Is Forex Torpedo Really Forecasting Markets?
There are tons of forex robots but Forex Torpedo has drawn my attention. Why? As it claims to beat other EAs by rather than using just past data, predicting markets. It says it uses A.I and other knobs and bells to do that. Well, it is fascinating, but I have some doubts. Are not other EAs truly doing the same thing?
There are a large amount of EAs which profess to use A.I out there and to be blunt, there is not any way we will see how it’s used by them and if they use it in any way. Anyone can say they use articifial intelligence technology because it’s impossible to confirm it. But at the end of the day what matters are the actual results.
Does the robot give good profit? That is what matters, not that it predicts market or uses past information. Having said that, I should leave it there. We should judge a forex EA by the results, not by its features.