Guide to Getting Rich With Forex Robots has now been converted into Metatrader Backtesting and Optimization Course by the developers of this guide. This is a very useful guide for those traders who are interested in trading with an
. Many new traders are told that you just need to install a Forex robot on their MT4 chart and that’s it. It will start trading for them. Just installing the EA and making it trade won’t work!
If you are serious about trading with a Forex robot then you need to learn how to backtest it, forward test it and then optimize it’s settings. Without learning how to back test an EA and how to forward test it, you won’t be able to make the robot work. In this Guide to Getting Rich with Forex Robots, you will learn how you can back test any EA with 99% modelling quality.
Now, most of the backtests that are provided as proof on the vendor sites show a modelling quality of 90%. When you do a 99% modelling quality backtest, you are going to learn a lot more about the potential strengths and weaknesses of any EA.
In the same manner, you need to learn how to optimize the settings of an EA. Without optimizing the settings, you won’t get the optimal return with the lowest risk. When trading with an EA, always remember the performance of that EA depends on the setting used. If you use wrong settings, the EA will in most cases give you a large drawdown. So, before you start trading live with an EA, you need to learn how to optimize the EA and find the…
by Ahmad A Hassam
FAP Turbo is a software program used in placing trades in the foreign currency trading market, also known as Forex. This means that the program, once set up and turned on, will go on line to place the trades. The developer of the software has programmed the software to use what is called, artificial intelligence and algorithms. Those two factors produce the robot's functions. Besides the software having a name like FAP Turbo, it is also referred to as an automated Forex robot.
Two features distinguishing the FAP Turbo from other Forex robot programs. The first is that the developer used live active accounts on the web site to prove the supremacy of the system plus real time updates. While other Forex robot systems do not provide you with the same convenience, you can create a free account to test your robot. Thus, you are able to receive the same results by using a cost free risk free account to learn on. The second feature of the FAP Turbo is that it addresses several issues plaguing other robots. This software program had a lot of hype when it first came out. The reason for that hype is that there was collaboration between several people to produce this system.
Let's first look at the Marcus Leary system, Forex Autopilot. That program known as FAP now has a new name, FAP Turbo. The source code of the program is now in the new FAP Turbo. With the help of Marcus Leary, three people, Steve, Mike and Ulrich compiled the new robot system. The new program…
Almost daily now you will 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 are not satisfied with one email. You will 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 would 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 is not that easy as you will be told by these vendors.
You have 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 is the MetaTrader Platform. You should be able to backtest the robot as well as forward test it.
Here many people fail. They find it difficult to backtest a forex robot. If you do not test an expert advisor thoroughly, you do not know how well it is going to trade live. Testing can give you a lot of information about the behavior of the robot under the live market conditions.
But, you do not 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…
Source by Ahmad A Hassam
Why are there so many so called profitable automatic Forex trading systems out there, but so few people actually making money from them? Well, many people blame the developers of Forex robot traders, and yes, they must shoulder some of the blame. However, bear in mind that these developers are mostly interested in marketing and selling as many automatic Forex trading systems as possible, and they do not earn their money from educating you on the ins and outs of Forex automatic trading.
If you're serious about building wealth through Forex automatic trading, then you need to take your Forex robot trader education into your own hands. By the end of this article, you'll know the truth about what you actually need to know before running your Forex robot trader with real funds.
First off, I want to debunk the big fat lie that has been perpetuated by all the dishonest Forex robot trader makers out there who are only interested in selling their automated Forex trading system – the lie that you do not require any specialized knowledge and all you need to do is to set it and forget it. Yes, it's true that you do not need to have any trading experience to get started with Forex automatic trading, but you do need a desire and willingness to educate yourself with the right resources.
If you're willing to put in the additional effort to learn the basic principles of Forex automatic trading, then you'll be at a tremendous advantage compared to the average Forex robot trader…
Is not it amazing that from just the two variables of price and time, there have been thousands of Forex trading indicators and millions of Forex
created? These days, literally anyone can develop their own Forex
from scratch, simply by using the free functionality that Metatrader 4 offers. That's why you can find a flood of both free and paid Forex robot traders being published in the various forums, discussion groups and websites online.
Downloading and using a free FX trading system may seem like a good idea, after all you have not paid anything for it, so there's no risk right? Sadly, when it comes to free Forex robot traders, they are almost guaranteed to cost you a lot more than paid Forex expert advisers in the long run. By the end of this article, you will understand just why you're much better off forgetting about free forex robot traders and investing some money into getting a good FX trading system instead.
At first glance, free Forex
seem like a good way to save a few hundred dollars and still profit from the Forex markets. After all, all Forex
are the same, right? Wrong. At best, free Forex robot traders are poorly designed and poorly tested. Most of them are just thrown together with a few popular indicators like the moving average, MACD, ADX and RSI, and are strictly tested over any kind of meaningful period. At worst, free Forex robot traders may be a sinister attempt by the…
Source by Thad B
Take one look at the Forex automated trading industry, and you will find hundreds of thousands of
robot traders falling over themselves to double your account overnight, give you a 90% chance of having winning trades, and dazzle you with trades in and out every couple of minutes. If you're like me, you know deep down inside that there's something wrong with that story, and by the end of this article, you'll know exactly what it is.
