Which Automatic Forex Trading Software Will Make You Money?

Did You Know That 90% Of Forex Traders Lose Money.

That's Why You Need A Robot.

But which one??

Automated Forex Trading Systems are not new. In fact, they've been in use by the top Forex broking houses and investment banks for many years because they work and work very well. Forex trading robots never tire, their decisions are not clouded by emotions or stress, they can monitor multiple markets, crunch mountains of numbers and analyse multiple forex indicators all in the time it takes for you and me to blink.

Until recently, automated Forex trading system had been restricted to expensive, proprietary systems that only the wealthiest companies could afford. But with the advent of online forex trading and the MetaTrader forex trading platform, retail traders can now acquire and use these sophisticated trading system for much less than it costs to open a forex trading account.

The 3 automated Forex trading systems below all use an Expert Advisor designed for the MetaTrader trading platform. They are easy to setup and use and have up to 60 days money back guarantee each. Although all 3 automated systems below are similar to one another, our top pick stood out by having a longer track record and better user feedback than the others.

Common Characteristics Of All 3 Forex Robots

Designed to automatically trade the EUR/USD currency pair
Works on the MetaTrader trading platform only. You need to join a forex broker that uses this platform. There are hundreds of such brokers.
Can be tested on a demo account first.
Works with mini account or standard accounts
Ideal for newbies to Forex trading
Consistent winning trades
You have to leave your PC on for the system to trade automatically.

Top 3 Forex Automatic Trading Software

Our #1 Pick

Forex AutoPilot System (FAPS) is the original deal, the one that started it all. It's been featured on Business Week, NBC, CBS, et al. Lots of successful case studies and testimonials. Works with the 1 min EUR/USD timeframe, so there are lots of daily trading opportunities. Although you can leave it running on 24/7, it's best to turn off the FAPS Expert Advisor at least 2 hours before any major EUR/USD news events and close open positions, if possible. FAPS may be good but it still cannot predict wild swings in the currency due to news events.

Visit The Official Forex AutoPilot System Site

Our #2 Pick

Believe it or not, Forex Tracer produced over 94.90% profitable trades from July 2006 to May 2008... well, in backtesting anyway. Still the modelling quality was 90% while means it's pretty accurate. Forex Tracer has been tested in all kinds of market conditions and for extended periods and works with the 30min, 1 hr, 4hr and daily timeframes.

This system has been getting good reviews on the Forex forums but traders should be aware that Forex Tracer uses a fixed stop loss of 250 pips. The downside to this is that while you may have many winning trades initially, one major market movement against you can wipe out all your gains. So, the advice above still applies. Turn off Forex Tracer before major news announcements.

Visit The Official Forex Tracer Site

Our #3 Pick

Silicon Forex was developed by a professional Forex trader and a computer enginner. The strength of this EA is the accuracy at which the system will exit open trades for profit and the very low drawdown for open trades. Silicon Forex works on a longer timeframe for the EUR/USD pair and will typically open 1 trade every 3 days. It's win/loss ratio is about 75% while is pretty good and the low drawdown means your deposit is less likely to be wiped out by a margin call.

Visit The Official Silicon Forex Site

Forex Trading News

South Korean Won Falls To 1-week Low Against Dollar
Monday in Asia, the South Korean won plummeted to a 1-week low against the dollar as signs a U.S. recession is easing helped strengthen the dollar, damping demand for riskier emerging-market assets. The won also weakened against the Japanese currency. - 5 months ago
Pound Slumps To 10-day Low Against Dollar
Monday morning in Asia, the pound tumbled to a 10-day low against the dollar as the British Prime Minister Gordon Brown faced a renewed challenge to his leadership after support for the Labour party plunged to its lowest level in a century in European elections. - 5 months ago
British pound recovers from 3-day low against majors; BoE rate decision in focus
Ahead of the interest rate decision by the Bank of England, the British pound recovered from a 3-day low against its major counterparts. - 5 months ago
Pound Rises As U.K. Consumer Confidence Hits Six-month High In May
Wednesday during early deals, the pound jumped to fresh multi-month highs against its major counterparts as U.K.'s consumer confidence increased in May to the highest level in six months as people became more confident about the prospects for the economy. - 5 months ago
Aussie Surges Up As Australian Economy Unexpectedly Grow
During Asian deals on Wednesday, the Australian dollar soared to fresh multi-month highs against its U.S., European and Japanese counterparts as the Australian economy unexpectedly expanded in the first quarter of 2009, avoiding two consecutive quarters of contraction. - 5 months ago