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  • Is Forex Torpedo Really Forecasting Markets?

    Posted on March 1st, 2010 Gestion No comments

    There are hundreds of forex EAs but Forex Torpedo has drawn my attention. Because it says to beat other bots by rather than using just past information, forecasting market price. It is saying it uses A.I and other bells and whistles to do that. Well, it is interesting, but I’ve got some doubts. Aren’t other bots truly doing the same? There are plenty of robots which claim to use A.I out there and to be honest, there’s no way we can see how they employ it and if they use it at all . Anyone can say they use AI technology and get away with itbecause it’s impossible to confirm it. But at the end of the day what matters are the results.

    Does the robot give good profit? That’s what matters, not that it predicts market or uses past data. Having said that, I could leave it there. Judge a foreign exchange robot by its results, not by the features.

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