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Forex Bots?

Discussion in 'Making Money' started by eag1e, Jul 28, 2010.

  1. eag1e

    eag1e Newbie

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    Do somebody have experience with forex bots? i read something about it and it sounds pretty good.
     
  2. secretboy08

    secretboy08 Jr. VIP Jr. VIP

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    forex md has been working for me since past 2 months.
    prob with forex md are that the stop losses are huge.
    when i started using forex megadroid my first trade hit the stop loss,so my account went to -12.5%,but it has recovered ever since and now i am in the positive by 16%.
    also check out baby pips forum,there is a 200 page thread on megadroid reviews,you will get all the info you want in that thread.
     
  3. secretboy08

    secretboy08 Jr. VIP Jr. VIP

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    i mean i am in the positive with forex md.
    sl is normally bigger than tp in manual trading too.
    like i said check baby pips forum,there people have public stats of there accounts since last one year.
    the accuracy of forex md is good,the only prob is the occassionaly sl trade which sets you back in terms of gain by a month or so.
     
  4. Tigerox

    Tigerox Newbie

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    there`s no working forex bots
     
  5. tmarksinc

    tmarksinc Newbie

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    i was wondering same thing
     
  6. DamnTees

    DamnTees Junior Member

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    I wonder if there is some sort of bulk buy in for these?? Does anyone know this?
     
  7. sdesignb

    sdesignb Junior Member

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    I do have a friend that owns a forex robot, he is the developer, all I can say is that they do not worth the money. They will make some gains if the market is "stable" but if there is something like: Spain announce the unemployment rate at over 15% and the EURO is skydiving, there is where do robot will go for big loss. There is one more problem with robots and not because of the software it self but the Forex Broker which has different result on DEMO platform than the REAL trading money platform. So it is possible for a robot do do well on demo account and when you go live it will lose all your money.

    Conclusion: DO not buy forex robots.

    P.S: if you want a list of robots here is a link: hxxp://www.forexpeacearmy(dot)com/test_lab/all_forex_tests
     
  8. mollah

    mollah Power Member

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    Short answer: No, they don't work.

    Long answer: search for my posts with the keyword "forex". I've written some long posts about why they don't work.
     
  9. monsieurpooh

    monsieurpooh Newbie

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    Dude, every single forex bot ad I've ever seen in my life follows that same tell-tale scammer layout, all caps big colors, THIS WILL CHANGE YOUR LIFE varying font size, and 86 "testimonials."

    This is actually exactly the same layout that countless people ON HERE are using to successfully scam others.

    I think the first thing you need to learn at black hat world is to become immune to these types of obvious scams and become the MAKER of these pages that promise working forex bots, poker bots, and e-books on how to make money online. Join the dark side.
     
  10. mrseotools

    mrseotools Junior Member

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    forex just seems as risky as doing normal stock i dont' think they work
     
  11. aldragon

    aldragon Power Member

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    ^^
    Most of the forex robots or so called expert advisors do work, the problem is that the back end (backoffice of the metatrader platform) will set a set od spreads that wont let your robot work as it was programmed to do so. IE: brokers cheat you. There are a few that dont but you can count them with less than 3 fingers.
    cheers
     
  12. stressfree

    stressfree Senior Member

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    Everyone is B*S*. they'lleventuaslly stop working IF they ever worked in the beginning. Save your money. They are scams!

    I make good money day trading Fx. Very simple method no shares.
     
  13. aldragon

    aldragon Power Member

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    ^^
    Share that, I have been working in trading rooms in forex companies for the last for years as a chief dealer, so as I mentioned before i know a little.
    what triggers do you use as an example?
     
  14. win7Lover

    win7Lover BANNED BANNED

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    not working at all man. forex bot are scammer itself. some sites even offer free money to test out. in the end, you will probably lose them all. lol.
     
  15. Ansatsu

    Ansatsu Regular Member

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    iam a forex trader, i use both long term trend following strategies and intraday strategies, i can share something but only if you have interesting things to offer too.
     
  16. alexandraM

    alexandraM Junior Member

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    i am also a 4x trader and so far, publicly available bots, are garbage.

    All the banks would use bots and fire all their traders, everybody would be rich just running a program.
     
  17. ulele

    ulele BANNED BANNED

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    If there would be any profiting ea it would cost thousand of dollars...per month

    Imagine that you are leaving you computer on 24/7 with ea that is making money....you will be millionare in month or two

    Visit forexpeacearmy.com - this is the best forex place in the net. There are many reviews about forex systems, forex ea and even manged forex accounts.
     
  18. powermatrix

    powermatrix Registered Member

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    woww guys loving this thread...just starting trading this month...hope i get some valuable info here
     
  19. videz

    videz Jr. VIP Jr. VIP Premium Member

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    i don't think there is a forex bot that works
     
  20. powerx

    powerx Newbie

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    Here is a forex signal bot that trades automatically on your Metatrader platform. 4xsignal.com. Seems they have increased trial to 14 days. Earlier it was 7 days. Make use of it.