Forex Automated Day Trading-The Best Forex Automated Robot

Is forex automated day trading a reality or is it a pipe dream? Having tested many trading systems and software, I have come to the opinion that the bulk of them while perhaps profitable in the near term, aren't worthwhile over the longer term. But don't despair though rare they do exist.

In any business that deals with earning money there's a lot of snake oil out there, there are nevertheless some systems that essentially work. It is just a matter of separating the wheat from the chaff.

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Here are some things to consider-

What's the percent of winning trades?
You ideally want to see a system that has a consistent winning track record of seventy or more over the course of ten years or more. If it is less than ten years you'll probably not have enough info to be sure the system will trade well over the long run.

What is the risk to reward ratio?
You can actually have a successful system that only wins forty or 50% of the time provided that they win big enough when they do win. However it can be psychologically difficult to have that many losing trades. As a rule of thumb you would like to see a system that has at least a 70% win rate with a one to three risk to reward ratio. In other words for each dollar that you are risking you need to have a good chance of making $3.

A good place to find a trustworthy trading programme is at the forum at ForexPeaceArmy.com. Here you 'll find unprejudiced reviews of brokers, signals, and trading systems. The second place that I'd take a look is at ForexRobotTrader.com. This is one robot that has shown consistent results for a few years now and the account is traded in real time with real results. It has also done well at the Forex Robot World Cup Championship

The difficulty with most of these automated day trading programs is that they cannot show you real time information, and have only back tested results. While back testing is significant it is not everything and it doesn't always translate into actuality. So if you would like to discover a forex automated day trading software then be certain and look for one that has real time results with real, not simulated money.