HiRider Forex Robot Vs LMD – Multicurrency – Which is Better?

The Forex Robot World Cup is over after a suspenseful two months. What suspense? You may be asking. After all, the difference between the 1st place winner LMD-Multicurrency and the 2nd place winner HiRider Forex Robot was pretty significant: LMD MultiCurrency earned a return of 145.60% while Hirider earned just an 88.11% profit. No contest, right?

If you just look at the bottom line, and I do not blame you if you do, then it's really no contest. However, allow me to remind one of the basic rules of investment: a return should be judged in relation to the risk involved. The reason is that while a risky investment can yield a tremendous profit some times it can also quickly turn against you and wipe out your profits. The same is true for Forex trading robots. You do not just want a robot that can turn a quick profit. You want a program that's safe to use. After all, this will be trading even when you sleep. You do not want to wake up to a nightmare, do you?

This brings me back to the two top robots of the FRWC. While there is just one winner, it was determined by the profit alone. There was no determination of the risk at all. While this may have been enough for most traders, there are some who took a closer look at how these two bots did.

When you look at the charts of these two robots side by side, you can quickly see how different they are. While the chart of the LMD-Mutilcurrency is all over the place with big ups and downs throughout the…


HiRider Forex Robot Review

We live in a world that focuses on winners and sort of ignores runner-ups. In the recently concluded Forex Robot World Cup, for instance, all attention was given to the LMD-Multicurrency robot which came in first with an impressive return of 145.60% in the two months of the competition and ignored the second place winner, the HiRider Forex Robot which got an 88.11% return.

In this article I want to go over how the HiRider robot did and tell you why I think this is a robot that should not be ignored and may even be the best choice among the winning robots of the Forex Robot World Cup.

Here are some facts about the HiRider robot:

1. This is a one currency pair robot. It trades the EUR / USD pair alone.

2. It places both Buy and Sell orders in almost equal numbers. As the competition ended after two months it is safe to say that had it run longer, the number of both orders would have been the same.

3. It traded close to 300 times during the competition so it trades multiple times a day on average.

4. It began with a $ 1000 initial deposit in its live account, as had all the robots of the FRWC, but ended with $ 1,881 in its account, an 88.11%.

This is all very impressive. I do not know of any trader who will disregard an 88.11% return in just two months. It's remarkable. However, the winner of the competition, LMD-Multicurrency got a 145.60% return and was the proud winner. There is a huge gap in the returns these two robots got. Why are we even…