Trading Robots, do they work?
Trading Tools

6 Likes 0 Dislike 24 Replies
3 years ago

IMHO the simple answer is NO!

By definition, Trading Robot is a computer program based on a set of market trading signals that helps determine whether to buy or sell an instrument at any one time.

The idea behind a trading robot is to make easy money out of the Financial Markets without doing anything manually or having to sit at the computer. They are mainly used by new Traders in serach of the "holy grail". 

Trading is all about education, skill and a lot of hard work. ThereĀ“s no shortcuts.

So, instead of spending time and money looking for an easy way to beat the markets, why not invest in Education and set your goals on learning more and more every day?

What about you, what do you think about Trading robots?

Posted 1 year ago 0 Likes   0 Dislikes

I did a demo and it showed that I would make a lot of money... but I think it's like letting the fox guard the hen house.

I have big red flags go up around "easy money" promises so I closed my demo account.

I've also seen place where you can copy a successful traders trading but I'd rather learn and be empowered then rely on others decisions.

Posted 2 years ago 0 Likes   0 Dislikes

By definition a robot is programmed and designed by a human, as a computer is. At the current level of artificial intelligence no AI structure can get anywhere near to the power and diversity of the human brain. Sure, and for a while now, computers may win against chess Grand Masters. But think about it - that is one to one. The markets are millions to millions. The only sure path is to follow the flow. Look for the momentum, live long and prosper.

Posted 2 years ago 0 Likes   0 Dislikes

Nonsense in my opinion - I don't believe they'll put traders out of business anytime soon! 

Posted 2 years ago 0 Likes   0 Dislikes

Ive tried a robot few years ago and removed it from my pc next day

Posted 2 years ago 0 Likes   0 Dislikes

Someone asked me to try a few robots few years ago and I did. One of them was actually gaining for a week then it started to lose till all drained all demo accounts lol

Posted 2 years ago 0 Likes   0 Dislikes

I hope they were all on demo only :)

Posted 2 years ago 0 Likes   0 Dislikes

@turbopips  just out of curiosity, how much did the robots lost?