When looking at potential Forex trading software programs online, many people fall prey to clever little tricks and tactics employed by the program owners to inflate or distort the program’s effectiveness.
One such tactic is by displaying the “back test” results.
The back test results represent the results of the software running in demo mode and although they can give a decent representation of how well the software can perform, they also can be doctored to fit the bill.
The thing you need to pay attention to is the equity curve (showing your potential rise in earnings each day/week/month).
After visiting the FAP Turbo website and looking at the back test equity curve, FAP Turbo seemed at first like so many of the other Forex trading programs out there…a little too good to be true for my liking.
So, in order to establish whether the FAP Turbo system is legit or not, we need to consider the following factors:
1. Winning Percentage
The first and foremost key to a good Forex robot is the winning percentage it produces. Now, many people take figures that are produced over a couple of weeks as golden, but the real secret is to look at long term figures for a better representation.
The beauty of FAP Turbo is that the winning rate in the past 9 years has been 95% on average, with live testing showing even better winning percentages.
Clearly, the software can make you money from this factor alone.
2. Drawdown
Drawdown is also an important consideration when choosing Forex trading software because it measures the maximum percentage of capital that the software has lost you.
It’s worth knowing that the average Forex trading software can have drawdowns of around 10 or even 20 %. After evaluating and reviewing the FAP Turbo system, we were excited to see that their software boasts an average drawdown of just 0.35%…very impressive.
As you can see, these figures are pretty promising when it comes to Forex trading software that will make you money on autopilot.
What we found out during our extensive review (see bottom of article) is that the FAP Turbo software seems to trade for long term rather than short term, and makes you money from trends that are more stable as a result (probably why the success rate is more predictable for so many people).
We also noticed even before trying out the software that the videos, screenshots and other elements of proof on their website are pretty consistent…because the back test results and the live results share a similar pattern of equity growth, whereas many bogus schemes will show inconsistencies in their results because their back tests are falsified to inflate the true performance (using different rules in demo mode compared to real live trading).
When you consider the substantial evidence and the impressive trading figures that FAP Turbo has been delivering for nearly 10 years now, it’s hard to turn a blind eye to such a powerfully automated trading machine.
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Are You Able To Make Any Money Trading With a Forex Robot?
The Foreign Exchange Market is HUGE
Trading on the Forex is a hot topic today. People are making large sums of money due to the fact that the Foreign Exchange Market is the most volatile market in the world. Volatility can be a good thing for traders if you’re on the right side of the swings, since there are huge opportunities for making profits on the upswing or the downswing in the currency markets. The Forex is the largest market in the world with over 3 trillion traded each day! How does that relate to trading with a Forex robot?
What is a Robot?
Everyone wants needs a system for trading even if it is something the you develop on your own. Many systems are available, some good, and some not so good. My favorite systems are the Forex robots. These robots are actually computerized trading systems that trade for you using parameters that you set up in advance. Having everything set up in advance takes all of the emotion out of the trading decisions, a really good for your heart. But the best part is that when you are trading with a Forex robot, the robot watches the market and places trades 24 hours a day. Where else can you make money while you’re golfing?
What is the FAP Turbo Robot?
My pick for the best system available today is the FAP Turbo robot developed by 3 college students. The system is designed to be installed and operated by everyday people without any prior knowledge or experience with trading. The system does not require any specialized understanding of currency transfers or international finance. Best of all, you can start with a balance as low as $50.00 in your trading account. Most of us can’t stay glued to the computer for 24 hours a day, but the robot is active, buying and selling, making money along the way. You are free to spend your time having fun while at the same time you are busy trading with a Forex robot. Periodically you check to see the profit in your account. This is a real “set it and forget it” system.
Has it been tested?
The FAP Turbo robot has been back tested for an impressive nine years, and produced a whopping 5,000% net profit, with 95% of the trades winners. However, for me the main question is not back testing, but what can the robot do for you live today? The only way to know for certain is to download the software and fire it up. You can use a demo account to trade in real time until you are comfortable using real money. After a short time you will get comfortable with the robot and see it’s success in real time. Use the demo account for as long as you wish, then switch to real money. If you are not satisfied with the FAP Turbo robot within the first 60 days, simply call for a complete no questions asked refund.
