Quote:
Originally Posted by Michael
Hey Guys,
I'm into forex trading using robots, and I have found out that the most crucial step is the choosing of the forex robot. Nevertheless, there's almost no way to take an informed desicion, all the robots sites look and say the same, "buy me and be a millionaire".
So, I've been trying to find independent third party sites where the robots are being tested on Real Money Accounts, so far I have only found one: http://www.forex-robots.com, which I really like.
Do you happen to know another?
Rgds
Michael |
If new to forex then I would say that the most crucial first step is to actually study/learn to
manually trade some strategy like the Ash II here in this site along with the in's and out's of the MT4 platform, basic trading techniques, market and pair dynamics etc.
Have a look at Steve Hopkins Ash II robot thread in this site as well.
But for other bots....Have a look at donnaforex.com for some real money testing of commercial bots as well.
Exercise great caution before buying any of these mass market commercial bots and don't believe all the hype, what seems to work now may not function in the near future for various reasons. I look at what happended to a successful Asian Session scalping technique when 20-40,000 people purchase the same bot (fap) on live and demo trading. I know because I was making money in the early days then started losing (sl) as the user base grew with everyone attempting to enter and exit the same trades at the same time, now I have just shelved it.
Moondog
