Automatic trading of Forex has become a very hot development. Automatic trading is performed by a program called Expert Advisor, commonly referred as a Forex Robot.
Forex Robots
These robots trade using as interface the Metatrader 4 software connected to one of several available Forex brokers.
Several robots have made their appearance in the Forex arena, by far the largest trading market moving some 1.2 trillion dollars each day (just for comparison the New York Stock Exchange moves in a typical day less than 50 billion US dollars).
Forex robots are designed to trade for you 24 hours a day, every day (the Forex market is open 5 days a week).
Forex Robots eliminate the biggest enemy of trading, the emotional human decisions leading to erratic trading resulting in capital loss.
Which is the best Forex Robot?
Several robots have been released to the Market, each one claiming exceptional success and showing account statements backing their claims.
Is what they claim really true? Well, some of those claims may be true, some of those based on live accounts (real money accounts), some may be true but may show only the month in which they were profitable excluding losses in other months. Some show just demo account statements which are crude simulations devoid of real life problems like slippage, delay time in trading which actually account for heavy losses.
Even if you buy a robot and it has a good performance in a live account, it may happen that, due to unexpected market trends and conditions its performance may be far from good the next month.
Forex Trading Risk
The real cost of a bad trading is not the money invested (you can request a full-refund in most cases); the real cost are the time and capital that you can lose with the wrong forex robot, therefore you should aim to get not less than a perfect forex robot.
Wait… is there such a thing as “a perfect forex robot”? The answer is probably a shouting “NO”, but there are very good forex robots out there and some of them can certainly help you trade and reach your goals.
Forex Trading Robots
A specific robot may be good for a specific pair (i.e. EUR/USD) during a long trend, and may have a dismal performance after market reversal (i.e. under a short trend). On the other hand, a previously unsuccessful robot, may become King of the Mountain under short trend.
This means that in Forex Trading, as in every aspect in life:
ADAPTATION IS KEY TO SUCCESS
The concept behind Forex-Robots.com
This site was designed to let Forex traders, both new or experienced:
1. Choose their forex robots/expert advisors according to the actural real time performance under totally automatic conditions as per manufacturer instructions.
2. Track on time, under real changing market conditions and trends, if still their forex robot is the best choice at a given time, and if not, to let them switch to the one performing best now.
We present here independent LIVE forex trading accounts, each one managed by a different forex robot. In every new cycle accounts start with the same capital to bring equal opportunitiy to all forex robots.
The Forex Broker we use
We run our forex trading accounts with is IBFX. You can watch the performance and results of each of the tested forex robots using our own access which is automatically sent via email once you subscribe to our website.
You are now invited to make a sound election and chooser the forex robot that better fits your necessitites based on real facts.
May the PIPS be with you…
