Best Forex Robots of 2010

Best Forex Robots of 2010

Best Forex Robots of 2010

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Login

Login via

Register
Hello
My Home
Sign Out

Email

Password


Remember me?
Lost Password?

Home Page > Finance > Currency Trading > Best Forex Robots of 2010

Best Forex Robots of 2010

Posted: Aug 31, 2010 |Comments: 0
|

]]>

Every few days, a new forex robot is being launched. Are these forex robots up to the snuff? Do they really work? Can a forex software that costs not more than 0-0 make you rich? The real truth about these forex robots is that some are real good while most may not be good. There are many forex robots that can easily wipe out your capital in the trading account if you are not careful.

How do you know this is a good forex robot and not some piece of junk software? Can back testing and forward testing give you any clue about the live trading performance of a robot? Backtesting is done with historical data. It simply ignores slippage, one of the most important facts that a trader has to face while trading live. So, the back testing results are no accurate indication of a robot doing well under live market conditions. Plus, markets keep on changing, so historical data may not be an accurate depiction of the present market conditions.

Forward testing is done on the demo account. There is a difference between the demo account and the live account. There is no slippage in the demo account again. When you trade live, your broker has to take an offsetting position against you as a market maker. Now, there are times, when the market is highly volatile and the broker may not be immediately able to offload all these offsetting positions that retail traders have taken into the interbank market.

What this means in essence is that a trade might get executed in a demo account but may not get executed in a live account. So forward testing also gives you not an accurate picture of how the robot is going to behave under the live market conditions. There is no substitute for live trading results.

That is why most forex robot vendors are now turning towards showing live trading results on their websites. Recent, a robot with the name of Forex Legend was launched. The vendor is showing the live trading results of Forex Legend on 52 live trading accounts using 5,000 of their own money.

Forex MagaDroid is a very good forex robot developed by two professional forex traders who have more than two decades of experience trading forex. Their website shows the live performance of Forex MegaDroid since it’s launch in the beginning of 2009. The performance of Forex MegaDroid has been exceptional. It has been more than 2,300% NET PROFIT since 2009.

Forex Automator Pro turned ,000 into .5 Million giving a return of over 3,000%. Not bad! The developer shows his real account statements. Similarly, Forex Trading Scalper made 738% NET PROFIT on a live trading account.

What this means is that vendors have also realized the people want live trading results now not some back testing results or forward testing results. So, if you are interested in trading with a robot, you should carefully study it’s performance on a live account.

Don’t get duped by back testing and forward testing results. These results do not give an accurate picture of the performance of a robot on the live trading account. Now, if you have a robot that has performed very well on the live account but when you trade with it, you don’t get the same results? What can be the reason?

The performance of a robot depends on it’s settings. If you want to get the most out of a robot then you need to learn how to optimize it’s settings. When you buy a forex robot, try to understand it’s trading strategy. Some, robots use scalping as their trading strategy. Now, in scalping, you don’t put a stop loss. This makes the robot dangerous and you can get your account wiped out in one wrong trade made by that robot. So, you will have to put a stop loss and see if it gives good performance on the demo account, if not then don’t trade with it.

Similarly there are robots that use swing trading strategies. The point is that understand the robot and try to optimize it so that it works for you too.

Retrieved from “http://www.articlesbase.com/currency-trading-articles/best-forex-robots-of-2010-3170190.html”

(ArticlesBase SC #3170190)

Watch your traffic increase just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Ahmad Hassam -
About the Author:

Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading stocks and currencies! Discover a Forex Robot that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more. Get this 1 Minute Forex Trading System FREE!

]]>

Questions and Answers

Ask our experts your Currency Trading related questions here…

Ask

200 Characters left

What is the best approach to use forex signal in forex trading? Is this driven by fundamental aspect of trading?
fap-turbo-settings-so-they-your-robot-trades-at-a-more-optimum-level-is-it-really-true-that-your-profitability-with-fap-turbo-depends-on-the-type-of-settings-you-have-on-it-11091" onclick="_gaq.push(['_trackEvent', 'Articles', 'RelatedQuestions', 'Currency Trading']);">How can you tweak your fap turbo settings so they your robot trades at a more optimum level. Is it really true that your profitability with fap turbo depends on the type of settings you have on it?
I have an open plan house what robot vacuum would be best for many rooms at once and how long do they go for after charging?

