
Forex trading robots sound great, don’t they? There’s currently a lot of hype surrounding them such a causes them appear to be the perfect way to be given an earning on autopilot. When you seem a little deeper, the truth is very different. Before you get burned, it is wise to consider something something like these types of “robots”. In this article we will give the impression specifically at what a FX robot is and the issue in them that most borrowers ignore when caught up in all the hype.
Is it really a robot?
A forex robot is not an actual robot. It is a computer program with specific predefined algorithms. Those algorithms tell the software how to trade currency markets. For example, the algorithms are able to contain information such as daily trading limits and risk settings. Often these settings can be changed to suit an individual investor (high risk investor versus a conservative one).
Backtests are not a good indicator of coming years performance
Most forex robots out there only use backtests as evidence of a trading history.





