Monday, September 06, 2010

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Metatrader Expert Advisors

Free Expert Advisors

Phoenix - This is a complicated meta trader expert advisor and it uses multiple MetaTrader indicators including moving averages and envelopes to determine the entry and exit points as well as position parameters. It also utilizes an advanced stop loss method to take profit. Download

Otkat - This Forex robot is range based and takes advantage of pull-backs occuring during intraday trends. It utilizes oscillator overbought and oversold conditions to signal buys and sells. This is also a very time dependant EA and takes profit based upon the length of time in a trade, it will not trade on Monday or Friday, and will only open trades at the beginning of the trading day. >Download

Artificial Intelligence - This expert advisor is not a true artificial intelligence system, but it does have a simplistic intelligence mechanism using the Accelerator / Decelerator to find entry and exit points for a trade. Download

Binario - This uses a set of moving averages created from the high and low of the periods. It looks for entry and exit points based upon the movement of these moving averages. Download

 

Stealth Forex

About Stealth Forex

Now, I didn't hear too much about Stealth Forex (I heard about fap turbo and Forex mega droid) until I began researching Forex robots and automated systems thoroughly. I have yet to read a bad thing about this Forex system, the only thing it lacks is a marketing team as good as Fap Turbo's. This system gives very clear indicators of when you should buy and sell, and has incredible trading flexibility, you can even personalize it to suit your own trading style.

This system is different from the fap turbo and Forex mega droid. This is an automated system instead of a robot. It gives you indicators, but you must trade them yourself. This allows you the flexibility of being notified of a trade and then you can verify the indicators with the Forex experience you have. This is a case of man working with machine rather than machine working for man. I believe this is the best strategy to take when approaching the Forex market.

Who can Use?

This is definitely a more advanced system than Forex mega droid or fap turbo. You have to monitor the trades, it will give you profit points and stop losses if you use a medium or long term trading strategy, but the day traders will have to constantly monitor the system for trading indicators. This trading system is for the intermediate to experienced trader who is looking for a secondary set of eyes to help them trade.

Profit Potential

This system has a lot more profit potential than the other two forex robots, simply the combination of robot and man will always win out over a purely automated system. Yes it's a bit more work, but the gains will be much greater.

Price

This is the most expensive of the three systems at $199. So again, if you are not serious about trading, go with one of the forex robots instead. This system is only for traders.


Click Here to Download Stealth Forex
 

Forex Megadroid

Earnings Potential

The Forex mega droid is not as aggressive as the fap turbo system. I've found that the Forex mega droid makes much less trades, but has a much better winning percentage. This system uses an incredibly narrow set of parameters to make its trades. The result is less trades, but less losses as well.

As with the fap turbo, broker choice is key. Forex mega droid won't trade if the spread is greater than three pips. This is a case of a slow and steady winning the race. You will not make the gains that fap turbo can make, but you will not incur nearly as many losses either. So it comes down to your trading strategy. Fap Turbo and Forex mega droid can be used in conjunction to reduce risk. Many traders on the droid forums combine multiple Forex robots with great success.

Forums are the Key

I encourage you to read these forums as they contain vital information to the success of your Forex robot.Forums are key, since there is a lot of information the marketers don't want you to know. Marketers always been statistics in their favor, the forums will tell you the truth about the robot. Whenever you test out any Forex robot, read what people have to say about it, since most of these companies have a money back guarantee if you don't like what people are saying behind the curtains just get your money back.

Who can Use?

I'm going to say the same thing here, as I said in the fap turbo section. Intermediate to advanced traders will always get more of these Forex robots because they understand how to set them based upon the market. Having a fundamental understanding of the Forex market is vital to any success when trading with or without a forex robot.

Settings and Training

Forex mega droid has a relatively simple install and excellent structures on how to do it. They boast a 5 minute install, but you really should thoroughly read the manuals, study the material they give you and you will have an excellent idea of how to use this robot. Then it's up to you and your knowledge of the Forex market to tweak the robot and choose the best environment (broker) for to perform.

