| Is the Forex Maestro another useless currency trading | | | | are inevitable and I am sure that Forex Maestro will not |
| automated robot, or does this one really work? After | | | | get it right all the time as well. Never invest with money |
| testing so many Forex trading software (more than | | | | that you cannot afford to lose. |
| 100 total number of Forex robots in my hard disk), I | | | | Another risk with using robots, or currency trading in |
| have come to the conclusion that most of them do not | | | | general, is that any technical faults like loss of internet |
| work at all. There were some manual systems that do | | | | connection will cause the robot to stop trading. All your |
| work to generate some profits, but the time required | | | | open positions will not be closed automatically and may |
| to implement them was not worth it. | | | | reverse against you. This is a very small risk that can |
| 1. How I Began Testing the Forex Maestro Software | | | | be eliminated by a stable internet connection. |
| Due to all the bad experiences that I have had with | | | | 3. Are Forex Automated Robots Backtest Results |
| currency trading robots, I decided not to risk any real | | | | Really Reliable? |
| money but to use a demo account instead to test | | | | I would recommend all users to test out new robots |
| Forex Maestro. After installing and running the robot, it | | | | with demo accounts first before using them live, |
| did not start making any trades within the first 3 hours | | | | regardless of how impressive their back test results |
| and this had discouraged me slightly. However, it | | | | appear to be. From my experience, a trading robot |
| started trading actively after the 3rd hour and closed | | | | can perform very differently in a live trading |
| out more than 90% of all positions in profit. | | | | environment compared to its back test performance. |
| 2. What Are The Risks of Using Forex Maestro | | | | This is because there are other factors affecting live |
| System? | | | | trading like the liquidity of markets at different trading |
| Even though Forex trading can be profitable, losses | | | | hours. |