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…