Automated Easy Forex System .com

The deregulation of the Forex market, now offers small investors and traders the chance to trade the Foreign Exchange and this has produced a dramatic increase in automated Forex trading systems. These provide the home based trader with a ‘set and forget’ trading methodology, where the trader installs a Forex robot onto their brokers charting system, selects their chosen inputs and the robot takes over. ..well that’s the theory.

There are many people who are selling Forex robots who have claimed to have found this Holy Grail, and though there are some very interesting Forex robots available, independent testing by experienced traders has highlighted inaccuracies in the claims made by the sellers.

Most of the Forex robot sales claims are based on historical ‘back testing’ results, not live account testing and depending on what system you are using and the accuracy of the historical charts you access, these will and do vary wildly. We have never yet been able to duplicate the results offered on a sales page. Some Forex robots we have tested were quite brilliant at cleaning out our demo account, so don’t believe all the claims.

Demo accounts also have the reputation for producing much better results that live accounts. Demo accounts will always fill a trade, whereas live accounts are subject to a variety of uncontrollable variables like spread variations, slippage, and liquidity, plus broker quirks and lot sizes, just to mention a few influences. So taking this into consideration, if a Forex robot wipes you out on a demo account, how do you think it will go live???

Much as I would love to, I am not going to list the Forex Robot failures, why? quite simply, I don’t want to get sued!

How does an automated Forex trading system work?

Check out our reviews:
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Every one is different, an automated Forex trading system dissects and interprets its preselected series of indicators, then determines entry and exit strategies based on its interpretation. It opens a trade automatically, based on risk management parameters and aims to make a profit. It will also close the trade, in line with its pre-coded parameters.

Most of the modern Forex robots work on Metatrader4, which is a very common trading platform and they need narrow trading spreads, often 2-3 pips, occasionally up to 5 pips. They often need time to “bed down” before they start trading. Some Scalp, which is grabbing small quick trades and others trade over longer periods and all will have loosing trades. You just have to make sure they have stop loss strategies built in, some don’t, so be careful!!

This is another way Forex robots make their results look good. Without a stop loss strategy, they allow excessive draw-downs, keeping the trade open until it turns and comes back into profit. If the draw-down is big it can also crash your account since you may not have the funds in your account to hedge the loss, so your broker will close your account.

If you don’t have the time to day trade and want to use automated Forex trading, there are a pair of Forex robots we use, these two robots are constantly updated by their developers, so we regularly watch their performance and keep them up to date, it’s all part of our financial management strategy for automated Forex robot systems.

To find out more about these Forex Robots, we review them on our new Blog, you will also find other Forex Trading Tools.

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