abdulla1 Posted April 5, 2011 Share Posted April 5, 2011 First of all i want to start by pointing out some of the disadvantages of Forex Robots. 1. They could be very expensive. 2. There’s a huge range of different robots to choose from, which can make users to have a really hard time choosing the one that’s right for them and this takes high familarity with robots systems. 3. You will have to leave your computer turned on all day or which is quite expensive for those subscribing to an internet service provider . so that the robot works at its best performance. 4. Doesn’t run on every broker, which could limit your earnings. 5. Configuring the robot for its best performance could be problematic and depends on what currency pair the user is trading. 6. Intervene in the robot’s performance may cause its malfunction and turn into losses for the user. So an inpatience trader can't use it. 7. Most of them can’t trade on days of high volatility. After looking at this disadvantages about robots, lets also consider the advantages. Look for my trend (why using forex robots ?.). Quote Link to comment Share on other sites More sharing options...
boniez Posted May 7, 2011 Share Posted May 7, 2011 essentially we would not have improved when trading when using the robot, because after all, because as a whole is not we who seek to generate profit Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted May 17, 2011 Share Posted May 17, 2011 robot is very expensive and also it also has expire date to use...maybe in 3 months we can get profits...but after that when market goes in other way, robot can't predict the right condition to open trade... Quote Link to comment Share on other sites More sharing options...
andry777 Posted May 18, 2011 Share Posted May 18, 2011 Forex Robot could be used well if the users are people who knew about trading well. Forex robot is not good for beginner traders because it will be too risky for beginner traders. For beginner traders usually didn't know the right time to use robot forex because you must know the right time to use it if you wanted to get profit. If you didn't use it in the right time, you can loss many dollars. Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted May 19, 2011 Share Posted May 19, 2011 I suggest for people who want to use robot in trading just for predict the market not to open position on market.... to open position is still need your decision to make cause so make other things need to considered before you do that... Quote Link to comment Share on other sites More sharing options...
andry777 Posted May 26, 2011 Share Posted May 26, 2011 @hyipreviewblog I think that is almost impossible if you used robot forex only to predict the movement and you didn't use it to open position. Forex robot is automatically in movement so if you used it, it will open position too. Quote Link to comment Share on other sites More sharing options...
hyipreviewblog Posted July 6, 2011 Share Posted July 6, 2011 so I guess just use this robot on demo account only so when it open some position you can use them as your movement...if you that is good you can open position on real account but if you think it is not good just ignore it.... Quote Link to comment Share on other sites More sharing options...
andry777 Posted July 25, 2011 Share Posted July 25, 2011 The movement of price in demo account and real account are same so how could we know that one condition is good if we didn't open it. If we opened position in demo account and that is good, we will know it was good after the price is moving right? So how could we open position in real account if we don't know that is good position before the market is moving? Quote Link to comment Share on other sites More sharing options...
winzpc Posted July 28, 2011 Share Posted July 28, 2011 Yes, robot forex has many disadvantage. It cost us very expensive and our computer need 24 hours on. Beside that robot forex doesn't make a good return in reality because most of the profit shown in their advertise are already been modified. Most of the robot forex sales shown their profit trade and hide the loss, it makes us only see the positive side. Robot forex also won't help us a lot in this business for long-term because we only stuck with programmed robot and doesn't learn what exactly forex is it. Quote Link to comment Share on other sites More sharing options...
purplegl Posted August 28, 2011 Share Posted August 28, 2011 Forex Robot could be used well if the users are people who knew about trading well. Forex robot is not good for beginner traders because it will be too risky for beginner traders. For beginner traders usually didn't know the right time to use robot forex because you must know the right time to use it if you wanted to get profit. If you didn't use it in the right time, you can loss many dollars. I agree with you that forex robot is less suitable for forex newbies, since they don't have good amount of trading experience & knowledge in manual trading as well. Therefore, I think it's better for newbies to learn manual trading before using forex robot, so that newbies have a better understanding on forex trading. Quote Link to comment Share on other sites More sharing options...
hoanglong Posted August 28, 2011 Share Posted August 28, 2011 Forex robot is just small piece of codes and it's just limited at that, it need human brain to code and upgrade it in other for it work well, otherwise it just work for certain market condition or even fail to make profit. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted September 15, 2011 Share Posted September 15, 2011 There is nothing that a robo can do other than what a human is capable of, it is just a program where certain conditions are pre-feeded when to enter in a trade and when to close it, as per market conditions these need to be changed so you need to re-program/alter the programming as per need to avoid the robot program acting unexpectedly. Quote Link to comment Share on other sites More sharing options...
