ForexRobot operates based on highly specialized computer algorithm. The easiest way to explain it is to compare it with Google. If you type a certain term in Google, it’s search engine will deliver the optimum results.
ForexRobot operates in very similar way. After you set the parameters for the trading, the algorithm will deliver suitable trades. However, unlike Google, even if you don’t have any criteria, the ForexRobot algorithm will continue to deliver. This is possible, as ForexRobot doesn’t want traders to miss a trade unless they explicitly state so in their settings.
However, understanding of the background mechanism that moves the ForexRobot is not of crucial importance for your trading. Still, it can help you understand better the service you are about to use.
To put it simply, ForexRobot does the analysis and delivers trades that have potential for being successful.
Another user-friendly aspect of the ForexRobot, as noted in our review, is that it is completely operated by the cloud technology. Cloud technology is based on huge datasets operated online. This means that ForexRobot can be reached from any browser, as longer as user has the login credentials.
Users never have to download a special program and copy it to all the devices they plan to use for trading. They can simply go online, use their login and trade. This can be done from your business laptop or friend’s mobile phone. However, simply for security reasons we advise never to save your password and username on 3rd party devices no matter how convenient that might be.