Forex Trading Systems and Robots

Forex Trading Systems and Robots – An Honest Review

There’s been a lot of talk about forex systems and forex trading robots. The question that we have to ask ourselves is, “do they really work”? In short the simple answer is yes they do, however only a few of them have been tested and tried enough to be considered a profitable forex trading system.

Many trading systems operate on what’s known as an EA, or expert advisor. More simply put a set of parameters that when triggered executes entry points of a trade then closes the trade based on a set of rules. Good systems have been back tested and forward tested and have consistently yielded positive returns.

Just about any forex system or robot can be very profitable. What it really boils down to is your money management or the type of money management the automated system is using. A good example would be a system that trades daily that has a success rate or 75 percent or more. Meaning it’s winning 75 percent of its trades. However, when it loses in the other 25 percent of its trades, it’s losing such a large portion of the account that even with a 75 percent success rate it’s still losing money. A sound forex trading system applies concrete money management, and believe it or not a lot of these systems can be right just 30 percent of the time, yet due to their money management their still able to make a profit.

There are a few forex robots and automated systems on the market out there that really do work. The people having the greatest success are the ones who are able to go by the books and by that I mean the ones who can follow the rules and discipline themselves to work a proven automated trading system. The best advice for anyone looking into forex robots is to find a quality system that’s been back tested and stick to the rules, let the trades do what their suppose to do.

We’ve been testing forex robots for over 3 years now and we’ve found a few to be very consistent. For a list of our most recommended systems, visit Forex Robot Reviews

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