What is a forex robot?

**arslan** · 07-18-2012, 12:03 PM

A forex robot is an automated forex trading software. It automates the trading decision. It is the most popular robot for retail traders.It can do anything from giving us a signal to place a trade, to placing and managing the trade for us automatically.

**rexway** · 11-03-2012, 02:23 PM

Robot sometime call EA is like a programming software design to handle all the trade of the trader automatically without undergoing any manual process.

Forex robot can be a very good alternative for those who know how to use it but first we have to try our possible best and test it first in demo account.

**buckyuk** · 11-06-2012, 05:40 PM

Fap turbo is one of the most popular robot

**rexway** · 11-07-2012, 12:49 PM

Originally Posted by buckyuk

Fap turbo is one of the most popular robot

i think I have not heard of such robot before can you just elaborate it here for us to know what you mean.
In forex some robot work in a particular pair and this one may function in which pair please let us know.

**ayushsrk** · 11-22-2012, 03:35 PM

Originally Posted by arslan

A forex robot is an automated forex trading software. It automates the trading decision. It is the most popular robot for retail traders.It can do anything from giving us a signal to place a trade, to placing and managing the trade for us automatically.

Unfortunately forex robots have been called as scams most of the times due to the wrong presentation of the trades through them.The traders have to understand that forex robots if used properly are only going to help then but if not it is going to do bad and losses for them.

Forex robots are surely not meant for any bad purposes for sure but sometimes it is really hard to analyze them and their work that we can hardly gain through the use of them.We have to try to first of all understand about the robots in depth always before we happen to use them otherwise we are not going to make full utilization of it.

**RobertPutin** · 12-06-2012, 03:18 AM

Thanks, I more understand. Please refer some info at Forex Study
I hope it useful for you

)

**budado** · 12-17-2012, 01:36 AM

Forex robot or bot is an automated program that will going to help us trade. Bots are not AI as many newbies think. Bots are algorithm base only and connected to some trigger points like indicators. So its an automated trading but it not necessary mean its an AI.

**junaid1001** · 12-30-2012, 11:59 AM

A Forex robot is a trading software and, it is kind of automatic trading software, if you installed it on your Trading platform the software will automatically open trades from your account and then automatically execute it, means you don't need to trade if you installed Forex robot.

**al_agouz2010** · 02-09-2013, 12:29 PM

I don't trust any expert advisor !

**kasual** · 02-10-2013, 10:05 AM

Originally Posted by al_agouz2010

I don't trust any expert advisor !

yes, trust your self and never trust robot software or EA especially when you are not coding it self. EA or robot worked based on trading system and trading system created from one or some of indicators. so, if you are not understand the system behind the robot or EA, better you are not use it.