Forex Robots
Review
"Beware of Forex Robot Scams!"
FREE - Read this shocking truth &
brutally honest review of a fraud investigator to save your hard earned cash from Forex Robot
scams.
Hi, my name is Phil Poland. I've been in Forex Trading for over five years and literally spent over
ten thousands buying various Forex systems.
Forex Robot is a big trend these days among the Forex community. The robot presents a HUGE
opportunity to make money and capitalize on the failing economy. Whether you have a large amount of
money or not, it has emerged as a major revenue stream for tens of thousands of people!
But beware of how you approach this
opportunity...
There are few hundreds EAs available in the market... plenty of hype too, influenced demo testing
and promises have been made by the developers...
To be honest with you, most of them are bad, scams or just a duplicate copy with slight changes
from other profitable EAs. Some of the developers are just the average Joe who knows nothing about Forex and just
wants to make a quick buck selling some B.S. Forex robot....
Hence, selecting the quality robot can be a daunting task. Here are
the few EAs you may had heard about...
All of them claim that you just need to push a button and cash automatically filled your trading
account.
Come On... Nothing Can be that Easy and Make Money,
Right?
Well, Yes and no. You can make a lot of money but you can also loose a lot of money as well. It's all depend on
how you trade them and the rules coded into the robots.
As I said previously, proceed with caution. You have to choose the right one to use.
When I first started researching and using these different EAs, I noticed something startling. ONLY FEW SHOWED
ME PROOF THAT THEY WORK!
Don't buy any Forex Robot unless it meets these 4
criteria...
There are 4 main criteria that
make the 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 you should focus on when making
your decision for the Forex robot.
In overall, I genuinely only need the fingers of one hand to count how many truly good Forex
robots there are in the marketplace right now and at the top of our list are...
NOTE: These guys spend a lot of time,
effort and money in order to produce top notch Forex robots. I have tested that it is working and also make
sure they are the genuine developers that provide good support and not just a copy from another profitable
EAs.
| *COMING SOON* The Forex Robot World Cup - FRWC Royal
Trader |
Over 300 EA developers from every corner of the globe submitted their EAs for the
Forex Robot World Cup (FRWC) competition
sponsored by FXCM. However, only 24 robots qualified to participate in the live, real money
trading phase. All robots were placed on $1,000 real-money live accounts funded by the FRWC for 2
months of live trading. The competition just end on January 29th 2010.
The top 3 winning EAs will be available for sale. Launch date is 16th February
2010. Watch out for the top 2 - LMD and HiRider EAs.
Click here for more details
now.
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 Forex MegaDroid is our selection of Best Forex EA in 2009.
This is the first Forex robot to use state of the art built-in Artificial
Intelligence Technology as well as a next generation Market Timing Algorithm.
John Grace and Albert Perrie, a combined 38 years of Forex trading experience, have
produced the unthinkable: a Forex robot that sees into the immediate future (2-4 hours)
with 95.82% Accuracy.
They call their new invention RCTPA = Reverse Correlated Time
And Price Analysis.
This is the first robot that uses a new technology and strategy that places trades
looking into the future with accuracy rather than into the past with hope (like all current robots
do).
How can it "see into the future" with a high accuracy
rate?
It is possibly to accurately see future market behavior with such degree of
accuracy rate only if you are aiming at a short period of time, i.e. 2-4 hours forward.
This 2-4 hour window is all the robot need. Forex MegaDroid
bases all its strategy in very short time frames. It is a scalper rather than
a day or medium term trader.
RCTPA and the integration of advanced Artificial
Intelligence has allowed this robot to push the boundaries further than any industry
expert has ever thought possible.
Furthermore, Forex MegaDroid has a unique built-in mechanism that allows it to be
undetected by Forex Brokers. Some unscrupulous Forex brokers will raise the spread
on the currency pair you are trading during specific hours the robot trades (making the robot not
profitable anymore). With this “Broker Buster” mechanism, no Forex Broker in the world will ever
know you are trading with Forex MegaDroid!
Overall, we are very impressed with Forex Megadroid and it has proven itself over
a
fairly long period of time to be consistent and profitable with real money
accounts.
Click Here for Forex MegaDroid Discount Now!
PS. There is an interesting advanced MegaDroid
tactics released by Berjamin. Click here to check it out.
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 FAPTURBO 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! So far, there are
more than 55,000 traders worldwide trade with FAPTurbo.
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 & USDCHF, 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.
The reasons we like FapTurbo 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.
Overall, this is a good EA - higher risk EA with potential for high
returns!
 Click here for FAPTURBO Discount Now!
NOTE. Like all commercial FOREX robots sold to the
general masses, the default settings are set to work well for the lowest common denominator. In
order to optimize profits and lower risk you’re going to want to tweak those settings to optimize
FAP Turbo. Then this Ultimate FAPTurbo Expert guide is exactly what you need! Click here to check it out.
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Forex MegaDroid vs
FAPTurbo
Both Forex MegaDroid and FAPTurbo is a scalper, that aim to do one single
thing:
Find very good risk/reward opportunities within the 24 hour trading session
and “grab” a small number of pips (generally, not more than 10 pips).
However, they are geared towards different types of traders.
-
Forex Megadroid is well suited
to the trader who does not mind less action in order to wait for those very accurate
and safe trading opportunities.
-
FapTurbo is geared towards the
more aggressive trader who wants to see more action on his or her account (since it
trades almost every night).
Forex MegaDroid is designed to trade EUR/USD with H1 timeframe. Many
traders trade it along with FapTurbo as their Scalper does not trade EUR/USD.
They simply complement each other very well!
There are tactics to increase the frequency of trading for Forex MegaDroid.
Find out more details here.
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 The RoboMiner EA uses a proven grid trading system that is very safe. It is
waiting for the price to reach a predetermined point before it closes a trade. Over the long
term, you will see the profits build up as the trades close and accumulate their profits.
This EA only trade AUDNZD and EURCHF currency pairs. The recommended broker for
AUDNZD is FXDD becuase it was actually developed using FXDD's MT4 platform. It requires an account
of minimum size $2,500 unless you are prepared to take the extra risk.
You must be very patience to trade with this EA due to the lack of a stoploss and
potential for large floating drawdowns to accumulate. BUT all it needs to do is hold on to a
particular trade before it will come back and eventually run into profit.
This EA works best for long term trading approach. You really need
to let it trade for at least several weeks to a month before you get a feel for what it is
doing.
Download the free demo now.
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| Comparison |
Fap Turbo
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Forex MegaDroid
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Robominer
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Average Robots
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Profits on Backtest
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Yes
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Yes
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Yes
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Yes
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Automatic, 100% Hands Free
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Yes
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Yes
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Yes
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Yes
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Automatic Risk Scaling
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Yes
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Yes
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No
|
No
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High Trading Activity
|
Yes
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No
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No
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No
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High Spread Protection System
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Yes
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Yes
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No
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No
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Trades Multiple Currencies
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Yes
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No
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Yes
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No
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Build In Loss Prevention
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Yes
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Yes
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Yes
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No
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Low Drawdown
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Yes
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Yes
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Yes
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No
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