Market Forecast and Forex Bots
Most Forex robots trade based totally on past data. That is, they are built to recognize patterns using indicators in past data and apply the results on the current market cost. They do not really foretell the future market cost. But there are also some androids such as Forex Torpedo that employ artificial intelligence to prophesy the market. Such bots also use past info to determine their prophecies, but that is not their main tool. The particular predictions that they make are. Of course, there’s the probability to fail at forecasting but the possibilities of prediction is higher than just using past info. Because as we all know, past data does not guarantee future results.