Quote:
Originally Posted by Sattvinder
There are many advanategeous for using a forex robot instead of doing manual trading. The primary advanatge is that, you don’t have to sit infront of your computer watching trades all the time. Once set, the auto forex robot will take care of all your tradings. Probably the biggest benefit of using a forex robot is that, the robot is a computer program and will not be influenced by human emotions.
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Yes but, you still have to enter the position size, or how many lots you will trade, so therefore you are still open to the pitfalls of emotional trading. Correct? Plus you still have to FOLLOW THE SYSTEM, meaning you can over-ride it. Most traders cant make a forex trading plan but they don't follow it, there in lies the problem.