If you're in the market for an automated Forex EA Robot, you've come to the right place. As with any significant purchase in your life, you want to ensure that you are spending your hard-earned money on something worthwhile and not a scam. Here are a few tips to help you determine the good from the bad.
o Get real time results.
Make sure the company who produces the FX robot shows transactions from a real, live money market account. A positive track record should span over several years. While past results do not always guarantee future profits, seeing the track record proves that that the software is logically sound. In addition, make sure what you are viewing is not a simulation. While all EA robot companies offer backtests (and that is ok), it should not be their only means of providing you with results.
o Ability to tweak the system.
Reputable Forex robot software systems will reveal the logic behind them – more specifically how they generate their trading signals. If you understand and agree with their logic, then you will have confidence in the system and will be able to use the system with ease. The best robots allow you to trade with multiple currency pairs and use multiple different strategies for each. This gives you the ability to customize the robot until you find the most profitable strategy to use.
o Be realistic.
Do not believe the stories that promise to make you rich overnight – any product that says you will is a scam. Be aware…