A trading robot is an automated program that will trade on your behalf. However, there are many disadvantages of this kind of software. The most obvious is that you'll need to use a human's intelligence to develop trading strategies. As such, the robot's algorithm will not help you if you don't understand the approach that it takes. You'll have to study the algorithms separately before you trust them. If you don't do this, your trading robot will not be useful to you.
A forex robot is programmed with profitable strategies and can be programmed in Metaquotes Language. This programming language is used on the MT4 and MT5 trading platforms. These two platforms are not interchangeable. Nevertheless, there are advantages and disadvantages to each one of them. Before investing in a forex robot, you should make sure that it is programmed correctly to meet your trading goals. If you want to achieve success, you should invest in a robot that is based on a profitable strategy.
A forex robot can be free or cheap. If it is free, it's probably not worth buying. The low cost of the robot means that it's probably not worth buying it. A genuine forex robot will be expensive and will not come with any bargaining add-ons. When you buy a forex robot, you should read the reviews of it first. There are a lot of scams out there, so do your homework.