Automated Forex Robots - Why Professional Traders Don't Use Them

by kelly Price

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% of traders lose and in the case of the cheap Forex robots it's 100%

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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Automated Forex Robot - Get One That's FREE Easy to Use and Made Millions!

by kelly Price

If you are considering buying an automated forex robot, there are many to choose from but most will lose you money, as they only have simulated track records. In this article we will give you a system that's free, is simple to understand and made millions!

Before we look at our free automated forex robot, let's look at why it beats the vast majority of sold ones.

Beware of the Back Test!

The ones you see advertised heavily online are sold with a back tested track record and of course anyone can make up a track record, knowing all the facts but the acid test is real profits in the market.

The free forex robot we are going to look at here, has been making big profits for over 25 years also, it's based on timeless logic and will continue to work.

The System

The system itself was developed by one of the great traders of all time - Richard Donchian, when he noticed the importance of the 4 week cycle in the commodity and currency markets and the system is called - The 4 Week Rule.

Its only one rule and here it is:

Execute a long trading signal, on any break to a new 4 week high. Reverse your position to a short, when you hit a 4 week low. Continue to stop and reverse, on 4 week highs and lows and always maintain a position in the market.

Simple and Effective

That's it and you're probably thinking - that's really simple! Does it make money?

The answer is yes it does. Many people think that complex systems make money but it's the simple ones that do because they are more robust with fewer elements to break.

Why the System Works and Will Continue to do So

It's based on very sound principles of market behaviour which will NEVER change.

The first principle is that markets will always have big trends up or down. Of course currency markets trend for long periods, sometimes years and this system will get you in and keep you in, all the major trends.

The second principle is, most trends start from new market highs and lows and this system is based on buying and selling these breaks for big profits.

It also has other important advantages which are:

1. It doesn't take long to trade and you can easily execute your trading signals in around 15 - 20 minutes per day and you don't have to watch the market.

2. You don't have to think - the signal is clear cut, all you have to do is place it in the market.

So what are the downsides of the system?

This is a trend following system, so when markets move sideways, it will generate losses but you can add a filter and exit the trade on a 1 or 2 week high or low and then wait for the next 4 week signal to get back in.

Both methods will work but using the filter smoothes swings in account equity.

You Need Discipline

The other problem with the system is you need the right mindset to follow it and most traders have a real problem following long term trend following systems. Its clear cut and you must follow the signals as given and stick with it - longer term it wins but requires patience and discipline to follow.

A Simple Proven Route to Profits

This system has been around for decades and while simple, it simply delivers big long term gains and that's more than can be said for the numerous junk automated forex robots that are sold online - lots of hype and no substance! This one has no hype but lots of profits so know which one I would rather trade!

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