There are masses of foreign exchange EAs but this one Forex Torpedo has drawn my attention. Because it claims to beat other bots by rather than using just past information, predicting market price. It says it uses A.I and other knobs and bells to do that. It is fascinating, but I’ve got some concerns. Are not other bots really doing the same?

There are plenty of expert advisors which profess to use AI out there and to be frank, there’s no way we will see how it’s used by them and if they employ it at all . Anyone can say they use articifial intelligence methods because it is not possible to approve it. But at the end of the day what matters are the particular results.

Does the expert advisor produce good profit? That’s what matters, not that it foresees market or uses past information. Having mentioned that, I should leave it there. We should judge a forex robot by its results, not by its features.