Forex Robots - The future of Trading

Forex Robots - The future of Trading

With falling shares and low returns on investments, it's becoming increasingly difficult to find a safe place to make small investments. Many people have taken this opportunity to make enquires about the Forex market. The Forex market is the most liquid market in the world and trades 24 hours a day and 7 days a week turning over a massive $3 dollars a day.

Now the one problem many first timers found was that over time and in the long run approximately 90% of traders lose money in Forex. The reason for this extremely high number is due to the time and energy manually trading forex takes. There is a huge learning curve that needs to be climbed before a trader can take to the market, not to mention a through examination of psychology and mindset. A lifetimes task in itself.

Fortunately new technology in the form of Forex Robots have come to the rescue. Forex Robots have been around for a relatively short while with new and more advanced models coming out onto the market all the time. They have become so popular that now approximately 25% of all Forex trades are now done by forex robots. The main attraction of a Forex robot is that it allows traders to leave their Expert Advisors to run on autopilot so saving valuable time in not having to sit in front of a screen all day. The other big benefit is that Robots don't have emotions and therefore don't make the fear or greed based errors that human traders do.

As with all technology the older Forex Robots were very inconsistent. They would do very well for a while and then would go into periods of losing money. If Forex Robots are so clever why does this happen? The answer is really simple. The older Forex robot models had set coding which only allowed them to understand a limited range of market movement. With new advances in technology forex robots are now programmed with their own intelligence allowing them to adjust to changes in the market.

Let's explain in a little more detail. There are a variety of price patterns that can occur for a currency pair. Due to global macro economic variables a currency pair might show trending pattern where one side of a currency pair gains significant strength vs. it's opposite e.g. the Yen strengthening against the British pound for a long period from July 2008 to January 2009. This is a trending market and a Forex Robot designed for a trending GBPJPY would have shown exceptional profits during this period. However the run did not last. It never does. The GBPJPY pair came into balance at the end of January 2009 when the currency moves into a more sideways pattern. This is known as a ranging market. The trending Forex Robots that did so well for 6 month earlier would have started to lose money. It would expect the trend to continue and would make false trades. The longer the market traded sideways the more money would be lost.

This is where the new adaptive Forex Robots take over. IvyBot is the first of these robots recently launched onto the market. The developers of IvyBot have coded this forex robot to react to changes within the market. Allowing the forex traders who use them to profit for longer. Developers are also constantly updating the forex robot for changes as they happen within the market the beauty of that is all updates are passed on free to the consumer. The program has a 96% accuracy rating.

Why should you pick IvyBot above other Robots?
* IvyBot uses the latest multi market adapting technology
* Designed by Forex Experts and properly tested over a long time period
* Superior profitability
* 60 day money back guarantee

Forex Robots - Why Most Never Make Money in Real Time and Destroy Equity

Forex Robots - Why Most Never Make Money in Real Time and Destroy Equity

by Samuel Lesley Berkovits

Forex robots are the preferred option of many forex traders but most are simply a way to lose money and the clue why is in the title of this article - the track records presented are always simulated in hindsight - which means there made up in simple terms...

Would you take driving lessons from someone who hadn't passed there test?

Of course not, so why would anyone trade a forex robot that had never been traded and proven in real time? Well lots of traders do and they either don't see the disclaimer, or are naïve, greedy or both.

An Unfair Contest

The forex robots you see always have aggressive names that indicate they take on and beat the market - but it's a bit like a heavyweight boxer V a lightweight and the market is the heavy weight!

There aggressive names and fancy packaging and hype are no match for the brutal reality of price change in the real world of trading.

Curve Fitting is Doomed to Failure

The real problem is that they back test the rules and keep bending and optimizing them until they show a profit on the segment of data analysed but this is doomed to failure. Why?

Because the exact sequence of data never repeats exactly and you cannot change the rules in real time!

Markets are an Odds Game

This is known as curve fitting and it will never work on a market which is not orderly. The markets are an odds game not a game of certainties and you can never curve fit and win.

How to Win

If you want to win at forex trading you can by getting the right forex education and a simple robust forex trading system which you can apply with discipline and remember - it only needs to be simple, complicate a trading system to much and it will have to many elements to break.

So leave the forex robots to the greedy losing investors and make some effort, work smart and you can enjoy currency trading success.

Forex Robots - the Myth Financial Freedom the Reality Losses

Forex Robots - the Myth Financial Freedom the Reality Losses

by Sonia Kristina

If you are looking at trading a forex robot, then you need to be careful as the myth of a life of luxury and wealth for a hundred dollars outlay is rubbish. The reality is losses here's why.

They all have great names that indicate how they take on the forex market and they produce great track records and you think hey! That's great I should be able to make that!

The reality of course is the track record of profits is nothing of the sort it's a computer back test knowing the data, well that's hard.