adnan007 Posted September 27, 2011 Share Posted September 27, 2011 One of the biggest disadvantage which forex robots have is that, they are used automatic trading and we are not always sure that the robot with allows make our positions end in profit. Forex is an unpredictable market and even the forex robots can wipe out your account in case of unexpected forex movement. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted October 17, 2011 Share Posted October 17, 2011 I dont think relying on forex robots is worth anything rather they are just waste - it is more like letting a car run on road with out a driver, you can understand what may happen. Only those can make profit from EAs who understand well which strategies is to be used at which time and keep on selecting programs depending on relevant strategies still doing it yourself with experienced hands is always best. Quote Link to comment Share on other sites More sharing options...
budado Posted October 22, 2011 Share Posted October 22, 2011 The first disadvantages is that if you keep on using forex robot you will never going to learn trading yourself. Another one is that forex robot need to have a constant upgrade and update and that also cost a lot. And the last one is that even forex robot does not guarantee profit. So you end up spending lots of money in forex robot and still loss money. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted November 5, 2011 Share Posted November 5, 2011 But we will able to earn from the forex robots which means even we dont learn much of forex trading we can trust them is that so. I know that we will not much learn of forex trading but lets say we can have another earnings in the ptp forums while the forex robot do have its work to make our account earn or less losses. Quote Link to comment Share on other sites More sharing options...
mohammadbadr Posted November 9, 2011 Share Posted November 9, 2011 All you have said is correct about the disadvantage, this is because simply it is a computer system not a human brain, and the gap is so wide between both, on the other hand i know that many individuals are in real need to robots because they are unable to trade by themselves, but they should know the obstacles well. Quote Link to comment Share on other sites More sharing options...
budado Posted November 29, 2011 Share Posted November 29, 2011 But we will able to earn from the forex robots which means even we dont learn much of forex trading we can trust them is that so. I know that we will not much learn of forex trading but lets say we can have another earnings in the ptp forums while the forex robot do have its work to make our account earn or less losses. If you are a newbies. its good to have a bot. But you must try to take note on the indicators. Take note on the behavior of the bot. How its trade how its earn, How its make mistake. In this way you will learn how to trade. Adopt how the bot trade. If its earning do what it does if its losing try to find way to make earning out of it. Quote Link to comment Share on other sites More sharing options...
yogeshwartyagi Posted December 2, 2011 Share Posted December 2, 2011 Among lot of disadvantes of forex robots over an forex expert trading manually are they being historical programmed cannot take right action/decision if there happens a sudden turn and they work in unsound manner in high volatile market conditions. Quote Link to comment Share on other sites More sharing options...
riddick09 Posted December 4, 2011 Share Posted December 4, 2011 Well just that some traders suggest me that dont use forex robots better to learn to ourselves even it will take time to fully understand some strategies we will. Well just wonder if we are going to use robots is it applicable to all forex brokers trading platform. Quote Link to comment Share on other sites More sharing options...
budado Posted December 7, 2011 Share Posted December 7, 2011 Among lot of disadvantes of forex robots over an forex expert trading manually are they being historical programmed cannot take right action/decision if there happens a sudden turn and they work in unsound manner in high volatile market conditions. I don't know if its consider disadvantage. Its like a car. Its good to have automatic but its better if you drive manual because if you are good in driving the car can run faster than in automatic. Now in the case of bots. Its still good. If you know how to use it. Its like indicators. You use indicators and if a certain data hits the points you will automatically going to trade. Same thing it bot. But unlike us. We can decide if at that time we follow that particular indicator or not. In short we can detect false reversal while bots can't. Quote Link to comment Share on other sites More sharing options...
luke1 Posted January 28, 2012 Share Posted January 28, 2012 The EA Forex Robot can not read the Fundamental News here. Like if there is a tragedy, and there is no EA Robot can stand with this. We have to turn off our EA Robot. There are many examples, like the WTC attack on 2001, and the Japanese Tsunami Quote Link to comment Share on other sites More sharing options...
rexway Posted February 1, 2012 Share Posted February 1, 2012 Not much,its beter to trade on our inteligence rather than robot,robot can not watch the market and determin were to take profit as a whole,so I think its beter to learn the trading yourself. Quote Link to comment Share on other sites More sharing options...
pinoycity Posted February 2, 2012 Share Posted February 2, 2012 Not much,its beter to trade on our inteligence rather than robot,robot can not watch the market and determin were to take profit as a whole,so I think its beter to learn the trading yourself. I also feel the same way. Although, a help from a software will be most welcome, I feel that I will not be contented on just being told when to enter and exit a trade. I want to know the reasons why. Quote Link to comment Share on other sites More sharing options...
rexway Posted February 3, 2012 Share Posted February 3, 2012 Robot can only be used Alongside with our brain and telent that God has endour us with,robot do fail @pinocity,but with proper monitor one will be able to impliment and know when to exit a particular trade. Quote Link to comment Share on other sites More sharing options...
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