Forex Machines

Forex Nuke

Forex Nuke is a new EA software advertised as EA built with a brand new strategy for 2010. The features of this robot are more or less the usual – low investment requirement, it works on MetaTrader 4 platform, it works on demo accounts, it doesn’t require experience and has video tutorials to give you a start. I’ll skip the details as they aren’t that important as long as it works.

No Loss Robot

No Loss Robot comes out of the blue and announces that it can trade 100% successfully and 100% automatically. That’s certainly an outrageous claim – I’m yet to see a system that is really flawless – that’s impossible. Could it be a play on numbers? You be it is.

But first, the features. No Loss Robot has grown from a manual trading system which was based on trend spotting. The authors claim to have had great success with their system and they have decided to automate the process. As a result the robot is trend based too.

Correlation Code

Correlation Code is a new and very unique Forex trading system. In a nutshell, the system is using the similarities and differences (correlation) between two currency pairs. The system is based on monitoring fundamental correlation between different pairs and as a result of testing 82 strategies based on this, Correlation Code is a set of 8 strategies that performed best.

Over Under Expert Advisor

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Forex Automoney

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Pips Miner

Pips Miner is a completely automated Forex trading software from Forexzone Ltd., a company based in London, UK. The developer of the software is important to consider, because you can tell what they have at stake. For instance, if a software is created by a little known or unknown at all individual, they have nothing to lose and they don’t have to care if their software works right and if they provide good support.

A company like Forexzone, on the other hand risks their brand name should their software fail. It’s a big plus for Pips Miner when deciding to invest in it.

Forex Rebellion

Forex Rebellion is a manual Forex trading system comprised of unique indicators and money management system. It is endorsed and verified by the Surefire Trading Challenge and tested by numerous beta testers to get an average success rate of 80% – they report profits from 35% to 130% in four weeks of trading with the system.

Supremo FX Signals

Supremo FX Signals is a Forex trading signals software. It runs on Meta Trader platform and generates signals when to open positions, what stop loss and take profit orders to place. It works with all currency pairs and all time frames. And since the software doesn’t trade, there’s no dependency on account size, you can use the signals with any account.

Sniper Fx Signals

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Forex NightFox

Forex NightFox is an automated Forex trading system which has two unique aspects to it. It has a sophisticated money management system and it works in Asian markets. While there’s not much information about how it works in these markets (since the proof of results is in the main currency pairs, such as EURUSD and EURGBP), but I think it does that by trading at specific times when the Asian market is active. In other words, it’s built to trade at specific times of the day.

Forex Warlord

Forex Warlord is a new Expert Advisor, a system that promises to make you consistent profit by trading Forex automatically. The proof it provides as usual looks good – that’s pretty standard. But the way that this robot tries to be unique is by combining 3 different systems in one EA. The idea is to achieve a better reliability.

TrendProphecy FX

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Forex Enforcer

Forex Enforcer from the creators of Forex Decimator is a brand new automated trading software (EA) which claims to have addressed the major problems traders have had during the past 12 months. There are no specific details as to what problems exactly it has addressed, but as its best feature the creators list its ability to adapt to any market conditions.

Forex Trend Scalper

Forex Trend Scalper as the name suggests is an intraday trend scalper. One thing we can be sure of – it will make enough trades. The product comes with a set of extra 4 indicators for Meta Trader 4 to suit any market conditions and a starter’s kit for those new in Forex.

Forex Trend Scalper can be used to trade either automatically or manually. It’s comes with an EA as well as the indicators and strategies for manual trading.

Forex Invader

Forex Invader is yet another expert advisor promising to get you outstanding results and make you money on autopilot. I will skip all the promises it makes, most of them are exaggerated as usual for marketing purposes.

Forex Supernatural

Forex Supernatural is another automated Forex trading robot. What’s so special about this robot is that it is very active. It’s a scalping robot and trades every day. That of course adds a hazard to quickly lose money – you have to be careful about that, especially considering its profit-reward ratio is rather small at 1.2. But the potential is there nonetheless.

Forex Apocalypse

Forex Apocalypse is one of those Forex robots that shoots high. It claims to have turned the $3,000 account into $100,000 in just over 14 months. That’s a huge return on investment and not an often automated trading software makes such claims (unless they are outright lying). It also claims to have a nearly 100% winning rate which is supposedly why such profits are possible.

Forex Bling

Forex Bling is an automated Forex trading system employing 4 types of trading methods – Trend Following Trading, Breakout Trading, Scalping Trading, and Grid Trading.

Separating its functionality into these four parts makes the software flexible and allows traders to adapt their own trading strategies. And as such, the package consists of 6 expert advisors:

Forex Cash Siphon

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Pips Autopilot

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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 create a supply but they don’t always deliver quality.