So they haven't made any money which is not exactly a recommendation to use one but you do get lots of people on the online telling you can get rich and how they are to and then of course, you follow the link and what a surprise there selling it and making a commission.

Now there is nothing wrong with that at all but some of the stories are just ludicrous and these are some of the reasons I have seen to buy them.

- Trade the market with 90% accuracy!

Really well the banks and brokers better sack there dealers as these robots could take over, not even the best traders I know trade with this figure its fantasy not reality.

- Its Designed by a Whiz Kid Banker etc

Why is this good, or an advantage? It doesn't mean the robot will win and most of the time the mysterious developer is never really outlined.

- Make money on $100.00

Another dumb idea. With leverage and such a small sum unless you are luckier than I have ever been in my life you won't get anywhere with that volatility will take your money quiickly.

- You don't Need to Know what your Doing or anything about forex

Of course you do and if you did, you wouldn't buy a robot with a simulated track record.

- You Can Trade it in a Demo Account

Often see this gem trade it for a week or two, well any trader knows that's a waste of time in evaluating a trading program. You need a two year period as a minimum, if you have the patience to do it - but forget a week or so means nothing.

- You Get a Money Back Guarantee

Big deal it would be better if you got a money back guarantee on your losses.

Know the myth of the whole world buying these software packages and packing in the day job is not going to happen neither are banks brokers and investment houses going to sack there dealing teams, even though the robots simulated track record is great.

The reality is these systems are sold with slick marketing and no substance, for example the basics of any proof they can deliver automatic profits, which they advertise.

Steer clear of them and get the right forex education and win. Sure you have to work but you do in any area of life but forex for the effort you have to put in will give you the opportunity to earn a great second or even life changing income.

Forex Robots - What the Sales Copy Doesn't Tell You!

Forex Robots - What the Sales Copy Doesn't Tell You!

by Samuel Lesley Berkovits

Forex robots are popular and the sales copy is very enticing but there is a key point that gets brushed under the carpet and it's a point you need to know. If you don't check for this key point you are going to lose your money...

The key point is the track record. Do you think the forex robots have really made the riches they claim?

Well there is an easy way to find out and it's simply looking in the small print, for this statement, you have to look hard for it sometimes though but you will find it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Well that makes things clearer!

Its not gains in monetary terms (that's money made in the market) it's simply play money, in a back tested exercise!

Most of the forex trading systems you will see will carry the warning and you should heed it and steer clear.

You will of course hear lots of people saying they have made money with it and promoting the fact online however, if you look at the link it's normally an affiliate and if they were really making that much money why not trade the system full time?

Of course when you see a track record that simply goes up in a straight line to the stars with hardly a loss in site beating the top money mangers in the world and yours for the price of a night out, you know it's not true.

Now you know why the whole population has not packed in the 9 - 5 to trade full time or investment companies have nt suddenly cleared there dealing rooms as bits of software take care of everything.

How to Make Money In Forex

So if you want to make money in the forex market get a robot with a track record of gains in real time or even better build your own.

Get the right forex education and you can do this easily and the effort you make will be well rewarded. You can put together a simple forex trading system in about a week or two and be trading for gains in under 30 minutes a day.

In life just as in forex trading no one is going to lead you to a pot of gold and make your life a breeze, so do it yourself take responsibility and get on the road to success and forget forex robots - there gains are fantasy not reality.

Forex Robots - This One Makes Great Profits and Even Better It's Free!

Forex Robots - This One Makes Great Profits and Even Better It's Free!

by kelly Price

Many traders want a forex robot that works and enclosed you will find one that is and it won't cost you a dollar, yet it will out perform over 95% of the robots sold online. Here it is take a look.

Mechanical forex trading systems sold tend to destroy accounts. This is because the track record the forex trader buys is never real, it's a paper exercise done in hindsight and normally carries this warning:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

The system has never made real money and paper money means nothing, as you can't spend that in the supermarket.

These robots are curve fitted i.e. the rules are bent to fit the data and produce a profit.

Data never replicates itself in the exact sequence again and the system takes a bath.

Now were going to look at a simple forex trading system which cannot be curve fitted by its very nature (as it's only one rule) and has been traded by savvy traders for over 20 years and continually produces great long term profits.

It works on any trending market and of course, currencies are one of the best markets for trends.

Here is the system:

Buy a new 4 week high and sell a new 4 week market low.

That's it. Very simple and it's very profitable as it's based on 2 core foundations that will never change:

1. Big forex trends last a long time 2. Breakouts are where most new trends start from

Don't assume because its simple it doesn't make big gains it does.

You can easily test it and see.

Simple forex trading systems always work best, because they are very robust with fewer elements to break than complicated ones.

