How Do I Find the Best Forex Robot Available?

Finding The Best Forex Robot

A forex robot is a computer software program which helps a forex trader by automatically executing trades in the forex market. Even unsupervised, forex robot software scans the market for long hours even while you sleep. It analyzes current market conditions and makes trades even without the attention of its owner. It can truly save a lot of time and effort from the trader himself and can earn him a lot of money efficiently and quickly.

However, before availing one for yourself, you need to realize that in order to get the best results, you will need to purchase the best forex robot system that fits your needs. This means that you need to do robot trades and make your decision following your due diligence on which one you think is the best forex robot program.

Do your Research

In order to do this, you can follow these simple steps. The first step is to canvass for the best forex robot system in the market and look for any video tutorials and/or reviews which can guide you in reviewing and using these programs. You will need to know that robot traders are customizable and programmable. If you understood the video tutorials and you think you may have a good chance of making a decision on which robot you will consider using in your forex trading, then download and test it on a demo account first. Testing should be done as backtests – going back in time and testing the robot’s performance. I like to do this in 6 month blocks and compare one 6 month set of results to the other. Then I like to optimize the backtesting results by changing key parameters one at a time and then in groups. Once I have finished backtesting I like to forward test on a demo account. This simulates live trading. Once happy then one can implement on a live account

My Robots

I currently run two sets of robots.

• I purchased Megadroid a few months ago. This is an automatic, 100% Hands-free Forex Robot that uses Rcpta Technology And Breaks All Records. It trades on EURUSD pair only on a one hour timeframe. My testing shows it is a reliable robot and I have had it in live operation. In the first 6 weeks it had placed 15 trades (i.e., does not trade very often) and had only had 2 losing trades. Profit percentage for that time is 8% which is a fantastic return for 6 weeks trading and 5 times the cost of the programme. Get it through this link for Megadroid

• My second robot is a robot training system called ATM which is available from Knowledge to Action where I trained in FX trading. It is an altogether more complex robot system as one has to train the robot oneself. This needs a post of its own.

I am also testing FAP Turbo – more about this in a later post