How does my Foreign Exchange Market trading account get set up?
The FAP Turbo robot guides you through the setup process, and explains all of the details you need to know to get started. Additional live help is available if you have questions. One of the good things about trading on the Foreign Exchange Market is that most of the brokers have demo accounts available. You can trade safely with the demo account using real time conditions. After your are comfortable with the robot and convinced that the robot is working for you, you can switch to real money.
Can you make money trading with a Forex Robot?
Sure! No technical knowledge or prior experience of the Foreign Exchange Market is needed. If you can turn on a computer and download a file, then you will be able to sail ahead and you will be trading with a Forex robot. With the 95 % success rate the odds are stacked on your side.
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Forex Megadroid
The Forex Megadroid is the latest Forex System released on the Internet, with the popularity of the Forex market and an increased focus on forex systems, two experienced forex traders decided that they would develop their own forex system which would provide a built-in mechanism that allows this forex system to adapt to multiple conditions in a forex market.
The forex megadroid has been developed by John Grace and Albert Perrie both who are forex traders and have 38 years forex trading experience.
John and Albert’s forex megadroid has been developed using a profitable robot design this being;
1. Years of Trading Experience
2. Learning How the market behaves (visually)
3. Intergrating Long Term Experience into the Strategy
4. Programming computers to perfect the strategy
5. Unique and Profitable “Multi-Market Condition” Robot
Through years of Forex trading John and Albert realised that 90% of Forex robot systems were designed and developed with only a single forex market condition in mind, this is where these Forex systems failed. Every Forex trader knows that the forex market changes and it was soon obvious that these systems would only provide assistance when this certain forex market was active.
The Forex Megadroid has been developed using a unique algorithm which is able to adapt to multiple forex markets. The Forex Megadroid has been developed with consistency in mind, something that all Forex traders wish for, this system has been successfully created to perform at 95.82% accuracy which has been proved through years of testing and experimenting.
The Forex Megadroid is able to grow your trading account by at least 1000%.
You can see proof of the Forex Megadroid.
[I]Forex Megadroid is the only Robot That has Unique Built-in Mechanism that allows it to be Undetected by Forex Brokers – No matter how hard they try![/I]
Watch the video proof and find out why the Forex Megadroid is the perfect Forex system for any Forex trader wanting consistency and stability within the Forex market.
Forex Website: Forex Megadroid.
Q: The results of Forex MegaDroid are truly impressive. Can a robot really achieve such results?
A: If you would have asked us that question 2 years ago we would have said NO. However, as with any other industry, advances in technology bear their fruits.
But it doesn’t end there…its not only technology that is responsible for new breakthrough performance. Advances in technology are just one piece of the puzzle, yes, a big piece.
New Artificial Intelligence advancements have made it possible for us to actually design a robot that sees into the near future with 95.82% accuracy. That is a HUGE step forward. Every single Forex robot in the market relies on seeing what happened in the past in order to base its decisions as to what to do in the future.
That old way of doing things is OVER.
Now, here is what is very important to understand. We humans design Artificial Intelligence, we feed it with information…not the other way around. Hence, performance is the direct results of the quality of information we feed it.
Our 38 years of combined Forex trading experience has allowed us to design the prefect strategy on which Forex MegaDroid is based. Only experience can bring such quality in strategy design. Hector Lusting’s 41 years of computer programming/information technology has brought the technology that allowed RCTPA to be an automatic hands free reality.
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If you are looking to get started trading the Forex, you will find that there are numerous software programs available (both web based and desktop based) for you to use in your trading. In fact, most brokers offer clients a software package for free or as part of their trading account. Usually the software that comes with your trading account is a very basic “bare bones” model. Sometimes, more features are available for a price. The software packages your broker provides can be an important consideration in choosing a broker. You may want to download and try some different packages using a demo account. This will give you a better idea of which software package you find most suitable to your unique style of trading.
Forex trading software comes in two basic flavors – desktop software, and web based software. Which one you choose to work with depends on your preference and other more technical factors. Obviously, the Forex market is very dynamic and you need to have the most reliable up to date connection to the data as possible. Your internet connection speed is a factor here, and if you can afford it, you really should be connecting via broadband.