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

0) {
ch_selected = Math.floor(Math.random()*ch_queries.length);
if(ch_selected == ch_queries.length) ch_selected–;
ch_query = ch_queries[ch_selected];
}
}catch(e){
ch_query = document.title;
}
]]>

Source:  http://www.articlesbase.com/currency-trading-articles/best-forex-robots-of-2010-3170190.html

Article Tags:
forex robot, forex robots, forex trading robot, forex trading robots, best forex robots, top forex robots

Related Videos

Related Articles

Latest Currency Trading Articles
More from Ahmad Hassam

Learn about Forex Trading Myths

5 Forex trading myths. How to avoid some of the most common mistakes in Forex.
(04:09)

How to Avoid Risks in Forex Trading

How to cut the Forex trading risks as much as possible. For more free articles visit us on http://forextopten.com/articles/.
(02:46)

How to Avoid Forex Trading Scams

Learn how to trade Forex with simple trading tips and avoiding the most common mistakes. (02:29)

Day Trading Forex Tips

Learn why is it so difficult to day trade Forex (Foreign Exchange Trading). (02:30)

Eliminate Emotional Blocks in Trading Using Meridian Tapping Part 3

Here’s the third part of this week’s Meridian Tapping video series. Meridian Tapping is an extremely effective method for many people in all walks of life including Forex Traders to remove emotional blocks that prevent them from accomplishing what they intend to do.

As a result, some traders who use Meridian Tapping are finally winning after years of struggling to break through the barrier that prevented them from getting consistent profit. (04:39)

Advanced Automated Trading FREE Course That Shows How To Find The Best Settings For Your Forex Robot!

You need to download this FREE Cyborg Master Strategies Automated Trading Course just now and discover how you can make your forex robot work and make more money for you.

By:
Ahmad Hassaml

Finance>
Currency Tradingl
Aug 31, 2010

The Best Forex Platform and The Meaning Of Foreign currency Trading?

You can do the research or talk to anyone you might know that has experience with forex and they will all have different ideas on what is the best forex platform to use. Although in the end, it is you that will have to make the choice on what will be the best forex platform for yourself.

By:
Larry Paynel

Finance>
Currency Tradingl
Sep 20, 2010

Forex Automatic Trading – Don’t Trade With A Forex Robot Trader Until You Read This!

There are thousands of Forex robot traders out here in the market, so how do you differentiate between the best Forex robots and the ones that are pure junk?

By:
Thad B.l

Finance>
Currency Tradingl
Feb 22, 2011

Hey, Yes Your Forex Robot Can Help You Outside Of Automated Trading

If you read enough advertisements, reviews and sales pages for forex robots, you’re probably thinking that the only way a forex robot can help you out is by trading on autopilot. That’s an easy assumption to arrive at. After all, the developers behind forex robots are always touting the ability of their products to make us tons of pips while we’re away from our computers. Go to work, go to sleep, but leave your forex robot on and you can make some pips.

By:
Francisco Pizarro G.l

Finance>
Personal Financel
Dec 31, 2009

Forex Robots And MetaTrader: An Ideal Way To Trade

In the world of forex trading, traders are always in search of the next cool software, computer program or gadget to help them get in an edge. As we’ve said before, there’s no such thing as a holy grail in trading, but some traders might tell you that MetaTrader is pretty darn close to being a holy grail.

