There are two main advantages in having an EA trade for you. The first one is obvious. Provided you can keep your computer connected to the internet, it can watch the markets 24 hours a day, which you could never do yourself. The foreign exchange markets around the world are open constantly from Sunday afternoon to Friday afternoon, and there is no way you could do this for yourself.

The second big advantage is that a robot is not going to panic or get greedy. It has perfect natural self discipline, always follows its system to the letter, does not become distracted and is never affected by emotion. If something goes wrong it is usually either human error (you set it up wrong) or a technical problem, usually a break in the internet connection. You can pretty much eliminate the latter if you can set it up on remote hosting instead of running it on your own computer, but many people these days have reliable 24 hour broadband that is not going to cut out on them. So a robot is way more reliable than a human trader.

Most people’s problem when they start out forex trading is that they do not have enough self control to operate a trading plan successfully. You may be thinking that this does not apply to you. Most of us, especially men, think of ourselves as being pretty well controlled and not likely to be swayed by emotions. Right.

But I’m not talking here about the kind of emotions that make you break down and cry (although you might!). I’m referring to emotions like the rush of excitement that you get when your trade is winning and you want to hold on and see if it will make it to the next big number of pips. Or the fear and panic when you see a trade losing. You forgot to set the stop, or set it in the wrong place. What do you do? You hesitate, not knowing whether to close out right now or wait and hope the market will turn around. Meanwhile, you are losing more and more …

If you think that these things could not happen to you, then you have probably not been trading on a live market for very long, if at all. Unless of course you are using a forex expert advisor, which makes it possible that these crises and panic losses will never happen to you.

This does not mean that all robots are good, any more than it means that all human traders are bad. Some human traders make a lot of money. Some EAs make none. You need to pick the right one. Avoid free expert advisors … they may not cost you anything to buy, but they will cost you a whole lot in trading losses! Take time to find the best expert advisor to give yourself the best chance of making money from the get go in the risky world of foreign currency trading.

If you want to take the hassle out of trading forex on the markets then this could be a useful tool for you The Ivy

A good signals package as a guide + your own knowledge/training > robots

I am sure that there are scams involving trading robots, but that does not mean that the concept is flawed. If you read about the tremendous success that the Ritchie brothers had trading commodities in the seventies and eighties, they were robot trading.

From experience, I can say that currency trading is not the easiest way of investing to learn. It really is more involved than giving your money to a broker and then making money. Trading an account manually is really quite involved, and the frightening part is that one click made by mistake, can cost you very much.

Fap Turbo
IVYBot
Megadroid

The last one is a metatrader4 advisor work only with EUR/USD with minimum account of 300$

The other are general but suffesticated robots the fap can make you small profits but with minimum risk

The second one IVY is more for prave traders who want to make higher profits

Here is a small review of those 3 robots

http://www.forextrading-forexsoftware.com/

MegaDroid – http://bit.ly/fWdiQ
IvyBot – http://bit.ly/SiK9G

IvyBot’s site is cheesy and they make those ridiculous claims that you will “make millions”, which originally made me skeptical. I ended up buying into the hype and I can tell you that I didn’t make millions, but the robot actually works in identifying good trades. MegaDroid has also been very good for me. Overall I am up a good amount with both robots, so I am definitely happy with the small investment I made in purchasing them. IvyBot is little bit easier to use, but neither are that complicated.

Also, I recommend MetaTrader for quotes and to use with robots. It’s a free download:

MetaTrader – http://bit.ly/hoyqW

Best of luck trading!

It is important to keep in mind that past performance is no guarantee of future performance.

One technique that has worked well is to spread your portfolio across multiple robots. This helps reduce risk and also tends to compensate for varying market conditions.

One of the private investment groups I belong to trades across 7 robots with a margin of less than 1.5%. This has proven to be a consistent, conservative strategy.

Also, Forex robots are not illegal. They are simply an automated disciplined approach to trading Forex while eliminating the impacts of human emotions. Such as Fear and Greed.

Best wishes for your success.

Paul

http://ezinearticles.com/?Forex-EA-Systems—The-Best-of-2009&id=2880154

In fact I’m Automated Robot Testing Sucker As I have Never Seen Like this Before ” IvyBot Automated Robot ”

Not Only Me The Whole Forex Marketing Is Turning to Its. Trade Global Market With IvyBot .

Take for Ur Self Here is my review in this Link