So are Forex Robots and Metatrader Expert Advisors truly Forex made easy? Absolutely, however they are not a magic, infallible, money-making system that some marketers would have you believe. These robots are simply automated trading strategies. Some are better, and some are worse, but none are infallible. These Forex robots are created to trade under very specific market conditions which gives them a high rate of success.

There are certain variables that can help you to reduce the amount of losing trades your forex robot makes. Yes, losing trades, you will not win every single time, but Forex robots win more than they lose. That winning percentage is a result of consistently executing their plan. Eventually someone will come up with a magic trading formula that will always be correct, but until then we have good trading robots such as fapturbo, Forex mega-droid, and stealth Forex. Each of these systems can make you money provided you follow a few simple rules.

Find the Broker with the Lowest Spread for when your Robot Trades

This is an absolute must, this one thing alone defines the performance of many Forex robots. Read the forums on the site of whatever robot you buy. These forums have a lot of useful information including when your robot usually trades, and which brokers are the best for pip spread. Fapturbo for example trades only a handful of currencies during early-morning Asian session where there is very low volatility and easily predictable price movement. Forex mega droid on the other hand trades many hours, but looks for very very very specific market conditions. FapTurbo will make several trades per week whereas the Forex mega droid will make only make a handful.

Don't turn on the Robot during times of High Volatility

When the markets start whipsawing every which way, forex robots have a difficult time trading. Conservative robots like Forex Megadroid probably won't trade at all during this period, and a Fapturbo with an aggressive setting may try a trade, but immediately get stopped out. Simply do not trade on big news days if you rely solely on the robot, there is no reason to risk it.

DO NOT TRADE WITH THE DEFAULT SETTINGS

I can't stress this enough, some forex robots are actually popular enough to sway a trade during times of extremely low volotility. Imagine 10,000 robots simultaneously executing an order because they all have the same settings. This is one reason that the Fap Turbo team releases new versions of slightly modified trading strategies regularly. Not only to keep your strategy current, but also so that there isn't a great number of robots with the same exact settings trading simultaneously. You should learn enough about the basics of trading from the free forex training section to understand how to change the settings of the robot. If anyone were to publicize the "perfect settings" then everyone would use them and render them less useful.

Have Reasonable Stoploss and Risk Settings

Do not let the robot automatically place your stoploss. Some robots have a feature where they only place the stop loss when the price reaches a certain point. You want to make sure the robot places a fixed stop loss on every trade. If you automate and for some reason your computer is down when your stoploss normally would've been hit you can stand to lose some money. This can be fixed if you purchase a hosted robot, and this can be a good option if you don't want your computer running 24/5. Additionally, use what you have learned about risk management and lot size to set reasonable risk management rules for your robot.

Use it on a Practice Account First!

It is of vital importance that you learn everything there is to know about these Forex robots before you use them on a live account. They require the meta-trader 4 platform. Which is not as new-trader friendly as some of the other trading platforms. When you sign up for a Metatrader 4 practice account, you must give your forex robot a reasonable yet realistic amount of capital to start with. If you give a Forex robot $500 to work with it doesn't have a lot of room to trade. Using proper risk management rules, set it up to trade with at least $1000-$2000 on your practice account. Tweak the robot's parameters until you find it is consistently pulling in good gains. Then you can risk trading with real money.