Forex Robots

If you have problems with developing a profitable Forex strategy there are different Forex robots in the market that can help you to trade.

How these “robots” work? The Forex robot is software program that can work on your trading platform and make the sell and buy decisions for you based on the algorithm programmed. If your broker provides you with MT4 trading platform which is the best for trading Forex you should be familiar with the concept of “Expert Advisor” or EA which is software that you can run on the MT4 platform.

If you are able to develop a good Forex strategy you can program it yourself using the native programming language of the platform or have someone to program it for you. Then you can run it in real time and this will be your own “Forex robot”!

In order to get to this point you need to study market very well, fundamentals and technicals alike so you’ll be able to develop a viable strategy. Then you put together a strategy you need to program it and backtest it for many years back to see how the program is performing, if the results are satisfactory you need to trade in real-time, preferably in a demo account for 2-3 months and after that, only if you are satisfied with the results you can trade with real money. If you are not satisfied you will need to fine tune your EA and start all over again.

This whole process is extremely time and energy consuming. Some people enjoy this process; others want to start as soon as possible and don’t want to go through all these steps to create their own EA.

This is where the “Forex robots” (EAs) come into play. You can buy a ready-made EA and all you have to do is to open a demo account with your broker; try this EA with different settings in different timeframes till you feel comfortable with it, that is, it makes you money consistently and corresponds to your trading style and risk tolerance.

Then you can open a real account and trade real money. Some EA developers even offer to run the EA on their own server this way you won’t need to keep your computer on at all times and worry about a possible power failure.

If you decide to run it on your own computer you will need to stop it when you are not home so a possible energy failure will not result in big financial losses for you or if your EA has sound stop loss order already placed with your broker you might be able to leave it on with little supervision. In any case I would recommend a power generator if you want to make it a full-time business. This way you will have time to exit the trade manually.

If you decide to buy a “Forex robot” you have to make sure that the software was not only back tested but also forward tested with the real money at stake and NOT in the demo account. This is because in real time slippages are more possible than in the demo account and results will be different.

One program that the creators claim were tested in real time with real money is here.
Right now it is sold at a low one time fee with a full money-back guarantee if it doesn’t work for you. They are going to change to a monthly fee schedule shortly so if you are really interested in buying a ready-made EA – check out this offer now.

Here is just a small part of what was achieved in real-time trading with this EA:

$500 Turning Into $1,100- In 2 Short Months
$2,500 Turning Into $8,700 – In 45 Days
$5,100 Turning Into $25,100 – In 30 Days

Just to sum-up with a ready-made EA you will need to open an account with your broker; demo trade the EA first till you feel comfortable with it and only then start the real-time trading. In case it doesn’t work for you – you can always return it within the guarantee period so you really have nothing to lose.

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