There are top 5 forex trading robots:
1. FAP Turbo
Fap Turbo took the industry by storm when it
was released on 25 November 2008. The creators of Fap Turbo promised to deliver
the most advanced Forex trading robot there has ever been on the market and so
far they have not dissapointed the thousands of traders that were eagerly
waiting for the launch. The reason why Fap Turbo is so popular is the fact that
it offers a system that is more profitable and safer than the famous Forex
Autopilot.That is exactly what the market wanted.
Instead of using backtesting reports to proof how profitable
their system is (like everyone else does), the Fap Turbo creators have so much
faith in their product that they publish real time statements of their own live
accounts on the Fap Turbo homepage for everyone to see.
Another thing that is very unique about Fap Turbo is the long
term commitment of the developers and owners of the system. Fap Turbo is
definitely not a product that will just disappear.. it is here for the long run
and the creators are very committed to help every one of their users make money
in the future
2. Forex Megadroid
Forex Megadroid was launched by Albert Perrie
and John Grace on 31 March 2009 and the buzz around this product launch was
almost as big as the Fap Turbo launch last year. According to the creators,
Forex Megadroid uses a new technique called Reverse Correlated Price and Time
Analysis which they guarantee that for every dollar you deposit into your Forex
account will be at least quadrupled.
Another unique feature about Forex Megadroid is the built in
broker protection feature. There is a widespread belief that most Metatrader
brokers trade against their clients and that, coupled together with things like
high spreads, offquote errors and slippage, it has become very extremely
difficult for a trading robot to consistently make a profit. Forex Megadroid is
the first robot ever to be released with a broker protection or anti-broker
mechanism.
3. Forex Autopilot
Forex Autopilot was one of the first
commercial Forex Trading Robots to come onto the scene and it was by far the
most popular product on the market before the launch of Fap Turbo. This forex
robot uses various different indicators to identify trends on the EUR/USD
currency and the result is an extremely accurate system that has a success rate
of more than 90%. One of the big problems with Forex Autopilot is the fact that
trades can sometimes go into large drawdowns of up to 500 pips and more. This
does not happen often, but it does happen.
4. Forex Funnel
Forex Funnel is another automated Forex trading
system like Fap Turbo, but with one major difference - it uses a much more high
risk/high reward approach to trading. Forex Funnel uses a variant of a famous
gambling strategy called the Martingale principle in it's trading approach.
When used in Forex trading, the strategy effectively has a 100%
success rate, meaning there are no lost trades, but there is also the risk of
losing your whole account on one trade if you don't have enough capital to work
with.
5. Pips Leader
The Pips Leader Forex robot is not as well
known as the other products on this list.The Pips Leader robot uses a
"basket trading" strategy, which can be extremely profitable and low
risk if you understand the margin requirements and enforce strict money
management rules. The core of the Pips Leader system relies a lot on hedging,
so make sure that you select a broker that allows hedging before opening a live
account.
Pips Leader can have up to 30 open trades at any given time and
the key to success with this system is to understand the margin requirements.
Top Forex Robot [http://www.topforexrobot.org] : As Seen on CNN,
CNBC and FORBES Money
If you'd like to try an Automated Forex Robot that has been
proven on video to double the deposit of my trading account in under 1 week,
visit my site and see the Top 3 Forex Robots and learn how you can TRIPLE your
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Robots Via my Forex Robot Review sites. Updated Daily! Also See: Forex
Megadroid Vs FAP Turbo [http://www.topforexrobot.org] Vs IVY Bot
Article Source: http://EzineArticles.com/expert/Steve_Leigh_Martins/403147