There are hundreds of foreign exchange expert advisors but this one Forex Torpedo has attracted my attention. Why? Because it claims to beat other expert advisors by instead of using just past data, forecasting market price. It says it uses AI and other knobs and whistles to do that. Well, it is fascinating, but I have some doubts. Aren’t other expert advisors actually doing the same thing?

There are a large amount of expert advisors that claim to use artificial intelligence out there and to be frank, there’s no way we can see how they employ it and if they employ it in any way. Anyone can say they use articifial intelligence methods because it is not possible to approve it. But in the end what matters are the actual results. Does the EA bring good results? That is what matters, not that it forecasts market or uses past info. Having mentioned that, I should leave it there. Judge a foreign exchange expert advisor by the results, not by its features.