Friday, April 26, 2013

Profitable trading using Forex Robots

Forex robots or Expert Advisors (EA) are the applications that automatically open and close the trades on the Forex market. The trading using forex robots is called automated trading and it can be very profitable.

Automated trading is very suitable for those who want to participate in the Forex market, but do not have the time to dedicate themselves fully to the trading. It useful for those traders who have the problem with emotions, concentration and with ability to follow previously set strategy. Also the traders who can't achieve better result manually would consider the Expert Advisors.

For automated trading you need a computer with good Internet connection and Metarader 4 platform installed. You will need a Forex broker that is providing Metatrader 4 as a trading platform and that is allowing trading with EAs. Finally, you need an Expert Advisor installed.

So,which EA to chose? The offer on the Internet is huge. Unfortunately, lots of them are scams. Either they are not profitable or they ask for unlimited amount of money. Well, I have selected two that are profitable and guarantee quick return of investment.

  • Forex Growth Bot
    • Trading pairs:  EURUSD on 15 minute time-frame
    • Average weekly gain: 2.63%
    • Min. deposit: $250
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website

  • Million Dollar Pips
    • Trading pairs:  EURUSD on 1 minute time-frame
    • Average weekly gain: 4.62%
    • Min. deposit: $1000
    • Independent test results #1: Link
    • Independent test results #2: Link
    • Order website
Finally, when you get the Expert Advisor, firstly I strongly advise to read the manual first and get familiar with the entry parameters. Secondly test your EA on a demo account for 1 to 3 months before you start using it on a live account.

Happy trading!

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