Automated Trading with Forex Robot Software

April 24th, 2010

Automated forex trading is expanding its presence in the forex market lately. From millionaire forex traders who have their systems programmed into forex trading robots for their own private use, to the novice who desires to break the bank from a cheap expert advisor without even understanding how to set it up, everybody is moving toward automation.

Naturally, automated forex trading is increasing in a huge number of other areas too. On the other hand, should you check out stock market trading, for example, there isn’t nearly as much use of automated software for trading as in the forex market. Why is this? We can only presume that it must be due to the fact stock trading techniques are not that simple to program into software. Put simply, there must be something about currency trading that tends to make it less difficult to build and automate profitable forex robot software.

This really is very good news for the beginner because it implies that forex trading ought to be simple to manage. Simply acquire an automated forex trading robot, hook it up and visit frequently to pick up the gains, right? Often times though, generating revenue is never that simple, despite having the best forex robot software, installing it normally takes time; determining the settings is a job that needs a little understanding of the forex market and just how to manage your risk; and even the best expert advisor will usually have losing trades as well as create profits.

Anyhow, what it suggests, is that the normal forex trader wanting to get into speculative trading has far more possibilities in foreign exchange in comparison with stocks or commodity trading. You need to have an understanding of the fundamentals in order to earn money with forex robot software but the bright side is that you don’t have to devote many years creating and tweaking a manual trading method. You can start right out by testing your trading robot in a demo account.

Indeed, we did say a demo account. It is critical not to skip this step. Even knowledgeable forex traders cannot let their robot loose on the live market from the get go. They might have made a small miscalculation in establishing the parameters of the forex trading robot software which could cause double the risk as they had planned, for example. Or the robot might not be the right one for their needs.

A number of forex robots do have different trading styles and conditions. It is very important that you’re comfortable with the tactics and trading style that your forex robot software is made to execute, which includes the risk that it takes on each trade. This is another thing that you can easily find out in demo mode.

Most of the forex robots or expert advisors that you will find on general sale online are sold through Clickbank, a well known online retailer of software and other downloadable products. The great thing about Clickbank is that you automatically get a 60 day money back guarantee. This means that you can set up your automated trading robot in a demo account and run it through its paces for that time without having to risk any real money at all.

Click here for Free Report Forex Robot Software Read our blog Forex Robot Arena Report

Click Here to schedule Free Live Trading Session with 26 year InterBank Chief Dealer Andy Shearman.

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Forex Trading Training: Easy Ways To Trade Forex

March 24th, 2010

If you are new to the exciting and risky world of forex or currency trading, you are probably looking for forex trading training that will show you easy ways to make money from currency exchange. There are some simple ways to operate a forex account and we will look at four of them in this article.

1. Managed Forex Accounts

When you have a managed forex account, you are either hiring somebody to trade for you on your account, or putting your investment into a pool which will be managed and traded by a third party. Hiring somebody to trade for you is often the better option but since they take a percentage of profits, these operators usually require that you have a lot of money to invest, so that their percentage is enough to make it worth their time.

Pooled managed funds will usually accept smaller investments but it is much more difficult to know what they are doing with your money. In either case, do your due diligence and check up on the company. There are some scams in this area. Check whether the company is a member of any regulatory bodies and what will happen to your money if they go out of business.

2. Forex Signals

The second easy way to get into forex trading is to sign up for a forex signals service. Here the company will send you an alert whenever the market is right for a trade according to their system. The cost of these services can be anything from free to plenty of money per month, and you still have to actually place the trades yourself. So you will need more forex trading training with this option.

3. Forex Robot Software

These are automated forex trading systems that trade for you according to their built in system. You get a software program that you download (also called an expert advisor). You open an account with a broker whose trading platform is compatible with the system, set it up on your computer and leave it to trade for you any time that your computer is connected to the internet. Again, forex robots can cost anything from free to a couple hundred dollars but it is usually a one time payment.

4. Forex Mentor or Forex Coach

But the most important factor to success in the forex market is to have a forex mentor. To be able to learn from someone who is already successful is the fastest way to learn to trade forex. Forex training received from a mentor or coach is much more valuable than any of the above methods. A forex mentor could cost anywhere from several hundred dollars to several thousand dollars. Here is an excellent forex mentoring group that offers a free session to sit in and trade live.

