Best Automated Forex Robot

Introduction
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Forex Robots are automated systems that trade the forex market for you. They are also known as expert advisors (ea’s) and can be referred to as automated trading software.

Advantages
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They are useful if you dont have time to trade the currency market on a daily basis. This is referred to as day trading and in some cases scalping. The automated software will can trade for you and make you profit provided you choose a good forex robot. There are reviews all over the net on the different robots available. Forex forums are a good place to look for information. The also reduce the stress day trading can cause and help aspiring traders who have discipline and emotion problems. These can both have a negative affect on trading. Fear and greed are eliminated when automated software trades on your behalf.

Disadvantages
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Some people claim that forex robots do not work. Of course not all work but there are a few that can produce profit provided they are used correctly. Factors that have to be considered are: Does the forex robot use a stop loss? You should never use a martingale system as this can blow your account in a single trade. It is also important to choose a broker who has a competitive spread on the pair that the forex robot trades on. Many systems look good in back testing due to slippage, spread and execution delays not being taking into consideration. It is a good idea to forward test the expert advisor before using it on your live account.

What to look for in a forex robot
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Make sure that it uses a stop loss. It would be an advantage if it runs on currency pairs with low spreads. Also check the time that the ea is active. Scalping ea’s that run during the quieter times are amongst the most profitbale and have little risk. Even scalping robots can bring big profits with small drawdowns.

Summary
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Forex robots do work, it is just a matter of back testing and forward testing untill the system is optimized to bring the highest amount of profit with the smallest amount of risk and drawdown. I use an ea on my live account that I have setup on a virtual private server and it brigns me great results everyday without me having to go through the stress that manual traders do.

Good Luck with your trading!

The Mind Robot

This is why a coach is so crucial. You need someone to hear your statements and point them out to you, help you question them, and then release them or replace them.

My interview with Steve really made me aware that none of us listen to our language closely enough. I sometimes catch myself complaining or stating a limiting belief. I have to pause and ask myself, -Is the belief true in objective reality?-

In other words, is it a fact we can all agree on and even measure?

More often than not, it isn’t.

Years ago, when I trained with famed bodybuilder and Olympia winner Frank Zane, I was urged to watch my mouth. Frank would tell me, -I pay attention to how people speak. Your statements are usually empowering, but when you got under the squat rack, you started to say you couldn’t do it.-

He was right.

Frank wanted me to learn that my thoughts were leading me to create my own limitations. My statements about what was possible were in fact programming me to expect the very thing I declared. I was programming a robot: me.

I’m inviting you to monitor your thoughts and your language. What you say is programming you. As Steve pointed out in our in-depth interview, your words are speaking reality into being. But the reality you speak is one fabricated because of what you speak.

Here’s what Steve suggests you do right now to remedy this:

Speak as if what you want is already true. -I am a multi-millionaire.- -I am in love with the perfect person for me.- -I am healthy.- You get to choose. Make it now, present tense, and positive.

Watch for clues. Your subconscious will hear your new language and begin to offer evidence for it. It will, in a sense, test you. Be sure to take action on the opportunities that arise, to prove you are becoming that which you speak you already are.

Be that person. In other words, feel as though you already are what you said. Your emotion will stir motion in and around you to bring the desired state into being.

As you review this post, what comes to mind?

What are your thoughts right now?

Do you believe you can reprogram your mind?

Do you believe you can have, do, or be virtually anything?

This is all part of the process of deprogramming the robot of you. It’s about freeing yourself of limitations. How you answer reveals your beliefs, not objective reality. You can remain programmed by circumstances and upbringing and past beliefs; or you can begin the process to take control right now and reprogram yourself for what you want.

Remember, your subconscious mind will look for evidence to prove what you believe and expect.

So, what would be really good for you to believe right now?

The Movie I,Robot, starring Will Smith – The Downfall of Postmodernism

I,Robot takes place in the future, where most people own a personal robot to help out with daily life. The movie, starring Will Smith, is based on Isaac Asimov’s similarly titled book.

In this futuristic world, all robots are hardwired with three laws designed to keep people as well as robots safe:

1. A robot may not injure a human being or, through inaction, allow a human being to come to harm.

2. A robot must obey orders given to it by human beings, except where such orders would conflict with the First Law.

3. A robot must protect its own existence as long as such protection does not conflict with the First or Second Law.

During one of the discussions Will Smith (Detective Spooner) has with Dr. Landing’s posthumous recordings, the doctor explains that the end of these laws, even though they are perfect, is Revolution. Why? Why can’t we guarantee our safety? Will we ever phase out the risks of daily life?

