Can you really make thousands of dollars a month letting a killer forex trading robot do your trading for you? Does it sound just too good to be true?

At first you might think that it is just all Internet nonsense. Certainly I did. Then I began to think about it. It really isn’t that much different than what I was doing in the 1990’s when I would write trading programs to trade forex using Telerate equipment for the data feed and to generate trading signals.

Except that back in those old days when a trading signal was generated by the program I, or someone on the 24 hour a day trading desk, had to ask for a dealing quote over our Reuters Dealing System, then place the order using Reuters dealing, or at times pick up the phone, call our counterparty in New York, and verbally place the order. This was back in the pre-Internet forex days and our Reuters lines were not always stable from some of our office locations in Asia and South Asia.

The point , however, is that I used a computer program to generate the trading signals but had to manually enter the order. A forex trading robot can be programed into a Meta4 trading platform, an excellent platform by the way, and be turned loose to make the trades automatically.

There are some differences in favor of the robot. Computers today are many times more powerful than the ones in the 90’s that were running our Telerate and Reuters equipment. A new modern computer can make millions of calculations in less time than it takes to bat an eye. Then there is the Internet. Communication at near the speed of light is hard to beat. The Meta4 forex trading platform is blazing fast. And speed is important in the forex market.

In addition, there is the programing factor. Programmers today who work with forex trading programs know a heck of a lot more about programing to win than programmers did in the 90’s. But one of the most important things about a robot is that it knows no fear. The robot will do as it has been programed to do. If there is a big spike in a market and on a short term basis the market is way overbought the robot can be programmed to fade the move and when the price is fully extended sell the currency pair.

Usually, from a highly extended position, the market will quickly retrace and the forex killer robot can be programed to cover the position with a fast profit. This type of trading is hard for a human to do. Only the very best traders master it as it is difficult to be selling when it looks and feels like the whole world is buying.

Ahhhhh, but the robot just does as it is programmed to do. Fear and human greed are not part of the robot’s nature. If he has been programmed correctly the robot is a loyal order taking fierce forex warrior.

So, yes, after thinking it through I see no reason why a robot, properly programed, couldn’t do a bang up job trading forex. There is another important factor as well. The robot can trade 24 hours a day for five days a week. If you try to do that yourself you will soon die for sure.

But the real test , of course, is in the actual performance. I have just purchased a forex trading robot and easily enough installed it on my computer. I would recommend that if you want to do the same that you have a highly reliable broadband connection first.

I’ll start my test on Monday. I expect that I’ll need to let the robot run for a few days so that I can observe it’s trading style right out of the box and help with the little critters training. Probably, after watching it perform a little tweaking here and there will improve performance. You can run an account in demo mode until you are comforable with the robot’s results.

While the website selling the robot is the typical Internet over hyped sort the training and installation videos that come with the robot are good. All is well explained in the videos and PDF files. Another good feature is that the robot selling firm is working with a first class Internet dealing firm that is registered with the CFTC and NFA. They use the Meta4 forex trading platform which is easily integrated with the forex trading robot.

I look forward to what I think will be a highly interesting experiment. Will the robot make money for me? Good question. In theory it should be able to. Will it? I’ll soon know and pass the information along to those who are interested.

I’ll set up an autoresponder for this site and post results, tips, observations, and comments about my robot trading as we move along. Look for a robot trading newsletter the sign up form on this page within a couple of days. Maybe sooner.

For those who want a quick peak at the claims made on behalf of the robot you can go to the robot’s home now.

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