What are the disadvantages of forex trading robots?
Forex trading robots aren’t for everyone, though. They can be complicated to set up, and you may have to try several before you find one that works well for you. This can cost a lot, depending on which systems you decide to put to the test. Many have demo modes available, but you’ll never be sure how a system works until you take it out into the real world.
If your programming skills aren’t sharp, you may end up creating code that costs you a lot of money due to errors that you’ve programmed into the forex trading robot. You can hire a forex programmer, but this adds additional cost to your forex trading bot’s cost of operation. And again, even with a professional programmer, the risk of coding errors exists that may cause less-than-ideal trades until you get the bugs worked out.