A no loss forex robot, 100% risk free forex trading, sounds like a dream come true. However one man, Don Steinitz believes he has found the solution. After practising his trading style manually and talking about it on a popular forex forum, he decided to see if he could automate it.
This he did with a Chinese programmer who kindly and without charge built Don a working prototype. When he tried it he couldn’t believe it. Every single trade that the robot initiated made a profit. Don wanted to be certain that this was not a fluke and issued the code as open source so that others could check it out. He then went on to seek voluntary contributions from the web and employed a programmer to create his working version. Don Steinitz claims that in back testing and since he has started running his software live he has consistently traded without loss. And as more and more people have started using his software, it has become more and more popular through referrals.
Steinitz uses the principles of Gann’s theory that the markets are essentially geometric. The shortest time frame is the one in which you will trade, and then, there are two longer time frames to put each one into proper perspective. Coupled with the use of the Heiken Ashi smoothed Indicator, the software is able to give an early indication of a counter trend allowing the software to get into the market early and benefit from the counter trend.
Steinitz is not hesitant about proving his results and explaining how his forex robot works. For anyone considering investing in forex automated software, it is essential that they first, fully understand the risks of trading on forex, and second have a good idea of what they are buying as a forex robot. Remember though, that the price of these robots for many forex traders is probably less than they invest, and on occasion, lose, on a daily basis.
Other forex robots such as Fapturbo and the Forex MT4 Expert Scalper also boast astonishing success rates, both claiming to more than double the initial investment traded on a monthly basis. One of these is $50 cheaper and the other is five times more expensive. As their don’t seem to be any clear cut methods to determine how to decide which is the best forex robot, at the end of the day it is up to the individuals own judgement about which forex trading robot to invest in.
If you want to know more about forex, find out about the latest Forex Robots and get a free 114-page guide for new and home traders, visit www.forex-wizard.info Craig Summer is an Internet Publisher and Author.
Craig Summer is a professional Internet marketer and author. To find out more about how you can generate multiple online income streams visit
http://www.creditcrunchcommando.com
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