Dear forex trader… How many times did you asked yourself “how to pick out the most moneymaking forex trading robot ?” How to pick one of the million? Yes, I am certain that the idea of getting a software that is able to automatically trade your forex account without the movement on your part sounds very interesting. BUT there are some important factors that you need to look at when choosing a best forex trading robots .
First of all you should take a look at “Live Trading Results”. That is by far the most important component when deciding whether an auto trader is worth your attention. It means tested statements of real money (not demo) account covering reasonable number of time. Advanced testing demo account is also really important affair. It is not as good indicant of the robot functioning as live trading but still it gives you a good indication of whether the software will performe better in the real world. The main reason that the demo account is not as convinced as the real one is that in demo accounts you normally get much better fills (spread, slippage…) therefore making better issues than they would be in the real account. This is specially true for scalping trading robots.
After that… Back Testing! This is the least intuitive EA (expert advisor/trading robot) operation indicant due to the fact that some forex trading robot developers use dishonest overoptimizing techniques where they take a set of EA parametric quantities and variable stars that would have worked well in the past BUT there is no proof whatsoever that such set of parameters will work in the real trading…
Profit Element – it should be no less than 2 and relative and maximum drawdowns should be reasonably low. Sellers Web Site – In Reality this can be a good indicator of what kind of forex trading robot you can expect. If you find out a website that is full of sleazy marketing language, such as “triple your money every two weeks” or if the seller is talking about luxury cars and mansion houses that you will buy after you use his software system you should stay away. You should look at sites that have tested explanation of the software, it’s logic and performance. You also need to make sure that there is a healthy tecnhical support for that robot. Check it out by asking some simple question and see how speedily they could answer you. One business day should be maximum.
Once again , you should approach picking out a forex trading robot software in the same manner as you would approach any other business speculation.
Good luck!


