SERIOUS WARNING !!!
-Most Forex traders lose all their money.
If this were true there would be no money to trade anywhere and the market would collapse, that very statement doesn't make any sense.
-Using the robots posted here in trading Forex does not guarantee success.
OK, there are no guarantees, but robots have a better win loss ratio than humans, see https://www.myfxbook.com/members/ForexAssistant/rise-audcad/578913
-Trading these robots could lead to serious financial loss.
Putting your money in a bank can lead to serious financial losses, just ask those that had their money in a Cypress bank just recently and bank stocks in 2008. Any investment has the propensity to lose money, but the whole idea of becoming a trader is to learn how to manage your risks, not avoid them, you can't make any money that way.
-Trading these robots without understanding their underlying trading strategies guarantees traders will lose their money.
There are no guarantees, even to the dark side. It may not be intelligent to use something that you don't understand but I will put my money on a non emotional proven computer program that I don't understand long before I will a live trader doing something that I don't understand.
-A trading robot is a maximum of 90% as good as the manual strategy it trades.
Some robot strategies don't have a manual counter part. Take the PIG (Passive Income Generator) for example,
I can show you in detail how it works, prove all the math, but you can't trade this system manually, I can't do it either, because the whole system was designed for the computer.
Use your logic, computers beat the Grandmaster of chess, the best in the world, back in the 1990's. (Deep Blue) Watson, just beat the 2 best Jeopardy champions, one of which won over 80 straight competitions. Watson didn't just win, it was a run-a-way. Computers do surgery in places humans can't touch. Given all this, why are there some that hold to such out dated beliefs as investment robots can't perform well? Don't have an answer to that but just because one person can't do something, it doesn't mean it can't be done. However, I have yet to see a technical trading system that was safe for investing. I don't care about huge returns, I want safety, and that is why I invest with proven robotic programs. Safety!
Keep an open mind, the world is changing.