Hay all!
I was going thought this website: http://www.expertadvisormetatrader.com/ and I bumped into Forex Espionage Expert Advisor and I found it quit interesting and maybe profitable.
So does anyone heard about this Expert and can give me any kind of opinion?good or bad i would appreciate it .
thanks!
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If Forex trading robot is going to work, why on earth the developer would want to sell it?
If I have developed a trading robot that can always win, I will never sell it but only use it for myself and making lot’s of money. I would have make more money from using the robot rather than from selling it.
Comment by Davi — September 26, 2009 @ 6:50 pm
This site lists all the FX robots out there and they do work for some people – however you really do need to know what you are doing to get the best of of them. You need to put in your own settings and without any knowledge of the markets I don’t think you would be able to do that.
Not sure how these Robots cope with extreme volatility around news annoucements either, you would need pretty big stops to cope with that.
I think you are better off opening a dummy trading account, reading a few books and following your own strategies rather than relying on a program to do the trading for you.
95% of people who trade FX lose money, this will include anyone using robots.
Comment by agent492 — September 26, 2009 @ 6:50 pm