A forex trading system is a tool used by traders to help automate the more mundane and intricate aspects of trading. Also called forex robots (or bots), these trading systems offer the trader a variety of automatic functions. Some are fully-featured platforms; others are bare bones robots. There are literally hundreds of forex trading systems out there – enough to confuse the most savvy trader. The poor newbie could go into vapor lock trying to evaluate automated forex trading software without a little help. We have listed a few of the more comprehensive and popular programs available for easy, automated systems trading. No guarantees here, and of course, your mileage may vary.
FAPTurbo is one of the most popular forex bots, and the website boasts examples of real trading results with real deposits with high-profile brokerages. Fully automated, FAPTurbo is able to automate high-volume trade with tight stop loss routines, which minimize losses. Multiple currencies trading capability enables the trader to diversify. Short-term scalping strategy and safe filters help to maximize control. A Virtual Private Server (VPS) service is offered for a fee.
Forex Megadroid is a very popular robot that was completed and used by the developers for a number of years before its release in March of 2009. This is unusual, as many bot systems are on the market as soon as the last line of code is written. Forex Megadroid has an extremely robust interface, and the makers claim that it won’t fold under high-volatility conditions like some bots. Forex Megadroid offers a 60-day money-back guarantee, tutorials, 24-hour phone and online support.
The makers of U$DBot say that their aim is to take as much of the guesswork out of forex trading as possible. U$DBot is offered at a price somewhat less than other competitors and includes a 60-day money-back guarantee if not satisfied. If the user decides a strategy is not working, the program allows for switching on the fly, making this one of the most versatile forex robots on the market.
Forex Auto Pilot System (FAPS)
Developed by forex guru Marcus Leary, FAPS is designed to continuously monitor the forex market unaided, choosing and trading the most profitable transactions based on meticulously written algorithms. Clear and concise feedback by the program lets the trader know exactly what is taking place. The program offers a demo to test the program out before buying.
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