If there's only one thing that you get out of this article, let it be this. In Forex automatic trading, just as in any form of investment or speculation, high rewards are often accompanied by extremely high risks. I do not say that to scare you, but it's true, and it's very scary indeed. With that in mind, I want to conceal the hidden risks that come with the major of Forex robot traders out there:
1. Rapid Doubling Or Tripling Of Your Account
You might be surprised when I tell you that most people are able to double or triple their money with Forex
. It can happen overnight, or in a few days, or in a few weeks. So the reality is, your Forex robot trader developer is not strictly dishonest with you.
Here's the catch though: you're just as likely to completely and utterly wipe out your trading account as you are to double it. As I mentioned before, high risk follows high rewards, and any Forex robot trader that trades with a big enough leverage and position size to grow your capital that quickly has the…
Source by Thad B
Currency trading is today really an attractive trading world that appeals so many people with the desires of making money faster. There are plenty of ways of doing effective trade, one of which is automated forex trading system. But it is not advisable that you rush out to purchase any one. An effective system should trade as simply and perfectly as possible. Do research before you get an automated forex robot to work for you to get benefits to your desire.
It is important to select a best automated forex robot that goes well with your trading behaviors. In automatic forex trading, special forex software is used to keep an eye on the foreign exchange rates and be also able to do the trading for you. Most importantly, it has ability of working without frequent maintenance. Certainly, the best forex robots keep working all time without any tiredness and rest.
The automation of forex robots serving your goals of getting huge profits is fascinating. But you need to have really highly reliable software to let it trade with your real money in your real forex account. Several main rules should be followed to choose the right forex robot. You should pay attention to the testing period and the profit trades percent through this period. For example, the testing period for EA Sigma is about 10 years and the profit trades percent through these 10 years is about 82%.
You have seen the example of the really qualitative and profitable forex trading system. EA Sigma…
Source by Feredict Torres
It is basically a program which tries to do the function of trading Forex from a manual mode to an automatic mode. It also works on autopilot. At present, you can find varieties of both genuine and misleading info about Forex trading robot scattered all over the internet, but finding the best Forex robot isn’t easy. Just as the way other tools work you need to apply the robot the right way to make it produce excellent results. To enable you to get the best out of Forex robot you should invest more time and how it is implemented.
How Forex trading robots work
Forex trading robot is automatic software which scrutinizes the prices of Forex and perform computation in order to determine the most appropriate time to either buy or sell. This platform aids to perform the selling and buying of Forex for you in return to make excess gains. It can be able to automatically discover a profitable trade and place them automatically. This is made possible with certain factors init which it used to predict whether a trade is going to be profitable or not. Most times, it does function this way in order to get the best out of it. You are also required to observe the program from time to time and see that it is following the right trends of the market. As a robot, it can make mistake at times. Though they can be profitable at most times but you need to play a great role in order to make this happen. Also know that it is not a guarantee that you must make money using the robot. If you have got…
Robots have been showing up everywhere, from car assembly lines to air duct cleaning companies. Now there’s a robot designed to make you money. If you trade foreign currencies (Forex), you know that timing is critical. A Forex robot can take the guesswork out of this by automatically entering and exiting your trades at the right time. It couldn’t be easier.
Using a robot to trade is like having a seasoned pro standing behind you, guiding the way, except, with a robot, it’s doing the trading, not you. You can be off doing whatever you like. Still, the trades will be entered and the profits will be made.
can be very exciting and profitable. But remember, it’s a zero-sum game. For every winner, there’s a loser on the other side of the trade. To be a winner, you only have to be right more than half the time. With a robot, you can expect to be a winner way more than half the time, and some of them show a history of winning more than 85 percent of the time! Imagine what that would mean in the profit column.
There are several programs available online that will get you going with your own robot to direct your trading. Most are simple to install and get running, linking right in with your online broker’s platform. Some are quite active and will put on trades several times a day. Others will trade less frequently, only when conditions are optimal, but they generally also have a higher win ratio.
These automated programs have a long history of winning trades and can…
by Brian Kolewe
It’s possible you’ve been looking for a free
robot. You can find a lot of
and systems on various forums online that both new and experienced traders have designed and created based off of their own systems and experiences in the currency market. Some of these systems are better than others while some are not even worth the time to consider.
One of the best things to do if seeking out a free
robot is to begin searching online and reading up on different EA’s as well as peoples experiences with each. With the market conditions consistently changing not every EA will work like it’s suppose to consistently. However on another note there are a few that are superior and have been developed by highly experienced traders who rely heavily on automated systems to trigger their buy and sell trades on their behalf. So the question then becomes how do we get our hands on these types of trading systems? Well for one there are probably more forex systems online than we can count and as a consumer or person who wants to tap into the forex market we need to get our hands on the one’s with the best results and we need to do it without having to test millions of them.
The first place to begin in finding a quality
robot is to open up a demo account with any broker. MetaTrader4 is a great free platform to use and it gives live data feeds from the FX market. Begin by testing various EA’s in the MetaTrader4 platform on a demo account. Most free one’s you find…
Source by Timothy Rohrer