To be effective the robot needs to run 24 hrs. a day. This means you leave your computer running 24/5 or in a lot of cases 24/4 (some robots need Friday off to discuss the weeks trading with the Creator).
You can install your 'bot on a VPS (that is what I do) then your computer is yours again and you can get on with your other activities. This is probably the way most of them are run, but I am not sure. The trouble with this is it costs $ on top of what you paid for the robot in the 1st place, but if he is smart and loyal he will pay you back every month.
But... If your VPS server goes down you could be stuck in a bad trade that you don't know about and this could screw your account big time. A lot of them have stops set at 150 - 500 pips. Imagine 500 pips!! who in their right mind would do that? If you where trading in person I am certain you would dump a bad trade long before you had a 500 pip loss. Am I right? I hope so.
You can install your 'bot on a VPS (that is what I do) then your computer is yours again and you can get on with your other activities. This is probably the way most of them are run, but I am not sure. The trouble with this is it costs $ on top of what you paid for the robot in the 1st place, but if he is smart and loyal he will pay you back every month.
But... If your VPS server goes down you could be stuck in a bad trade that you don't know about and this could screw your account big time. A lot of them have stops set at 150 - 500 pips. Imagine 500 pips!! who in their right mind would do that? If you where trading in person I am certain you would dump a bad trade long before you had a 500 pip loss. Am I right? I hope so.
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