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 the ability to follow a 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 a good Internet connection and MetaTrader 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 an unlimited amount of money. Well, I have selected two that are profitable and guarantee a 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 reading 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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2 comments:

  1. It is not easy for the traders to predict the forex market. It needs expert help in predicting the price of currency under market conditions. MCX Tips help traders to predict the price of commodities.

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  2. Fantastic blog! Do you have any tips and hints for writers? I’m planning to start my own website soon but I’m a little lost on everything. Would you propose starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely overwhelmed .. Any suggestions? Many thanks!
    Forex Trade Copier

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