Top 5 Forex Robots Of 2010
Almost every week, you will find a new forex robot being launched. Most of these forex robots are being now supported with their live trading account performance something that was missing a few years back.
Previously most of the forex robots used to have a few hundred lines of codes in their programs. But Forex Bulletproof has around 4,000 lines of codes that the developers allowed everyone to get a glimpse of. Another very good forex robot is the Forex MegaDroid developed by John Grace and Albert Pierre. This robot is also showing consistent performance and you can read the live trading account statement on the website of this forex robot. It had made 2,300% NET PROFIT in 2009 alone averaging something like 200% each and every month throughout the year. This was something remarkable. It trades the EURUSD pair only.
Recently, Mark Roth, a hedge fund trader released his Forex Robot, The Event Forex EA, This robot was able to convert $10,000 initial deposit into $13 million in 8 consecutive years without getting a single margin call. It made $65,862 in just one trade. This robot is creating a lot of buzz. All the copies of this robot were sold out in the first few hours of the launch. With the passage of time, forex vendors are now more and more relying on the live trading results of their forex robots. The days of showing back testing and forward testing results on the websites are gone now.
Forex vendors understand this. Now, most of them are showing the live trading account statements of these robots on their websites. This live trading can be from a few months to a few years. In case of Event Forex, they have the live trading results for the last 9 years. So, Event EA is a solid robot that was released this year!
Forex Supersonic Strategy, a forex breakout trading strategy has been developed by John Wilson, who used it to make $36,063 every month on average. He gave away his forex supersonic strategy FREE.
But John Wilson also has a Forex Supersonic EA that automates his manual trading strategy. This breakout trading strategy is making a lot of ripples in the forex community.
To succeed with these EAs, you need to understand something about forex trading and how the currency market behaves. The performance of these EAs naturally is highly dependent on their settings. What you need to learn first when you trade with these EAs is how to optimize their settings.
Another robot that hit the market recently is the Xtreme Pip Poacher. This has been developed by Drew Collinson who traded for 26 years with 533 different trading system but failed until he discovered a secret glitch that was pointed out to him by a multi millionaire trader friend.
So what Drew Collinson did was develop the Broker Detection Technology BDT that can protect you from your forex broker. His robot uses swing trading as the basic trading strategy.
Article Source: FxTradingStock.com
About the Author
Mr. Ahmad Hassam has done Masters from Harvard University. Discover a Forex Robot that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE that can increase the profitability of any forex robot by 53% and more! Discover the Forex Ultimate System!
by: Ahmad Hassam
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Word Count: 503
Date: Wed, 6 Oct 2010
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