| Today there are a lot of Forex robots which claim to | | | | successful trading. In real time trading, no two pieces of |
| have mathematical algorithms which can predict prices | | | | historical data are going to repeat in exactly the same |
| in advance - but which robot really has the best one? | | | | way again and the systems get turned to dust by the |
| Let's find out... | | | | market. |
| The first point to make is very simple no cheap Forex | | | | The traders who buy these systems are naïve in |
| Robot or Expert Advisor has ever produced the gains | | | | thinking, they are going to have a system for a couple |
| in real time that they claim on there tack records. You | | | | of hundred dollars or even less which beats the top |
| get back tests or simulations or figures from the | | | | fund managers in the world, who earn countless |
| vendors who are of course selling the system - there | | | | millions in salary and bonuses. None of these traders |
| are no verified audited ones! | | | | have yet been replaced by a robot or Expert Advisor, |
| The second point to make is Forex markets do not | | | | due to the simple fact the logic these systems are |
| move to mathematics, they move to the odds and if | | | | based on is unsound. |
| there really was away of predicting markets, there | | | | In Forex trading you cannot predict prices with |
| wouldn't be a market at all, as we would all know the | | | | mathematics but you can win. The way to win is to |
| price in advance! | | | | use a simple system which trades the reality of price |
| The algorithms the cheap Robots use, are not | | | | change. If you do this, you can get the odds on your |
| sophisticated anyway and the only way they can | | | | side and win. |
| make money is by trading backwards, knowing all the | | | | Lots of traders believe they can beat the market but |
| closing prices. | | | | no trader has or ever will. That doesn't mean you can't |
| To make the track record profitable, they ignore | | | | make money though but don't ever trust software |
| money management which of course is the basis of | | | | package which says it can predict the future - it can't. |