Everyday there seems to be a new Forex Robot that "beats" all the rest of the Forex automated software systems. Yet, everyday there are more and more disappointed buyers of these robots. The buyers become disenchanted because the software simply does not live up to its creators' claims.
Many of the robots for sale today will give you profits for a few days, yet instantly, you may have your account wiped out and you will be scratching your head trying figure out what happened. This is why so may people who use robots for trading are ever searching for the One that Works.
Frankly, there are really only two Forex Robots on the market today that come close to what the sellers claim they can do: FAP Turbo and MegaDroid. After doing intensive research on this type of software, I have found these two products (that are under $200), have some the highest ratings among Forex Robot buyers.
Since it's original release, FAP Turbo has been sold to over 65,000 traders, and has hundreds of unsolicited reviews. The majority of users are very happy with it, especially if they are running the "scalp" strategy.
For example, one reviewer revealed that during a two week period the software completed 67 trades in all, resulting in 63 winning, 3 losing, 1 break-even. The total Pips were 534 with average pips per trade of 8. Even though he set the robot at very conservative settings, his money account increased 10.8% -- not bad in two weeks.
The biggest complaint seen over and over again (about 2 out of 10 reviews), with FAP Turbo, is people are getting their accounts shutdown and banned. Brokers are able to tell that the traders are using a robot for automated Forex trading. And Forex Brokers hate winning robots. It is probably based on how the traders are setting their robot, therefore that leads me to believe there may be a workaround.
On the other hand, there is MegaDroid Forex Robot -- the new "kid" on the block of robots that actually work in making you money. Although this software is relatively new, it is getting excellent reviews with a few complaints.
Yet, MegaDroid addresses the problem of brokers closing accounts. It is 100% undetectable to brokers. It will also protect your account from unethical brokers as well. The robot is built with safety and security functions that are found no where else. These functions are incredibly important for your money and account's welfare.
MegaDroid's creators claim it can "see" into the near future of 2 to 4 hours at 95+% accuracy over the long term, therefore it can make the best trades. Other robots work based on historical data.
It can almost be deemed a different "beast" than any other currency trading automated software in that it is invisible to brokers, uses "future" data for trades instead of historical, automatically adapts to multi-market conditions and if set properly, will provide profit for your accounts over the long term.
Another way it is very different, is it trades very little on a daily basis, only one, two or possibly three trades a day (good ones most of time, though).
And, that is where the complaints come in. Most Forex robots buyers expect their software to make tons of trades daily with big profits. The MegaDroid does not do this, it is slow, yet it profits. It is consistent, wins are not spectacular, yet it profits.
In summary, FAP Turbo continues to receive good reviews, and people can sometimes make money pretty fast. Although, people also lose their accounts, or they can lose their money quickly.
MegaDroid is slow and steady. If the trader wants consistency and is patient (and has the right settings), they will see their account get bigger and bigger.
As a Forex robot buyer, you need to decide if you are a turtle or a hare. Just remember who won the race.
Many of the robots for sale today will give you profits for a few days, yet instantly, you may have your account wiped out and you will be scratching your head trying figure out what happened. This is why so may people who use robots for trading are ever searching for the One that Works.
Frankly, there are really only two Forex Robots on the market today that come close to what the sellers claim they can do: FAP Turbo and MegaDroid. After doing intensive research on this type of software, I have found these two products (that are under $200), have some the highest ratings among Forex Robot buyers.
Since it's original release, FAP Turbo has been sold to over 65,000 traders, and has hundreds of unsolicited reviews. The majority of users are very happy with it, especially if they are running the "scalp" strategy.
For example, one reviewer revealed that during a two week period the software completed 67 trades in all, resulting in 63 winning, 3 losing, 1 break-even. The total Pips were 534 with average pips per trade of 8. Even though he set the robot at very conservative settings, his money account increased 10.8% -- not bad in two weeks.
The biggest complaint seen over and over again (about 2 out of 10 reviews), with FAP Turbo, is people are getting their accounts shutdown and banned. Brokers are able to tell that the traders are using a robot for automated Forex trading. And Forex Brokers hate winning robots. It is probably based on how the traders are setting their robot, therefore that leads me to believe there may be a workaround.
On the other hand, there is MegaDroid Forex Robot -- the new "kid" on the block of robots that actually work in making you money. Although this software is relatively new, it is getting excellent reviews with a few complaints.
Yet, MegaDroid addresses the problem of brokers closing accounts. It is 100% undetectable to brokers. It will also protect your account from unethical brokers as well. The robot is built with safety and security functions that are found no where else. These functions are incredibly important for your money and account's welfare.
MegaDroid's creators claim it can "see" into the near future of 2 to 4 hours at 95+% accuracy over the long term, therefore it can make the best trades. Other robots work based on historical data.
It can almost be deemed a different "beast" than any other currency trading automated software in that it is invisible to brokers, uses "future" data for trades instead of historical, automatically adapts to multi-market conditions and if set properly, will provide profit for your accounts over the long term.
Another way it is very different, is it trades very little on a daily basis, only one, two or possibly three trades a day (good ones most of time, though).
And, that is where the complaints come in. Most Forex robots buyers expect their software to make tons of trades daily with big profits. The MegaDroid does not do this, it is slow, yet it profits. It is consistent, wins are not spectacular, yet it profits.
In summary, FAP Turbo continues to receive good reviews, and people can sometimes make money pretty fast. Although, people also lose their accounts, or they can lose their money quickly.
MegaDroid is slow and steady. If the trader wants consistency and is patient (and has the right settings), they will see their account get bigger and bigger.
As a Forex robot buyer, you need to decide if you are a turtle or a hare. Just remember who won the race.
Learn more about the best forex robots [http://forexrobotstrading.com] that even those new to Forex Trading can setup and use to begin profiting with Forex currency trading by visiting [http://forexrobotstrading.com]
Elizabeth Jonas, Copyright 2010
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