Thread: Can anyone provide insights on the Forex Recovery Bot available on CheaperForex?

Can anyone provide insights on the Forex Recovery Bot available on CheaperForex? I'm intrigued by its concept of potentially recovering from losing trades, but I'd like to know more about how it works in practice. Has anyone used it before? How effective is it in mitigating losses and achieving profits? Any feedback would be greatly appreciated!
https://cheaperforex.com/product/forex-recovery-bot/

Forex trading can be highly profitable when thoroughly understood and mastered. Therefore, it is essential to consistently develop one's skills to trade optimally and profitably with Tickmill as the chosen broker.

Haven't tried this particular bot, but I’ve used other bots that do the whole “recovery trade” thing. The idea is that they throw in extra trades when one starts to lose, hoping to get back to even or make a bit of profit.
If you're looking into automated trading, I’d say check out forexflexea.com. It works a bit differently by setting up “virtual trades” to watch the market and wait for a good moment to jump in, which feels a lot safer.

There will never be anything instant in this forex business, considering the big risks involved, so it is important for us to always improve our abilities so that later we can understand how to trade profitably with Tickmill.