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#1 25/05/2024 23:50:24

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Messages : 12

Which is the best forex robot?

Do you want to become a more profitable Forex trader? Do you need guidance as a beginner? Then, our review on the best forex robots can help you find the right one. The ideal Forex robots generally use some ideal algorithm if you are looking for some profitable trades. These can help you to trade ideally and automatically.

However, to become a skilled trader, you must keep up with the movements of the currency markets and even world economics and news. So, check the historical knowledge and data and predict the ideal trading time. Also, you can use an excellent Algo trading software.

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#2 26/05/2024 00:49:10

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Messages : 12

Re : Which is the best forex robot?

Robots far from guarantee profits. Even the best ones simply follow a set of predetermined rules, and can't respond to changes in the market situation. But, people selling robots generally want to convince potential customers that their robot is better and worth buying. So even the honest sellers can exaggerate the benefits of their robot to unrealistic levels. That would be illegal. But there are a wealth of people simply scamming by offering robots for sale that don't perform at all as advertised. That is even more illegal! Many brokers don't allow robots, not because they have a problem with robots per sé, but they are worried that the trader has bought a robot that will end up ruining their account. This is why if you talk to most experienced traders, they will not recommend using robots until you've mastered manual trading yourself.

That will help you identify the scams. The legal problem that arises from using what's often called a "scambot" is that it's legal for you to use it and lose money. But the person selling it is another jurisdiction, so they can't be held legally responsible for false advertising and losing your money. You have to be very careful about promises of easy money. And just because something is legal, it doesn't mean it's safe, useful or even good!

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#3 26/05/2024 01:20:46

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Messages : 313

Re : Which is the best forex robot?

Trailing Stop on Profit EA is a free open-source MetaTrader expert advisor that can manage the stop-loss levels of your trades. In particular, this expert advisor uses two parameters to trail the stop-loss according to your preferences. In many cases, you might want to start moving the stop-loss closer to the current price or exchange rate when the position is showing profit. This trailing stop-loss EA allows you to do exactly this: to trigger a stop-loss movement when the profit reaches a specific threshold and the price reaches a certain distance from the existing stop-loss. Using a trailing stop is a very popular practice among traders. With the Trailing Stop on Profit MetaTrader EA, you can have the stop-loss of your trades incremented gradually as the currency rate or price moves in your favour and the trade is in profit.

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