Forex Robot Reviews

Forex Trading

Posted by admin in Forex Blog, Forex Guide on 16. Jun, 2010 | 0 Comments

Forex Trading is becoming as popular as stocks and share trading amongst the general public. Once the preserve of large banking institutions and financial organisations, this fast growing sector of personal finance investing is taking the World by storm.

To assist with trading in this sometimes confusing and tricky market several genuine “Forex Robots” or automated trading systems have been developed. These robots, whilst not able to guarantee financial success, will greatly improve the chances of making Forex Profits for both beginners and seasoned traders alike.

We realise through our own research into these Forex Robot Trading Systems that there are many to choose from, some making incredible claims that they will make you overnight profits and some more realistically suggesting with their help that you can make a significant extra income through Forex Trading.

We created this review site to help you choose which Forex Robot is most likely to work for you and assist in making profit. The reviews consist of genuine product reviews gathered from across the internet and most significantly from people just like you who have purchased and used the robots. In fact, once you have purchased and used your chosen Forex Robot System we ask that you come back and submit a genuine and honest review to help others make the right choice.

Forex Scalping

Forex Scalping is a very popular method of forex trading which involves the quick opening and closing of positions. When we say “quick”, that can mean a position is held for max 3-5 minutes, but many forex scalpers will only hold each one for a minute.

Many consider Forex Scalping to be a safer way of trading and it has become very popular with part time, home based traders as well as full time professionals. Due to the short time that position is held it is perceived that the exposure to market conditions lower compared to other trading strategies such as day trading or trend following. The risk of huge losses due to strong market swings is smaller.

Most Forex Scalping traders are concerned primarily with short periods of volatility created by trends or market events rather than the “big picture” trends of a particular pair of currencies. The main concern of most traders implementing forex scalping strategies is the bid-ask spread and how to take advantage of this to make quick and small profits over and over again.

What is a Forex Robot?

Automated or automatic forex can be defined as the ability to trade forex with the use of a trading program or forex trading robot , without needing a human to physically trade a forex system. With forex, automated trading is an emerging field that began not that long ago.

There are 2 general categories of automated trading:

1. Automated trading through managed forex . Some, though not all, forex managed accounts are traded via automated forex. In either case, the trading is passive in that you don’t have to do it. But in the case of automated forex, the trading program or robot executes the trades of their trading system, rather than a human team.

2. When you program your own or someone else’s forex system into a program with programming and automatic trading abilities such as WealthLab , or other trading program. Wealth Lab required programming skills (the programming language used is similar to Pascal), while other programs just emerging that will allow you to select parameters and test your system performance.

Forex Robot Advantages

1. You do not have to physically trade the system.

2. Automated trading can take trades at anytime of the day or night. This is particularly important for systems where the performance is increased when taking a majority of trades in the system, which occurs in systems where trading opportunities occur at times when the person may be sleeping or otherwise cannot get to the computer. So being available for trading 24 hours a day, unlike a trader can, will the profitablility of these systems.

3. You can trade multiple systems , such as systems that rely on different types of indicators, or which trade shorter or longer time frames, in order to diversify risk, as well as to smoothen out your equity curve and reduce drawdown.

4. An automated system is unaffected by a trader’s psychology , which can sometime cause a system to be not traded properly. If your trader discretion causes you to improve performance, then that is fine, but if it causes a worse performance than if you traded the system mechanically, then this is an issue that is overcome by automated forex.

5. Enables the development of new systems that may be difficult for a human to trade, such as systems with a high frequency of trades using tick data. Designing a system is no longer be limited by how practical or easy it is for a person to trade it.

Forex Nuke 2.0 Released

Listen up guys, we have been tipped off about the new and improved Forex Nuke 2.0 release and it is available to a very limited number of customers at a pre-release special price!
Unlike many Forex Robot developers, the team behind the Forex Nuke Expert Advisor have been testing, tweaking and developing the [...]

Recently Added

#1 FAP Turbo

Posted by admin in Top 5 Forex Robots on 16. Jun, 2010 | 6 Comments

FAP Turbo just gets better and better, over 55,000 satisfied customers and counting! The main reason for this customer satisfaction is the regular FREE updates, now on Version 52 which includes yet another Forex Pair. This time the old favourite USD/EUR is showing incredible results on live accounts.

