I heard that a new robot has just been released (RCTPA driven Forex Megadroid). There are quite many robots on the market. What is a Forex robot anyway? Which one is working? I have heard many good things about Forex auto pilot turbo. I would like to know which one is the most reliable. Thank you.

First, you should know that Forex is not that easy. Do not believe those who may say it is!

Now, there are some good robots that MAY help you. Some are scam. Others are for real.

Simply put, a Forex robot is a program that attempts to take the guess work out of trading currencies. Currently there is a lot of information floating around the internet about these products. Like any other tool, it needs to be used properly in order to be most effective.

Like I hinted, in order to use this tool the right way you need to understand a little bit about how it works and where it is best applied.

A Forex robot is a computer or computer program that monitors currencies and does calculations to figure out the best time to buy and sell. These programs help to take some of the guess work out of buying and selling and can help a trader to identify currencies that meet certain criteria, or when certain currencies perform in certain a way. Most of the selling points of Forex robots state that you can simply set them and watch the cash come pouring in. While in some cases this may work, in most cases you are going to need to carefully monitor the program and make sure that it is adjusting to trends in the market. While they can be very profitable they may require a certain amount of intervention to be run effectively. Used properly, and if you have the patience to get to know the programs, they become a powerful tool.

For this automatic approach, forex auto pilot turbo has worked wonders for me: http://www.forexapt.com/. It offers, among other features, high spread protection system and automated risk scaling. They say "95% winner". Well, only the bottom line counts. In this regard, it has really delivered for me.

I had been watching the forex robot market for months, waiting for the right software to come out. I believe I have found a great one.

Really, get the fundamentals first. Then get your own system and test it offline (do that for weeks, if not months, until your system is well tested), whether you use a robot or not. It really takes a few months - a lot of patience and resilience. But if you are made for it, it is worth it. Read about the psychology of trading (never to underestimate). And then you should be fine.

Good trading!

Mark

I have just bought RCTPA Forex Megadroid. It is new so no one can tell for sure whether it is the big deal that it seems to be. All I can tell you is that I bought it 2 weeks ago and that I like it. It is very simple to use (plug and play). In a few minutes I had installed it and got started (on a demo account of course). My demo account has more than doubled (+249% to be precise). I intend to keep practicing for a while before going live because I know I have to get familiar with all the settings and the system but so far so good.

Have been trading on forex autopilot turbo for 4 months now. I recommend it to you.

http://www.forexapt.com

forex robot is a technical analysis software and nothing more. it analyses patterns and tells you when and what to buy and sell. There're lots of agruments about them but... had they worked don't you think everybody would be using them and never worked???

I agree, fapturbo is great. Either that or you can try forex automoney because they have a 3 day trial for 5 bucks. It is not a robot per se but a "signal provider". Actually I have been using both the forex apt robot and the signal provider. They are sort of complementary and I have my routine with both and it is working very, very well.

http://www.fx-automoney.com

http://www.forexapt.com

Fap Turbo is the best Robot and is an influential blend of 2 strategies: Short Term Scalping Strategy and Long Term superior FAP strategy. Both strategies are built within one FAPTURBO expert advisor and can be turn on and off with no trouble using Scalper Strategy parameter in FAPTURBO settings.

fap turbo rules! Ok, this is the only one that I have tried but can it get any better?! Try it!

http://www.forexapt.com

Robots are one way to trade Forex but do your homework in order to understand what is going on. After all, it will be your money you will be working with. That being said, Rctpa forex megadroid is very promising but I have not traded it long enough to reach conclusions.
Forex turbo is THE robot (unless aforementioned Rctpa forex megadroid is as good as its creators claim it is). I also like fx automoney and ambush is right behind. Those are my 4 fav'. BTW, I am a professional trader and doing reviews for a magazine. If you want more info, drop me a line.

Don't be an idiot!!!
Unbiased comparison of mt4 expert advisors with an explanation about each of them:

http://compareexpertadvisors.blogspot.com/