The forex robot buyers guide

www.ForexRobotsThatWork.info

The Forex Bot Buyers Guide

You can distribute this report “as is”, for free. And only if it’s for NON-COMMERCIAL PURPOSES.
All content in this report is created for educational purposes ONLY. DO not regard this report as financial advice.
Forex is like any other investment; if you can’t afford to lose it then you shouldn’t be speculating.
Copyright © 2011 ForexRobotsThatWork.info

www.ForexRobotsThatWork.info | The Forex Bot Buyers Guide 1


4 Surefire ways to Select a Winning Forex Robot

Are you in the market for a Forex Trading Robot and unsure

which bot to purchase? Take a few minutes to read through this

brief report. Your Forex future will thank you for it.

In this report we are going to look at four quick and easy

steps that will make your Forex Robot purchase a breeze.

First, I’ll show you how to spot vendors that back their

trading robots with live trading accounts and we’ll create a list.

Next, we’ll take that list and remove any bot that hasn’t

been thoroughly back tested. We’ll also insure their performance

to risk ratio’s are on par with trader expectations.

Then, I’m going to teach you a couple of methods that will

help you snoop out frauds who are only interested in your money,

so we can stay clear away from those guys!

Finally, and perhaps the most important, we are going to

identify the safest place to purchase a Forex Trading Robot and

discover how to get real reviews of a particular bot and not some

affiliate marketers bogus hype.

After reading the report you will be able to create a list of

legitimate back tested Forex Trading Robots that all operate on a

live trading account, have low performance to risk ratios, are not


byproducts of hype, have a good reputation by real people and

can be purchased with a money back guarantee.

SHOW ME LIVE TRADING PROOF!

Let’s talk about live trading proof. A Forex Trading Bot

means nothing if it cannot show a real profit. Amazingly enough,

a large majority of the bots you’ll find on the open market do not

have a live trading account. They offer up back tested results,

which means nothing more than a potential chance to make

some money.

Here is an example of one vendor who puts their money

where the mouth is in terms of offering up proof. Visit

http://www.leotradingpro.info and see what they are doing.

If you look closely, you’ll see that this vendor actually gives

you a user name and password to login to their live trading

account so you can see, first hand, the real trades it is making.

Not too shabby huh?

Very few vendors will allow you this kind of access, the

important thing to look for is that they give you some kind of

verifiable proof that their bot is making money.



How do you know the proof isn’t doctored? In the days of

photoshop, sophisticated programming and inexpensive video

editing, it’s pretty easy to doctor up some live trading results.

How does one identify a phony bot? The answer lies near the end

of this report. Add the bot to your list of potential prospects for

now and move on. We’ll thin the list out later.

BACKTEST RESULTS ARE PARAMOUNT!

Back test statements are a fair indicator of something

called risk/reward ratio. Now back tested results will not

necessarily determine whether a bot will be a successful bot or

not, but it will shed some light on how the engineers tested their

bots.

There is a big difference between A. Consistently placing

small trades over a long period of time that make you money and

B. Betting the farm each and every time a trade is place. Some

vendors do this. That is, they bet the farm and hope for the best

so they have something awesome to publish. This kind of trading

is foolish and a red flag that you should keep an eye out for.

Risk/ratio is nothing more than an indicator that tells

whether or not a specific strategy is too risky or not. Most

traders agree that a risk/ration of 1 is sufficient.



What does this mean, you say? Well, if you had a risk/ratio

greater than 1, it would take more than 1 profitable trade to

cover 1 loss.

The risk to reward ratio is calculated by dividing the

potential profit by the potential risk. As an example, picture a

trade going long on the FTSE 100 at 6000 with a stop at 5950 and

profit target of 6100. This would give a £ value ratio of £100:£50,

which is a risk to reward ratio of 2:1.

Look at a bots back testing results and pay attention to

where they enter a trade and then exit a trade and where they

place their stop loss. These bots are automatic trading robots

and stick to specific rules. Risky bots can cause you to lose your

money.

An additional indicator that can help you identify a

risky/volatile trading robot is to look at its performance curve.

Most of the time you can see this curve in the back tested

results that the vendor offers up on their sales page. Anything


with a sharp increase or decrease in the chart indicates

volatility. We want a smooth curve. A numerical value of such a

chart is called drawdown. You’ll hear traders talking about

drawdown a lot. Anything under 10% is good.

Snoop Out the Hypesters!

When the Forex Robot exploded onto the scene, it was like

a gold rush during the Wild Wild West. Any programmer with half

brain was out trying to concoct the next big golden goose in form

of a Forex Robot. Well, needless to say, it was their golden goose

that they were trying to develop, not the trading communities.

