| The vast majority of forex robots lose money and this | | | | wont work. |
| is despite the fact they claim to have made big money. | | | | Data never repeats exactly the same again so the |
| If you are wondering why they lose, its due to curve | | | | fact that you have bent the rules to fit one piece of |
| fitting. If you don't know what it is read on. | | | | data doesn't mean it will work on another piece of |
| First of all let's reveal the truth about all those stunning | | | | data and of course, when your trading you can't |
| track records you see with huge gains that look to | | | | change the rules. |
| good to be true well, they are. The reason they look | | | | Any trader if they are looking at forex robots or |
| so good is they have been designed looking | | | | building their own system needs to be mindful of curve |
| backwards, testing over price action that's happened! | | | | fitting. |
| That's it - there actually made up on paper and never | | | | To avoid it look for the following in a track record to |
| been traded. Track records normally carry this | | | | prove its not curve fitted. It should only have a few |
| standard warning. | | | | rules and they should be the same all the time, for all |
| "CFTC RULE 4.41 - Hypothetical or simulated | | | | market conditions and work on all currencies in the |
| performance results have certain limitations. Unlike an | | | | same way. |
| actual performance record, simulated results do not | | | | The above will ensure a robust system but you wont |
| represent actual trading...." | | | | find this in most of the robots you see for sale online. |
| It then goes on for bit longer, explaining how these | | | | Finally |
| track records don't indicate future profits - but that's | | | | Forex robots have a bad reputation - but there are |
| obvious, they are worthless - like most forex robots. | | | | some real track records out there, with good solid real |
| Now let's look at why simulations never work in | | | | gains and this means they have some results you can |
| practice. | | | | look at and see there potential. Don't ever trust a |
| Some vendors don't care if the system makes money | | | | forex trading system with a simulated track record, as |
| or not - but others do and genuinely try to make it | | | | its probably curve fitted, go for the evidence of real |
| work and simulate a system but they make they end | | | | cash made. |
| up bending the rules to fit the data and this of course | | | | |