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…

Click Here to Find Out More Now!