I have tried many automatic robots and none of them did make any profit, only losses.
How can robot know which way the market is going to move???
Traders, please do not be naive and save your money.
All robot developers claim that their robot is the best in the world and that it made a lot of money for them. Oh yes the robot developers made a lot of money by selling the useless robots. They are just a rip-of.
Example is Forexrobottrader from Steinitz – do not buy it, you will achieve only total losses, it is just a rip-of.
Brokers are the same rip-of.
Do not deal with IGindex or IGmarkets. They trade against you and set their own rules. If you create your own strategy and you start making money they will do everything possible and make sure that you loose. They told us strait in our face that they do not want us to win.
They are just a bunch of bloodsuckers.
Wake up.
Save your money.
You have more chances of winning Lotto than by trading.
Take my advice.
You have been warned.
Ex trader
Any so-called "robot" for trading stocks or, in this case, foreign exchange (forex) have to be scams. Think about it: If you invented such a "robot," would you sell it? No, you wouldn’t. You would trade it and become a billionaire, because if it really did work and thousands of people started using it, it would no longer work!
Also, the smartest, Ivy League educated quantitative analysts on Wall Street are paid millions of dollars to develop such systems. Sometimes they will come across one that works for a while, but eventually they all collapse. Hence the implosion in recent years of many hedge funds.
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