A straightforward and precise expalining of Forex robots is that the concept was an concept of some high school people which involved the elimination of human factor totally from trading activities. They were of the opinion that the era counts on advanced technologies and automation and the drivers of the trading market imposes that it is fairly foolish to manually operate the whole system and glue up the eyes on the screen in order to analyse the growing and decreasing trend of the trading marketplace, particularly when the job can be performed by an automated trading method and that too at significantly efficiency which is fairly tough for a human getting to match.

The importance of discipline although making trading decisions is very crucial. Moreover, these decisions ought to be consistent and punctual in nature which induced the pioneers of the program to come of the opinion that leaving the whole trading method to an automated trading system covers all the practical aspects that are required.


Now the question arises that what do these robots truly do? Initially, these robots set some regular rules in order to trade which might come out in the form of some price pattern or technical indicators as the pc eveluates it to be. These rules are then applied for the purpose of attaining profit from the from industry events according to the signals that are received throughout the day of trading and continues onto the future. The outcomes of back testing proved that if the rules were used for trading purposes in the past, the automated program would have showed profits. Given that, the profits that are situated on back date can only give us joy and not the precise funds on hand, it is therefore, emperical for the method to create future profits - unless a forex trading robot is sold.

The reality here is that when the program, if applied in the past showed possible profits, then can the exact same outcomes be expected in the future? This is a point of disclaimer as legitimate forex brokers are of the opinion that prior performance does not guarantee future results. This clearly indicates that technical rules that are valid these days may not be valid tomorrow simply because the mathematical process which defines the cost adjustments are subject to frequent alter. Given that, the market is a location exactly where conditions are unpredictable, no standard mathematical formula or method can be applied in order to create continuous profits from the maket. In other words, it can be said that the results of the back testing proved that technical techniques and formulas can be proftable for some point in the past, but the point traders are interested in is that whether the exact same technical rules will be helpful in the future trading or not.