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I am new Trader, Technical Analysis and Fundamental Analysis seems very difficult, I often hear vibes for gold expert advisor, did some body try the gold expert advisor offered. They claim their robot is very profitable and made 100% profit in 5 months. Pls. help
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Re: Please Help
What does a Forex Robots or an automated trading program really do? It must first establish some rules for the trade which will be in the form of some technical indicators or price patterns as evaluated by the computer. Then it must apply these rules for profiting from market events, as signals are generated throughout the trading day, and into the future. What does the back testing prove? If the rules were applied in the past, the program would have registered profits. What must the program do? It must make profits for us in the future because historical profits may make us smile, but they will not add a penny in our pockets – unless we’re selling a Forex Robots.