Price

The Forex mega droid currently retails for about $97.


Click Here to Download Forex Megadroid


   

Fap Turbo

Earning Potential

There is no guarantee of earnings with any of these forex robots. No forex trading system or robot is 100% perfect, the amount of success you obtain with FAP TURBO depends on you and the settings you choose. You may lose when you trade in the currency market. But I am sure you already know that.

The FAP Turbo creator mentions profits of $1,000 to $3,000 per day. Another FAP Turbo user's trading account that I have seen on the internet shows over $35,000 in about forty trading days on a $5,000 account. These are very big figures and they raise sceptical thoughts in even the most optimistic of minds.

When a site or a blog makes such a huge claim in order to sell their product or service, they need to back it up with proof on request. That is a a legal requirement. So I believe we can be relatively certain that with a high profile product such as FAP Turbo, the screenshots on display on the Fab Turbo website are real.

For Which Level of Trader?

FAP Turbo is not for completely new forex traders, but it will work wonders for intermediate level traders and above. This simply means to get the best out of FAP Turbo you need to know the basics of forex trading. There are so many settings to choose. It's true that the complexity and number of options available to Fap Turbo is its major strength, but in order to utilize it properly, you have to know the basics of forex trading.


I have seen some FAP Turbo reviewers going as far as saying that beginners can use the program. I simply do not agree with this. If you are a new forex trader who is willing to put in the required time to learn the basics of forex trading, then maybe getting FAP Turbo in the beginning is acceptable. However,if you are just looking to get rich quick, then FAP Turbo isn't for you. You have to put in some work to learn about the market, this is generally the truth for any market where money is involved, but your returns from FAP Turbo will be much better than if you use the default settings.

So what I would advise is, new traders or beginners can get go ahead and get the program, but they shouldn't expect to be making $1000 a day instantly. Set aside some time, study all the FAP Turbo videos before you start using it. Read all of the documentation and the Frequently Asked Questions ( FAQ) as many times as it take for you to understand it.  Finally read the FAP Turbo forum, there are tons of useful tidbits written by other users. And most importantly, don't give up when you run into trouble while trying to set up the program! Just ask questions on the FAP Turbo forum or call their Telephone support.

Settings and Training

There is a 5 video series that covers how to set up FAP Turbo plus a FAQ section on the FAP Turbo website. The videos are short, easy to understand and very professional. They don't waste your time and should be easy for a forex beginner to understand. No technical experience is required.

The Videos cover all of the following topics:

1. How to Choose a good forex broker and Metatrader4 setup
2. FAPTurbo Easy Installer Setup Wizard.
3. Activation of FAPTurbo and proper settings.
4. Scalper Strategy System and settings.
5. Long Term Strategy and settings.

There is also full telephone support which is very unusual with this type of program and it is definitely another reason why it is the best among other forex systems.

Requirements.

Like most other forex robots, FAP Turbo runs on the MetaTrader4 platform which requires windows 200, Vista or XP.

Price

At the time of this review there is a limited time offer price of just $149. You may need to visit the FAP Turbo Website to find out the current price as the price may have increased by the time you read this. Note that this is a one-time payment and not a monthly fee.

Upgrades

For an additional monthly fee, the program can be hosted on a central server instead of on your computer. This implies that you can turn off your computer without worrying about whether you internet connection may go off while you are sleeping or not near the computer - you don't have to be afraid of missing any important trade(s). If you are a new forex trader you might not want to get this hosting upgrade right now, but set up the forex robot and try it out with a demo account first. If you like the robot, you can always get the server later.

100% Money Back Guarantee

This is the best part - if you need a refund of your money for some reason you will automatically be refunded on request from the vendor clicbank within the first 60 days. You don't have to negotiate with the creators of the program.


Click here to download your copy of Fap Turbo

   

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