Is it safe to use forex robot?

[andry777]

The best way of analyzing the advantages and disadvantages of a Forex robot is to use each robot and EA in demo account.If the trader gets good and profitable results in demo account, so then, he should use them in real account too.Otherwise, in case of only losses, it is better to trade manually in real account..

That's right. You must use demo account to backtest EA which you want to use in real account later, so you will know the performance of your EA from demo account. And also, you will know the best time to run that EA so it could be profitable for you. Using EA is not only running it but you must monitor it and you must shut it down when it is not good condition for that EA.

[radex78]

I am not prefer trade using robot till now , but i ever try any robot just for knowing how robot make transaction , but since i see robot also have wroing order and causes loss too , so i only think better we trust my self to handle with my own analisys ,

[chuna1985]

It is never ever a good reason for me to trust forex trading robots. I have never heard that a trader used it to make 100% profits and double their trading accounts as they trade. I hear only bad news from those robots.

[andry777]

I am not prefer trade using robot till now , but i ever try any robot just for knowing how robot make transaction , but since i see robot also have wroing order and causes loss too , so i only think better we trust my self to handle with my own analisys ,

If you can trade manually then it will be better than using robot forex, you can learn many things about condition in the market and also you can learn how to take advantages in each transaction. Using robot forex is okay if you're expert enough so you can understand when is the right time to run the robot. And also, you must monitor it.

[omostar]

It is never ever a good reason for me to trust forex trading robots. I have never heard that a trader used it to make 100% profits and double their trading accounts as they trade. I hear only bad news from those robots.

On the contrary to what you said that it is only bad news that you hear about those robots. I have seen some people who has made modest profit from using the robots. Of course it is not so easy finding a good robot that will work excellently Again most people will usually be at break even with the robots. But still there are people who still make some profit, not 100% however, but something modest.

[chuna1985]

It is a forex currency trading expert that can actually use the forex robots to the extent that it would not be a disadvantage for them. Safety has a lot to do with having knowledge about knowing what to do.

[andry777]

If you want to trade with robot forex safely then you must use the lowest lot size and you must have limitation. If you used cent account and 0.1 lot as your setting for volume lot size, I am sure that will be safe but it will give you small amount of profits too if the EA could reach Target Profit.

[radex78]

If you want to trade with robot forex safely then you must use the lowest lot size and you must have limitation. If you used cent account and 0.1 lot as your setting for volume lot size, I am sure that will be safe but it will give you small amount of profits too if the EA could reach Target Profit.

If we can changed setting lot size that used , its more safe we make seting smallest lot size if trade with robot ,but if not understand how to changed it , maybe its can make broken code and make robot not running like as expectation

[noor]

In this regard, I would like to say that robots can make profits for any trader, but the bad part is that it can also get margin call for us. Robots have one inability, and that is trading the news. This means that Forex robots are unable to trade successfully when the fundamentals is in control of the market.

[imhiszyuber]

Well, Trading in the forex market is risky business.. Using robots is not cordially harm to you if you just use it and handled in such a way that gives good thing to you

[Joe4christ]

If you want to trade with robot forex safely then you must use the lowest lot size and you must have limitation. If you used cent account and 0.1 lot as your setting for volume lot size, I am sure that will be safe but it will give you small amount of profits too if the EA could reach Target Profit.

Does that mean there's great tendancies of loosing fund using the forex robot? Damn, i thought it is safe, but like what exactly is the percentage probability of profiting or loosing using the forex robot? Have you been using it and how does it function?

[radex78]

In this regard, I would like to say that robots can make profits for any trader, but the bad part is that it can also get margin call for us. Robots have one inability, and that is trading the news. This means that Forex robots are unable to trade successfully when the fundamentals is in control of the market.

Yes, iam agree with your statement , robot created by system trading certain trader , it can profitable but not for all market condition i guess,especially in news high impact then robot can't read news at all , but if we only find new robot from any source , beter try first in demo account,especially if we not undersatnd with MQL code , so we will make conclusion how robot work

[andry777]

If we can changed setting lot size that used , its more safe we make seting smallest lot size if trade with robot ,but if not understand how to changed it , maybe its can make broken code and make robot not running like as expectation

Have you ever used EA for trading? I think you never used it, because you didn't look like trader who ever used it. It won't break the code if you don't open the code. The setting is done from EA itself, there are many different kinds of EA. Some EA could be setted its SL and TP, even its lot size but some EA are setted directly in its programming. If you used EA which could be setted manually then there are input which you can change. But if you didn't set it right, it could bring you to suffer Margin Call too.

[radex78]

Have you ever used EA for trading? I think you never used it, because you didn't look like trader who ever used it. It won't break the code if you don't open the code. The setting is done from EA itself, there are many different kinds of EA. Some EA could be setted its SL and TP, even its lot size but some EA are setted directly in its programming. If you used EA which could be setted manually then there are input which you can change. But if you didn't set it right, it could bring you to suffer Margin Call too.

Please don't wrong prejudice , i am talk if we not understand how to changed setting in robot , indeed we can changed at input properties, and usually will appear input lot size number we can changed seting there , but if we changed through meta editor and we not have good knowledge with code MQL , its can broken expert advisor,so in this case i talk if we not understand how to changed setting expert advisor

[andry777]

Please don't wrong prejudice , i am talk if we not understand how to changed setting in robot , indeed we can changed at input properties, and usually will appear input lot size number we can changed seting there , but if we changed through meta editor and we not have good knowledge with code MQL , its can broken expert advisor,so in this case i talk if we not understand how to changed setting expert advisor

I think it is weird if you changed the code when you don't know it. If you're programmer then it is okay to trial and error but if you don't understand it and you changed the code in metaeditor, of course it could break the robot. It's better to backtest it to know the best setting in demo account if you don't want to take any risks at all.

[radex78]

I think it is weird if you changed the code when you don't know it. If you're programmer then it is okay to trial and error but if you don't understand it and you changed the code in metaeditor, of course it could break the robot. It's better to backtest it to know the best setting in demo account if you don't want to take any risks at all.

Yea, if we only want learn how to make robot with metaeditor , should undestand with code MQL , i think can making robot and for starter , trial and error is matter in normal , but then if already expert they can create robot with request , but for me learn MQL is very complicated

[pinoycity]

It is safe to use a forex robot or a software if one knows how to use it well and knows what signals it can give the user. If a trader will not know the features of a particular software, better for this trader to cease using the "robot" as it might only bring confusion and therefore, losses.

[andry777]

It is safe to use a forex robot or a software if one knows how to use it well and knows what signals it can give the user. If a trader will not know the features of a particular software, better for this trader to cease using the "robot" as it might only bring confusion and therefore, losses.

That's right. Robot forex can bring you to lose some money or maybe it is possible to experience Margin Call when you don't use it well. It's not easy to trade with robot forex, it's not only running and leave it to wait profits only. Many people think that running robot forex won't need monitoring at all. It was wrong, robot could move well if you monitored it.

[radex78]

Robot only created by person , and it usually created by system trading , and so far , no magic box in forex market or holy grail system , likewise with robot , sometime robot also causes loss trade , and before decided using robot , make perforom in demo is compulsory to make evaluation winning trade such robot

[pinoycity]

If you understand what a software (or a robot) can give you, does it follow that you understand fully well the indicators that the software is using? If this is the case, why is it that you will still use the software. I think, you can just use these indicators and trade without any "robot".