A Review of Automated Forex Brokers
OtherSeveral companies offer automated forex broker services. In the following articles, you’ll find brief reviews of each.
What forex brokers offer automated services?
GFT Forex is an automated forex broker, whose DealBook FX 2 software offers the investor both a demo and a live forex trading tool in the currency market. This forex trading software offers the investor direct access to some of the tightest spreads, through a stable, standalone forex trading platform, 24 hours a day. Read the rest of this entry »
What You Give You Get Back or How to Feed the Forex Robots
Help and TutorialsThere many trader-handled conditions which can predetermine your further success or fiasco, when it comes to trading with forex robots (expert advisors). And it doesn’t really matter, how good is your robot when the conditions are not friendly for automated trading. Let’s review one of the most important risk factor – low initial deposit. Read the rest of this entry »
Forex Legend - new Profitable Robots or another Epic FAIL?
Forex Legend, Reviews and LaunchesI’ve just heard that soon we will hear a lot about new big project in Forex expert advisors industry: Forex Legend
They will sell 2 Top Quality Expert Advisors + Bonus EA and Membership access as an upsell product. Currently, I have no information about this guys, but I know that launch will take place on 27th of July 2010 and advisors will cost $197 per license. They are also having IamFX as a partner broker which sounds good too.
Subscribe to my blog updates and I will inform you as soon as I will know more about that. I’m very interested in these advisors so I will test them a lot and write many facts about them.
Cheers!
When NOT to trade with robots
Help and TutorialsIt is very important to know when not to trade with robots. Sometimes it is even more important than the choise of EA’s you should use itself and what settings to use. When the market in suspense before or during the release of important news, markets tend to be very volatile and unpredictable. Expert Advisors tend to lose a lot of money or even totally wipe out your savings in such periods of. Absolutely important to avoid trading during these periods. As the right timing can help you to significantly improve your trading performance.
So, when to avoid trading? Let’s highlight two particular reoccurring news events, the release of the US unemployment statistics (NFP) and the presentation of results from the Federal Open Market Committee (FOMC).
Last 4 months of MegaDroid trading
Trading ResultsI think it’s time now to show you how MegaDroid is stable and profitable. It was launched on 30th of March 2009 and it is still making better profits that FAPturbo generates on two currencies on IamFX!
On ATC this robot is working profitable enough and very stable what is important when we are trading with autotraders and forex robots.
MegaDroid is still holding first position in my Forex Robots list.
NET Profit: 83.2% ($41600)
Maximal DrawDown: 7.09%
FAP Turbo trading results for 5 months
Trading ResultsFor more than 5 months FAPTurbo is trading on my IamFX account. It is in profit, but the results are not such sweet as expected. But it is still one of the most stable robots on the market. It is almost 2 years old and still showing positive results.
NET profit: 16.6% ($830)
Maximal Drawdown: 3,48%
Prizes for affiliates on the launch
For AffiliatesToday I wanted to talk about prizes, that marketers prefer to promise their affiliates before the launch of any random product. They usually promise great prizes for top 3 affiliates.
Do you believe that this is true? Personally, I do not believe in this at all.
I don’t think that after the launch marketer will buy prizes because each affiliate has already got their commission and this is hard to waste money on prizes.
