Manual Trading Vs Auto Trader Robots

Auto Trading Robots For all you manual traders out there having a hard time trading I am sure you have considered using Auto Trader Robot also known as Expert Advisors or (EAs). You have to decide if you are going to turn over your hard earned money to a robot trader. I can’t tell you what to do but I can give you my personal experience with this matter.

I have been trading for about 6 years. I always traded manually. I did not hear about EAs till about 6 months ago. Of course if I can get a robot to trade for me and I sit back and collect the green well what is wrong with that?

To start, I find Trading Robots to be a whole heap of rip the traders of crap!!! Here is what I did. Of course I am not to to risk my entire trading account to a robot. I keep trading my account manually but I opened an account with a popular broker that offers the Meta Trader Platform. I deposited the minimum required for that broker which also happens to be the minimum that most auto trader sites say you can start with.

So what happened? I tried the first auto trader robot which I bought. I will not name the Trading Robot or site. I may actually review each auto trader I bought at a later date.
So back to the first one I bought. I installed it an set the recommended setting and let it run with no manual intervention.
Would you believe that in a less than 2 weeks my account was wiped out? Yes that is right, my full account deposit lost.

Well I know that market conditions can lead to things not going the way they should so I decided to give the same robot a second chance and again it failed. I bought 3 other Auto Trader Robots since then and got the same result from all of them. Some took longer to lose the deposit but eventually they all failed. I have not tried all the Auto trader Robots out there so maybe they are some that work great, but I have not come across any as yet.

I don’t know if any of you out there have had any profitable experience with these Auto Trader Robots but if you did please share it here with us. I would love to hear from you.

For those of you who are still trading manually I suggest you continue to do so. If you are having a hard time making money trading, take a step back do some more studying and demo trading and go at it again. If you think you may be on the verge of giving up feel free to contact me and I can give you some advise from a profitable self made trader.

If you know a Forex Auto Trader Robot out there that you would like me to review let me know. I will buy it, try it and give my honest review based on the results I get.

Well that is all I have to say on this for now. Until next time. Happy Trading.