By:
Brenda Maisonl

Finance>
Personal Financel
Dec 07, 2009

Forex: Robots Vs. Humans, Automated Trading Vs. Manual Trading

FOREX: Robots Vs. Humans, Automated Trading Vs. Manual Trading

By:
Victor Marsl

Finance>
Currency Tradingl
Jan 28, 2008
lViews: 182

Megadroid - Best and Most Profitable Forex Expert Advisor" href="http://www.articlesbase.com/day-trading-articles/forex-megadroid-best-and-most-profitable-forex-expert-advisor-3062110.html" onclick="_gaq.push(['_trackEvent', 'Articles', 'RelatedArticle', 'Currency Trading']);">Forex Megadroid – Best and Most Profitable Forex Expert Advisor

Do you want to make money from trading Forex? If so, you’ll be excited to hear about the next big thing in Forex, Forex Megadroid. Megadroid is a forex expert advisor, designed for the MT4 trading platform. It’s also a scalper, meaning it makes regular trades – so you’ll always be in the market. Secondly, Megadroid has an extremely high strike rate – a 95.82% ratio to be exact.

By:
Yolanda Beardl

Finance>
Day Tradingl
Aug 17, 2010

Manual Versus Automated Currency Trading – Which One is The Best and How to Use Them

The 2 major means of trading are manual and automated currency trading. Both are good in their own way. The new comers to trading market find it difficult to decide that with which system they should take a start. This article may help them in this aspect. It will discuss the main features, advantages and disadvantages of both methods.

By:
Helen C. Wilsonl

Finance>
Currency Tradingl
Jul 11, 2010

Why Interfering With Your Forex Trades Is a Bad Idea

One of the biggest mistakes that aspiring Forex currency traders make over and over again, which keeps them from reaching their full potential in the market, is interfering with their trades after they enter them.

By:
Nial Fullerl

Finance>
Currency Tradingl
May 23, 2011

The International Currency Market

Whether one likes it or not, and many don’t, the US dollar is still the measure against which other currencies are valued. Depending on a number of factors, such as the perceived availability or scarcity of oil, the availability of gold and other commodities as well as the employment figures, the value of the dollar goes up and down.

By:
Frank Blackl

Finance>
Currency Tradingl
May 23, 2011

Ask One Question From Russ Horn On His Forex Master Method And Win An iPad 2 Plus Download Candlestick Patterns Recognition Software FREE!

In this business there’s one name that stands head and shoulders above the rest. Russel Horn! His reputation for pure excellence is unparalleled. His dedication to his traders is unmatched. Russ has been cooking up something over the last few months and he’s ready to drop the hammer. Take a look at this: He’s celebrating this new system in style though, as only Russ knows how to do…

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 23, 2011

Mike Maffei answers questions about Currency Cash Machine

Mike Maffei answers questions about Currency Cash Machine, trading the bank order flow, and mirror trading. Mike Maffei’s Currency Cash Machine has stirred up a hornet’s nest of questions. He’s going to start letting traders demo the service very soon

By:
John Gilmorel

Finance>
Currency Tradingl
May 22, 2011

Russ Horn Forex Master Method Is About To Change Forex Trading Forever!

A trading robot can be a help but you will have to master the trading system yourself if you want it to make money for you. This is where Forex Master Method comes in. Forex Master Method will give you a proven and tested unique method of trading forex.

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 22, 2011

U.S. Dollar Down But Not Forgotten – Why Does Everyone Love to Hate the Dollar?

I would allocate 60% of that billion to the U.S., 35% to Japan and the remaining 5% to Canada and Australia. That thinking will eventually take hold and the Dollar will rise against most major currencies, the Yen will stay strong or in a tight range and the Euro will decline just because there is a better place to invest one’s money.

By:
Currency Professorl

Finance>
Currency Tradingl
May 22, 2011

Entering the Stock Market Industry

Today’s world is all about making money so that you can support yourself and your family. Nothing is cheap anymore because of the global recession which has seriously crippled our economy to the core. If this keeps on going then you can expect everything to go up in price for the next 10 years or so.

