All of our trading results, charts, and stats are available to you at no cost. We don’t have a forex robots test-only area charging you expensive fees for so-called “secret” robot information.
You must be aware of the risks and be willing to accept them in order to invest in the forex, futures and options markets. Don’t trade with money you can’t afford to lose. 41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT.
In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, demo accounts cannot reflect factors such as trade execution “slippage”, which occurs on real-money accounts but not on demo accounts. All mentioned trademarks, product names or service names are the property of their respective owners. Pretty much everything, toll booths, self-checkout lanes at grocery stores anything that becomes tedious for human hands and minds.
You’ll always get both camps divided on how effective these tools are to Forex trading. Forex robots are just another method and system to trade currency instruments. Allow your testing of the Forex Robot to prove it’s profitability In simple terms, the EA Robot will either have a positive expectancy and should be profitable over time, or have a negative expectancy and be a consistent loser. I can tell you this from experience. Many traders that tune into these forums have unrealistic expectations. Often times they are novice traders who have been beaten up by the Forex market.
They’re losing traders because they did not have realistic expectations or disciplined approach to trading. So naturally, they opt to go automated, expecting a robot to achieve something they could not do themselves. Now there’s nothing wrong with going the automated trading route as long as you’re fair to the robot and you don’t apply a different standard. The robot will make trades without emotion and fear. The robot will not have a bias of direction before making or exiting a trade.
Many robots will manage a trade, which is one of the most difficult aspects of trading. The different standard comes in when you ignore that like humans, losses will occur. Do not rely on opinion alone, performance is what matters Getting back to the forums as an example. I researched a robot I was interested in purchasing. 9 out of 10 traders trashed the robot and its owner.
Comment after comment was negative, however, the back-test and forward test was quite the opposite. How could this be, did the robot just stop working? I decided to go against the negative reviews and just go by the stats. The profits have more than doubled what I paid for. As far as I’m concerned, I can’t lose, because I’ve already taken the money out I used to purchase the robot, anything from here is the money the robot earned all by itself. Test the Forex Robots with Demo Accounts, forward test live with very small micro accounts Out of 5 robots I tested 2 were clear losers, 1 was near break even, the other 2 were clear winners. The 2 losers had one thing in common.
The money management was almost nonexistent when I followed the trades. All the robot would do is enter and after that, it was at the mercy of the market after that. The Forex Broker can make or break a Forex Robot Trading spreads and execution of trades is the most obvious reason, but what you’ll often see is that the same EA’s you run on your demo accounts will not perform the same on a live account. This is particularly true if your trading strategy relies on tight spreads and fast execution. What you’ll almost always find is your Forex ea expert will have amazing results on a free Forex demo account, but soon as you go live, it can actually be a loser and you’re left scratching your head as to why.