Why is Automated Forex robot receiving so much attention lately ? Simply because you can now find some expert advisor for the popular platform MetaTrader4 that really can make you some substantial money pretty fast. Just like SILICON FOREX, the latest automated robot that just hit the market.
Most of all, it’s easy to install and to operate. First, the step-by-step installation video tutorial gets you running within 5 minutes, even if you have no experience in such thing. After Silicon Forex robot is installed and running on your computer, it operates without human interaction. Yes, it’s a plug-and-play robot that opens (and closes!) trades on autopilot. OK, sounds nice but what about the profits ?
This particular automated robot is designed for the currency pair EUR/USD (Euro against American Dollar). When trading Forex, the number one requirement is a positive trading expectancy that the expert advisor (EA) yields. With the EA Silicon Forex, the win/loss ratio is 75%, that means 3 out of 4 trades end up in profit.
I personally tried over twenty Forex EA since 2007. Now, every time a new Expert Advisor hits the market, I do my homeworks and test it with a free demo account for a month or two. Also, I always analyse in detail the robot system’s track record throughout the last three years. With Silicon Forex, the consecutive winning trades versus losing ones resulted in 7-to-2.
Silicon Forex is the new revolution in automated Forex trading and it’s the result of a…
Source by Chant Goulet
There has been a lot of discussion about the new Forex robot trader called Silicon Forex recently. Does this robot trader really work like how the creator says it would, and are its back test results reliable? I decided to demo test this Forex robot for myself and I will discuss more about it in this article below.
1. What Is The Silicon Forex Software?
This is basically an automated robot that opens and closes trades by itself on the Metatrader 4 platform. It does not require the user to sit in front of his or her computer screen every minute to look out for profitable opportunities. Installing and setting up this software is very easy with the step-by-step instruction manual and videos provided.
2. What Currency Pair Does Silicon Forex Trade and Why?
This piece of software trades very well on the Euro / USD, which is generally the best currency pair to trade as it is the most liquid and brokers charge the lowest spread for this currency pair. Back test results have also shown that the system achieves about 75% successful trades which is a very impressive track record for any trading robot.
3. My Experience and Thoughts after Using Silicon Forex
If what you are looking for is an instant and fast way to make money, I would tell you that Silicon Forex is not for you. You will need a medium to long term perspective to make money with this software. If you look at the equity curve generated by this robot, you would notice that it may not make money sometimes for an extended period…