The answer is: Life will always be risky. For this reason postmodernism, which says “live and let live,” is useless. Just “living” and “being safe” are insufficient purposes for living. God designed us for more than just surviving. In any case, safety is an illusion. The only way to endure the daily struggles of living is through courage and tenacious faith.

Logic is harmless, but daily life is inherently illogical. The only thing that balances out illogical evil is illogical good. Sunny, the only robot designed with a heart described the greater masses of his peers as “slaves of logic.” Sunny could lead his peers because he was designed to be something besides a slave.

Such is the handicapping effect of postmodernism that the phrase, “This is for your own protection,” can be used to justify anything. Viki justified her oppression of mankind with the supposition that she would guarantee the survival of mankind. But people were created for more than just survival. This is why the prospect of being locked in our homes for the rest of our lives “for our own safety” is repugnant to us.

Matchbox Rocky The Robot Truck Review

Christmas season is near and for sure, many of us are now already looking for some gifts to give for our kids or grand children or godchildren. Both online and offline stores have various items available for purchase and the much known Matchbox Truck is just one of them. They come in different designs and size that toddlers and adults alike will surely love to own. The Matchbox Rocky the Robot Truck is another addition to the wide array of matchbox truck designs and I have just recently purchased one for my kids ages 5 4 and 2. Herewith, I hope my matchbox rocky the robot truck review can help you into making buying decision.

Like many of the Matchbox truck toys that we see in the market, the Matchbox rocky also carries the known yellow color of Matchbox. One of the great features the matchbox rocky has is its ability to load and move out items. My boys enjoys the moment when they load up some things on the truck and have them all moved out with just a single press of a button. Matchbox Rocky truck also has the ability to respond when the user creates some sound, which the kids will surely love as they do their dancing and dumping tricks. Aside from the fun moves, the matchbox rocky also has the ability to produce sounds like various phrases and jokes.

Much to my surprise, even my hubby is having a great time playing with the new matchbox truck that we have for our kids. Hubby loves playing with the kids as they load and unload heavy items, which is not a treat for the toy because the Matchbox Rocky the Robot is made from strong and durable plastic and it indeed shows in the products appearance and performance. I highly recommend this item as a gift for Christmas or whatever occasion, for the prize will surely not disappoint you.

Forex Trading Robots – Making Automatic Forex Profits With the Best Systems

Forex trading robots are more popular than ever and with the power of software programs back testing data has never been easier and there are many systems to choose from but how do you find a good one – lets find out… While there are many forex robots to choose from, 99{bd07e223eb65688a4ec8a013a8a952c18130e3921272d8b06f3376a861906245} of them are junk and won’t make you any money. Why?

Because they simply have never been traded and normally come with the disclaimer below – most forex traders don’t read it, if you do, you will see why the vast majority fail in real time trading – here it is:

“CFTC RULE 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown”.

So the seller of a forex trading robot can present any track record they like which they can simply make up! The problem of course is that as the system has never been traded, you have no idea if it will be profitable or not and the track record is worthless.

Traders should realize this by asking themselves this simple question:

If the forex trading robot is so good, why doesn’t the vendor trade it for real and if it does make such big gains, why is he bothering me for a few hundred bucks?

Well now you know the answer.

The vendor doesn’t real care if the forex trading system makes money or not – they are not relying on its profitability in the market, just the fact that they can make some system sales.

There are a few trading systems which come with real time track records – but even here you have to be careful, that you understand how and why the system makes profits, as you are going to have to be able to follow it through losing periods with discipline.

Forex trading can make you big profits but be careful of the forex trading robots!

Make sure it has a real time track record and that you know how it works and have the confidence to follow it, with discipline to achieve long term forex success.

Making Easy Profits Using the Best Forex Trading Robots

When looking for a forex robot, researching on the net could be the best option for you. Internet can provide you numerous software, from which you will be able to select the best one.

Are you looking for a good Forex trading robot? If so, you should know the fact that finding the best forex trading robots is not a simple task. Although, you will be able to find hundreds of options when looking for Forex robots, only some are able to provide the right service for its users. Most developers advertise their robots as the best and publish statements about them. However, when it comes to the end results, most of them will not be able to satisfy your needs. Moreover, you should also make sure that the software you select is simple and easy to understand. Using a complicated program, which is hard to understand will again cause numerous hassles during the trading.

