Forex trading is not for the faint of heart. Why not let a robot do the thrilling work? Perhaps the simple answer is:
Because the robot will trash your money! Sadly this seems to be true more often than not. Many of the expert advisors out there for the Metatrader platform produce many smaller gains in a row, just to lose everything that got accumulated and more by one single blow.
May it be that the smoke on the homepage of the robot site below does not indicate a smoking hot trading system, but a meteoric impact of the last loss that left everything burnt?
Seen from a more optimistic viewpoint, this autotrading system seems to exploit something specific as it trades only the Asian session and only with a pure scalping system. Implicitly this means that currency market moving events statistically are more often originated from Europe and America than Asia. The Asian session seems to be viewed as a quiet interim period that more safely suggests a scalping trading style. Perhaps its also a good idea to find other periods of the day when to switch on your robotic scalper.
At least this is an interesting proposition. Whether it really works, is hard to say. The big banks should be able to do things like these EAs for the small guy on a higher level. One should expect their robots to wipe out all tradeable regularities to a degree that nothing is left for the bingo player.
