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Here we are going to look a pro Forex robot which is free and makes huge gains and another Forex robot which has made millions in audited profits. These are Forex trading systems which have been around for over 30 years and they have made a lot of money and will always make money because the logic they are based on is timeless and will never go out of date so lets look at the pro Forex robots which are used by serious Forex traders but before we do, I want to make some general comments on trading systems which do make money and those that don't.
Trading Systems which Make Money In Forex Trading
You will see a lot of information on this site to do with Forex robots and Forex Expert Advisors and most are scams that don't make money. They claim to have algorithms which can predict the future and talk about using artificial intelligence and neural networks to beat the market but they don't work.
There is no way to beat the market and these systems are all hype. Anyone one who thinks that they can trade with 90% accuracy with their trading signals and have low downside volatility, should not bother trading currency markets. The point is you will have drawdown or losses and you won't have perfect market timing either. You will probably win on 30 – 50% of your trading signals which is fine if you run profits and cut losses and you will have periods of drawdown but if you are patient you can ride these periods out.
The Best FX Trading Systems are Simple
The best Forex trading systems are simple and that's a fact, if you make a system to complex or complicated it will simply have to many elements to break and will lose money so simple systems are best.
In addition to being simple, a system must trade the right time frame. Forget scalping, day trading or high frequency trading because all you are doing is trading the market noise and will never make money, as you can get the odds on your side. If you want to trade Forex the longer the time frame the better the odds so keep this in mind.
2 x Forex Robots Professional Traders Use
Now lets take a look at are pro Forex robots in more detail. Both are long term trend following systems which don't predict they simply follow price action and are based on breakout trading. All big trends in currencies and other financial markets start by breakouts to new highs or lows and this logic is soundly based and will always work as long as markets trend.
Richard Donchian's 4 Week Rule
This system was devised in the late seventies by the grandfather of modern trend following – Richard Donchian. It's a simple Forex trading breakout system and has just one simple rule which is – buy when the contract reaches a new 4 week high and sell when a contract hits a 4 week low. You always have a position in the market with this system and will catch every big trend. Of course it will have periods of losses when the market consolidates or moves sideways but longer term it will make a lot of money and you can get this free Profitable Forex trading system in our free info section and read all about how it works and how to add filters to suit your risk criteria.
The Turtle Trading System
This trading system was developed by multi millionaire trader Richard Dennis to show that anyone could win with the right set of rules in their trading strategy and is really a derivative of the 4 Week rule, with money management filters. This system made hundreds of millions of dollars for the traders who Dennis gave it to and have made countless millions of dollars since. The Turtle Trading rules are now available in the Turtle Trading Robot and if you want a proven long term trading system, for bigger currency trading profits you should check it out.
Final Words
There is no system that will make money all of the time and you will have periods of drawdown but both the above pro Forex robots, have made huge gains longer term and are based on logic which never goes out of date which is – if currencies trend long term they will make money. The accuracy of the trading signals on these systems is below 50% - so if you are looking for perfect market timing and can't take losses, these systems are not for you but if you but if you have a patient and disciplined nature and you follow these systems long term you will be well rewarded.
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