I often come up against forex robot sellers on the various forums out there and I am always amazed how far they will go to prove they have a profitable system. They will often post multiple metatrader demo accounts, quote the “outstanding†strike rate and continuously post spam comments across the various forums.
The most notable problem I have with these people is that they, nine times out of ten, do not trade the robot for real. It’s all based on demo accounts. Even my attempts to get these people to provide real trading accounts by offering a financial incentive or free advertising on this site have all failed.
The problem with not using a real account to test these system is that there will be issues with fills that you won’t get on a demo especially on forex trading. Ultimately you are trading through a broker and on an open market and you order will not get filled at the price you would on a demo where you get automatic fills. Continue reading ‘Problems With Forex Robot Trading Systems’ »