do forex robots really work

@scooter_mx - 5 months ago - Trading Platforms

Been hearing so much about forex robots but it still seems surreal to me, i mean do they really work, and should i put my money on them?

@paul_petit - 5 months ago

Yes, forex trading robots do work but under certain conditions only. I avoid buying robots whose seller says they work in every condition.

A genuine forex robot will be built specifically for an instrument (example gold robot), it will also be built for a specific account type such as raw account, specific spread such as ecn spread etc.

But you have to realize than no robot is guaranteed to make profits always, they could also make losses. The reason why people use robots is because it helps them remove emotions from trading.

You can either buy a robot from the online market or you pay someone to build one for you however i prefer buying from the online market so i can read other user reviews about the robot.

@asamoah_the_great - 5 months ago

If they are built correctly, they work but they also generate losses sometimes. I once bought a robot online and it worked for sometime then i noticed it started making losses when the market conditions changed. So, if you notice the robot is making too much loss you can get back to the vendor and discuss modifications with them

@martini_schwarzwald - 5 months ago

I am also thinking of buying a trading robot because my emotions will not let me trade without interference. I think i should just let the robots do the trading.