Forex Trading Robots - Why Most Automated Trading Systems Sold Will Destroy Your Equity
There more popular than ever and greedy investors think they are going to get rich quickly with no effort. The reality check is almost all robots will destroy your account equity quickly... 95 - 98% of robots I see on the net have not even been traded! The track record has this disclaimer on it. Look for it in the small print if you see it and read it you will understand why it probably will fail miserably: "CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. ...
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