Your internet connection speed is just one of the factors you should consider when selecting forex trading software. The biggest consideration should be one of security.
Generally speaking, web based forex software is more secure than a desktop based software package. Why is that? Well, with a desktop software, your information and data is stored on your hard drive thus making it vulnerable to numerous security issues. If your computer became infected by a virus, your personal data and the integrity of your trading system can become compromised. Likewise, in the event of hard drive failure, your important data can be lost. Then there is the threat of prying eyes accessing your trading systems.
Luckily, if you choose to go with a desktop based software for your forex trading, you can do some things to limit the risks. For starters, a dedicated computer just for trading the forex would be a wise investment. Due to the popularity of forex trading, there are computers made specifically with a forex traders needs in mind. Even if you cant afford a dedicated machine, you should still apply the following tips to your trading computer:
* Password protect your trading software and personal data
* Make regular backups of your trading data
* Use a anti virus program and keep it up to date
* Update your trading software regularly
If you choose to go with a web based trading software, allot of the security and maintenance issues are handled by the provider. Online based forex systems are hosted on secure servers, the same type of servers credit card processing is handled on. This gives you a great deal of protection, as your data is encrypted. Also, backups and mirrors of your account data are made by your software provider to protect you from data loss.
Aside from the security considerations, you may find that an online based trading software is simply more convenient. There is no software to download as the software runs in your regular web browser. This means that you always will have access to the latest versions and features. Also, if you travel you will certainly appreciate the ability to log in and trade from any computer with an internet connection.
As you can see, there are many options in forex trading software. You ultimately should choose to work with the software that you personally find easiest and most intuitive to use.
If your looking for the best Forex systems currently available then these are the two best systems on the Internet.
Official Website: Forex Megadroid
Official Website: Forex Phantom
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Our computers can automate most everything for us. We learn new facts and disprove old fallacies. We shop for everything from shoes to homes on the Internet. We can even get a degree in any field from the comfort of our own home, so it should come as no surprise that we can tackle the stock market and all of its subtle nuances from our own home computers, even while wearing our fuzzy jammies!
Of course, most any informed person will tell you that knowing how to day trade involves knowing the many types of trading, and the advantages and disadvantages of each type. It also helps to understand that the term “day trader” should not be meant to imply that these traders just fly by the seat of their pants, making hap hazard, carefree trades without careful consideration. There is a lot of wisdom and finesse that goes into knowing how to trade. You can make good trades and succeed, or you can make a few bad trades, lose all of your money, and be out of the market altogether.
No matter what type of trading you are interested in, and no matter what your skill level, having the right day trading software is vital to your home trading knowledge and abilities. Some software will teach you the ins and outs of trading, or the various types of trading while others will teach you how to track particular stocks and how to watch for trends. Stock trading has become one of the Internet’s largest hobbies, not only at the professional level, but as an investment-based hobby as well.
Day trading software can get you started on a new hobby or onto a new career, as long as you choose carefully. Don’t think that you will download a program onto your home computer that will make you a financial wizard overnight, because that is just not going to happen, but if you find the right software that will give you a leg up.
There are drawbacks to day trading software, two of which being faulty disks and incompatibility issues. Another issue is the changing atmosphere of the trading market- would software that you download today still even be relevant in two month’s time? Is buying new day trading software every three or four months even a wise thing to do? Using a variety of software may eliminate some of these inherent risks, but that in itself brings up a whole new group of issues to consider. The answer may be to install the best available day trading software on your computer that offers an option to upgrade. The better software vendors have a trade in or trade up program, but many of them do not advertise these outright, so be sure to ask.
Look for the features you will use often based on your own trading abilities and goals. If you trade mostly one type of stock for instance, your software should be meant to track and chart that stock. If you deal with small bundles of computer stock for instance, there is no sense installing a program that has anything to do with gold futures or the foreign currency exchange.
Some day trading software have options that allow you to track the latest news about your stocks, and others offer a feature that will watch the market for you. A clear advantage to a good program is the ability to walk away from the computer without missing a single change in stock price or any stock movements- you set the program and it sends you an email or text to alert you, allowing you the option to check what is happening then or at a later time. In summary, the money spent on a quality software program should be viewed as an investment into your future success.
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