Question by : What is the best automated forex trading robot?
Best answer:
Answer by Common Sense
It’s a sad thing that you believe there’s a program that will help make you rich. 95% of Forex Automated Robots are scams. The 5% remainder work “OK” for highly experienced and already successful traders.
Add your own answer in the comments!
7 Responses
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First Place Turtle Says:
I agree with “Common Sense” that the majority of automated forex trading robots out there are scams. With that said, there are a few that have earned a decent reputation among forex traders as being profitable.
They won’t make you rich overnight, however. (Btw, “get-rich-quick” in forex trading is a common misconception.) However, they have proven themselves to make consistent profits, which can add up in the long run. The robots I am referring to are “FAP Turbo” and “Forex Megadroid”.
The link below will give you access to live tests of both robots on real-money trading accounts, which is the ONLY way to prove a robot’s worth.
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Raj Says:
As mentioned by others, most of the forex expert advisors are crappy expert advisors. They don’t make you any money instead you lose your money. I bought a lot of expert advisors in the past and nothing worked for me except “Forex Megadroid”. I heard of “Fap Turbo” also good but need to test it. So I recommend “Forex Megadroid”. I have backtested this with different conditions and it is working good. You can check my review about this expert advisor at
http://www.forexbees.com/forex-megadroid-expert-adviser-real-review/
http://www.forexbees.com/forex-megadroid-expert-advisor-real-review-with-changed-settings/ -
Eric P Says:
“Best” I would assume means profitable with little risk. I don’t personally believe that market direction can not be predicated long term. I question anyone who claims to have that ability (they usually are selling the method and that’s no coincidence).
Robots mimic static trading methods and apply them on a living, evolving market. The same rules may not apply tomorrow that apply today… such as the way the price “interacts” with technical indicators. For these reasons, I encourage you to steer clear of trading robots.
Best of luck to you.
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The Geek Says:
Honestly i feel that there is no one robot to rule them all.
Each will work probably only under a certain market conditions. To be relevant, it needs to be constantly updated.
If you really need to use a robot,
-be sure to know the ideal market condition for it
-know how to identify market conditions
-have proper money management -
Ricky Says:
If you are planning to automated Forex trading to make money, use a robot. We are doing the same. Gradually, we are learning as we are earning. Check here, http://www.pushbuttonforex.com. Push Button Forex is a powerful and easy-to-use Forex trading robot for newbies and professional traders. Forex education is not the requirement here but your desire to earn from Forex trading is what counts.
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Michael Truman Says:
Generally, there are lots of Forex robots out there that promises these things. But not all can really deliver and you must be also a good trader to gain money. cause it is just robot, don’t expect it doing everything by itself.
You’ve got to find the right one, and going after the robots or programs which focus on lower risk/reward trades and offer full money back guarantees on them are amongst the best places to start.
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rogerwbovee Says:
I think the best automated forex trading robot is Forex Ambush 2. They have a lot of good testimonials from their users, and boast of an almost perfect record. The trades come to your email every day, so it’s very simple to use. You can paper trade with this first and if it’s not working for you you can get your money back.
