Scott16 Harris

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What are the pros and cons of using commercial forex robots?

Commercial robots are pre-built EAs sold to retail traders. Benefits: accessibility, ease of use, and no coding required. Risks: lack of transparency, overhyped marketing, and curve-fitted strategies that fail in live trading. Institutions avoid them, preferring proprietary models. Retail traders tempted by “100% win rate” claims should demand verified track records and use small accounts for testing. Commercial robots can help beginners learn automation but should never replace independent skill development.