If you're not familiar with automated forex trading robots, they are software programs that integrate with your forex trading platform that execute trades on your behalf. That means you don't need to sit in front of your computer screen looking for trade setups and executing trades manually. The best forex trading robots on the market are designed by skilled software developers and professional forex traders. They work together to create a consistently profitable trading machine. The professional forex traders know what trade setups they need to execute trades but they also know to take full advantage of these opportunities, they would need to monitor the forex market 24/7. That's where a forex trading robot comes into play. They are deigned to look for specific trading patterns and execute trades based on the trading algorithm of the robot. The robot can be configured to trade a set number of lots, set stop losses and take profit values at the time of the trade. Some robots even keep the stop loss and take profit targets hidden by the trading platform to discourage brokers taking out stops prematurely.
Below are some forex trading robots I believe are the "real deals" because they have performed very well in live market conditions with real money trading accounts. This is very important because you do not want automated trading systems that only work in "backtests" or has only been traded in demo trading accounts. A robot must be tested in live markets with real money accounts, to know if they work or not.
|The FAP (Forex Auto Pilot) Turbo by Marcus Leary is one of the best and fastest day trading strategies we've ever found. The reason I like this the most is like all MT4 EAs, it trades 24 hours a day, 5 days a week automatically, but it trades off of the 1 minute chart! We haven't found any Metatrader EA that base their trades off the 1 minute chart. Most use the hourly or higher which means they trade much less often. That's fine as long as the trades are successful, but I like to trade often and see profitable results quickly. This product is fantasic for the day trader who wants to trade more often with great results. The take profit and stop loss targets are smaller too so you'll be in and out of trades much more often which means less stress and you protect those profits. This is a must have for people who want to set their trades on autopilot and watch their account balance grow. Read More ...>>|
|The Forex Megadroid is the direct outcome Of 38 years of learning and experiencing... From seeing what works and what doesn't... From taking working concepts and honing them...Taking them to the next level. The Forex Megadroid only makes trades when the conditions are right and this robot has been around for a long time. So many robots come and go, and to find one that has proven itself over and over, is far from typical. The Forex Megadroid is one of the best automated trading systems available today and should be part of any traders toolbox. With their RCTPA technology (Reverse Correlated Time And Price Analysis), this robot "Takes Artificial Intelligence To New Technological Ground, Combining It With 38 Years Of Trading Experience And Knowledge To Produce A Robot That Sees Into The Future With Mind Blowing Accuracy" Read More ...>>|
As we mentioned, there are many forex trading systems out there so it's just a matter of finding the ones that you feel comfortable with and the ones that work for your particular trading style. There are some folks who have a few hours each day they can dedicate to trading where others may just want to spend an hour or so looking for a setup, executing a trade and coming back at the end of the day to see how they're trades went. No matter what type of trader you are, you will surely find the forex trading strategies that fit your style.