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You may have heard one of these stories where people tell you that you only have to turn your computer on, login to your trading account, start your trading robot and the money rushes in your account. But is this a real scenario or just a fiction and those who proclaim this are just scammers? Like always, you guessed it right, the truth lies 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. And not just profitable in the short run but also in the long run. Don’t get me wrong on this one. Sure, everyone claims to have one that is profitable and will make you tons of money, but the reality can be very sobering. 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. Inside the platform those forex robots are called Expert Advisors or short EA’s. An EA is simply some piece of software that tells the MT4 Platform when to trade, which currency pair, which amount and how to trade it.
You can find tons of material on that subject on the internet. But I don’t want to overwhelm you with too much info. That being said, I will go straight to the points of interest:
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. That’s the case, because back test results are only an informational source for programmers to get an idea if their system works in general or not. There are too many things involved that can falsify the results. In fact, back test results provide always better trading results than the live or forward testing/trading results 
.
2. Only rely on the so called “forward trading/testing results”. Forward trading results are simply real trading results. Those are direct tests of a system under real market conditions and not tests with stored data, like back tests.
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 whenever you want to.
4. The EA/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. Why? You can test it (Demo first!!!) and if it’s not that good or you can not get it right, simply request a refund and you gained some experience but haven’t lost any money.
That’s all there is to it. If you only look for and follow these simple key rules, you are well ahead of 95% of all other traders out there. And that’s what you are looking for, aren’t you? Wishing you all the success in your FX Trading Forex career!
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