Market Prediction and Foreign Exchange Expert Advisors
Most Forex robots trade based on past information. That is, they’re built to recognize patterns using indicators in past information and apply the results on the current market cost. They do not actually forecast the future market cost. But there also are some bots like Forex Torpedo that employ AI to predict the market. Such bots also use past info to verify their prophecies, but that isn’t their main tool. The particular prophecies that they make are. Of course, there’s the chance to fail at forecasting but the potential of prediction is higher than just using past data. Because as we know, past information doesn’t guarantee future results.
Tags: exchange expert, expert advisors, future market, market prediction, prophecies
February 28, 2010 | Filed Under Finance