Best Forex Software
There’s a ton of Forex software to choose from, but to be honest, very few are really any good. It’s a big market with a great demand so there will always be those trying to make a supply but they don’t always deliver quality. The purpose of this article is to compare the best Forex software that already beats 99% of their competitors and to try to select one which we would consider the best of the best. So let the contest begin.
- The first contender is FAP Turbo. It’s one of the first commercial automated trading programs (also known as Expert Advisors or just EA) with it’s previous version Forex Autopilot being released back in February 2008. It has a huge user base and while not everyone has found much luck with it, you have to remember that it’s just a tool and it doesn’t do magic. To put it short FAP Turbo works. But you have to be careful and use it wisely – if you’re losing money, try to figure out what’s wrong. You can start learning Forex with it on demo account and take it from there.
- Next up is Forex MegaDroid. It’s only a few months old but has already made itself a place. It is an automated EA just like FAP Turbo but unlike the latter it’s less fool proof. In other words there a lot more tweaking to do and it doesn’t work that well on some brokers. It does however work great on demo accounts which you can use for signals.
- The third contender is the brand new EA called IvyBot. Unlike other’s it’s supposed to adapt to market conditions and “learn” from its mistakes. However the details of that are unknown and as tested it doesn’t really show many signs of it. If it’s there, it’s well hidden. The performance of IvyBot varies even more than the two EAs above so it’s even less beginner friendly. Looks like IvyBot has lots of space for improvement.
To pick the best Forex software out of them, I would choose FAP Turbo, simply because it’s time tested and proved to work by many. It’s beginner friendly and can help you learn Forex if anything else. You just have to remember that it’s just a tool and will not do everything for you, even though it’s advertised like so – it’s just a way to market it. It’s normal that it requires your effort but the final results may be rewarding once you put some work into it.
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Comments
Yes (and looks like you’ve already found it): http://www.forexmachines.com/reviews/forex-apocalypse/
I have been using Ivybot on a demo account for about 5 weeks. It is a very streaky EA. It has placed 45 trades. It has won 31 trades (~69%) for a total net profit of $1365.42. Average win = $125.10, average loss = $179.48. Lately, it has not done well loosing 8 of it last 13 trades. I am now having second thoughts and will likely return this one to Clickbank.
Neither has FAPTurbo nor has Ivybot worked for me . Both have given me more losses than profits . Luckily , i have used them on demo accounts only. I have contacted Clickbank for refunds on both. Honestly , i will not agree to your best forex s/w review here. Sorry !
Hi Admin ,
I haven’t found the best yet …..still searching. I am trying all the robots that are there in the market …two-at-a-time. The reason why i can afford to do this is because every robot is backed by a money back guarantee and I usually test them on demo accounts only unless satisfied . The one that i am currently satisfied with works only on EUR/USD. I am searching for an EA that will work on all major currency pairs.
If i find a worthy robot , I will definitely post the name of it right here on youor blog and probably post a link to my live trading statement as proof but till then if you find something that catches your eye ….lemme know. I would appreciate it.
Thanks
Do you have any info. on the Forex Apocalypse?