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What is a robot?

Dictiony
Mar 16 at 10:21
231 Posts
In Forex we know that many people use robots, is it possible to make profit all the time by using robots and is there a lot of capital available from using robots. Does Forex have the legitimacy to use robots?

I expect the right answer from everyone who uses robots to break the law in Forex.

PeteLanceley
Mar 16 at 15:08
50 Posts
It is a bot that will trade for you on your behalf automatically.

Most bots are terrible, so I wouldn't bother.

You aren't breaking the law by using one.

angelicafreeman
Apr 02 at 10:36
13 Posts
Yes, it might even turn out to be profitable to use robots and for some people it just works alright. Honestly, I don’t see any harm in using them.

LyudmilLukanov
Apr 02 at 16:25
664 Posts
angelicafreeman posted:
Yes, it might even turn out to be profitable to use robots and for some people it just works alright. Honestly, I don’t see any harm in using them.

In my opinion, new trades should not use it. They should rely on manual trading to learn.

SofieAndreasen
Apr 02 at 16:38
677 Posts
PeteLanceley posted:
It is a bot that will trade for you on your behalf automatically.

Most bots are terrible, so I wouldn't bother.

You aren't breaking the law by using one.

True. EA is good in same sense. But I prefer manual trading.

LukeRachel
Apr 03 at 01:52
395 Posts
I usually wanted to know the details about the robot. I know something about robots. So it would be great if someone could share his opinion about the robot.

WaltonCharles
Sep 27 at 20:53
128 Posts
Dictiony posted:
In Forex we know that many people use robots, is it possible to make profit all the time by using robots and is there a lot of capital available from using robots. Does Forex have the legitimacy to use robots?

I expect the right answer from everyone who uses robots to break the law in Forex.

I think using robot is not good for any trader. Because of it, No trader can gain proper knowledge about trading.

Gavirus
Oct 07 at 18:15
13 Posts
Trading bot is an algorythm for making trading decisions. The whole process is carried out automatically without any participation of a human being.

CraigMcG2020
Oct 09 at 10:04
168 Posts
It basically places buy/sell orders for you. It will give set TPs and will move it as TSL. The reasons for entry are set by the programmer/trader. It can be successful but doesn't come close to manual trading.

skihav
Oct 09 at 19:37
371 Posts
A robot can be a pretty useful option, but it is often far from the most reliable option, and you can get the result just as well by hand.

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