If you want to buy an automated Forex trading robot, you should only consider robots that have performance that is verified in real time trading and it's a fact most robots sold don't have this - let's look at one that does and how to see the track records which are genuine.
By real time verified performance it must meet these criteria:
- The trading took place in a trading account with a broker
- The performance was tracked and confirmed by an independent audit
Do most robots produce this?
Of course they don't they give you one of the following:
- A simulated track record going backwards which simply means it's on paper and done knowing all the closing prices - how hard is that? We could all be super traders if we knew tomorrow's price today but sadly we don't.
- Live trading results. These always bemuse me there not live and the other point to mention is the person selling the system gives them to you!
So why do most robots if they claim to make money, not bother producing a verified track record? The answer is they don't work. There from marketing companies who employ computer programmers who have never traded and the only way they can make a track record look good is in the above ways.
Are there any automated Forex robots that make money?
Yes there are and while you will have draw down to, you can make some great long term gains if you pick the right one.
A trading system that has a verified track record is the Turtle trading robot. The Robot comes from a real trading legend - Richard Dennis and the rules he devised which the robot contains made millions in real time verified profits and even better, before you buy it you can read all the rules and logic so you can have confidence when you come to trade it. The trading system is a long term trend following system which can target triple digit gains, on just 2% risk per trade.
Check it out and get a robot that comes with real verified performance rather than just hype
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