots. Almost all of these things are complete scams. That says something about the people peddling them - but then again anyone who pays $100 buck for a bot and thinks that is all they need to do to get rich kinda deserves what they get for being so stupid.

One of the biggest products now in clickbank is a penny stock product with a sales page about some guying making a fortune. If you click the link to the disclaimer it says that the individual on the sales page is totally made up.

These are the type of scams I'm talking about.

[DRC77]

Originally Posted by tradermike2008

I'm sure there are programs that can help people trade certain about that. What I'm saying is a scam though are so called black box programs. Programs that don't tell you how they come up with their signals but just give you signals to tell you when to buy or sell forex. On the sales pages they show you how it was backtested and great "historical results" to make you think you can take a few thousand dollars and be a millionaire by paying $97 bucks or whatever to download the software and all you will have to do is sit and obey the signals it will give you and make you rich.

Guess how these "bots" are made.

They are made from usually Indian software programmers off of guru.com or elance.com paid a couple of grand. Then the forex marketer makes a sales page and does a launch and pockets a couple hundred thousand thanks to affiliate who promote it for the buck not caring about the product itself or anything.

Again I assert no one is making rich by trading signals given to them by bots. Almost all of these things are complete scams. That says something about the people peddling them - but then again anyone who pays $100 buck for a bot and thinks that is all they need to do to get rich kinda deserves what they get for being so stupid.

One of the biggest products now in clickbank is a penny stock product with a sales page about some guying making a fortune. If you click the link to the disclaimer it says that the individual on the sales page is totally made up.

These are the type of scams I'm talking about.

Agreed, that's the importance of the site I recommended earlier, forex-robots.com , they test those robots on real money accounts so you can find the few reliable ones out of that pile of scams