How can I find an Automated FX Trading Software that will actually be profitable

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. However, is this a genuine situation or only a fraud, and the practitioners only con artists? 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?
Generally you have to test many systems before you can find one that will bring profits. 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. Inside the platform those forex robots are called Expert Advisors or short EA’s. Such an EA is nothing more than a software code, that gives the MT4 platform precise instructions what, when and how tor trade.

There is an enormous amount of information on this topic available on the internet. I am trying not to bombard you with an enormous amount of information at one time. 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 EA advertiser who mentions only about back test results is wasting a person’s money and time. Programmers use back test results to see if their work checks out. There are a lot of potential things involved that could make the results false. By using back test results, you can present trading results in a better light than by using live feed. This is a common ploy.

2. You should be depending solely on “forwad trading/testing results”. So forward trading results are simply actually taken 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. In this manner, a person can follow the trades, understand the methodology of the EA, and whenever needed see all trades taken by the EA.

4. The EA/robot ought to be simple to utilize featuring pre-arranged settings using an incorporated service to keep it current. 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. That way you can test it, demo first and if it’s not that good or you can not get it profitable, 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 isn’t this exactly what you want?