Is Auto Forex Software Any Good?

[Richie Rich]

Originally Posted by nzpenny

My help for you is get another job. Learn forex in your part time. You will never be a successful trader if you are desperate to make money to live. In the beginning you dont need to pressure of that.

I agree with this suggestion,I think trading forex you must have cool head and full of calculation to follow the trend not to gambling with your luck by choosing the bull or the bear.If you have money problem i suggest you to make your heart and feeling not to be streesed first.

[Richie Rich]

In my opinion,EA can work in some situation,not in every situation,because every trading have an art itself and have an situation itself.So if we use EA we can make pips,but not maximall or avoiding us to loss lots pips,but can make us loss some pips by this stoploss.

[Todder]

Originally Posted by mytwopips

Oh one more thing.

From what I can understand, but can not prove, all marketed ea's like the examples you gave martingale.

This means you will have excellent returns for days, weeks, maybe even months. But one day you wake up to a blown account.

Bingo! I have the Forex Tracer and The Forex Funnel. Neither work. The funnel places a buy and sell order so you are always making and losing the same amount, its a wash. The Tracer for me worked great for about 4 weeks, then lost $4000 overnight, with its huge SL. Ended up getting a margin call before it hit the SL. Don't waste your money and try to learn the market, its tough but if it were easy everyone would be doing it.

[atlefler]

I've tried a manually trading strategy called the 4xrazor and it has done well. I've tried some EA's and have found that they do well but many of them don't tell you that there are open positions. For example, they'll say, "Posivitve on 97% of all trades." but the other three percent are huge losses that are still open. So it kind of sucks and is a little deceptive. I'm trying to get the manual trading down.
I need something simple and easy to use. The 4xrazor is good, is there anything else out there that someone can direct me to?

A