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Thread: Is it safe to use forex robot?
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04-05-2012, 10:34 PM #281
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Re: Is it safe to use forex robot?
Some of these forex robots are profitable. If a trader has some programming experience and understands the MQL, then such a trader can convert a profitable system into a winning trading robot which can take trades automatically.
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04-06-2012, 04:32 PM #282
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Re: Is it safe to use forex robot?
Yes,some expert trader that have good knowledge about programing MQL code,they can created robot according trading style that probably good result,and trade with robot can replace their hand to make transaction in the market,and to running robot,they can use VPS service,but must hire service
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04-07-2012, 06:36 AM #283
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Re: Is it safe to use forex robot?
Actually using of robot for trading forex is not adviceable cause the profit made by robot is base on how it is program in which i thing trading with our own stretegy can fetch much gain than using of robot...
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04-07-2012, 10:52 PM #284
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Re: Is it safe to use forex robot?
Sometimes, these robots bring in more profits that the actual system of some traders and that is why they are still in use till today. Some traders have not been that successful with their trading system and so depend on these robots to make it in the forex market. Robots or not, profit making is the ultimate goal.
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04-11-2012, 08:17 AM #285
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Re: Is it safe to use forex robot?
Robots can fetch a forex trader good money if a trader can get one that works just fine. With robots, a trader does not do the analysis needed before trader are placed which is one of the most tedious part of forex trading.
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04-12-2012, 06:35 PM #286
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Re: Is it safe to use forex robot?
If you prefer trades with robot,i think most important is understand how robot work,what kinds system trading these robot,whether robot using money management calculation or not,and better perform robot in demo account at least a month so we can make conclusion about result using robot
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04-14-2012, 09:50 AM #287
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Re: Is it safe to use forex robot?
not for all the robots .there are so many junks on internet.the safest way to find out is you have to test them on demo account.but you need to pay for VPS to get the real results.your account have to be online 24/5 so that you can see what the robot can do for you.it is better to trust our money to well known robots.
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Re: Is it safe to use forex robot?
this is vulnerable to use Forex trading robots for our trading and many traders do not undergo nigh this because they are tricked by the adverts of robots, promising to image their accounts many nowadays over.We staleness be on the wait out for this kind of adverts and desist it.
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Re: Is it safe to use forex robot?
Forex robots do have limits so just like human there's limitations and mistakes that the forex robot can have. Although, I see forex robot or EA as expensive thing and which will not really guarantee of our success in our trades since they have script or pattern that are followed so if the market fail to have consistency then the EA fail also.
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Re: Is it safe to use forex robot?
hello, before asking us if it is safe or good to use forex robot, i will want you to explain to clearly to us what forex robot is. actually, we don't have ideal about such thing and we will be happy to hear from you
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06-04-2012, 05:02 PM #293
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Re: Is it safe to use forex robot?
So far i am also prefer with manul trading,even though i ever tempted by any expert advisor,but i am only download it and save in my hard disk,rarely i am use expert advisor to replaced my hand to make transaction ,and another reason is because i can't turn on my computer 24 hours,
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06-05-2012, 07:30 PM #294
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Re: Is it safe to use forex robot?
Certainly trade with robot is very danger and It is not trust.I learn from my big sister as she doesn't allow to use robot for helping my tarde because It can make me get debt very easy and It is untrustable if anyone sell robot and tell you as you will succedss It is liar for sure.
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Re: Is it safe to use forex robot?
Robots are kind of dangerous if not used well. Most of those who use it either end up in loss or in most of the best case scenario make a breakeven. What someone said he did was to use the robot with an account that offers rebate. Therefore he was able to make profit from the rebate while the robot was just at breakeven.
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06-06-2012, 03:08 PM #296
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Re: Is it safe to use forex robot?
forex robot can make your trade easier especially that have automatic trade setting. but will be wise move if we use a forex robot that has been pass the test previously and proven profitable. same like trading system, we don't know the effectiveness unless we test it previously in demo account.
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06-06-2012, 04:45 PM #297
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Re: Is it safe to use forex robot?
Yea, i think so too,even thiugh you get offer about such robot that able making money till thousands dollars just few month,but it's not guarantee will work well for long life,in my opinion robot created by logic formula to open new transaction,and market forex is npt like as mathematic science that have fixed value,so don't surprised if in certain circumstances robot will fail
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06-07-2012, 11:20 AM #298
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Re: Is it safe to use forex robot?
I don't use robot since I start in forex market my big sister teach me about manually trading but she doesn't ever teach me about robot trading and automatically trade because she tell as It is very danger and It make many superb traders had many debtts too because It is untrustable.
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Re: Is it safe to use forex robot?
It is better to test robot for a couple of month on demo and then use on live account, to make sure it works properly.
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Re: Is it safe to use forex robot?
Well, for the Forex Robot here, this is only the Automatic tool to help us doing much faster in taking the psotion on the market here. So, it is better for us first to recognize first, the typical of the Forex EA Robot we use. And then here, if the market is not good for the Forex EA Robot, we better take it off.
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