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What Is A Forex Robot?

Forex Robot, also known as Expert Advisors (EA), is a piece of simple software run on any computer. The program is coded with the strategy and integrated with MetaTrader trading platform which is connected to your Forex broker. With this, you can place trade manually, see live feeds of currency prices, demo trade & perform other trading activities.

Since Forex robot has built-in strategy, you do not have to learn the strategies the hard way. This ruled based strategy have been backtested for a specific period of time to verify that they would produce profit. Such a mechanical system can be either indicator based, price based or both of them. In short, all Forex robots are 100% mechanical system integrated with MetaTrader. MetaTrader read the rules and automatically and place trade for you.

That's mean anyone with a Internet connection and a computer can use the robot. Any Forex broker that supports MetaTrader 4 charting software is all that is needed. No formal training or knowledge of the Forex market is needed or required.

What you need to do is install the Forex Robot on your computer and hook up to the Internet. This is like the Forex master doing your trading for you.

Our inhouse review team spent 2 months testing 13 different Forex Robots readily available online.

There are 4 main criteria we tested to make sure a Forex robot a good robot:

1. Backtested

Most vendors will sell you their Forex robot based on successful backtesting. Backtesting is important as it shows us that the robot can potentially profit on live trading. However, you shouldn't just focus on backtested result and it does not guarantee a successful forward trading.

Why? Because the backtester can ignore market conditions. In live trading, you might see the gap in price during a news announcement and market spikes. You may also see the big spread between bid and ask prices of the currency pairs which may affect your trade due to excess slippage.

2. Forward Live Trading

The obsolute best proof is live trading. Not many robot vendor use live trading to support their claim that their robot is the real thing. By looking at the live trading account, you can see how accurately is the backtested report of that robot.

3. Money Management

No matter how well a Forex robot seems to be live trading or backtesting, we can never know what the future result will be. Hence, we must employ adequate safeguards - sound money management rules. This is the KEY to successful LONG TERM wealth building via Forex trading.

4. Low Drawdown

Drawdown represents the total percentage loss experienced by a strategy before it starts winning again... and drives the investment balance back up.

Taking drawdown into consideration, you can judge just how risky these automated strategies are. You will see some out there that have a 40% or even higher drawdown in their reports. With those kinds of odds, you better have one heck of a strategy to back up that high of a risk level.

A good robot should be below 15% drawdown, which means you have an expert advisor backed by a rock solid strategy that would take an absolute miracle to bankrupt an account.

These are the 4 important criteria we focus on and you should too when making your decision for the Forex robot.

Besides, a reliable internet connection is another important factor you should take note for the robot to work properly. If you are having many trades, you may want to consider to host your robot on Virtual Dedicated Server. This means that the robot is trading from a hosted service instead of your computer.

Here are the Forex Robots or Expert Advisors you may want to consider...

FAP TURBO is one of the few robot that meet the above stated criteria. They even show you their live trading result that updated every 15min!

There are so much hype about this robot but it does really work! More than 17,000 people worldwide trade with fapturbo and make millions in combined earnings every day...

FAPTURBO has 2 built-in strategies:

1. Short Term Scalping Strategy

2. Long Term Advanced FAP strategy

Each strategy is designed for its own timeframe & currency pairs. For example Long term strategy works only on EURUSD M1. The scalping short term strategy works on 4 pairs: EURGBP, GBPCHF, EURCHF & USDCAD, M15 Timeframe.

Both strategies are built inside one FAPTURBO expert advisor and can be switched on and off easily. Each strategy uses its own designed timeframe and currencies so be sure you use the strategy on proper currency pair and timeframe. You will find full details on each strategy and its parameters in the FAPTURBO Guide and Video Tutorials.

According to history backtests from 1999-2008:

• 9,645 Total Trades
• 95.9% Winners
• 5,000% Net Profit
• 0.35% Drawdown

You can always perform backtest yourself to check that. The most important is the live trading results show 96% of winning traders!

The reasons FapTurbo is rated #1 versus others because

• It is profitable! The Short Term Scalping Strategy works extremely well for EURGBP and EURCHF. Click here for the live result from one of their traders.

• They have a very active support forum that provide you with up-to-date information. Furthermore, you will find this platform extremely helpful to share trading experience among other users in the world. No other Forex Robots that I know provides such a platform for their users.

• The developers release updates every month to make sure FAPTURBO is always up-to-date to accomodate modern market conditions. All updates are FREE for members!

• The FAPTURBO Professional Edition is available for professional Fapturbo traders. The EAs variables are adjustable for the most seasoned trader to make Fapturbo better and stronger!

• With only a small fees, you can join the Weekly Indepth Mentoring Sessions.The developers will give you updated tricks, hints and tips which have made our life so much easier and will ensure you gain a deeper understanding of FAPTurbo, how it works, and more importantly how you can make it work for you.
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• It come with 60-day Money Back Guarantee. You can ask for refund within 60 days if you find it not profitable.

Click the below video to see what their users have to say...

Click here to read more about FAPTURBO! 

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Forex Autopilot is proven auto-pilot software with an in-built advisory system, developed by a professional team who have combined expertise in forex trading, mathematical logarithms and programming.

Forex Auto Pilot is an effective instruments of technical analysis. It detects trend, strength of the trend, finds support and resistance levels. It can be used for Elliot waves and Fibonachi levels! This indicator surpasses all well-known indicators like ADX, Stohastic, MovingAverage.You can develop your own low risk and profitable system based on Ultra-Trend.

Forex Auto Pilot is equiped with the state-of-the-art money management programming that allows the individual trader to turn a profit even under unfavorable conditions on the market.

The system was optimized for best performance on euro/usd M1. We recommend to use it on euro/usd m1 with default setting to get maximum profit. The strategy has been designed to be useful for trading any major currency pair such as EUR/USD, GBP/USD, USD/JPY, USD/CHF etc... The examples are mostly in EUR/USD. However, our Forex system can be easily applied to any other currency pair.

According to history backtests from 1999-2008 and live trading results FAPS EA makes 96% of winning trades. You can always perform backtest yourself to check that.

Click Here For Forex Autopilot 

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