| Two of the biggest products available in the Foreign | | | | The idea behind the creation of Forex software is that |
| Exchange Market's automated software offerings are | | | | these robots can either suggest or make trades |
| the Forex Megadroid and FAP Turbo. Both products | | | | based on back testing. The problem is that since the |
| are relatively new and have been tested during an | | | | market is unpredictable, these conditions under which |
| extremely volatile economy. Traders, both experienced | | | | the system tested may not be the actual future |
| and novice have been providing comments since | | | | conditions. In other words, the most effective software |
| these robots were introduced, and many more are | | | | will be the ones that can evaluate and react to current |
| interested in what they have to say. | | | | conditions quickly and make appropriate trades. |
| The FAP Turbo is based on the ability to read the | | | | The Forex Megadroid has two features that the |
| trends of the past and make appropriate trades | | | | designers say will accurately react to the market |
| assuming that the current market is similar to a past | | | | conditions and make successful trades. These two |
| market. The FAP Turbo evaluates the current market | | | | features are the Reverse Correlated Time and Price |
| conditions and tries to find a period in the past that is | | | | Analysis (RCTPA). This is the component that allows |
| similar. It then makes trades based on those same | | | | the robot to analyze the past to determine future |
| conditions. | | | | market activities. The other feature is Artificial |
| The Forex Megadroid also reads trends of the past | | | | Intelligence, which allows the Forex Megadroid to learn |
| and is constantly evaluating current market conditions. | | | | from its own past actions and make changes to future |
| Like the FAP Turbo, the Forex Megadroid also is able | | | | trades. |
| to determine the information to make a trade and will | | | | Regardless of the program you decide to use, Forex |
| go ahead and make the trade without human | | | | robots use complex calculations to review past |
| interaction. However, the Forex Megadroid has artificial | | | | market and economic conditions to try to determine |
| intelligence which allows it to evaluate past trades and | | | | current trends and make trades. The calculations are |
| make changes if a trade was not successful. This | | | | done much more quickly than humanly possible, and |
| allows it to limit losses and increase chances for | | | | the chances of making successful trades are |
| profitable trades. | | | | presumably much better. However, before you decide |
| The foreign exchange market is constantly changing, | | | | on any robot, it is prudent to research their overall |
| and in an unstable economy it is even harder to keep | | | | reliability and performance, as well as historical |
| up with all of the changes and try to trade accurately. | | | | accuracy. |