BEST FOREX ROBOT - Success at Auto-Trading

FOREX ROBOT

Introduction

Forex Trading Benefits

The Right Mindset

Forex Trading Benefits

Forex Robot Statistics - Part 1

Forex Trading Benefits

Forex Robot Statistics - Part 2

Forex Trading Benefits

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

forex robot

Forex Robot Drawdown Analysis - Part 1

forex robot

Forex Robot Drawdown Analysis - Part 2

forex robot

Drawdown Recovery

forex robot

The Emotions of Forex Robot Trading

What is a Forex Robot?

Just so that we are all on the same page lets quickly recap some basic definitions. A Forex robot is also known as an expert advisor or a Metatrader EA. Basically it's a trading system/strategy that has been quantified, automated and coded into a program. Metatrader is the platform that is provided by your broker and it has automation capabilities. Basically what this means is that you can take the Metatrader platform and implement an expert advisor into it. Once your expert file has been installed, it will make trades for you based on your trading system without you having to physically be in front of your computer. This is actually a lot simpler than it sounds since the EA vendors provide you with a file and some good brokers install the file into your platform when you setup your account.

Since only a few people have the combination of programming ability and trading skills, most people buy Forex robots from system vendors. Chances are you probably have seen tons of them since many are being marketed very aggressively.

If you get lucky and catch a Forex robot that works during the time that you are trading it, you can make a lot of money. However since Forex trading is risky, you can also lose all of your money if trading a bad robot. Later in this text we will address some key factors to focus on that will help you find the best Forex robot for you.

Forex Robot Robustness Why use a Forex Robot?