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

Forex Robot Statistics - Part 2

Another key statistic to pay attention to when choosing a currency trading robot is expectancy. Expectancy is basically a statistic that tells you how much you can expect to make on a trade.

The idea that you want each trade to average a positive result, and the bigger the better. Obviously these are just historic numbers and do not guarantee future results, but they need to be attractive in order for you to even test a robot.

Expectancy is calculated out as follows:

Expectancy = [%of winning trades(average profit per trade) ] - [% of losing trades (average loss per trade)]

This totals up to expectancy and you want this number to be positive. The higher it is the better. By the way, if you want to get really advanced you can add transaction costs into the mix. Here is what the formula would look like:

Expectancy = [%of winning trades(average profit per trade - transaction costs) ] - [% of losing trades (average loss per trade + transaction costs)]

If you cannot calculate this number it is a good idea to ask the robot vendor. It is a very important number and a very good way to look into what you can expect when making a trade.

Forex Robot Statistics - Part 1 Forex Robot Robustness