No. These forex robots and Expert Advisors are also what's known as a black box system. We don't really know how they're built or why they work. All we can do is attach such a robot to our charts and cross our fingers when it's executing trades. In some cases, the only people that make money out of forex robots are the vendors who sell Quick and easy setup: You can get started trading currencies with a forex robot in just minutes and still have a decent chance of being profitable. Make and execute fast trading decisions: Robots Forex trading robots, also called automated trading systems, are computer programs that do all the hard work for you - they analyse the market, open, manage and close trades for you. Those programs differ in the complexity from very simple programs with a few lines of code to institutional algo-robots that are immensely complex. Fact checked by Yarilet Perez What Is a Forex Trading Bot or Robot? A forex trading bot or robot is the colloquial term for a software program based on foreign exchange market price Forex Robots are becoming increasingly popular for individuals to trade in the Forex market. With Forex robots, traders don't have to spend hours analyzing markets or manually entering trades - they just set up their robot's parameters and let it do all the work for them. But do Forex robots work? Do Forex trading robots really work? Though forex auto trading robot software promises to make beneficial trades, not all automated forex trading robots are what traders expect them to be. Moreover, some federal governments consider bots to be scams. While the robot can perform many highly sophisticated tasks, the software is still not capable of creative thinking or exercising truly good judgment. Forex robot trading software is presently limited to initiating trades based on past performance, its current programming and its parameters. UpAyQl.

do forex trading robots really work