Automated Forex Trading Systems -
Forex Trading On Auto-Pilot

This trading robot turned $1000 into $250,000 in only 6 months! All you need to do is set-and-forget it! It will be your very own money-making machine! But hurry...we’re limiting sales to the first 1000 customers only, so buy it now before it’s too late!"

Sound familiar? Well, don't buy into this typical forex scam.

Software can automate your Forex trading for you...

...but it won't make you rich overnight.

Sorry to burst your bubble, but it's the truth.

To get rich quick means to take on super large positions, which means taking on substantially high amounts of risk.

Sure you could get rich quick, just as easily as you can get poor quick.

Auto forex trading has its advantages, but only if you take a conservative approach.

Remember the story about the tortoise and the hare...

...slow and steady wins the race.

Sidenote: There are a variety of scams out there, not just in forex. Check out www.safety-security-crazy.com to find out more about the day-to-day issues that can affect the safety and security of you, your family, and your assets.

Forex Expert Advisor

Metatrader4 has become the most popular automated forex trading systems software. Most if not all forex brokers provide it free.

Although this software can be used for manual trading, automated trading is where it really shines!

The best thing about Metatrader 4 is that it's easy to program, making it possible for traders to automate their trading strategies.

The programmable portion of Metatrader 4 is called the Forex Expert Advisor, or "EA" for short.

You may also hear the terms "trading robot" or "forex robot"...they all refer to the same thing. For simplicity's sake, I'll refer to automated forex trading systems mainly as "EA's".

The Most Popular Commercial EA's in the Market Today

With so many EA's flooding the market today, you need to assess which ones are truly profitable and which ones are simply scams.

I've come across two EA's, in particular, that are not scams and do show profit potential.

Still, they throw a hard sales pitch when you visit their websites. Contrary to what they may claim on their sales page, don't believe the hype.

(I guess their marketing department felt that making bold claims was the only way to get your attention, given the fierce competition in the EA market.)

These EA's won't get you rich overnight. And for some, they might not even be profitable (it depends on your broker, your risk settings, money management, etc.).

From my own experience, these two commercial EA's have performed well. They could be viable candidates to include into your automated forex trading systems.

Click each name below to see results of my own live test of each robot on a real money trading accounts.

1. FAP Turbo - This Forex trade robot has a short-term trading (i.e., scalping) component as well as a long-term trading component. I've only utilized the scalping component, with some success.


2. Forex Megadroid - This Forex trading robot does not trade often, but it does have an excellent winning percentage.

As for other EA's out there, I'm sure there are profitable ones, but it would be very rare to hear about them.

In my opinion, the most profitable automated forex trading systems are the ones you don't hear about (i.e., non-commercial). It only makes sense. Why would the traders/programmers who built these profitable EA's want to sell them if they're making money?

So that's your first red flag...

...if an EA is being commercialized in the first place, then don't expect a great EA. Most are scams. Some are legit. And fewer still actually make consistent profits.

How does one find these very few commercialized, yet profitable EA's?

Your first step is to check out automated forex trading system review sites. Many of these sites test EA's by trading them either on demo accounts or even live accounts.

They either show you their broker statement or give you access to their test account (via an Investor Password). After reviewing the results, you can make a better decision whether or not to purchase the EA.

Brokers Matter

When it comes to automated forex software, which broker you use really matters. For example, if your EA is a trading scalper (i.e., quickly in and out of a trade to make a few pips profit), then it makes sense to find a broker with the lowest spreads.

Lower spreads mean a lower distance price needs to move in order to make a profit. This, in turn, means a higher percentage of profitable trades...all good!

Test'em Before You Trust'em

Before you take the plunge and Forex auto trade using a large amount of risk capital, it would be wise to test the EA first, even if you've already seen great results for the EA on a review site.

There are several ways to test automated forex trading systems. You can backtest the EA by applying it to historical price data, or you can forward test the EA either on a demo account or a live account.

In my opinion, the only true way to test if an EA is worth its salt is by forward testing on a live account. Although some brokers claim demo accounts are exactly the same as live accounts, they're not. In a demo account environment, orders are filled immediately. There is no order slippage. In the real world (i.e., live accounts), orders can be delayed, especially during highly volatile market conditions.

I've seen EA's perform brilliantly on a demo account, only to fail miserably when applied to a live account.

So forget demo testing. And forget backtesting when considering EA's to include into your automated forex trading systems. Forward test EA's only using live accounts. Of course, this adds risk since you're now trading live money.

Here's a solution to minimize your risk...

...test EA's on live, micro accounts.

This way, you won't be risking a lot (pennies only) while still testing the EA on a live trading account.

And here's an even better solution to eliminate all your risk when testing an EA...

Visit my other website at www.Forex-Robot-Examiner.com to see my own live tests of top commercial EA's on real money trading accounts.

I risk my own money to test EA's so you won't have to. I even provide you with each account's Investor Password so you can verify that the account is live and that the trades are real.

Not Into EA's?

Well, if trusting your money to a computer is not your thing, you can still trade Forex hands-free using automated forex trading systems. This type of automated trading is in the form of managed accounts.

A managed forex trading account is managed by a full-time professional. It could be the way to go if you're not into EA's; however, do your due diligence before giving your money over to a forex account manager.

A human might be better than a computer when it comes to trading, but make sure the manager has a great track record!

Build YOUR Best Forex Trading System


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