By:
Teena Soundl

Finance>
Currency Tradingl
May 21, 2011

Forex Blog Introduction and Benefits

“Fail to experience early as possible. ” Someone “The secret of success in life”, but remark about the very successful FX trading FX collection of information and reading these words are true. And also continue to benefit from foreign exchange and stable!FX has a variety of personal blogs, like the first one actually failed to Recommend reading of “like precious experience” could be obtained.

By:
Andrewl

Finance>
Currency Tradingl
May 21, 2011

Ask One Question From Russ Horn On His Forex Master Method And Win An iPad 2 Plus Download Candlestick Patterns Recognition Software FREE!

In this business there’s one name that stands head and shoulders above the rest. Russel Horn! His reputation for pure excellence is unparalleled. His dedication to his traders is unmatched. Russ has been cooking up something over the last few months and he’s ready to drop the hammer. Take a look at this: He’s celebrating this new system in style though, as only Russ knows how to do…

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 23, 2011

You can TEST-DRIVE Macro Millionaire for a FULL 90 days, RISK FREE…BEFORE making your final decision!

“Give me 90 days and I’ll transform YOU into a world class trader.” From the desk of John Thomas…The Mad Hedge Fund Trader…Founder of the original international hedge fund…You’re invited to test drive my Macro Millionaire Coaching Program & Trading Service risk-free for 90-days click here to get all the details…

By:
Ahmad Hassaml

Finance>
Investingl
May 23, 2011

Russ Horn Forex Master Method Is About To Change Forex Trading Forever!

A trading robot can be a help but you will have to master the trading system yourself if you want it to make money for you. This is where Forex Master Method comes in. Forex Master Method will give you a proven and tested unique method of trading forex.

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 22, 2011

Currency Cash Flow Machine By Mike Maffei That Turned K into 0K in 30 Days!

Too good to be true? (Front-running banks)…If you think Mike Maffei’s returns are “too good to be true,” then you need to hear about his million-dollar money-management secret: click here to watch Mike’s new presentation. Mike freely admits that front-running Citibank, UBS and other big banks who exchange .2 TRILLION a day in currencies is only HALF the secret to his outrageous returns.

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 19, 2011

Forex EA Lab-Get All The Detailed Live Trading Statistics For 100+ Forex Robots That Has Been Tested By Mark Larsen!

ust join the Forex EA Lab and get all the detailed live trading statistics for each EA that has been tested by Mark. Now, Mark plans to add one new EA each week to the Forex EA Lab inventory. These Forex EA Lab live trading results are invaluable for you if you are interested in building your own winning portfolio of forex robots.

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 19, 2011

Why Do Some Traders LOSE On WINNING Recommendations? Watch This Top Gun Options FREE Presentation!

Why Do Some Traders LOSE On WINNING Recommendations? Show me the world’s highest performing trade recommendations…heck, show me an advisor with 100% winners… and I’ll show you people who have those picks, yet still LOSE money.

By:
Ahmad Hassaml

Finance>
Investingl
May 17, 2011

Macro Millionaire Coaching Program Questions & Answers By John Thomas!

Macro Millionaire is generating a lot of buzz. I’ve received hundreds of comments on my last two presentations; all of them positive, which, apparently, is a rarity online (or so I’m told).

By:
Ahmad Hassaml

Finance>
Day Tradingl
May 17, 2011

Forex Hercules Signals And Trade Replication Service!

The FOREX industry is the only way to ensure you can make huge lump sums. There are thousands of guys more successful than you creating an incredible buzz online around an incredible product and service called FOREX HERCULES. Chris Alexander’s master-class FOREX HERCULES in making incredible profits!

By:
Ahmad Hassaml

Finance>
Currency Tradingl
May 15, 2011

Add new Comment

Your Name: *

Your Email:

Comment Body: *

Verification code:*

* Required fields

Author Navigation

My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box

Ahmad Hassam has 347 articles online

Contact Author

Subscribe to RSS

Print article

Send to friend

Re-Publish article

Articles Categories
All Categories

Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing

Finance

Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building

]]>

Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog

Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Mobile Version

Webmasters
RSS Builder
RSS
Link to Us

Business Info
Advertising

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.

No related posts.