Question by July T: Do Trading Forex Algorithms Actually Work?
I’m not sure what you actually call these automated trading system, but i’m guessing they use some kind of algorithm software to sought through markets etc.
My question is really this. I’ve been trading Forex for 5 months now – mainly jpy/gbp market – and it’s about time that I got my hands on some automated software – but which one.
I like the look of the PipBoxer – but a bit too pricey, but maybe doable. Otherwise Forex EA looks pretty sweet at $ 200. The alternatives I’ve seen are like those spammy sites like the forex killer, which supposedly get you pips while you sleep. Not convinced.
Anyway, has anyone used any of these or recommend a decent package which has genuinely helped there overall forex trading profit,
Thanks all.
Best answer:
Answer by Y Green
Forex trading systems work only as long as traders work. It’s a simple case of emotion-free trading — letting markets decide the movements of trade rather than one’s perceptions or emotions about how a certain trade should progress.
I use autopilot systems along with my own experience as a forex trader (3 years). Right now, I’m focusing on EUR trades and see some potential along with JPY. I’ve got some good results trading GBP on Forex Brotherhood — It’s an award-winning MetaTrader4 compatible software with back tested reports & daily analysis that should help in your overall trades. I like the consistency, veteran experience and the fact that the system is built for the long term.
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