There are many different expert agents that are advertised on the internet. There is a lot of questions though about which ones are going to provide better results. It is a gamble when you decide to use one of the many forex expert advisors offered online but looking at results of what these have done will give you a little bit of insight to what you can expect when you try a specific one out. Results are not typical for EAch person but you can use the produced results to give yourself an estimation of what to expect from each program.
The absolute best program that shined with live results and tests was, hands down, Ivybot. It had an absolutely astounding number of 100% of the results being wins with a lot of trades conducted in those 2 weeks, 75 to be exact. That is almost 5 per day which were all profitable. The average profit was not as high as some of the other programs but it worked itself out because there were no losses to have to account for in calculations either. The trading profit averaged $28.26 for each transaction. The original investment on this account was $1,000 just like all the other tests that were done on the other robots. In the end, the gain in money was a whopping 211.98% of the original investment or $2,119.83 profit in 2 short weeks. The results for this expert agent don’t need any further explaining because they are directly in front of you to see the opportunities you can have by using this one.
Pip Brains is another program that many people wish to use and it has received many rave reviews. However, the live results only show that it has been running for 2 days and no trades were conducted so its productivity cannot be measured very well. The program itself is very easy to use and you can have multiple accounts which is what many people who have had success want to do. An additional fee is charged for adding accounts. Pip Brains works in a complex way that has been programmed into it so you can’t specify what type of program it is exactly. Many people also like that the strategy is integrated into the coding which relieves you of the responsibility of identifying parameters you wish to pick and choose from.
A third highly ranked expert agent is forex Hacked. The number of trades that it has conducted is the highest number of any of the others at 196 in a mere 13 days. It makes a profit over half the time at 65.31% and the profit average is $12.59 while the loss is $14.73, not too much of a difference. It has gained $606.02 in the time that it has been used. This is a decent amount of money to earn in only 2 weeks and it makes the return 60.6% of the original investment. It is something that you should definitely consider using if you’re trying your hand with expert agents.
To learn more about the best performing EAs as well as the top rated MT4 EA software then make sure to visit our website at forexfbi.com
Top Rated MT4 EA (Forward Tests)
Very few spot forex traders conduct any form of parallel and inverse analysis of the major currency pairs and exotic currency pairs to determine the best way to trade the forex market on a day-to-day basis. Forex traders do this in spite of the fact that it would be nearly impossible to trade the forex successfully not knowing where the overall strength and weakness was in the spot forex across multiple pairs or the entire forex market.
Lets look at some examples. Many forex traders like to trade the GBP/USD and they spend countless hours losing sleep waiting to trade this currency pair even when no trends or parallel/inverse currency pair confirmation is available. Losses occur and lifestyles change. Forex traders could increase their odds of success dramatically by setting up some forex trade entry rules and examples like the ones shown below.
Example 1 – Only buy the GBP/USD if the GBP/CHF and GBP/JPY are strengthening as well. This would be parallel confirmation that the GBP strengthening across the board. A simple but effective rule. A forex trader could enhance the rules further by examining the EUR/GBP for weakness. This is inverse currency pair entry confirmation.
Example 2 – Only buy the GBP/USD if the EUR/USD is strengthening and the USD/CHF is weakening. This would be confirming the trade entry with two other currency pairs and verification with across the board weakness in the USD. In either situation you have confirmed the forex trade entry with at least two other currency pairs. Both of these entry management rules would include a stop order.
But this is not what forex traders do. They want to trade the GBP/USD so badly that they “manufacture” a trade, or they want to use ” forex technical indicators” that all conflict with each other, or trade the forex news. This is a mistake and is equivalent to betting or gambling and driven by greed. There is no logic to support the trade entry. This is not necessary because the forex works in a logical way.
Lets look at some other forex trade entry verification examples. Lets say a forex trader prefers to trade the GBP/JPY, you could set up rules for entry as follows: Only buy the GBP/JPY if the GBP is strong across the board based on parallel and inverse pairs, or only enter the GBP/JPY if the GBP/USD and USD/JPY are both strengthening somewhat or alot. In the second scenario the GBP/JPY will slingshot upward at a very fast pace due to the GBP strength combined with JPY weakness.
Or another scenario is for a forex trader only to buy the GBP/JPY if the EUR/JPY, CHF/JPY and AUD/JPY are all strengthening as well, in this case the USD is not in the picture because of across the board weakness in the JPY. Either way you have confirmed the spot forex trade entry with other currency pairs in the same parallel group..
Another example would be to buy the USD/CAD only if the EUR/CAD and AUD/CAD are also rising. Similar rules can be applied to any major pair or exotic currency pair and easily monitored upon entry. In the case of the three CAD pairs, if you also do a careful analysis of forex support and resistance, and you can trade the currency pair with the most pip potential rather than just trading the USD/CAD.
