It was the first time that I used a robot and I don't know much about trading forex.
The robot was doing ok until the greek elections.
The developers do not hide that the robot has it's downs, but they claim that it will be profitable generally.
They specify that the robot works best late at night (GTM time) when the markets are calm and it tries to catch the small movements and gather many small and quick profits.
This is why the robot by default was trading for around 4 hours at night, 4 days per week (Friday was out for most pairs).
You could change the settings, even though it would be a bad idea if you were not sure about what you were doing.
I didn't gave the robot the time to prove this, so I can't say if it works like the developers say it works.
My opinion is that when "big" events that can radically influence the economy come up, it is safer to close the robot for a few days.
Last edited by captain1821; 07-22-2012 at 10:39 AM.