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Fact checked by Yarilet Perez What Is a Forex Trading Bot or Robot? A forex trading bot or robot is the colloquial term for a software program based on foreign exchange market price
So the obvious question here is: do Forex trading robots really work? Well, the simplest way to answer this question is to simply run some tests. Traders can do backtesting by going to the 'view' bottom of the main menu in the MetaTrader 4 platform and select the 'strategy tester' option. Alternatively, traders can use the Ctrl+R key
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