Forex Robot Review - Opinion

The rise of robots in forex trading to automate the activity is not something new these days - you can find free and paid version of it in the form of forex signals and automatic indicators as well as automated trading.

After some experience learning the behavior of the forex market - automated trading is a total failure although you may have some success but in the end it will fail totally without a doubt. The reason is simple because the market makers (forex brokers) where you trade forex knows exactly what you are doing and they knows all about your position, stop loss, and target profit. This is because you are trading on their platform and they have all the info of your activities especially your intentions. They will manipulate it against your favor and turn it to their favor to make money. This is not a secret or something that you should be complaining about - This is the way it works. As long as you are registering with the brokers and play it on their platform that's it you are monitored constantly.

The number one thing they are focusing on is your stop losses - that's where they will take the opportunity to kill every trades that you make. And if you are using robots or automated trading there will be always stop losses because you are afraid to lose big. The market makers are watching over all the stop losses in their system whoever trade in their platform. As a result they will execute fast trading movement to kill each of the stop losses and take the money. It's free money for them and they know exactly what you are doing.

That's why never use a robot with stop losses and even if you don't the market will change behavior anytime. If you are getting use to one behavior they will randomly change the behavior of the market until you get confused with the questions why is it not following the way you expected. Heavily relying on technical indicators too will bring great disasters at some point where the market no longer have the clear picture how it should behave.

Trading in the forex market require understanding of the big picture within the bigger time frame and scale it down to smaller time frames. The market will move within the space of bigger time frame but in the smaller scales it fluctuates gradually or sometimes instantly.