Why do most trading robots fail? There are twenty different markets conditions, for traders, to apply 20 different robots at the same time.
One of the main things that caused these discussions is the flood of automated trading systems increasing in the marketplace. We are beyond the point of believing these ridiculous claims. However, we shouldn't let these EA scams steal the validity of real automated trading systems. The truth is that automated trading can work.
Each market condition requires a robot coded, the robot can only do the specified function, in trading it means each robot operating in a specific market condition. Most amateurs apply one robot to do 20 functions in 20 different markets, when they need to apply 20 robots.
It is similar to a trader doing 20 markets at the same time,this leads to disaster. Most amateurs try to use one robot for 20 market conditions,inplace of using 20 different robots.
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Most eas are sold, not used by he developer. They fail.
They want one robot to do the task of 20 robots. It is virtually impossible task for the little man to design profitable robots, one has to experience and understand profitable trading The industry is the blind leading the blind.
Conclusion Forex Robots cash in on the repetitive, technical analysis-based aspects of forex trading. Such aspects lend themselves well to automation. Profitable long-term FX trading is about much more than that, but forex robots bots or automated services can have their benefits. However — regardless of their complexity and capabilities — forex robots do not offer a one stop solution for instant profitable trading.
Those who failed write books,teach,coach,sell seminars,signals and generally breed the failures of tomorrow. Those who can trade,trade!
Those who know nought are gurus to the new failures of discussion of trading robots. These people mislead ea developers. The guru has disappeared, with a notice "all trading carries risk of loss".
How many other ways can robots help? Do you know of any other reasons why robots fail? These fake gurus start brandishing opinions on Robots, putting other traders off, so traders waste more of time on the failed EAS, after realizing the fake guru wasted his time. Link to post.