Any forex trading training must point out that forex trading is risky and there is no guarantee that you will make money with any of these methods, even if you are paying for them. The market is unpredictable and all systems make losses at some times. So you should not risk any money that you cannot afford to lose.

It is true that even for these hands off methods, it is best if you understand the basics about the forex market. Then you will be in a better position to choose your options, knowing more about what they do. You can do this by practicing trading with a demo account, available from most brokers. There is plenty of forex trading training on the internet that will help you get started.

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Forex Robot Software Performance results- FapTurbo gbp/chf scalper

March 1st, 2010

Forex Robot Traders,

Here is the most recent performance data for the FAP Turbo Scalper forex robot software using the Gbp/Chf currency pair. This is one of the companion scalper bots for the FAP Turbo. The Fapturbo Expert Advisor comes with a forex scalping strategy optimized for the currency pairs usd/chf, usd/cad, gbp/chf, eur/chf, and eur/gbp. Here are the results of the first 2 months of trading with the Gbp/Chf pair.

results are from 12-15-09 thru 2-03-2010

FAPTurbo Scalper Bot GBP/CHF

Total trades = 30
win – loss = 29-1
total pips = +202
avg win = +7.1 pips
avg loss = -2 pips

Notes: We noticed the scalper bots performed very well. Keeping losses to a minimum. The gbp/chf has been among the best performing of the Fap Turbo Scalper Bots, we are really impressed by the accuracy of this bot.

Settings Recap:

We did not include leverage settings, because this test was purely to measure pips earned, not account growth. will provide that in a future update.. for now focusing on tracking pips.

Using default settings as is out of box (or download)

Attached is a screen shot of all trades…

…good trades,
Bot

ForexRobotArena

Forex Robot Software Fap Turbo scalper

GBP/CHF Scalper Bot performance

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FAPTurbo Review – Scalper Bot USD/CHF – performance results

February 19th, 2010
FAPTurbo review - forex robot software

FAPTurbo USD/CHF Scalper Bot

Ok robot traders, here is the most recent performance data for the FAP Turbo Scalper forex robot using the Usd/Chf currency pair.   This is one of the companion scalper bots for the FAP Turbo.  The Fapturbo Expert Advisor comes with a forex scalping strategy optimized for the currency pairs usd/chf, usd/cad, gbp/chf, eur/chf, and eur/gbp.  Here are the results of the first 2 months of trading with the Usd/Chf pair.

results are from 12-15-09 thru 2-09-2010

FAPTurbo Scalper Bot USD/CHF

Total trades = 40
win – loss = 32-8
total pips = +69
avg win = +5.4
avg loss = -12.75

Notes:  We noticed the scalper bots performed very well. Keeping losses to a minimum. However there was one trade that affected performance dramatically. Still in the profit zone after the first two months, we are really impressed by the accuracy of this bot.

Settings Recap:

I did not include leverage settings, because this test was purely to measure pips earned, not account growth. will provide that in a future update.. for now focusing on tracking pips.

Using default settings as is out of box (or download)

Attached is a screen shot of all trades…

…good trades,
Bot

Forex Robot Arena

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Forex Rebellion Review

February 15th, 2010

This Forex Rebellion review takes a look at the new system introduced by Russ Horn in late 2009. Russ Horn is a former T shirt printer who says that even a beginner can learn his system in 25 minutes. So, what is Forex Rebellion and does it really work? Are users actually making money with Forex Rebellion?

What You Get

So what is Forex Rebellion? Is it another forex robot?

The answer is no – and yet, it does have an automated component.

This is a manual trading system that identifies trades with a high probability of success. But you also get a piece of software called a ‘trading assistant’ which will alert you when conditions are favorable for a trade according to the system. You then decide whether to go ahead and trade.

This means you are in complete control of your trades, but at the same time, you do not have to waste your life scanning the markets 24 hours a day. It’s the best of both worlds. It also means that you can cover more than one currency pair.

