Almost daily now you'll find a new forex robot hitting the market. If not daily then at least in a week, you can find many new expert advisor (EA) promotions hitting your email inbox. Most of these forex robot vendors aren't satisfied with one email. you'll get a sequence of emails from these vendors and their affiliates begging you some how to buy their Expert Advisor.
First, if the EA has been so successful trading forex, why'd the robot developer need to make money by selling the robot. But there are some genuine EAs in the market that do show very good performance. Trading with a robot isn't that easy as you'll be told by these vendors.
You've to learn a lot of things in order to start making money with an expert advisor. First, you should know about forex trading and something about technical analysis, after that you should be familiar with the MT4 or what's the MetaTrader Platform. You should be able to backtest the robot as well as forwards test it.
Here many people fail. They find it difficult to backtest a forex robot. If you don't test an expert advisor thoroughly, you don't know how well it's going to trade live. Testing can give you a lot of information about the behaviour of the robot under the live market conditions.
But, you don't have to worry more. Uriel Katz, an expert advisor enthusiast and a forex trader has developed a Forex Robot Auditor software that does all the testing for you. This Forex Robot Auditor…