How to find
a profitable Forex Robot
Forex Robot or Forex expert advisor is an
automated Forex trading software that can trade on your behalf, even as
you sleep. The minimum expected from a Forex robot is to maintain your
trading while you are busy with other activities.
Considering that any trader can't depend totally on automated trading
software, the profitable Forex robot is expected to decrease the risks
and increase the profit. Keep in mind that you still have to learn how
to trade and how markets work.
So how to find a profitable Forex robot among the many available on the
market? There are testing sites providing
reviews, tests on demo and comparison with vendor's live results.
The comparative tables present historical performance of demo and live
results for different Forex expert advisors, in a particular period.
These tables feature several other measurements helping you choose the
best Forex robot. Some of the important parameters are: Monthly profit
percentage; Gain - the total amount gained calculated in relation to the
deposits sum; Profit factor - the sum of all positive trades divided by
the sum of all negative trades, Drawdown - the largest difference
between a balance peak and the lowest following bottom; Trading
Tests comparison can give you an idea which Forex robots are more
profitable and if they sustain their profitability. Than, you can check
if they have some desirable features like: Easy installation, detailed
user guide, lifetime updates, money back guarantee, live trading
statistics, option to choose between several styles of trading.
When you picked up a Forex trading
software, you can search for previous real trader opinions and reviews
about its performance. If you decided to buy a Forex robot, your next
step is to try it on a demo account. If you are satisfied with the demo
performance, you can switch to a real account.
Thanks to review and testing sites you get
accurate ratings, which gives you possibility to find a profitable Forex
Robot and succeed in Forex trading.