As well as the trading assistant, you get over 40 videos showing how the system works. This includes footage of Russ trading the system live on the real market. It also includes different kinds of situations that may arise in the market and how to deal with them.

You also get special chart indicators that have been developed specifically for the Forex Rebellion system. You will not find these indicators anywhere else but they come free with this system. Other systems leave you to tweak standard indicators as well as you can – Forex Rebellion serves them up to you on a plate.

Plus of course, you get a manual. This is great for referring back to, after you watched the videos. Or if you are the kind of person who prefers to learn from the written word, you will find the system very well explained in the manual. (But it is best to watch the videos at least once, especially the bonus videos. There’s information and strategies there that are not in the manual.)

The System

This is a short term trading system (day trading) which will suit anybody whose time on the computer is limited. It can be used in any time zone and on any currency pair. Since forex is a 24 hour market, people with a regular job can use this in the evenings or early mornings, while a stay at home parent could trade while the kids are at school. It’s very flexible.

Another advantage of this kind of flexibility is that the market will not be saturated with traders using the same system at the same time. Forex Rebellion traders will be dispersed through different time zones and different currency pairs.

However, when you are starting out with the system it is best to stick with one currency pair. EUR/USD will be easiest to begin with, because of the high volume of trades. You also have a choice of time frames and we recommend starting with one hour.

How To Use The Videos

40 videos is a lot! And as for the claim that you can learn this system in 25 minutes – well, you would be missing a lot if you only spent 25 minutes on this. But it is a simple system that is quick to learn.

While some people will happily watch the whole video series right through from start to finish, for beginners that could be confusing. So instead, a great way to use this type of video training is to sign up for a broker demo account and actually follow along with what Russ Horn is doing. Using a demo account means that you do not have to risk any money.

At the same time, take brief notes of what is included in each video. This makes it way easier to find what you want if you want to come back and watch a strategy again.

User Feedback

People are raving about Forex Rebellion! You will see plenty of testimonials from users on the site, but the place to look for genuine impartial feedback is the forex forums. Comments there are extremely positive, with plenty of 5 star reviews.

We didn’t really find any negatives except people recommending that you start small – start in demo to find your feet, pay attention to the training on risk management and stop losses, and don’t start right out with 10 different currency pairs all at once. It’s just common sense.

Some users do go live right away but this would only be appropriate for experienced traders who can see that the system is going to work from the videos. Beginners need to get accustomed to the mechanics of trading and this is best done in a demo account where a mistake will not cost you anything.

Guarantee

You have a guaranteed refund here if you are not happy with this system. You have up to 60 days to test it out.

In order to make this a truly risk free 60 days, it is best to use a demo account. For newbies who do not already have a broker, there is a special link to a recommended broker in the download area. With this service (and most others) you can trade in demo mode at first until you are completely confident in the system and your trading abilities.

Summary

There is a PPS that Russ Horn has put on the site: “Fate brought you here and fate can take you to a whole new level in the Forex Trading niche. I’ve done all I can to help you find true success. The rest is up to you.”

We could say the same about this Forex Rebellion review. Destiny … or something … has brought you here and you can be thankful, because you have actually come across a real money making forex system among all of the dubious forex strategies out there. This is the one folks – get it or get out, because if you can’t make money with this, you shouldn’t be trading.

For More Information Regarding Forex Robot Software or Hybrid Automated Trading Systems, Goto http://www.forexrobotarena.com

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Pips Miner LE Forex Robot Software Review

February 9th, 2010
Pips Miner LE Forex Robot Review Results

Pips Miner LE Forex Robot Review Results

Ok everyone, here are the most recent performance data for the PipsMiner LE  forex robot.

This is the companion robot for the SE

results are from 12-15-09 thru 2-09-2010

Pips Miner LE

Total trades = 16
win – loss = 15-1
total pips = +275
avg win = +35
avg loss = -250

If you were trading both the LE and SE in combination, you would have a total of 605 pips after 2 months of trading.

Settings Recap:
I purchased the robot at www.forexrobotarena.com for $99 with a 60 day money back guarantee.

