GoMega Review

If you want to buy an automated forex robot you have a lot of choice but the fact is most are junk with made up simulated paper track records. There are a few good ones out there and this article will help you find the best forex robots.

Here are some tips to help you find a forex robot that works

DON’T Buy Simulations!

Most forex automated robots are rubbish and claim to be able to make big money but you look at the risk warning on the track record and see the words in “hindsight” and “simulated” Of course, this is easy and anyone can make up a track record knowing all the facts.

You have to think to yourself if the robot works, why hasn’t the vendor traded it?

By discounting all the forex robots which don’t have long term results in real time, you are getting rid of well over 90% of them.

Get REAL TIME Results

Now lets look at what you need to look for to find a good one.

You won’t be surprised that the first thing to look for is a real track record over several years that has been independently evaluated. Of course past results never indicate future profits - but it gives you confidence in the system and at least the logic is soundly based.

Understand The System!

If you want to follow a system (even if it’s made money in the past) you need to how it generates its trading signals, so you can have confidence in it. If you don’t have confidence, you will never be able to execute the signals as their generated and if you don’t do this, you don’t have a system at all!

So unless the logic is revealed to you and you agree with it, don’t trade the system.

Be Realistic

The automated robots with the fake track records say you can make a 100k a year and trade with $100 but this is fantasy, not reality.

In the real world, this is what you should expect from the best forex trading systems:

- Gains of between 30 - 100% per annum

- Losing Periods of a few weeks to a few months

- Losses of between 20 - 50% of your equity at some point

If you are trading a system then stick with it and judge it over a 2 year period.

Short term performance means nothing and all systems will have a losing streak, it’s the long term that counts.

If you get the right system, you can make the cost of it back many times over and you have a tool which will in 30 minutes a day give you a fantastic second income.

Take your time and shop around and you will find an automated forex robot that’s just right for you in terms of risk to reward and you are then all set, to enjoy long term currency trading success with it.



Forex Trading

Automated Forex robot trading is big business and there are numerous ones for sale and the vast majority lose, so let find the minority that win and the best robot…

We will look at our best trading system in a moment but first lets look at the Forex robot industry as a whole.

The phrase Forex robots or Expert Advisors are new phrases, until recently automated software was simply called a trading system - but marketing needs a catchy name, so trading systems are now known as robots or expert advisors and the fact is any system that carries these names and has hyped advertising copy will lose you money.

The claims are laughable - double your money each month, 90% accuracy and little or no drawdown and you only pay a hundred dollars or so, you know he claims are not true and so do most sensible people. These systems never produce an independent track record of gains - Why? Because these systems have never made any money long term.

The best Forex Robot Trading System

It’s a free one and it doesn’t actually call itself a robot, but it is an automated trading system and it does make money and has for over 25 years. Many of the pro traders use it and even trading legends like Richard Dennis admired it, so if you use it your in good company.

It’s called the 4 Week Rule and was devised by trading legend Richard Donchian.

It only has one rule and here it is:

Buy a new 4 week high - hold it. Wait for new 4 week low to be hit, then close the long and go short. Simply keep keying off new 4 week highs and lows and remain in the market at all times - that’s it.

Does it make money?

Sure it does and it beats all the sold systems hands down because it is simple, robust and will always make money as long as markets trend. It’s a simple breakout strategy which is a timeless way to make money.

So why don’t more traders use it?

They like gimmicks, unrealistic claims and are duped by clever advertising copy. These traders forget that the proof of any system is in its performance and they like the made up sold track records.

The savvy trader though knows, a system like the 4 Week Rule will make money and they use it long term to pile up big long term profits and enjoy currency trading success.

Don’t fall for the hype, get the real deal - a free system the top traders use and have been using for over 25 years to make big Forex profits.



Forex Trading