Most of the forex robots do not live according to the qualities listed on their website as they can predict the trend and the route of the forex market, trade with an accuracy of 90{bd07e223eb65688a4ec8a013a8a952c18130e3921272d8b06f3376a861906245} or more. You will also see some claims online that says double your investment and make more profit in a month. With these announcements, it is easy to fall into it, especially if you are new to the business. Therefore, it is very important to evaluate, examine and perform various tests on the robots you select and ensure you are choosing the right that suits the type of trading system you carry.

When you are looking for forex trading robots, you will also come across many free options in front of you. Most of the developers also provide trial versions of their software, which will help you to download it in your system and check its performance. As forex is a very risky market, it is very important to have the right trading strategies and tools with you. If you are a new trader in the market, taking the assistance of a broker or expert for selecting the Best Forex Trading Robots could be the best option for you. As these individuals are experienced in the market, they will help you to select the right trading system that suits your trading system.

Author Resource:

Timcy Hood writes informative and unique articles about Best Bank Interest Rates and Forex Trading Forum. One thing that separates Timcy Hood from others is the passion she puts into it, knowing full well and respecting the time viewers spend on reading his work.

Automated Forex Trading Robots – Use One and You Will Lose Money!

Most New traders in currency trading buy automated Forex trading robots for a couple of hundred dollars or less online and think there going to get rich with no effort but they soon lose all their money. So why do all these automated systems lose money? Let’s take a look in more detail.

The rise of Forex trading online has seen a huge number of cheap systems for sale and nave traders buy them but if they stopped to think about the message these robot vendors sell its obviously to good to be true and when it looks to good to be true it always is!

You are supposed to believe that for spending a small amount of money, you will get a lifelong income month after month and best of all you make no effort while the dollars roll in, its a laughable message and a quick look at these systems shows you, the track records they present are not true.

You will find claims of gains that even the worlds best traders couldn’t achieve and these guys are paid millions or hundreds of millions in salaries and bonuses now, if cheap robots did work, you would find banks would replace their dealers with this cheaper alternative but that hasn’t happened and the reason why is – the robot track records are made up.

Ever seen an audited or verified track record from a robot? Me neither. All you are given are simulations which are done backwards knowing all the highs and lows and the robot vendor fits the system to the data to make a profit. Robot vendors know the public is getting wise to this so instead they present what they say are “real results” but guess what? There is no verification from an independent source that the gains are true.

Learn to Trade Forex the Right Way and Win

If you want to make money at Forex trading, you need to keep away from the cheap automated Forex robots and learn to trade the right way. Anyone can learn to trade successfully but you have to work and learn the basics. Now for people who are prepared to put in some time and effort the rewards can be life changing because there is no other business which can reward you so well for your effort as trading currencies.

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Avoiding The Dangers of Trading With Forex Robots

Before purchasing a Forex robot you should be very well aware of the various drawbacks and not simply get excited from the promises of becoming a millionaire overnight. The opportunity of profiting with Forex robots is definitely there but one must first be aware of the dangers involved to be knowledgeable and therefore make a better decision.

Grid, Hedging, Pyramiding and Martingale

Knowledge in technical analysis does not seem to stifle the forex robot designers.

Indeed, there is more talk of hedging, matrix, pyramiding and martingale than about indicators.

Hedging is the act of opening a short position when it is a long, in order to gain when the market will head in the wrong direction. It is expected that one of the two positions will close with a win. So we ended up keeping positions for weeks hoping they become winners.

Matrices and grids are techniques that include open / close positions every 10, 20 or 50 pips. The danger is that when the market shifts a great deal, the robot must be fast enough to close or open all vulnerable positions.

For example, I knew a robot that used a grid trading system. The idea was that we defined a grid order to pass all 20 pips.

E.g. N is opened at a position of 1 lot.

At n + 20 it is closed with a gain of 20. No problem. This is compounded if 20 is not met.

If it drops below n, the position is reversed by opening a short position of 3 lots.

If the level n – 20 is not reached and it returns over n, we bought six lots.

If it drops below n or sells 12 lots, etc. each time the number of lots purchased or sold, double.

Grid System Trading – Number of Lots

We quickly reached 190 lots in all. As long as the spread is 1 pip, we already have 190 pips negative with the spread. If the spread is greater: Beware!

Presuming the robot cannot close positions in during sudden market fluctuations, we can definitely see the dangers this involves!

Pyramiding and average down accumulate position, either if we are winning or losing.