I did not include leverage settings, because this test was purely to measure pips earned, not account growth. will provide that in a future update.. for now focusing on tracking pips.

Using default settings as is out of box (or download)

Attached is a screen shot of all trades…

…good trades,
Bot

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Posted in Forex Robot Reviews, Forex Robots and Automated Trading Software | 10 Comments »

Pips Miner SE Forex Robot Review part 2

February 9th, 2010
Pips miner forex robot software review

Pips Miner Forex Robot Results up to Feb 2, 2010

pipsminer forex robot review results

Pips Miner Forex Robot Results (cont'd

Ok everyone, here are the most recent performance data for the PipsMiner SE  forex robot.

results are from 12-15-09 thru 2-09-2010

Pips Miner SE

Total trades = 108
win – loss = 95-12
total pips = +330
avg win = +30
avg loss = -210

note: The companion robot, Pips Miner LE in the same time is up +275 pips (see review here)

If you were trading both, you would have a total of 605 pips after 2 months of trading.

Settings Recap:
I purchased the robot at www.forexrobotarena.com for $99 with a 60 day money back guarantee.

I did not include leverage settings, because this test was purely to measure pips earned, not account growth. will provide that in a future update.. for now focusing on tracking pips.

Using default settings as is out of box (or download)

Attached is a screen shot of all trades…

…good trades,
Bot

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Posted in Forex Robot Reviews, Forex Robots and Automated Trading Software | 1 Comment »

Automated Forex Trading: How It Works

February 6th, 2010

Automated Forex Trading: How It Works

Automated forex trading involves software known as forex robots or expert advisors that trade automatically for you at any time of night or day. They do this by means of an API or application programming interface that allows them to receive price information from your broker’s website and send instructions that will open and close trades on your account.

The most important aspect of automated forex trading software is the system that is behind it. Most forex trading systems can be automated so that a robot will recognize the trading signals and act on them. Depending on the system, this may be an easy job for an experienced programmer or it could be more complicated. But however good the programmer is, the system must be successful in the first place. Automating it will not change the system itself.

Usually, the program runs on a trader’s own computer, which must be connected to the internet at all times that the robot might need to trade. For most people, this means having a dedicated computer that nobody else uses. While a trade is open it is important that the robot can connect to close it at the right moment, so you do not want to risk having one of the kids shut it down when they are finished playing.

At the same time, of course, if your computer normally shuts down or goes to sleep when it is left idle for a number of hours, you need to fix that so that it stays online. In Windows Vista, you can do this quite simply. Go to the Control Panel and click on Power Options (or System And Maintenance, then Power Options). There you can change your plan setting and set the sleep option to Never.

There are two ways to get an automated forex trading system. The first is to have your own successful system automated by a programmer, as we just described. Usually they would use a platform such as Metatrader 4. However, this option can have high costs unless you are able to do the programming yourself.

The second way to get a forex robot is to buy one that has been developed from a successful system by somebody else. There are plenty of these available to buy online. In fact, there are so many that it can be difficult to know which to choose.

One point needs to be made very clear. You cannot assume that the most expensive is necessarily going to be the best. The forex market can be very unpredictable and not all forex robots make money. So check reviews and forums for feedback before you invest in an automated forex trading system, and always start out in demo mode until you are sure that you have it working correctly.

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Posted in Forex Robots and Automated Trading Software | 7 Comments »

Tips to Ensure You are Selecting the Most Effective Forex Robot Software Program

February 5th, 2010

Forex robots have grown to be constant members in the Currency markets. For some investors, Forex robots unquestionably key. Substantial chances are opening up that allows for traders to bring in substantial profits or perhaps in time accumulating large sums of money.

You will discover a number of factors like emotions that can have an impact on your trade in a undesirable fashion. Forex robot software can certainly put emotions aside and deal without remaining impartial or being biased when making decisions. Trade decisions are important simply because the Forex market is so risky and moves could easily take place in just a matter of seconds. Fast response and decision would undoubtedly be worth it, since timing your trade effectively would certainly

Such is the significant function of Forex robot software. Forex robots are designed so that they could execute deals that would be high probability determined by the trade alerts the program evaluates. What

For everybody who is placing your Forex trading profession in the hands of a Forex robot, then you would have a need to realize its functions, both favorable as well as unfavorable. The profitability of a Forex robot is usually dependant upon its level of quality, and quality can differ mainly because of the producer of the robot.

