Review Of GPS Forex Robot V. 3 Forex System. (Screenshots)
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Don’t get me wrong: I’d LOVE to be able to do what you say one can do. But after almost two years of forex (of which, over one year was spent just learning forex and practising with a practice account, and then over half a year with a live account), the BEST I can make is 0.5% a day.
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One more little thing to consider before deciding this is the best and easiest way to trade forex markets: if you close the trading platform, the EA will stop working and any open positions will not be closed automatically, neither new trades will be opened automatically.
The most natural question to ask when proposed to buy a system is, ‘If it works so well, why is it being sold for such a discount?’ Typically, altruism is not the intention, but rather sub-par systems are sold as soon as a data-mined outcome can be put together so that an uneducated buyer can purchase the code.
Today, with the rise in usage of smartphones and other smart devices, traders do not necessarily have to trade at their PCs at home or in offices; they can now do their trades on the go. Smart coders have developed smart Applications which have made it possible to execute trades and access trading accounts from hand held devices.
No one ever sends you updates and information if a robot stops working, except your friends if they happen to use it. Me and my friend John tested several robots that were looking so good, but once we put them on a live account or even a demo account they just don’t deliver what’s promised And yes, I mean promised, because they usually give you promises that will not likely be fulfilled or are close to impossible to deliver.
It follows all your trading rules—no matter what the market condition is. (Note: Sometimes this is not always a good thing though, as blindly trading during poor or unstable market conditions can lead to great loss.) A trading robot won’t panic in a losing trade or be motivated by revenge after a huge loss.
More importantly, if you employ an automated trading system or Forex robot to trade for you, then you don’t have to do the trading yourself, and can spend your time on other more trivial pursuits instead while still enjoying all the profits that Forex robots can bring.
The study of different international markets, how geo-political events affect those markets and the analysis of the stability level of a certain economy are factors that help a trader in assessing which foreign currency is about to strengthen against another.
As everybody emphasizes the significance of discipline during trading decisions, of the vital role of solid rules which are followed with consistency and punctuality, the originators of these programs submit that there is no well option than leaving all the practical features of this task to an automated program.
First of all, I want to sell only a limited number of the Robots (250 items), so no harm is done to me or other people who already bought it. Besides, there are over 150-250, maybe even 350 brokers with MT4 platform worldwide, and I am physically not able to check all of them and set up accounts in those where the Robot works perfectly.