The robots will certainly help you with the process of earning money on forex, but they will not replace your trading skill. So think twice before opening or cling your trade, even if such kind of inventions are appearing, they are only to HELP you, not to lead you to success.
With them, you can look to trade multiple systems. This means they can trade with various indicators at the same time. Moreover, the robots can take up both short and long frames. Short frames are more conducive for daily spinners who look to tackle as many frames as possible.
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The trading program or automated Forex robot has many advantages. The best part is that it lets you have a lot of free time. This means that you can run your errands without having to bother about your trades. Just place your order with the broker and let the software take over from there.
There was an interesting talk given by Regina Dugan of DARPA on December 14, 2011 for the engineering students and social studies students at MIT titled; ”Just Make It” which of course is a ”take-off” literally on the Nike Brand theme; Just Do It! – in this talk she mentions an aircraft manufacturing company which works without assembly lines and has been able to increase time to build from start to finish by a factor of 2. Each aircraft stays put, the folks working on it move. Okay so, that makes sense, and Rolls Royce and other high-end auto manufacturers use similar techniques, as to many of the hand-crafted high-end specialty cars.
Forex claims a few robots can trade profitably with 100% accuracy, like Ivybot. Some others with 94% accuracy like Forex Megadroid and 96% like FAP Turbo, though, the accuracy rates are debatable to an extent because the robots rely on past market pattern to analyse the market. With unexpected market changes, which may be comparatively new to the robot, accuracy in predicting possible positive trades may vary. They are tested and have proved to give profitable results at both demo and live accounts.