Do Forex Robots Work. While one forex robot is looking for trades, the other will be in the middle of a winning streak. They use pre-set parameters to generate profits for the traders that operate them.
Forex robots represent computer programs, which are designed to trade Forex on behalf of the trader, based on specific entry, exit, and money management rules. Forex trading robots use these indicators to determine when to buy or sell a particular currency pair. And all this happens without your participation!
The market consists of traders of different levels of expertise with different techniques of navigating its waters.
A broker deprived of a human factor, i.e. the one that will not be hesitating, will not be.
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A strategy can simply be programmed into an EA. While one forex robot is looking for trades, the other will be in the middle of a winning streak. Moreover, some federal governments
consider bots to be scams.