Forex Top List Team

Posts Tagged ‘automated software’

Forex Brilliance – Each Currency Pair Gets an EA

Tuesday, March 23rd, 2010

I see quite often different robots being created to trade on any pair. They’re never developed or even tested on all currency pairs. Typically there’s only one currency pair and it’s created and tested on it. But traders still use it on different currencies and see totally different results. However, I I suspect it only makes sense to have a robot made for one currency pair and trade with it on that one special pair all the time. That’s what Forex Brilliance developers think too and they have developed a suit of expert advisors that trade on particular major pairs. There’s no bafflement as regards what to trade it on and whether it should work better on one currency pair or another. I believe more developers should use this practice. Not only that, when you’re trading manually, you should consider that to be true for your manual system also. It’s a matter of chance, after you test and modify a system on one major pair, it’s likely to perform better on it. Of course, I do not say that there are no systems that are universal, but it is’s a lot more difficult to create and run such a robot.

Long Term vs Short Term Trading and Forex Ripper

Saturday, February 27th, 2010

There are 2 crucial terms in forex trading – short term and long-term trading. What are they and how they are different? Unarguably, short term trading is introduces more risk because with this method a trader makes more trades. The key is quicker profits. On the other hand, long term trading is more thought out, there are just a few trades a month and it’s a lot correct. There’s a lot less profit potential because there are much less trades. Currency exchange trading systems like Forex Ripper, however, try to take advantage of the both. Nobody says you have to only use one plan. You can trade both, short and long-term. What that does is allow you to get fast profits in short term, but also be rewarding in the long term. It is important to balance those secrets out. Because the near term method is much riskier, you have got to take that into account. You must mange the danger so that the near term losses don’t wipe out your long term profits. Consider the long run method as your principal technique and work out how much you are able to afford to lose in short term.

Single Currency for Best Trading Results – GBPBOT

Thursday, February 18th, 2010

You’ve read it correctly, the headline says one currency, not a pair. Most frequently forex traders concentrate on one currency pair, however they miss a lot of trading positions on other pairs. There is a middle ground and it’s possible to focus on one currency of several pairs.

One Forex EA developers have decided to do that and made the GBPBOT. This bot works on the GBP currency and its pairs. The benefit that it provides might not be immediatelly plain, though. Of course, traders are used to trade the pairs, not single currencies (that doesn’t even sound correct), so why concentrate on one all of a sudden?

The answer can be found in the idea of relationship between different currency pairs. You see, the pairs where the same currency is concerned are related and behave in a similar fashion. That is to say, if one pair is trending, others that inculde the same currency could be trending as well. But that won’t be that clear so we use that relationship. And you can understand where it’s useful for currency trading robot creation.It is an additional variable that plays the part in profitability.

Forex Cash Evolution – Tricks to Find The Best

Sunday, February 14th, 2010

Source: Forex Cash Evolution

The choice is crucial, and yet many of us do not get it right first time. Having the right broker can actually make a contribution to your profit or loss. So what should you look for in a foreign exchange broker?

1. Investment Level

Look for a brokerage service that’s aimed at clients at your investment level or a little higher. They vary widely from a $25 minimum right up to $10,000 or more . Don’t go for the currency exchange broker with the lowest minimum investment unless you are going to invest the minimum. Each company’s spread and services will be different, and you would like a service that could be a good match for you.

2. Regulation

Check their membership of regulatory bodies. This could give you some protection in the case of the company’s failure. Remember that the regulators will depend upon the country in which the company is registered. The main US regulators are the Commodity Futures Trading Commission ( CFTC ) and the nation’s Futures organisation ( NFA ). Foreign brokers may not be registered with them but will have other alternatives. Check exactly what those are and what protection they give you.

3. Platform

Take a look at the software platform. You can mostly access this in a demo account. Unless you intend to subscribe to a separate technical research service, you’ll need something that offers good charts. Some foreign exchange brokers also offer financial reports alerts which can be helpful. Do not forget to check the order process is clear and easy, to avoid mistakes.

FRWC’s Royal Trader

Saturday, January 30th, 2010

Here’s something new. I am not sure if it’s any good, but perhaps may be interesting nonetheless.

FRWC Royal Trader consists of top 5-7 currency trading bots from the Forex Robot World Cup competition that is about to end. Not only do these bots are the top performers, they run with a constantly updated live statements available for everyone to see for almost 2 months. In addition, it is sponsored by FXCM and Boston Technologies.

FRWC’s Royal Trader will consist of the top 5-7 winning Expert Advisors from the competition according to the final performance results of the live trading phase. You will get lifetime access to a members area which will include contact information for email, ticket-based and telephone support, a knowledge base, frequent live webinars, special guest interviews, an expert advisor Lab and more.

It will also include a special brokerage firmage bonus sponsored by FXCM, as well as installation assistance and support via phone, email, live webinars, videos and/or PDFs…

This appears to be interesting.

Pip Android

Sunday, January 24th, 2010

A new foreign exchange Forex robot:

Pip Android is the “most intelligent Forex system” that promises remarkable accuracy and profitability. Most importantly, it will show live trading results to back up its accuracy, once it goes live.

Pip Android’s main features:

Provides live results updated every 10 minutes.
Trades in different market conditions (ranging, sideway, choppy, and trending markets).
Has a profit and drawdown protection system…

Be sure to check it out.