But this is not what traders do, they get stuck trading the same pairs like the EUR/USD repeatedly and wind up justifying a trade when a trade is not there. These forex trade entries are not based on logic they are based on emotional needs. This leads to losses. The spot forex works in a very logical process and you must let the logic work for you. Stop looking at forex technical indicators and start looking at other pairs in the same parallel and inverse groups to support your entries, these are the best indicators available.
Across the board strength and weakness in the 8 major parallel and inverse groups of currency pairs occurs weekly in the forex. But if you search the internet far and wide you will see that parallel and inverse analysis of the spot forex is rarely and in fact never discussed by forex traders, forex analysts, and forex trade planning services charging hefty monthly fees. People are too busy looking at forex technical indicators and absolutely no discussion of the market forces governing the spot forex ever occurs. This has to stop or the forex industry and traders will suffer.
It is very rare if nearly non-existent for one forex currency pair to move strong without other currency pairs to confirm the move. This is true for any major or exotic currency pair. If you are “stuck” trading the same currency pairs while the other pairs and exotic pairs are making strong moves its time to look at all of the currency pairs every night for your forex market analysis then pick the best opportunities to trade based on parallel and inverse analysis.
In order to trade the spot forex daily and weekly, you must analyze 15-20 pairs every day to determine the current market forces within each parallel or inverse group of pairs. This forex analysis will lead to less forex trade entries, but more logical forex trade entries, and better methods of confirmation of forex trade entries when the movement starts. Parallel and inverse analysis is the logic behind the spot forex.Mark Mc Donnell is the lead trading plan writer for www.forexearlywarning.com, an inexpensive trading plans service available to all spot forex traders. He has many years of experience trading stocks, equity options and the spot forex. He has spent the last four years of his career devoted solely in studying the movements of the spot forex, conducting trend analysis, and determining how this impacts retail level forex traders. Mark is also the developer of www.theforexheatmap.com, which monitors 25 currency pairs in real time and is a visual map of the forex.
Spot Forex Trading – Parallel and Inverse Analysis
One of the most advanced Forex Robots on the market today, this robot is famous for not having any losses. Multiple time frames, trend detection, advanced algorithms, incredible profit!
Most Forex robots that appeared in the market are so-called “scalper” bots. In some cases they are some of the most common (and most hyped-up) FX robots. Therefore, I am always looking for unique EA solutions, the ones with real value. I have found such value with the MRN Bot, developed by forex legend David Morris.
Traders flock to scalpers because of their quick profit potential. However, they are quick to crash and burn as well. The reasons WHY these ultra-popular EA’s tend to incur losses is that they are only good for highly liquid market with small spread. Therefore they can be used only with specific pairs, such as EU/USD and at specific times. And no… they cannot just be left alone to do their work 24/5, they should be monitored.
This is the exact reason why the MRN Bot technology was developed. MRN Bot analyzes the spread and decides when it is safe to trade. Therefore it can be left alone to do its job and it can be used to trade pairs with close as well as wide spread.
With the PROOF behind this it looks like David’s about to introduce one of the few real “game changers” I’ve ever seen in forex over the past
few years. This is definitely NOT your “average” EA — and if you’ve been frustrated with the “same old” FX bots and outdated, sloppy software, you
owe it to yourself to check MRN Bot right now and download the free report that explains what it is all about.
Forex Profits Banker was created by James Hay for new and intermediate level Forex traders, who need the know-how and the right tools to become successful.
Although most people start Forex trading with an intention to make money as quickly as possible, typically they create more losses, as Forex trading is not a get rich quick scheme. It requires knowledge, experience and persistence. The Forex market is highly volatile and changing.
Forex Profits Banker was designed to provide solutions to Forex traders who want to step on the right path to success. It contains 2 manuals that provide all the information required to start trading and experience success.
The first manual includes all the fundamental information regarding the Forex market and how it works.
The second, advanced manual is teaching two forex strategies, that can be implemented on any pair, under any market condition – The Momentum Assault of riding current trends and Systematic Trading System.
In addition to the training manuals which will show you how to fully implement the strategies, read and analyze charts, the system includes Forex Signals Alerts systems that tells you exactly when to enter and exit a trade. The signals include entry, stop levels, trailing stops and target points.You will be notified about signal updates by email and will always have enough time to execute the trade after you received a signal. Since the market is followed 24 a day it includes the Asian, European and US sessions.
With Forex Profits Banker you will never trade in the dark again. You will have all the information and tools to step in the direction of profits. However, you must be consistent and implement it to see results.
If you are ready to take action, grab Forex Profits Banker and give the strategies a spin. Utilising these strategies and the signals service you will be able to trade with confidence and finally achieve real success.
