Forex Trading
Robots

If you're not familiar with this, we're talking about forex trading software that runs on autopilot. These forex trading 'robots' use sophisticated artificial intelligence routines to forecast price movements in the various currency markets. The nice thing about the currencies market is that you can make great money no matter what direction the market moves. There's also considerable leverage being used which means you can make a lot (or lose a lot) pretty rapidly so my advice is to control your risk as much as possible. Also, always test these robots with demo accounts first.

 

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FAP Turbo

 

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FAP Turbo - 5 Star Reviews

 

FAP Turbo is a hugely successful product and there are some really cool forums where users compare strategies to maximize their profits. My point being that this is one of the best autopilot forex robots out there but its not exactly a set it and forget it kind of thing. As market conditions change, you have to tweak it and that's what you learn how to do in the forums.

I do like the fact that FAP does not rely on backtesting. That's where you use historical data to see how the robot "would have" performed. It's OK to see that information but if you can't demonstrate the product works in real time or "forward" testing then you haven't proven anything.

FAP Turbo does provide a lot of proof that their product works and they emphasize that it works regardless of the size of your account so you can start out with a small amount of money if you wish. You should always start with a trial demo account to get used to it. You have two months to get a refund if it doesn't work so why not?

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Well, this is the latest and the greatest. The two guys responsible for building this robot have about 38 years of Forex trading between them and they claim the robot is 95% accurate in forecasting near term price changes. Bottom line is they guarantee you will double your money monthly on average. Pretty astounding, but they have the data to support it and encourage you to test it out yourself after purchasing. If not satisfied, just email them for a no-questions-asked refund. From the website:

"Over 90% of Forex robots have been designed to work well in a specific market condition...either: ...a trending, non-trending, volatile or non-volatile market. That's it! No more to it my dear friend. That's how things are today....that's what you get when you buy most robots in today's market place.

The only way to CONSISTENTLY quadruple every single dollar deposited in your trading account is by having a robot that works with deadly accuracy in every single market condition.

Forex MegaDroid™ Is The Outcome Of Our Personal 38 Years Of Combined Commercial Bank Trading Experience....You Can Count On The Best Of The Best...You Can Count On The Perfect (And Only) “Multi-Market” Forex Robot In The Market.

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Forex Maestro costs about twice as much as the products above and loses some points because of it. Then again, $197 (discounted price off of their normal $397) is peanuts if it works like it says it does and they provide a considerable amount of proof that it works and works very well.

Mike Johnson doesn't mess around when it comes to making specific promises about how this software will perform. Check this quote out:

"In 2006 alone, Maestro had 129 winners in a row which averaged a profit of 39 pips per trade. If you had allowed Maestro trade for you with a minimum of one standard contract back on each trade, you would have pocketed over $200,000 in profit.

In 2007, Maestro had 334 winners altogether. You would have made over $186,000 in profits had you used Forex Maestro this year.

In 2008, Maestro had 314 winners, which earned its users... on average... a profit of $670 per trade. Just by letting Maestro run on complete autopilot that year you would have had a profit of $210,380 sitting in your bank account.

And So Far This Year, Maestro Has Generated 63 Trades With Only One Not Turning Into A Profit...

I'll promise the Forex Maestro robot will give you... at least... 12 trades in the next month that will produce a profit of more than 25 pips.

If Maestro fails to do this, I'll return every penny of the $197 you spent to get Forex Maestro."

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The author, Steven Lee Jones makes some good points that really apply to all of these robots. Number 1, your brain is not big enough to process all the variables that should be included in your buy and sell decisions. Secondly, using a robot removes the emotions that always lead to bad decisions. There's no fear, no greed, no judgment on your part whatsoever.

It's also nice that you don't have to babysit your trades by constantly monitoring the markets. Your time is completely freed up.

Forex Vengeance claims that 90% of the trades generated will be profitable and in their real time testing, the got the following results:

Proof 1: EUR/JPY - $11,262.86 profit in 39 days and a further $26,422.94 profit in 58 days
= Total Profit of $37,685.80

Proof 2: EUR/USD - $11,692.00 profit in 131 days

Proof 3: EUR/USD - $7382.50 profit in 55 days
and a further $14,034.00 profit in 56 days
= Total Profit of $21,416.50

Proof 4: GBP/USD - $10,968.50 profit in 55 days

Proof 5: GBP/USD - $15,398.00 profit in 46 days
and a further $28,810.00 profit in 73 days
= Total Profit of $44,208.00

Proof 6: USD/JPY - $18,861.40 profit & and counting!

One thing I noticed was Forex Vengeance trades multiple currency pairs whereas some of the other products only trade the Euro/USD pair.

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Forex Autopilot, also known as F.A.P.S., is an older product developed by the same people as FAP Turbo which I think is a better product.

They do have a couple of nice bonuses that they offer with your purchase. Bonus 1 is a Non Farm Payroll Robot Add on. This unique trading robot for MetaTrader4 was developed to automate the risky high profit trading on important economic news, like Non-Farm-Payroll.

Bonus 2 is what they call the Ultra Trend Robot. Ultra-trend advisor is one of the best and most 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.

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