In a moment we will look at a Forex trading system which has made millions in real time gains but first, lets look at our three steps you need to follow to find a profitable Forex robot are simple so let's take a look at them.
1. Beware of these Lies
Many robots sales copy is laughable and as soon as you see claims like the following ones, you will know the robot will lose and we will show you how to confirm this in a moment but here are common statements which are simply not true.
- You can make thousands of percent in profit with little or no draw down I.e. below 10%
- The robot can predict the future with its algorithm
- You can make a guaranteed regular monthly income
All the above statements are not true. Firstly if you have big gains, you will have big draw down sure the robot can win longer term but all the best systems have draw down. Secondly, if prices really were predictable in advance there would be no market, as we would all know the price in advance, Finally, Forex robot trading is long term and you will always have months where you will lose.
If you ever see the above statements look at the track record.
2. Look for Audited Real Time Performance
If you look at most Forex robots you will see they don't offer any evidence they have made any money!
What do you get? A simulation going back across past data knowing all the closing prices or so called live results, where the vendor posts about the robots supposed gains with no outside check.
Insist on a real time, audited track record from an outside neutral source and you will find only a few robots offer this but the acid test is making money in the market checked by an outside source.
3. Who Designed the System is it a Trader?
Most robots are NOT designed by traders. If you look at most they say the developers identity needs to be kept secret for some ridiculous reason ( the real reason of course is the developer is a programmer who has never traded) or you see a name but you can find no background on the developer, apart from an army of affiliates selling the system telling you how good he is.
Only buy robots, where you can check out the developer and see what he has achieved in trading in real time.
A Forex Robot From a Trading Legend which has Made Millions
The new Turtle trading robot is being bought by serious traders, because its from a real trading legend Richard Dennis, has a real time verified track record of millions in real profits and allows traders to target 100% annual gains on just 2% risk per trade.
If you are looking for a profitable Forex trading robot, use the guidelines above to find the minority of winners and get on the road to Forex trading success.
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