FOREX ROBOTS TRADING
Forex Robot Trading â Do They work?
Forex Robot Trading – Do They work?
As a long time and avid trader of the markets, originally the emini’s and now the Forex markets it has given me a unique view into how to trade.
I have reached a point whereby studying the charts, concentrating on a computer screen endlessly no longer inspires.
A long and hard evaluation of the myriad of Forex robots, which seem to be the ideal way to go, (if they work) has eventuated.
What can I tell you?
Do they work, can they work.
The answer is that surprisingly a large number of them do to some extent, with a few that perform in a good and reliable manner.
What is their secret. Their secret is quite simple, and can be outlined in a few bulleted terms.
- Conservative trading style
- Money management
- Small consistent profits
- Realistic stop losses in place.
Let’s elaborate on the points above.
Conservative trading style- Those few which are worthy of being called an Automated Forex Trading Robot do not trade incessantly, in fact most only trade 1 or 2 times a day, and sometimes will not trade for a few days. They are no looking for the long haul trending profits. They are looking for the highest probability of profit. Often this will be in the hours when the US market primarily is not open. I.e. no news to affect the market dramatically.
Money Management – Control of risk is all important. No more than a certain percentage of trading capital should be risked, normally 2 to 3 % at maximum. The better robots are well aware of this.
Small consistent profits with realistic stop losses in place – The hardest part of entering any trade is where to place the stop loss. Too tight a Stop loss and normal market activity will hit it every time.
Too wide a stop loss and the losing trade will dissipate the gains of the last 2 or 3 profitable trades.
A fine balance here, which is well controlled by the better robots.
In Summation, Automated Forex Trading Robots have not solved the universal quest for the risk-free trade; they have not found the magic formula whereby the money just flows endlessly.
What they have formulated in a commendable manner is a balanced and non-emotional approach to sensible and profitable trading.
Please visit my website/blog for further comment and updates re. the subject of Forex Robot Trading http://archwood1/wordpress.com
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About the Author
The Author is an experienced Eminis and Forex trader of many years.
After many years of studying charts and endless watching of a computer screen , more time is now spent on utilising Forex Robots for trading.
Whereas these do not always follow the Authors style of trading , they do provide a systematic and profit method of trading.
Stress levels are greatly reduced, whereas profitability is maintained.
This allows more time to be devoted to the interesting and exciting studying of Automated Forex Trading Systems.
Crazy forex robot trading machine!
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