Successful Forex Robots - 2 Simple Tips To Spot The Minority Of Winners
Most Forex robots lose money and that's a fact. You get big claims from all of them but if you want to separate the winners from the losers, simply use the two points enclosed and they will save you from losing with a robot and help you find a profitable one.
In a moment we will give a successful Forex robot which we consider the best but first, let's look at how to spot winners from losers.
1. An Independently Verified Track Record
You would expect robot vendors to show you they had made money in real time trading and have the track record checked by a reputable independent body but most don't, all you get is:
A Simulated track record going backwards on paper knowing all the closing prices! That's so easy a kid could do it.
or:
The vendor will claim real gains in the market the so called "live results" but these come from the vendor themselves! In any investment, you should be given an independent audit but most vendors simply expect you to take their word for it.
2.The Background to the Vendor
Normally, robots are made by programmers NOT traders and even the ones who claim that they have been developed by traders have not; for example many of the so called traders were revealed as actors and some have to be anonymous according to the vendors for various reasons but the real reason is - they don't exist. Very few Forex robots, have been developed by traders and that's a fact.
Best Forex Robot - One From a Trading Legend which Has Made Hundreds of Millions of Real Dollars!
The Turtle trading robot is one based upon the rules developed by trading legend Richard Dennis for the so called "Turtle Experiment" where he took a group of people with no trading experience, gave them a set of rules to follow and the rest is history - they made several hundred million dollars in real time trading. This is one of the most famous trading experiments of all time and is well documented, in the international and financial press
The Turtle robot is based on a set of rules that made and still makes huge gains and you have the comfort of knowing, the person who developed the rules was a real trader.
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