Initiating trades Managing opened positions Exiting trades Generating signals for the trader Copying trades to other trading platforms Trading automatically round-the-clock In manual trading, a trader normally establishes the trading rules and then follow those rules every time she or he wants to enter or exit a position.
Blogging my experiences with forex robots as I go.
You are right about the semi-automated robots that help the traders manage their positions, move the stop loss and target, hide the stop loss and target from the broker and…. In the above article I am talking about the fully automated robots that are sold over the internet.
They make the novice traders lose money and get disappointed on trading. So it is not an auto-trading robot. It just plots the lines. He wants to share it on LuckScout for free.
It is a while that I am checking it to see if it is good enough to be shared on the site, and I have come to this conclusion that it can help novice traders learn technical analysis much easier and better. So I have decided to share it on the site. So in general I agree with you that some robots can help.
This cBot will get the most of your winning trades. It will prevent hitting the target while you are surfing a winning trend, without risking the pips you are already earning. Erik, I enjoyed your comment about the robots. I would like to check them out.
Am i professional trader. It allows us to trade manually as well. Using robots help us very much especially if you actually do it right in the parameters and if you understand the market and keeping in mind that there are lots of scam and stupid robots.
One of the biggest problems is that we need a VPS for those. A friend recommended me a platform called vertex which have great features which saved us thousands of dollars. One of the main features is the free EA hosting! Do a quick Google search for details. Actually robots are good and very useful. They automate our trading and help us to get better results and performance. Of course this depends on the robots.
For example i mix manual trading and automated managing of these trades. I use a robot called profit defender to set automatic trailing stops to my manually opened trades.
If there are any other traders who do the same please share your experience here i would like to get other traders opinion. The robots that help you manage your open positions are helpful. Or you have to rent a VPS and let the robot work on it 24 per day.
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