What is the best Forex robot on the market and does it work?

by David Jenyns on August 28, 2011

Question by hansackd: What is the best Forex robot on the market and does it work?
I heard that a new robot has just been released (RCTPA driven Forex Megadroid). There are quite many robots on the market. What is a Forex robot anyway? Which one is working? I have heard many good things about Forex auto pilot turbo. I would like to know which one is the most reliable. Thank you.

Best answer:

Answer by Mark K
First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say “95% winner”. Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months – a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

Good trading!

Mark

What do you think? Answer below!

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C J August 28, 2011 at 11:19 am

I have just bought RCTPA Forex Megadroid. It is new so no one can tell for sure whether it is the big deal that it seems to be. All I can tell you is that I bought it 2 weeks ago and that I like it. It is very simple to use (plug and play). In a few minutes I had installed it and got started (on a demo account of course). My demo account has more than doubled (+249% to be precise). I intend to keep practicing for a while before going live because I know I have to get familiar with all the settings and the system but so far so good.

Brian A August 28, 2011 at 11:34 am

Have been trading on forex autopilot turbo for 4 months now. I recommend it to you.

http://www.forexapt.com

praet_serge August 28, 2011 at 12:20 pm

forex robot is a technical analysis software and nothing more. it analyses patterns and tells you when and what to buy and sell. There’re lots of agruments about them but… had they worked don’t you think everybody would be using them and never worked???

Chris August 28, 2011 at 12:43 pm

I agree, fapturbo is great. Either that or you can try forex automoney because they have a 3 day trial for 5 bucks. It is not a robot per se but a “signal provider”. Actually I have been using both the forex apt robot and the signal provider. They are sort of complementary and I have my routine with both and it is working very, very well.

http://www.fx-automoney.com

http://www.forexapt.com

Andy003 August 28, 2011 at 1:35 pm

Fap Turbo is the best Robot and is an influential blend of 2 strategies: Short Term Scalping Strategy and Long Term superior FAP strategy. Both strategies are built within one FAPTURBO expert advisor and can be turn on and off with no trouble using Scalper Strategy parameter in FAPTURBO settings.

M D August 28, 2011 at 2:33 pm

fap turbo rules! Ok, this is the only one that I have tried but can it get any better?! Try it!

http://www.forexapt.com

E.G. August 28, 2011 at 3:05 pm

Robots are one way to trade Forex but do your homework in order to understand what is going on. After all, it will be your money you will be working with. That being said, Rctpa forex megadroid is very promising but I have not traded it long enough to reach conclusions.
Forex turbo is THE robot (unless aforementioned Rctpa forex megadroid is as good as its creators claim it is). I also like fx automoney and ambush is right behind. Those are my 4 fav’. BTW, I am a professional trader and doing reviews for a magazine. If you want more info, drop me a line.

Ronald August 28, 2011 at 3:32 pm

Don’t be an idiot!!!
Unbiased comparison of mt4 expert advisors with an explanation about each of them:

http://compareexpertadvisors.blogspot.com/

Christian August 28, 2011 at 3:33 pm

The thing is, RCTPA driven Forex Megadroid is way too recent to know what it is worth. On the other hand, forex ap turbo has proven to be very reliable. So if you want to be safe, stick to the former and if you want to explore new ways, try the latter. Also, I agree with other posts: fx automoney is quite good.

Richard Man U August 28, 2011 at 4:00 pm

Hi Handsack!!

I’m an experienced trader in the Forex market and have tried practically every system out there. Do any of them perform as well as the Forex Auto Pilot System? Not by a long-shot. I’ve been in the industry for 5 years, but the step-by-step success blue prints still taught me a thing or two. I would recommend this product (Forex Autopilot Turbo) to anybody who is serious about earning a substantial income online…

I purchased the FAP Turbo last week and set it up on my already running MetaTrader account. The results are awesome and I could not be any happier. Even with a conservative risk setting of 4%, it still generates close to 300/day. Already 2 of my family members and 4 friends have also made the purchase based on my recommendation. I am so excited to see the account growing daily and I will keep spreading the good word on the FAP Turbo robot!!..

You can refer to this blog which show you a video of Forex Robot Reviews like Forex Turbo and Forex Autopilot Reviews and show you how to make money with Forex Robot

Forex Robot Reviews site and Video:
http://www.hotforexreview.com

Forex Robot Reviews BLOG
http://top-forex-review.blogspot.com

I buy using this link
http://www.fapturbo.com/?hop=nicereview

I also suggest for you to get more information using youtube video..!!

Brendan August 28, 2011 at 4:43 pm

The only one that I’ve been recommended is FapTurbo. The latest version is killer. Look at it here: http://89b18mo5kwtawvbclj5hsw-y6k.hop.clickbank.net/

Daniel August 28, 2011 at 4:47 pm

There is quite a lot of money available in the forex market if you know what your doing.. unfortunately that takes a long time to master.
I definitely recommend metatrader (mt4) expert advisors (robots that trade forex automatically for you)…

For info about the many different brandsversions and types check out this blog:

http://compareexpertadvisors.blogspot.com

JForex15 August 28, 2011 at 5:21 pm

As others have mentioned, forex trading is complex and you really need to know what you are doing or you can lose money. A good hedge against losing trades is using a forex signal software program that helps identify buy/sell signals. These are better known now as forex robot programs.

As a professional trader, I can tell you that Forex robots do work, but it is important to do your due diligence and really compare the features of the available products. Don’t just buy the cheapest one you find, that will be a waste of your time. I put together a good review site that reviews the top three forex robots in the market; check it out first before you buy anything. You can find the review at http://www.forexrobotsite.com

The product I currently used can be reviewed at;
http://www.fapturbo-site.com

Victor_rod August 28, 2011 at 5:24 pm

There are many robots out there I have reviews 2 of the best forex robots on the market

johndr10 August 28, 2011 at 5:51 pm

As far as I know, Fap Turbo is the best

Daisey August 28, 2011 at 6:28 pm

Unfortunately too many people are just trying to make a quick buck with Forex trading. You must remember that world markets are very volatile at this moment in time with regards to the N.Korean nuclear situation. Do you understand that if you were reading an online news bulletin and the headline read North Korean nuclear situation, it is far less alarming than North Korean Nuclear Crisis…stuff like this could determine Forex changes.

Ells August 28, 2011 at 6:53 pm

yes, forex auto pilot turbo is the best, forex megadroid a close second but like others have pointed out, megadroid is very recent.

http://www.forexapt.com
http://www.rctpaforexmegadroid.com/

Jeff B August 28, 2011 at 7:15 pm
Tianna August 28, 2011 at 7:29 pm

If you are looking for website to read more about forex trading, I will recommend

Green N August 28, 2011 at 8:24 pm

FAPTURBO

http://tiny.cc/Forex_Robot

Watch the movie on the above link and you will understand why FAPTURBO is the best forex robot

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