How to find a profitable Automated FX Trading Software?

Perhaps you’ve been told that all you have to do is turn on and log in, and presto! — you’ll be making tons of money on your trading account. But is this a real scenario or just a fiction and those who proclaim this are just scammers? The individual has thought it to be correct, like every time, and the truth exists somewhere in between.

So what do you have to do to find such a profitable Automated FX Trading Software?
Normally, you have to test dozens of systems to find one that is really profitable. In addition, it should be profitable over a longer period of time. Don’t get me wrong on this one. Forget about the hype in the ads and sales pages, the truth is mostly very sad. In fact after testing 79 Automated FX Online Trading Systems over the last 3 years myself and losing some of my hard earned money trading them, I can honestly say that 95% of them are pure crap when it comes to ROI (Return Of Investment) and RTR (Risk To Reward Ratio).

The majority of the Automated FX Trading Systems are working based on the Metatrader 4 platform which is very common in the industry. Within the programming, these forex automatons are referred to as expert advisors, alternatively by the acronym, EA. Such an EA is nothing more than a software code, that gives the MT4 platform precise instructions what, when and how tor trade.

The internet is a fantastic resource for more information on the subject. However, I don’t want to give you so much information that you’ll get overloaded. So let’s get to the facts here:

The 5 Rules to find an Automated FX Trading Software that really works

1. Any advertiser of an EA that only shows you so called “back test results” isn’t worth your time and money. Back test results are mostly informational checks. There are too many matters involved in the results can be forged. In fact, back test results always provide better trading results than the live or forward testing/trading results .

2. Only Forward trading/testing results are reliable. Forward trading results are just absolute trading results.These are direct tests of the system under actual market conditions, rather than testing with stored data, like back testing.

3. The Programmer/Trader/Advertiser should have a live stream of the trades. That way you can follow the trades, get a feeling for the trading methodology and you can look at all trades the EA takes and has taken whenever you want to.

4. The EA/ trading robot should be easy to use with predefined settings with an integrated update service. That’s important, because otherwise you could spend a whole lifetime to optimize the settings and never get it right.

5 – A Money-Back-Guarantee for the trading robot. So you can test the EA and if it doesn’t work out for you, simply request a refund. That way you have accumulated some experience, but did not lose any money.

It’s that simple. A person who looks out and adheres to the main simple rules, he/she will be 95% ahead of the other traders in the market. Isn’t that what you want anyway?