Forex Robots Reviews Find The Best Forex Robot For You

Top 5 Forex Trading RobotsPosted by admin on August 11th, 2009

1.Fap Turbo

When Fap Turbo was released less than nine months ago, it certainly set the Forex industry rocking. Before its release, the people behind Fap Turbo promised that they were about to deliver the most advanced and all inclusive Forex trading robots to date. Their promises have not proven to be empty, and the results and ease of use that Fap Turbo provides, has made it a major success, with more than 20,000 regular users.  Industry experts state that the reason for  Fap Turbo’s runaway success is that, while it is based on former industry standard,  Forex Autopilot it closes a lot of the holes and flaws that were inherent in that program, which was exactly what the market demanded.

Another major selling feature of Fap Turbo is that instead of backing up claims of the program’s success by producing what are, in true terms, a series of backtesting reports ( which could be fictional )to prove how much  profit their system can create, the  people at Fap Turbo put their money where their mouth is by  producing  published and verifiable  real time statements every day, showing  their own accounts trading and making profits in real time on the homepage of their Fap Turbo website for everyone to see.

Something else that makes Fap Turbo stand out from the crowd is the feeling of stability and long term commitment that the company generates. You just know that Fap Turbo is here to stay. The program’s developers state and restate their promise to be around for the long haul, and be a part of their customer’s continued success.

Read Enough? Then Get Started With Fap Turbo

2. Forex Megadroid

When Forex Megadroid, developed by John Grace and Albert Perrie was launched in the spring of 2009, the excitement almost equaled that of the Fap Turbo launch a few months previously.  Grace and Perrie have armed the Forex Megadroid with what they claim is a revolutionary new technique known as Reverse Correlated Price and Time Analysis (RCPTA) and by using this analysis the pair are prepared to guarantee that your Forex account trading capital will increase four fold. .

Forex Megadroid boast another unique feature, which is the built in broker protection feature. It has become increasingly common knowledge that there are many Metatrader brokers who trade against their clients. This coupled with other landmines such as high spreads, off-quote errors and slippage it has become increasingly difficult for a trading robot to consistently return a profit. Grace and Perrie claim that their Forex Megadroid trading robot has become the first in its category that has a broker protection or anti-broker mechanism installed as a standard.

The truth is that the jury is still out on whether Forex Megadroid can satisfactorily function under a range of fluctuating market conditions, whilst meeting the 95% success rate promised in the company’s advertising.  All that can be said is that since installing Forex Megadroid on a trial basis, the software succeeded in registering 25 consecutive winning trades in my demo account. To sum up, Grace and Perrie looks live that they may have come up with a winner in the Forex Megadroid and is definitely worth a second look.

Read Enough? Check out Megadroid

3.Forex Autopilot

Forex Autopilot has been an industry forerunner, and had the market at their feet until the launch of Fap Turbo in November of 2008. The Forex Autopilot system typically utilizes a wide variety of indicators to identify trends, particularly on the EUR/USD currency. The result has always been a consistent and extremely accurate forex trading robot system boasting a steady return on capital of more than 90%.

Before I made my switch to Fap Turbo, I carried out a series of trades using Forex Autopilot over a four week period, producing some fairly encouraging results.  During the entire period, the Forex Autopilot system made only two losing trades out of a total of 58, returning me a profit of more than 800 pips for the month.

However, lurking in my sub-conscious was the knowledge that Forex Autopilot can sometimes generate trades with the potential to fall into a large drawdown that can reach more than 500 pips if not regulated. Whilst anyone who has spent even the minimum amount of time trading Forex knows that this kind of drawdown can only occur once in a blue moon, they should know that the Forex Autopilot does not have any inbuilt capacity to prevent it. Which is a very big black mark in my book?

I firmly believe that for this reason Fap Turbo is a better and more reliable product, a fact that makes it more profitable.  It has be noted that Forex Autopilot boasts the longest history in the Forex robot industry, and for that reason is worthy of inclusion on my list.  Forex Autopilot

4. Forex Funnel

Another automated Forex trading system, bearing some striking resemblance to the Fap Turbo software system, is Forex Funnel. However there is one significant disparity.  Forex Funnel’s defaults are based around a much higher symmetry to the higher the risk then the higher the reward approach to Forex trading.  In other words, it is not for the faint of heart. Forex Funnel utilizes a series of variants derived from a notorious casino gambling strategy known as the Martingale principle.

When applied to Forex trading, the Martingale strategy offers, at least theoretically, an almost 100% success rate. However by nature of its strategy, that one trade that you lose could knock a major hole in any traders working capital if not eliminate it completely.  To learn more about the Martingale strategy and whether it is for you, you  should take whatever time necessary to discover exactly the implications of working with it, as well as with Forex Funnel or if you would prefer your Forex trading to be less fraught. .

If you do have some money to burn, would like to try life in the Forex fast line at least for a little while, then Forex Funnel may be just what you are looking for.  Forex Funnel.

5. Pips Leader

Not as well known as some of its competitors in the forex trading robots industry, the Pips Leader Forex robot remains one of the most interesting Forex robots that I have tested, for that reason it justifies it appearance on this revue.  Using what is known as a “basket trading” strategy, the Pips Leader robot provides a winning combination of extreme profit potential backed up with low risk. All that is required is the dealer to take the time to learn and understand the margin requirements and the discipline to enforce the system’s strict money management rules. The system’s depends a lot on hedging, so anyone considering trading through Pip Leader should ensure that their broker is sympathetic towards hedging before opening an l account.

Pips Leader allows for up to 30 open trades operating simultaneously, and it goes without saying that profits can be earned as long as the dealer fully grasps each of the margin requirements. The minimum account size for trading with these kinds of default settings (0.10 standard lots) is $2000, so any successful trading needs to be adjusted to suit the lost size based on this ratio.  Pips Leader.