That brings the FAP Turbo to a total of 6 Forex Pairs, more than any other Forex Robot on the market. And the best bit is, they all perform. The FAP Turbo developers also help at each new release with improved settings so that you can create the same fantastic results…..[cont]

#2 Forex Bulletproof

Posted by admin in Top 5 Forex Robots on 16. Jun, 2010 | 2 Comments

Created by the Forex EA Gods responsible for ForexAutoPilot and FAP Turbo, Forex Bulletproof is different from any other Forex Robot.

* Forex BulletProof has averaged a 5% monthly gain for the last 6 (yes, SIX) years!

* Over 4000 lines of code make up this robot, while the average EA has just 409 lines!

* BulletProof is the FIRST commercially available FX robot to be coded for Strategy Trader, the latest trading platform from FXCM!……..[cont]

#3 Forex MegaDroid

Posted by admin in Top 5 Forex Robots on 16. Jun, 2010 | 2 Comments

Forex Megadroid is not exactly a New Forex Robot, but it has been so successful the creators have decided to re-launch their award winning Expert Advisor with amazing real live proof of its performance since April 2009! No backtests can beat this for proof of how good an EA performs.

They are now presenting trading account PROOF from a trader who has been trading the robot continuously since April 30th 2009! Yes, this guy has been trading the robot for over 9 months now and as you can see from his account has been nailing profit after profit, month after month….[cont]

#4 Forex Growth Bot

Posted by admin in Top 5 Forex Robots on 16. Jun, 2010 | 1 Comment

Forex Growth Bot is created by a professional Floor Trader

Full trading report available for the past 3-4 years shows an average of 86.3% average monthly return. Entry/Exit is based on PSAR and other private indicators adopting a “buy high” or “sell low” entry. Provides Martingale money management system….[cont]

#5 Forex Nuke 2.0

Posted by admin in Top 5 Forex Robots on 16. Jun, 2010 | 3 Comments

Unlike many Forex Robot developers, the team behind the Forex Nuke Expert Advisor have been testing, tweaking & developing the software to improve it for all.

Advanced Version 2 Features
* Fully ECN compatible
* Advanced and stable Money Management System
* You choose how many open orders you want
* Choose your risk percentage so YOU are in control
* 5 digit capabilities which are AUTO detected…..[cont]

About Forex Trading – based on babypips.com guide

Posted by admin in Forex Guide on 15. Jun, 2010 | No Comments

The Foreign Exchange market, also referred to as the “FOREX” or “Forex” or “Retail forex” or “FX” or “Spot FX” or just “Spot” is the largest financial market in the world, with a volume of over $2 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined!

Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market:

No commissions. No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread.

No middlemen. Spot currency trading eliminates the middlemen, and allows you to trade directly with the market responsible for the pricing on a particular currency pair.

No fixed lot size. In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5000 ounces. In spot Forex, you determine your own lot size. This allows traders to participate with accounts as small as $250 (although we explain later why a $250 account is a bad idea).

Low transaction costs. The retail transaction cost (the bid/ask spread) is typically less than 0.1 percent under normal market conditions. At larger dealers, the spread could be as low as .07 percent. Of course this depends on your leverage and all will be explained later.

A 24-hour market. There is no waiting for the opening bell – from Sunday evening to Friday afternoon EST, the Forex market never sleeps. This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade–morning, noon or night.

No one can corner the market. The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.

Leverage. In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum. For example, Forex brokers offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on. But leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

High Liquidity. Because the Forex Market is so enormous, it is also extremely liquid. This means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell at will. You are never “stuck” in a trade. You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).

Free “Demo” Accounts, News, Charts, and Analysis. Most online Forex brokers offer ‘demo’ accounts to practice trading, along with breaking Forex news and charting services. All free! These are very valuable resources for “poor” and SMART traders who would like to hone their trading skills with ‘play’ money before opening a live trading account and risking real money.

“Mini” and “Micro” Trading. You would think that getting started as a currency trader would cost a ton of money. The fact is, compared to trading stocks, options or futures, it doesn’t. Online Forex brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $300 or less. Now we’re not saying you should open an account with the bare minimum but it does makes Forex much more accessible to the average (poorer) individual who doesn’t have a lot of start-up trading capital.

Pro Forex Robot Review

Posted by admin in New Forex Robots on 24. May, 2010 | No Comments

LAUNCH DAY ANNOUNCED – 25 MAY 2010

Full trading report available for the past 3-4 years
An average of 86.3 % average monthly return
Entry/Exit is based on PSAR and other private indicators adopting a “buy high” or “sell low” entry
Provides optional Martingale money management [...]