Where do we find the top Forex robot? A simple search on “the top Forex Robot” brings up more choices than you could possibly imagine. With so many choices and systems, how can we be so sure which trading systems are the best? How do we even know they are going to work? Luckily for you we’ve conducted a thorough analysis of multiple systems and in the end cut out the ones that do not work and exposed the money makers.
Throughout our testing our objective was quite simple, and that was to find a Forex robot that proved itself not only through a back test of historical data, but also a successful forward test and applying the system to a live trading account. What we uncovered was quite disturbing.
Out of thirteen of the hottest trading systems on the net today we found most of them to fail. Notice, I did say most however, let’s talk about why they failed before we tell you how we identified a true winner.
A lot of trading systems are hyped up and boast outrageous claims and show you screen shots of proven back tested data of how their trading system made “x” amount of dollars over a given time period usually between two to five years. However, what most of them are not showing you is the forwarded tested data, or how the system actually traded when applied in real-time. Does this go to say that because they are only showing back tested data it does not work, absolutely not. What we are saying is that it’s important to understand the difference in back testing and forward testing in order to identify a profitable trading system.
After forward testing all thirteen of our system for a complete year, we found two of them to stand out from the pack. One of three things happened in the other eleven systems. One, we were margin called due to the system over trading and not allowing enough time for the current trades to close before opening new ones. Two, the system used no stop loss resulting in a few large losses that whipped us out completely, or three, the trading system traded on too many currency pairs resulting in too many trades taken ending in a margin call.
Why did our other two systems succeed? Our other two systems focused on one currency pair which enabled it to become an expert in that currency pair and adapt to changing market conditions. Our two systems used effective money management and never took too many trades before opening new ones.
Our ending conclusion, do all Forex robots work? No, but there are a few that stand the test of time, you just have to know which ones to look for and which systems are producing.
Of the thirteen systems we tested, we did find two that have proven themselves and stood the test of time. To see the top Forex robot reviews, visit Forex Robot.
Get honest reviews on the top trading systems out there now. We’ve already conducted the testing and analysis, visit Forex Robots Reviewed.
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