You still see a lot of unethical business being conducted in Forex

to this very day. It’s important that you identify the phony con

artists and stick to the good bots.

For the most part, all of the successful bots on the market

are there because people know about them and it all comes

down to marketing more than performance. It’s the old cliché,

“They were the biggest and best band no one ever heard of”. You

can have the best trading robot in the world but without a means

of raising public awareness you have no way of really getting the

bot out and into the mainstream. So this is where affiliate

marketers come in to play. This is also a window of opportunity



for you to see how business is being conducted behind the

scenes.

The next time you are on a Forex Trading Robot’s website,

look down in the footer for an affiliate page. Visit the page and

see how the vendor is hyping the product.

A lot of times, the vendor will not reveal any details without

requiring some information like name and email address. Feel

free to use a junk email account and make the rest of the

information up. It really is important to take the time and see

what the vendor is doing here.

Look out for vendors who brag about suckering their

customers into big up-sells and long term commitments like

memberships and such. If you don’t mind this kind of thing, that’s

fine, the bot will probably perform as advertised, but it does give

you a sense of what the vendors true motivation is. Just give

yourself a gut check and ask whether or not you would feel

comfortable buying from this vendor.

3 Ways to Pick to the Right Bot



Congratulations. You made it to the last and most important

section of this report. Now that you have a list of prospective

Forex Trading Robots, you need to know what real people are

saying about them. Here’s what you do:

Take your list, and go to www.google.com and do a search

for “Forex Trading Forum” or “Forex trading Robot” forum. Leave

the search results page open, avoid ALL review websites and

open only the forum sites in their own page or own tab.

Most forums do not require you to sign up if all you want to

do is search and browse. So once you are at a forum, look for a

search bar and type in the name of the trading bot you are

researching. For example, FabTurbo or Fap Turbo.

This is a good way to read reviews and end user

experiences. You’ll find that most, if not all, bots on your list do

not perform as advertised. This is just a reality check and

nothing more. Exclude a bot if you find a high level of negative

comments and refund requests, not because it misses trades

from time to time.

It’s just like the advertised gas mileage in your car, or the

advertised internet speed you are paying for. You’re not going to

get what you are told you are going to get. Also, ignore posts by



people who are trying to send you to a website. They are nothing

more than affiliates trying to sell you a bot.

The bottom line is this. Despite all the back testing proof

and live trading proof, and whatever mumbo jumbo the vendor

has placed before you to get you to bite, you have a community

of Forex Traders that have already walked the path you are

walking now. If some vendor out there is using Photoshop to

doctor their results, a savvy trader will spot the fraud and you’ll

read about it because you did your due diligence and paid a visit

to the webs top forex forums and did a search on all the bots you

were interested in. GOOD JOB!

Finally, where to buy? Any reputable Forex vendor, that is

willing to put their money where their mouth is will test their

Trading Robot against the rock solid, no questions asked, 60 day

Clickbank Money Back Guarantee.

Clickbank.com is a reputable and secure online retail outlet

that was founded in 1998. It has over 100,000 affiliate marketers

and sells over 46,000 different digital products, including the

heavy hitters of the Forex Trading Robot world.

I would recommend that you only purchase Forex Trading

Robots that use Clickbank to handle the transaction. If you

purchase a trading robot that isn’t working for you, then you have



recourse and you can get your money back. The Clickbank name

is all over the order form so you shouldn’t be confused when you

get there.

As it stands, while I write this, the 5 top selling Forex

Trading Robots on Clickbank are:

1. FAP TURBO PRO - http://www.fapturbotrading.info/

2. FOREX MEGADROID - http://www.forexmegadroidtrading.info/

3. GPS FOREX ROBOT - http://www.gpsforex.info/

4. LEO TRADER PRO - http://www.leotradingpro.info/

5. Forex Signals Machine - http://www.forexsignalsmachine.info

Now you have all the required elements, including a list to

get you started.



So, in conclusion, we discussed the importance of back

testing results and live trading results. We discussed risk/ratio,

performance curves and what a good draw down should be. We

identified an easy method for identifying frauds who are only

interested in taking your money. We discussed an easy method

for finding real reviews from real people and how to avoid phony

reviews from affiliate marketers. Finally, we discussed the safest

retail outlet to buy from when it comes to finally clicking that

button and making your purchase.

I hope this free report helps guide you in making the right

decision when it comes to making your Forex Robot purchase.


The forex robot buyers guide

Recomendados

Recomendados

Mais conteúdo relacionado

Último

Último (12)

Destaque

Destaque (20)

The forex robot buyers guide