This site is a 100% community driven site which has received thousands of reviews and comments about hundreds of Expert Advisors, Forex systems, strategies, courses and other products over the years. While we don’t test these products ourselves, we have an opportunity to see the overall situation in the Forex software market – something that can help greatly in choosing the right product.

Forex Signal Safe

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Forex Typhoon

Normally I don’t even write about software that has no firm ground to it and looks like a copycat of a system that you can get for free. But I will make an example of what to look out for. Now, I must admit I haven’t bought it and I don’t claim that it is a copycat or anything, but it just looks like someone decided to make some money by selling air.

Forex Wealth Machine

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Forex Executor Pro

Forex Executor Pro is not just yet another automated Forex trading robot. It’s a software that enhances the Meta Trader platform. But before I get into the how, I should tell you about the why. You see, there was a good reason for such a software to be created.

Since August 1st of this year (2009), NFA has hit the Forex community like a lightning from a clear blue sky. The new regulations have shocked every single broker in US. According to the new rules, the brokers can no longer accept OCO, stop loss, or limit orders. That’s huge, because there is no trading strategy that would not use at least one of them. Not only that, most automated trading programs that use those orders are affected too.

Instant Forex Profits Course

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x4bot

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Decision Bar

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Forex Ultimatum System

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Forex Decimator

Forex Decimator is a new Forex trading robot that claims 92% success rate (only 14 losses out of 179 trades). That’s a bold claim from the author who is new to this business – it’s his first product. Nevertheless, software should be judged by its performance.

Forex Geek

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Forex Nitty Gritty

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Forex Training Prof

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IvyBot

IvyBot is a new automated Forex trading software that claims a 94% success rate. What’s so special about this software is that it consists of four separate robots for each currency pair: EUR/USD, EUR/JPY, USD/CHF, USD/JPY. These robots employ tested and proven Forex trading strategies. The algorithm of trading system programmed into Expert Advisors includes trend analysis, weighted price action, technical price patterns, market liquidity, volatility, and forward projection scanning.

Forex MegaDroid

Forex MegaDroid is the first trading software to use Reverse Correlated Price and Time Analysis (RCPTA) technology which is the latest trend in Artificial Intelligence use in trading systems. This system allows for the best accuracy that has ever been achieved.

For that reason Forex MegaDroid is not a scalping software, it makes very accurate trades and its trading frequency can be as low as one trade every few days.

Day Trading Robot

Although we usually only review Forex trading software, this stock trading robot has caught our attention. Released just recently it has already hit its popularity peak and it’s been featured in Business Week and the Wall Street Journal. Day Trading Robot is a neural network based system, which employs chart patterns.

Day Trading Robot works in penny stock market. This market is famous for its large percentage swings, and even though each stock usually trades at under a dollar, these markets are able to bring profits of around $500 a day and sometimes more. I’m pretty sure none of us would refuse to take that. What’s more, such trades are really low risk.

FAP Turbo

FAP Turbo is one of the oldest Expert Advisors that is still very popular to this day. Besides the English version, it’s also available in Spanish and Chinese languages.

There’s a saying that during tough times the rich are made as well as the poor. The markets swing like crazy and any experienced Forex trader would tell you that it’s a trader’s paradise. It is the time when most profits are made.

But what do you do if you don’t have enough experience to trade? You can lose just as much. However, the modern technology delivers it to you on the silver plate – the automated forex software built by expert traders to automate their mundane daily tasks. Systems kept away from the public in the beginning are now available and you can take a shortcut to professional forex trading with no prior knowledge.

Forex Autopilot

Forex Autopilot is one of the first commercial forex trading systems. It has become a bestseller and one of the most popular trading systems online, featured on Business Week, CBS News and NBC.

Forex Autopilot trades in EUR/USD on a 1 minute timeframe chart, and executes about 3 to 5 trades per day. Based on backtests and user experience the system maintains a profit ratio of around 96% which is one of the best performances among its peers.

How to Trade Currency

Candlestick Chart Example Foreign Exchange Market or Forex is currency trading market and is similar to stock market. The currency pairs are on a trade like shares, only the difference is Forex is much simpler and a lot more active. It is said that because it’s more active, it is a lot more risky. However, in my opinion it doesn’t matter how fast market moves, the risk involved is highly subject to the trader himself. When further comparing stock market and Forex, we must note that sometimes the shares can plummet overnight like none currency pair would ever.

Managing Your Losses in Forex: How to Avoid Disappointments

One of the major misconceptions about trading forex online is the belief that in order to be successful one must be focusing on profitability right from the beginning. The more aggressive and profit-oriented you are in this competitive market, the higher your chances of success, since you’re in a race with financial giants who have far greater resources at their disposal which they can use to acquire an unbeatable competitive edge against the average retail trader. One must compensate for this difficulty by pursuing well-developed strategies in an aggressive manner, and capitalize on opportunities that may arise, however small they might be, as soon as possible.