I am almost done with the pipsology course and I just want to know if you have any good experience with forex robots. They seem promising. If you can recommend anything, that would be great. Thanks!
I have never tried forex robot trading. I heard they can be profitable but you have to make sure you know how it works. Most importantly, you know how to trade properly.
Yes, some of them are profitable, but only a few works longterm. If you unlucky it stops making profit after 6 months.
I believe that they are really good at multitasking in comparison to humans. This also allows you to have multiple conditions for things like entries and exits.
Yes, that’s true. They are profitable. But before using them, you need to make sure that you know how they work.
Before choosing one, make sure to know how these work. I prefer to trade manually though.
I have been trying to depend on algo trading but whenever I am using an algo, I get back to manual trading. It’s nothing like I want to trade all by myself. I just can’t seem to trust programs even after I have tested it on my demo account.
I too have never tried forex robot trading because I prefer manual trading. If you are interested in them you can get them or build one for you. But before risking your money with a robot, make sure that you check it on your demo account. This will give you an idea about how it will work on your live account.