What are trading robots?
A trading robot is an automated trading system that trades on financial markets. Programmed according to certain parameters, the robot analyses prices and finds the exact spot for entering the market and places a trade.
Which assets are the robots suitable for?
The best robots usually the ones that are programmed to trade a single asset. Since favorable trading conditions are important for automated systems, traders mainly choose Forex Majors due to the tight spreads and higher liquidity.
Robots usually offer profitability of 20% to 80%. The numbers may differ depending on the type of the robot and trader’s goals. An average robot pays off in 1-2 months’ time
We recommend checking the robots
It can be done in several ways. The simplest solution is to use a build-in strategy tester and perform the test on a demo account. However, such approaches are not always 100% accurate and don't reflect the current situation. The best proof of genuineness of a robot is its profitability on a real account according to the account history. You can verify your robot through an independent trading accounts monitoring service Myfxbook.com.