BEST FOREX ROBOT - Success at Auto-Trading

FOREX ROBOT

Introduction

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The Right Mindset

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Forex Robot Statistics - Part 1

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Forex Robot Statistics - Part 2

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Forex Robot Robustness

- What is a Forex Robot?

- Why use a Forex Robot?

- Key factor to look for in a   Forex robot

- Testing for Robustness

- Live VS Demo Testing

- What to look for in Broker

- Conclusion

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Forex Robot Drawdown Analysis - Part 1

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Forex Robot Drawdown Analysis - Part 2

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Drawdown Recovery

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The Emotions of Forex Robot Trading

Drawdown Recovery

Drawdown recovery is an essential indicator to look at when evaluating any automated system. Basically, drawdown recovery measures how quickly a system gets out of a drawdown. As you can imagine you want a robot that can get out of a drawdown quickly.

As traders, we're all looking for the next trade opportunity. But if we catch a trade that brings our account balance down, we just cannot wait to get back in the positive. Drawdown recovery is perfect here, as it measures the average time that it takes to get back to the positive after a drawdown. There are two ways to look at this: how long will it take to get back to the positive, or how many trades will it take to get back to the positive. Of course you'll want a short drawdown recovery.

Keep in mind though that a less volatile robot may take longer to recover from a drawdown. This type of EA will recover in a slow and steady manner. On the other hand, a robot with a quick recovery may be the result of one that takes big swings in both directions, up and down. If your robot vendor does not post these statistics it makes sense to ask them about them. If they are a legitimate company they should have the answers for you.

Forex Robot Drawdown Analysis - Part 2 The Emotions of Forex Robot Trading