Exactly how would you realize if you are receiving a quality Forex robot? Let’s verify.

• Your Forex robot shows a reliable track record about the currency pair you will be thinking about. Obviously, a Forex robot will be able to monitor all currency pairs simultaneously, but yet there would be programs that work best making use of dedicated forex pair.

• Forex robots often possess a particular size of trade where they would be likely to perform most optimally. When they are required to trade in a greater size compared with what they are programmed to do, their own overall performance could possibly be minimised subsequently losing trade deals as well as earnings. Ensure that you have determined how much of your trading capital or money you are willing to risk participating in the Forex trading. There are many software packages which often generate a profit even in various lot sizes.

• Forex robots are also obtainable in different levels of automation. If you want to enjoy some level of control on the machine and program, you can also find products which can allow for the trader to do some partial manual trading.

• While looking for Forex robots, always inquire about the money-back guarantee. If, for reasons uknown, the strategy fails to operate as anticipated, you don’t have to worry about shopping for a replacement or questioning about the vendor’s return policy.

• Find out about what type of functions are contained along with your Forex robot software. There are a few products which can be extremely expensive however if you have a look at it intently, it does not even have virtually any capabilities which would enable you to increase your trading results. You can find forex robot software that you can invest in for a sensible selling price and may give you additional material along with tools to enhance your trading skills.

A Forex robot is a worthwhile investment. For it to supply consistency in accordance with your expectations, then you definately will need to do your homework especially during the choosing phase. It is not wise to simply just pick-up something that was initially popular, you would prefer to understand how beneficial it is to just remember to find a Forex robot software program that compliments your requirements.

ımprove the likelihood of your forex trading success.’s beneficial due to Forex robots is that they could carry out the technique without compromising your judgement or setting them aside stemming from emotional issues.

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Foreign Exchange Basics Of Currency Trading

February 4th, 2010

Foreign Exchange Basics Of Currency Trading

Foreign exchange basics are important for beginners wanting to make money with foreign exchange or forex trading. Trading international currencies is not something that a person can jump right into and make money. There are a few things that new traders need to know.

Foreign exchange, forex, FX and currency trading all mean the same thing. This is a speculative form of investment which has the potential to make a lot of money fast because of the use of leverage, where a small account balance can control a lot of money in the market. However, it also carries high risk. Anybody who is thinking of getting into forex trading should be aware of the risk and only use money that they do not need for anything else, especially at first.

Fortunately, most forex brokers offer demo accounts so that you can try out your trading with virtual funds before you risk any real money. You will need a broker. They will hold your account and you will place your trades using the platform or trading software that is an integral part of their website. Most brokers also provide real time price charts so that clients can track prices and trends and analyze the market, to know when is a good moment to trade.

Foreign exchange trading has many advantages over other forms of financial trading. One is the fact that the market is open 24 hours a day from Monday through Friday. This is because you are not limited to trading in your own country. The market is global so it operates in all time zones. So if you have a day job, you can still trade currency in evening or in the morning before you start work.

You can also get started with a very low initial investment. Since the rise of the internet, forex trading has opened up for the small time private investor trading from home. You just need a computer with an internet connection and a few hundred dollars to open an account.

One of the easiest ways to get started in forex trading is to use a forex robot. These are also called expert advisors or automated forex trading systems. There are many of them available on the internet. You can hook them up to your broker account and set them to trade for you. However, it is important to find a good one. Some might lose more money than they make. You can test them in demonstration mode and tweak the settings to suit the size of your account.

However you decide to trade, remember always to keep your risk per trade very low. Between 1% and 5% of your funds is recommended by many sources. If you exceed this, the inevitable occasional losing runs will mean that even the most skillful trader or the best forex robot will go bust. Keeping your risk low enables you to survive a difficult period, keep trading and keep making money. This is probably the most important point to keep in mind as you move beyond the theory of foreign exchange basics and into real money forex trading.

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