Best forex scalper robot
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At first I struggled in guessing and learning the signals in Fx trading. Then the software named Forex Profiter solved the problem to discover the signals which made me to achieve profit in Forex trading quickly. This is not a self-promotion, I just can't stop myself from detailing it's functions due to the profit I obtained from forex profiter. Just google search: "Forex Profiter V3.1" to know more about it. Now I will explain the answer for your doubts.
What is Forex Scalping?
Forex Scalping involves executing trades in quick succession in order to get a lot of small profits from the currency market. As leverage is used to get the most out of fluctuations in the forex market, scalping is a way to make a lot of money with small movements in the market. Forex Scalping generally is better executed by a forex robot as humans are just too slow to take advantage of these small movement.
Why Forex Scalping is such a good Strategy
When you use forex scalping as your strategy you can use a very strict risk management strategy. As you are targeting a small amount of pips you can also set your stoploss very low and therefore risk very little of your equity. Although we are obviously biased we beleave that forex scalping is the best strategy for the currency market especially when programmed into forex robots.
You claim this is the best forex robot, got any proof?
We claim and truly believe that this is the best forex robot available to retail traders. I have personally lost a lot of money with forex robots and that’s precisely why I started developing my own. I trade ALL my live accounts with FSR and have not found anything to be close when it comes to consistency or profitability.
What makes FSR the Best Forex Robot?
Well simply put, it works ! This is more than 98% of all forex products on the market. Secondly, it is self-adaptive. I know many robots claim to have this built in but that is simply not true. FSR has many great features that update themselves by analysing the results running on various different accounts with different settings. This means that FSR works in all market conditions and this makes it the best forex robot available to retail forex traders.
We have done it! We have created the best forex scalping robot by using smart exit technology. This has only ever been available on one forex scalping ea before. So how did we come up with the system. To be hones it was mostly through trial and error. Over the last 3 years we have been testing variations of our robot. Some more successful than others but in the end we came up with the goods.
The building of our forex scalping EA
So when we came up with the original philosophy for our forex scalping robot we decided that we had to create something special which gives us high reward on very low risk. The only way to perfect this was by going the scalping route. A scalper allows you to trade high volumes at low risk with an infinite upside.
Challenges facing a forex scalping robot
The first issue and the biggest is slippage. Slippage makes it very difficult to scalp and it is not easy to pick up. The only way to avoid this is by getting a good honest broker with great trading conditions. We were able to find this in TradeView Forex and that solved half our problem.
The second issue is that when using a forex scalping ea in currency trading you need to give it enough room to trade to the upside while still requiring to lock in profits pretty quickly. Finding this balance was the key to the success for Forex Scalping Robot v3.0. We have found an intellegent way to trail the profit while still giving enough space for free movement.
How do you know FSR 3.0 is the “Real Deal”?
You are welcome to download a free copy of Forex Scalping Robot v3.0 and test is against other forex scalping eas. We will guide you through the setup process and even do a remote installation if necessary. Get FSR 3.0 today, you will not be dissapointed! Your only true forex scalping robot will destroy all other forex scalping eas.
Forex Scalping Robot 8.0
So we are officially launching forex scalping robot 8.0 in February 2017. I still believe that forex scalping is nearly impossible in the long run when trading currencies manually. Automated forex scalping is the only way to scalp and the only way to trade for that matter. We have tested various forex trading strategies over the last 5 years and it has always proven to be scalpers who came out tops.
Forex Scalping Robot 8.0 – What is new?
We saw quite a volatile year last year. This can be seen when backtesting Forex Scalping Robot 3.0. Great start to the year and then, just to bring us back to earth, a miserable last quarter. Yes, we ended up in profit but that’s not what we are striving for. We want a consistent robot which has an amazing equity curve and we will achieve it. Although we are not after a massive amount of pips, we like to maximise the pip value and that is really where our profit comes from. We have had to make several changes to our forex scalping robot, so much so that we have jumped from ver 3.0 to ver 8.0 in a matter of 3 months. Here the new goodies :
Hunting Profit : The opposite of a Trailing Stop
Accelerated Trailing Stop : Tick Trailing with the option of acceleration beyond x pips.
Reverse Trades : Takes advantage of the pullback after a spike.
Market Recognition : Recognizes different market conditions and applies different parameter inputs.
The major issue with the artificial intelligence (market recognition) is that it limits backtesting capability which is a must for many prospective clients. We will add this feature in ver 9.0 which will probably be released around June this year. We cannot wait for you to join our community of successful forex scalpers !
How do I get my own forex robot ?
Firs of all you need to come up with a trading strategy i.e. A set of rules that determine when you will buy and when you will sell. If you have a strategy it can be automated through coding thus producing a forex robot. You may think that this is only true for people who can code, luckily this is not the case and that is because there are hundreds of great coders that specialize in coding robots and their fees are often very reasonable.
Are forex robots risky ?
You may have heard people saying forex robots are risky, the fact is that it depends on the robot. 94% of all hedge fund trading is done through the use of robots / EAs. If they were not effective why would the “big boys”use them? The second point is that any trading strategy that can be manually traded can be automated and this means that if there are successful traders out there, there has to be successful robots. Having said that, if you do not understand the way a robot works you should never trade it on a live account. Take your time to test the robot and find out how the risk management system in the expert advisor works. The risk management system determines how much of your capital is at risk for every single trade. So to answer the question “Are forex robots risky? ” – They can be risky if you use the wrong ones and do not understand the settings.
Are there any commercial forex robots that work ?
The vast majority of commercial forex robots that cost between $49 – $249 are absolute rubbish. There are a few exceptions like our own Forex Scalping Robot, but it is difficult to determine which are good and which not as they all look pretty much the same at face value. Here are a few pointers when looking at buying a forex robot :
- Make sure there is a free trial – If it works why would there be no free trial ?
- Test it on both a demo and live account and compare the results.
- Your broker is key, do some research and choose the correct metatrader 4 broker.
- Make sure that there is a warranty ( at least 60 days )
- Do not trust “verified” results, these can always be manipulated.
Forex Robot – Top 5 List
Well remember that we sell our own forex robot and will be totally biased here, our robot is the best regardless of it being us saying so but if you want to test or compare it with the others on the list to make sure we invite you to do so.
- Forex Scalping Robot
- Everex FX
- Algotrade Soft
- Wallstreet Forex
- Best Scalper
These are all great forex robots and should be in any trader’s toolbox. It is very important to use conservative settings when using different expert advisors on the same account. If you run more than one forex robot on your mt4 account they should be differentiated by identification codes known as magic numbers. This allows the EAs to function independently on the same account without interfering with one another.
The best way to truly test these automated systems is to open a small trading account of between $200 – $500 and then testing all the robots at the same time. The key is to use a small lot size, preferably 0.01 lots per trade. Do your testing for at least 2 months to determine which of these strategies combined work the best. You may find that one forex robot out trades all the others by a large margin, you can keep that robot and use it exclusively for all trades.
The ideal scenario however is to find different forex robots which compliment each other. This allows you to spread the risk over different strategies which should in theory give you a smoother equity curve with lower draw down. The absolute largest factor is patience, have patience when testing a forex robot as it may seem really good over 5 trades but is terrible over the long run and conversely the expert advisor may seem terrible over 5 trades but is fantastic in the long run. Be patient while researching and testing and you are bound to find the best forex robot.