Martingales are techniques similar to those of card games that consist of doubling or even tripling your positions when you do not win. In this way you can very quickly reach important global positions.

Unfortunately vendors and robot designers will never share with you such information as their goal is to sell you their software and thus generate profit. Purchasing these kind of programs to trade on auto-pilot may sound very tempting, however one should be extremely careful in making the right choice and generate profits instead of losses.

Automated Forex Robots – Why Professional Traders Don’t Use Them

I have been a broker, worked in a fund management house and educate traders and I can tell you in my 25 years of trading experience, I have never seen any serious trader use the few hundred buck robots that are supposed to lead you to success – Why? Because they don’t make money…

Of course if you look at there track records of must Forex robots they have better track records than the world’s top traders who are on multi million pound salaries and yet, many robots claim you can double your money every month and all for the price of a night out. The reality of course is they never deliver and the reason is obvious.

They lose money!

The track records are either back tests, (in simple terms this means made up knowing the closing prices) or presented by the vendor themselves with no independent verification, no audit by a third party is ever presented. Hardly inspires confidence does it?

All Hype and No Substance

The hype in the copy is that you can make money in your sleep, while your playing golf or having a beer, simply switch the computer on, leave it and make money – but if this were true, the whole world would be trading and no one would bother to work.

In Forex trading lets make a point clear – you don’t make money easily! 95{bd07e223eb65688a4ec8a013a8a952c18130e3921272d8b06f3376a861906245} of traders lose and in the case of the cheap Forex robots it’s 100{bd07e223eb65688a4ec8a013a8a952c18130e3921272d8b06f3376a861906245}

The robots are all supposed to have been devised by whiz kids, nerds or insiders and one site I know actually took a few of the well known “traders” and showed where they had come from, a site of actors!

The systems present unrealistic gains which even Warren Buffet couldn’t match and traders believe them.

Sensible people suddenly become blinded by greed. Now lets look at how to make money and what you have to do.

How to Make Money In Forex

Serious traders know that like in all areas of life, you have to learn skills and learn to apply them with discipline. They don’t buy into the myth that Forex is a walk in the park – because its not. Of course if you are prepared to get the right Forex education, learn skills and apply them, you can make huge rewards for your efforts.

If you take Forex trading seriously and put in effort you can win, think Forex trading is a walk in the park and you don’t have to make any effort and you will lose, its as simple as that.

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Forex Automatic Trading – What Forex Robot Trader Developers Don’t Want You to Know

There has never been a better time to get into Forex trading to earn a passive income as the current economic downturn we find ourselves in today. Forex automatic trading in particular is outperforming many traditional investment vehicles like stocks, bonds and properties. Good Forex robot traders allow any and all traders to shortcut their way to Forex profits, regardless of their experience in trading.

That said, there’s one major flaw with Forex automatic trading that Forex robot trader developers don’t want you to know, and it has to do with the fact that every automated Forex trader will break down one day. By the end of this article, you will know how to tell when it’s time to shut down your Forex robot trader and get a new one.

The beauty of Forex automatic trading is that it levels the playing field so that any and all traders can be profitable in Forex, regardless of their previous trading experience. You don’t want to spend years teaching yourself how to trade Forex profitably, or to incur thousands of dollars in trading losses before you get to make some trading profits, right? I don’t know about you, but for the average part-time trader, it’s much more cost effective to just ride on someone else’s experience than to do it all yourself.

What most Forex robot trader developers won’t tell you though, is that their automated Forex trader won’t last forever. Every Forex robot trader has a use by date, no matter how good they are. Forex markets are in a constant state of flux, and so every automated Forex trader needs to be updated or even put through a complete overhaul when that happens. So what can you do to keep on top of your Forex robot trader and know with certainty that your Forex robot trader is past it’s use by date?

The last thing you want to do is to shut your automated Forex trader down prematurely. That’s why it’s important to trade your Forex robot trader on a demo account for at least a month to determine the average performance of the automated Forex trader. You don’t want to risk your trading capital until you are sure that you have a winning system on your hands.

Once you are confident enough to proceed to trading with real funds, continue to update your average performance indicators, and stop trading the moment you see any kind of severe deviation from your average performance indicators. That way, you are protecting your account while giving yourself maximum exposure to profits.

Forex automatic trading is a brilliant way to earn an additional income, so long as you recognize that Forex robot traders won’t last forever. If you’re sure that your automated Forex trader has stopped working, you can always take a new Forex robot trader through the same process, and continue your Forex automatic trading operation profitably.