A forex robot (aka "expert advisor") is software that trades a strategy for you. They run inside your forex terminal and can be attached to any currency you choose. Using advanced calculations they open and manage forex trades for you according to a specific strategy. Every EA is different. Use more than one at the same time for best results. In this review we explain why you should not buy any trading robot from Forex Robot Trader. It is presented by Don Steinitz. The FRT website is selling Forex robots. It claims that all robots are profitable. Each robot is allegedly making tens of thousands of dollars per month, meanwhile all robots together make tens of thousands of pips per month. If a forex robot has a profit factor less than 1, eg profit factor of 0.7, this means that for every $1 you can expect $0.70 back (the forex robot is a losing one!). If a forex robot has a high profit factor, it is a good one – eg profit factor of 6.0 ($6 gained for every $1 risked). Jun 2, 2020 - 1 Star FRT ODIN robot is fake. I have tried it on different platform providers but to be frank with you. It's a worst of money. All the accounts kept losing money. The technical guys are good at blaming the platform providers. At first I was told that it's will transform your forex trading and it generates pips like no other. FOREX.com is a registered FCM and RFED with the CFTC and member of the National Futures Association (NFA # 0339826). Forex trading involves significant risk of loss and is not suitable for all investors. Full Disclosure. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act.
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