If you want to find a profitable Forex robot, we will give you some simple tips in this article which if you follow them will help you avoid the vast majority of losing robots and spot the minority which make money.
The first tip, we will give you is common sense and is "if it looks to good to be true it probably is." If you ever see Forex robots which offer you thousands of percent in profit with little or no draw down, like under 1%, it won't make you money. Other common claims are the robot can predict the future or has over 95% accuracy. Let's be clear:
You can make money with a robot and we will look at one of the best in a moment but even the best systems have draw down and they don't win by predicting the future, that's impossible - they win by trading the odds. If you see a robot with a track record that's to good to be true - check the track record and you will see its not real or verified.
You will see either its a simulation over past data, knowing all the closing prices which is easy or the vendor claims live results but there from the vendor! He is selling the system and without an independent audit, these should be avoided as well. Look for real time results verified by a reputable, neutral source.
Another clue to a robot which wont make money is to try and find out who the developer is.
A person online did a test and found many of the so called traders presented by robots, were actually actors on the web! Other developers retain an air of mystery and won't reveal the trader, the reason why is obvious he doesn't exist. Try and find information on the developers online from reputable sources and your in for a long search, because the developer is a programmer with no trading experience.
A Profitable Forex Robot from a Trading Legend which Has Made Hundreds of Millions of Dollars!
The Turtle trading robot is a robot for serious traders, sure it has draw down but the rules have made hundreds of millions of dollars in real time trading and were developed by trading legend Richard Dennis. There now available in robot form and if you want a profitable Forex robot which has a real time track record of profits, without the hype, check it out.
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