Do Forex Robots Work?

Like most traders you’re probably asking yourself “do forex robots work?” The answer is yes, they doThe basic truth is that with a professional forex robot and the proper setup your trading can improve greatly. Thousands of traders use forex robots every day to find real pips.

But not all forex robots are the same. And how you set them up is crucial to their overall success. Don’t be intimidated though. This guide will help you find your way to real automated pips in five easy steps. Let’s get started.

Step 1: Finding A Forex Robot That Really Works

This is obviously the most important step. To make real pips you’ll need a forex robot that truly works. So how do you know if a forex robot is a winner? By making sure it meets these three criteria:

  • Built upon sound trading theory and logic. No magic tricks.
  • Up-to-date trading results you can view anytime.
  • Created by an established developer.

Do forex robots work?

Do forex robots really work? The Vader Forex Robot certainly does. It is a prime example of an EA making real pips for traders.

Need some help? Here are the top three forex robots that are working well right now. Take a look and see if any of them seem right for you.

  1. Vader Forex Robot
    Logic: Uses daily Fibonacci levels to trade the price coming and going
    Style: Large trades with good frequency
    Performance: Today’s latest trades can be viewed here
  2. Ganon Forex Robot
    Logic: Uses Strand Theory™ system to trade reliable trend shift signals
    Style: Adaptable between high and low frequency
    Performance: View its latest trades by clicking here
  3. Falcor Forex Robot
    Logic: Uses price action to find support and resistance triggers
    Style: High frequency trader
    Performance: Latest trades can be viewed here daily

Step 2: Choosing The Right Lot Size

The biggest mistake new traders make is over trading their account. Example: You attach a forex robot to three charts. You will need enough funding in your account to have at least three forex trades open with enough room for drawdown. Nobody wants margin calls.

Do forex robots work?

Ganon is proof that forex robots work. Using its advanced logic it finds large price movements easily via trend shifts.

All three of the forex robots mentioned above have automatic lot sizing based on your account so there is no guessing on your part. Otherwise you should start small by trading on a micro account. It requires less capital and carries less risk. Configure your forex robot to use micro lots (.01, .02, etc.) and you’ll be on your way to real pips. Once everything is running smooth you can start using larger lot sizes.

Step 3: Choosing The Right Currency Pairs

This step is easy. Find the three pairs with the lowest spreads. Then attach your forex robot to them. Avoid highly volatile pairs like GBPJPY.

Step 4: Using Your Forex Robot Correctly

Pay attention. Most forex traders go astray on this step. We’ve created what we call The Rules Of Automation. Follow them and your forex robot will hum along smoothly:

  • Your forex robot needs to be on and running whenever the markets are open
    24 hours a day five days a week. If this isn’t possible look into using a forex VPS remotely instead.
  • Give your forex robot enough time to grow
    Every forex robot has highs and lows. Let it work and do its thing before deciding to give up on it.
  • Trade manually on another account
    It is important to keep your own forex skills sharp. But don’t eat up funds and bring about margin calls on the same account your forex robot is using.
  • Try different brokers
    Brokers love to step all over forex robots. Open a demo account with another broker and see if you notice an improvement.
Do forex robots work?

When forex robots work their equity curves are a glorious thing.

Step 5: Add A Second Forex Robot

Forex robots work best in pairs. You can smooth out your forex trading instantly by adding a second forex robot. While one forex robot is looking for trades the other will be in the middle of a winning streak. Consider them a team that watch each other’s backs.

So Do Forex Robots Work?

Yep, they do. Use a professional forex robot. Fund your account properly and use a safe lot size. Choose the right pairs. Follow The Rules Of Automation. And you’ll be on your way to better forex trading.

Our #1 Choice For Pips Right Now

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