There is a huge industry in these - plug them in and get rich according to the hype, the reality with most of these forex robots is they will destroy your equity and do it quickly. Here we will look at why most lose and find ones that can actually make you money...

Let me ask you a question:

If you gave me $200.00 and I gave you $100,000 a year in return would you believe me?

Of course you wouldn't but that's what most forex trading robots offer! Now, let me ask you another question:

Would you want to trade a forex robot which had never made any money in real time? Again you would think I was crazy but most traders who buy a mechanical trading system do just that and you will see this on the rack record of most forex robots:

"CFTC RULE 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading.

and ...

Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown".

Now if you are wondering why most lose, you know the answer.

They have never actually even done what the advertising hype says which is make money!

Can you make money with mechanical trading systems?

The answer is yes, if you get past all the hyped ones which have never been traded, you will find some good solid ones with real time track records but you get what you pay for and expect to pay $1 - 10,000 for a decent one but you can also get a great one for free.

FREE Forex Trading Systems for Profit

The best in our view is Richard Donchian's 4 Week Rule - its only one simple rule here it is:

Liquidate any short positions and go long whenever the price exceeds the high of the previous 4 calendar weeks - reverse this trade, when the price falls below the lows of the previous 4 weeks. This system will maintain a long or short in the market all the time.

Simple? Yes, you could hardly find a simpler system and you don't even need a computer to use it but it works - test it and see.

If you use it, you will be in on every major trend and long term it makes money. In the short term if markets don't trade expect some losses but if you want to add a filter to prevent these you can. Exit on a 1 or 2 week stop and then simply take the next 4 week trigger.

This system is totally objective and can be used by anyone and being a long term trend based system, it will put you on the side of every major trend and can be operated in less than 30 minutes per day.

The system makes money and is nearly 30 years old and while not as trendy as more complicated systems - but in the brutal hard world of trading, you are judged on one criteria and one criteria only and its - how much money you make.

This simple system will leave the more complicated ones and robots with their simulated track records way behind.

So if you are looking for a mechanical forex trading robot then you have a choice, get a simulated one and lose, spend more on one with a real track record or you can use the free one we have just given you - try the free one, it works and is a great system, anyone can use to seek forex trading success.

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