The Reality of Making Money With Forex Robots (part 1)

When we talk about Automated Forex Systems, the temptation is to think that you pick up one of these little robots, plug it in, and suddenly cash comes rolling in.

Sounds nice, but what is the reality of creating a profit from these little bits of programmed software?

The makers of most of the Forex Robots out there are quick to boast of their track record of making profits. But if you look closely, most of these Robots have shown great success in their back-test results, but can show no evidence of their success in live trading.

The companies backing these systems expect the unsuspecting buyer to believe this evidence proves that their robots will make them real money. In reality back-tests in themselves are worthless.

I need to make myself clear here. Back-tests are worthless unless you can validate them with live trading.

One Forex Robot has been backtested for 9 years, which means it was rigorously put through over 9000 trades. Not only that, in live trading it has been consistenely winning 85 to 100% of its trades!

You might ask, “What does that mean?” Here’s my point: If you back test a Robot and it shows 100% “demo” proof month after month, it should produce around 80-100% profit in live trading.

So when you’re shopping for a Forex robot, make sure you buy one that has a real and proven track record over time in live trading. What you are looking for is a system that will build you profits for the long run.

In my next article we’ll continue to discuss the reality of making money with a Forex Robot.

Categories: Robots  |  Tags: Automatic, Currency, Forex, Investing, Market, Profitable, Robot, Scalping, Scams, Systems  |  No Comments »