This is easily proven by looking at all the advances we have seen in forecasting in the last 20 years - we have quicker prices, more powerful computers (your desk top computer has more processing power than the computer that landed man on the moon!) and more complex theories - but has this changed the success ratio in trading?

Not at all.

95% still lose and 5% win and this will always be the case.

Does the system have a downside?

Yes it does when forex markets trend sideways it will get chopped and incur drawdown.

Here you can alter the exit and exit on a 1 or 2 week stop, then go flat and wait for the next 4 week trading signal to get you back in.

Not many traders will bother with this system though and it's not because it doesn't make money, it's because they perceive complexity helps them.

After all, a neural network or system based on chaos theory sounds like it should make money and makes them feel they have technology on their side - but the above system will beat most of these more complex systems hands down.

I once made the mistake of buying a system off an ex NASA engineer and felt it would help the result it wiped my equity out in two weeks!

The 4 Week Rule on the other hand, I have used for 20 odd years and its done great - some periods of drawdown (but all systems have them) and a thumping profit.

To run this system you need tremendous discipline, as it's not fussy about market timing and it's brutally mechanical but if you have discipline then it will work a treat.

So before you buy a forex robot which hasn't been proven try this one - it's been used by some of the world's top traders, is easy to understand apply and can lead you to currency trading success.

Check it out and keep in mind it won't cost you anything to test and it you will surprised at how much money it can make if executed with discipline and with an eye on long term performance.

Why Don't Banks Sack Their Fund Managers As There Track Records Are So Good?

I see forex robots that if they worked, would be producing more than the top fund managers but as yet, haven't heard of banks using them and the reason is obvious they don't work - here's why...

Ever seen that track record that looks to good to be true? Well you will see this as well in the small print -read it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

So there you have it - the forex robot you see hasn't even got a real track record - just paper money, made in hindsight, well that's not real dollars and that's how I judge a trading system.

Anyone can make money knowing all the data and make a track up but of course that's not real life.

I trade and I know a lot of bank dealers and as yet have not seen any of them sacked in favor of any of the forex trading systems I have seen advertised and the reason is simple, paper profits, do not get translated into real time profits.

Today, everyone is looking for easy money from forex trading - but trading is not easy and you wouldn't expect it to be, with the rewards on offer.

Like in any venture, where there are big gains to be made, you need to pay your dues and get the right education.

If of course you do and you get the right forex education, then you can make big long term profits. So my advise is - leave the forex robots with paper track records to the naïve and lazy traders and get yourself a proper forex education, which can set you on the road to long term currency trading success.

If there is big money to be made then its never easy and this doesnt just apply in forex trading, it applies in all money making ventures. Accept this fact, bnow get the right tools and forex education for success.

Forex Robots - This One is Free Proven and Makes Huge Long Term Profits

Forex Robots - This One is Free Proven and Makes Huge Long Term Profits

by kelly Price

Of course you can buy one but why not get one that doesn't cost a cent, is simple to understand has worked and will continue to work? This forex robot beats almost any you see for sale online so why waste your money?

This system beats all the ones you see for sale because - its got a track record in real time and is NOT curve fitted.

Most systems you see for sale, have never been traded and have there track records bent to fit the data, in meaningless paper simulations.

Seen a forex robot for sale? Then look for the warning below - your bound to see it:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

The vendor simply bends the track record in hindsight, until it works on the data.

As no two pieces of data ever replicate themselves exactly it loses. Would you trust a system with the above disclaimer written on it I wouldn't consider a system which has made paper money, if I want paper profits I can play Monopoly!

The one we are going to look at is different.

Many top traders have used and even the legendary Richard Dennis was a fan of this forex trading system.

Here it is and it is based on just one rule:

In a calendar month buy a new 4 week high or sell a new 4 week calendar low. The system is a stop and reverse so will always be in the market - that's it.

Simple?

Sure it is - but it makes money and that's what any forex trader wants.

It will get you on the right side of every major trend and works in any trading market not just currencies. It was devised back in the seventies by legendary trader Richard Donchian, who is considered the grandfather of modern trend following. Originally, it was devised to trade commodities but works on currencies, as they are great trending market.

No system is perfect and this system will get chopped when markets don't trend, so you may wish to re consider the exit rule and exit on a 1 or 2 week high or low and go flat, then enter on the next 4 week signal.

Will most traders use the above?

No they wont, they will say its to simple and can't work- but test the rule and it does and always will, because its based on trending markets and breakouts.

In fact, simple systems work best, because they are more robust in the brutal world of real trading, with fewer elements to break.

It may not have the image of a neural network, system based on chaos or Fibonacci but in the cold hard world of trading where fancy names don't matter, it will probably beat 90% of them hands down.

So if you want a robust forex robot, which is simple to understand, takes only a few minutes to apply and makes big long term gains check it out and remember it will cost you nothing - just some time and trust me, that will be time well spent.