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Thread: Does Forex Robot Really Work?
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11-30-2009 08:21 AM #1
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Does Forex Robot Really Work?
I am just wandering about the above topic because I saw a lot of Automated Forex Trading robot sold online. Has anyone actually uses them and make a decent profits? Please share if you are using one right now.
Their advertisement are very convincing showing people turning 4 figures account into 5 or 6 figures.
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11-30-2009 09:42 AM #2
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Sorry, they are all more or less scams. If one worked, it would either not be sold at all and they'd be making a goldmine with it themselves, or word would spread and it would sell like hotcakes.
Originally Posted by gbpeurs
The reason there are good reviews all over the place is because their are affilliates who will stop at nothing to try an earn a commsion. They will write false reviews and post at this site and others acting like it worked for them and try to slip in their affilliate link.
If you are interested in training skip over robots, save yourself the time and hassle and learn to trade yourself.
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11-30-2009 11:08 AM #3
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learn to trade by yourself.
the robot will take all the joy of trading and eventually will take all of your money.
if a machine can give you easy money everybody will be rich.
there´s no easy money man
if you want it fight for it... and eventually you will get it
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11-30-2009 02:02 PM #4
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I like easy questions. Originally Posted by gbpeurs
The answer is: no, they don't work.I must not fear. Fear is the mind-killer. Fear is the little-death that brings total obliteration. I will face my fear. Part of: Bene Gesserit Litany Against Fear
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11-30-2009 02:41 PM #5
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they function as programmed but that doesn't mean they do what the programmer intended.
When one can pass the Turing test, then buy it. Untill then, the best software is between your ears....
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11-30-2009 02:47 PM #6isn't it more of a hardware than software in between your ears? Originally Posted by TalonD
"Even when opportunity knocks, a man still has to get up off his seat and open the door." Anonymous
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11-30-2009 02:53 PM #7both........lol Originally Posted by jado911
isn't it more of a hardware than software in between your ears?
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11-30-2009 03:02 PM #8
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Its a pity the hardware and software doesnt come with a user manual. By the time most get around to trading their software has often been damaged beyond repair by virulent virus's Originally Posted by TalonD
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11-30-2009 03:52 PM #9
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lol
good points there.
Some say I'm sharp as a tack, unfortunately also twice as flat headed...
well speaking of robots and EAs, now that I've properly towed the party line, I will say that the nanningbob EA seems like an interesting concept! You'll have to google it to find it. And it's free too.
Also I did an interesting little experiment. I made a simple moving average cross over EA. As expected, it steadily lost pips. However when I reversed the buy / sell logic it started making pips, it went from 10000 up to about 50000 before turning around and heading back down again... things that make you go hmmm.....
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11-30-2009 05:08 PM #10I know whats the problem, it is Simple( The EA is). Originally Posted by TalonD
I had one like that then I started adding more conditions until it stopped trading period
"Even when opportunity knocks, a man still has to get up off his seat and open the door." Anonymous
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