Forex Robots – Why they now work better than ever

Posted June 12th, 2010 by sharkdancer

With falling shares and low returns on investments, it’s becoming increasingly difficult to find a safe place to make small investments. Many people have taken this opportunity to make enquires about the Forex market. The Forex market is the most liquid market in the world and trades 24 hours a day and 7 days a week turning over a massive $3 dollars a day.

Now the one problem many first timers found was that over time and in the long run approximately 90% of traders lose money in Forex. The reason for this extremely high number is due to the time and energy manually trading forex takes. There is a huge learning curve that needs to be climbed before a trader can take to the market, not to mention a through examination of psychology and mindset. A lifetimes task in itself.

Fortunately new technology in the form of Forex Robots have come to the rescue. Forex Robots have been around for a relatively short while with new and more advanced models coming out onto the market all the time. They have become so popular that now approximately 25% of all Forex trades are now done by forex robots. The main attraction of a Forex robot is that it allows traders to leave their Expert Advisors to run on autopilot so saving valuable time in not having to sit in front of a screen all day. The other big benefit is that Robots don’t have emotions and therefore don’t make the fear or greed based errors that human traders do.

As with all technology the older Forex Robots were very inconsistent. They would do very well for a while and then would go into periods of losing money. If Forex Robots are so clever why does this happen? The answer is really simple. The older Forex robot models had set coding which only allowed them to understand a limited range of market movement. With new advances in technology forex robots are now programmed with their own intelligence allowing them to adjust to changes in the market.

Let’s explain in a little more detail. There are a variety of price patterns that can occur for a currency pair. Due to global macro economic variables a currency pair might show trending pattern where one side of a currency pair gains significant strength vs. it’s opposite e.g. the Yen strengthening against the British pound for a long period from July 2008 to January 2009. This is a trending market and a Forex Robot designed for a trending GBPJPY would have shown exceptional profits during this period.  However the run did not last. It never does. The GBPJPY pair came into balance at the end of January 2009 when the currency moves into a more sideways pattern. This is known as a ranging market. The trending Forex Robots that did so well for 6 month earlier would have started to lose money. It would expect the trend to continue and would make false trades. The longer the market traded sideways the more money would be lost.

This is where the new adaptive Forex Robots take over. IvyBot is the first of these robots recently launched onto the market. The developers of IvyBot have coded this forex robot to react to changes within the market. Allowing the forex traders who use them to profit for longer. Developers are also constantly updating the forex robot for changes as they happen within the market the beauty of that is all updates are passed on free to the consumer. The program has a 96% accuracy rating.

Why should you pick IvyBot above other Robots?

IvyBot uses the latest multi market adapting technology
·         Designed by Forex Experts and properly tested over a long time period
·         Superior profitability
·         60 day money back guarantee

Technology And Work Satisfaction

Posted June 10th, 2010 by sharkdancer

Technology relates to both the physical aspects of machines, equipment, processes and work layout, and the actual methods, systems and procedures involved in the carrying out of work. Technology is therefore a major influence on the general climate of the organization and the behavior of people at work.

During a study in a new American car assembly, developed by Chrysler, Walker and Guest, researchers examined the effects of mass production. They describe the characteristics of assembly line as: repetitious and machine paced; involving a minimum of skill; using predetermined techniques with no choice of tools or methods; and closely defined divisions of the production process. The workers were able to perform their jobs with only ‘surface mental attention’.

The nature of the job, the technological layout and the high level of noise restricted the amount of social interaction and contacts that workers could have with each other. The opportunities for interpersonal relationships were important, and when these were missing the workers felt deprived. The workers’ main contact with authority was through the supervisors and this was an important factor in job satisfaction. There was little contact with the managers and as a result relationships with management were considered of little importance. They also had a higher rate of absenteeism than workers did in jobs with fewer characteristics of mass production.

Although these negative results exist in most of today’s business units, information technology can have a severe positive impact on job satisfaction. New patterns of work organization are demanded, the nature and content of individual jobs is altered, the function and structure of work groups is subject to change, supervision systems are being renewed, responsibilities are shifted, and the management task adopts a new role.

Speaking generally, the major effect of computers, robots, and other new technologies on job design seems to be that the role of the human half of the partnership has changed, not that it has become less important. The new technology is creating a need for better-trained employees, in almost every case. The computerization of the banking industry has considerably expanded not diminished, teller training needs for example.

Because automation increase the need for skilled employees, research finds that the people who see automation as a threat to their job security tend to be skilled in opposition to those with higher skill levels. Employees with high skill levels react more favorably, seeing the situation as creating opportunities for them to expand their work skills.

Forex Robot Traders- Do They Really Work?

Posted June 3rd, 2010 by sharkdancer

Forex trading is a huge industry now days. There are gigantic fortunes that are gained each day by successfull traders. Unfortunately a lot of people that don’t know what they are doing are loosing lots of money also. If it were easy, everyone would do it, right?

Recently a few companies have come out with what they call Forex robot traders. What they are, are robots, or better yet computers, that do all the calculations of when to buy and sell. It’s supposed to take all the guess work out of the equation for you. You just set up the program and put it on auto pilot and watch the cash just pour into your bank account. Ahh, if only it were that simple. I won’t lie, these robots are pretty good and you can make money with them, but they also, like anything, do have their flaws. Here are a few that I have discovered.

First, MT4 robot systems work only on MT4, while the services that have an auto alerting buy/sell system are not limited to any particular platform.

Second, MT4 EA’s are based on pure mathematical formulas (mostly they are combinations of simple and exponential averages). Forex auto alerting is a self-learning system based on neural networks and genetic algorithms and as input it takes a lot of parameters (such as the day of the week, part of the year, other currencies prices, gold price, oil price, holidays, etc.).

MT4 EA’s can’t do it (or maybe they can, but they don’t as it’s a very complicated schema requiring a high computational power, which is impossible to obtain on a home PC). EA’s usually take in account only the history of the given pair and that’s all. We believe that the market can’t be described with such a simple math model with one parameter only. It’s a non-linear system like weather or flowing water.

While the robots are great, they are limited in what they can do. I’d suggest a program that

will give you ready-to-use Forex trading signals. Using them you can make money on Forex without thinking. This is most efficient and modern money making methods today. It can be used by anybody in all countries of the world. All you need is access to Internet few times a week, few minutes each time. That’s all. That way you can capture the the entire Forex market, not just the MT4 systems.

How Does a Forex Trading Robot Actually Work?

Posted June 2nd, 2010 by sharkdancer

 

Forex or the Foreign Exchange market is the largest financial market in the world, with a volume of over $2 trillion ($2000 billion) a day. That massive amount compares to a tiny $25 billion a day volume that the New York Stock trades, so you can see how huge Forex really is. By the way, Forex can be called, “Retail Forex” “FX” “4X”, “Spot FX” or just “Spot”. Forex actually equates to more than three times the Global trade of stocks and futures markets combined. Its so huge its awesome!

So what tools do you need to start trading forex?

Well that all depends on how you intend to trade. If you like the adrenaline pumping thrill like the pro traders on Wall street, then you can go manual. Let me warn you though, that this not for the faint hearted. You should spend money on a good trading education and not go live for at least 2 years. It’s no secret that over 95% percent of traders don’t last because they get to greedy and don’t stick the rules of trading.

What other options are there then? Well there are two other options, follow signals or let a robot do the work for you. Following signals involves signing up to a forex trade report from a pro-trader and follow his direction of when to trade and when not to. This is fine as long as you happy to stay up all night and get the signals, because forex trades 24 hrs a day, 5 days a week. It can also be expensive to subscribe and you have got to be able to trust the guy who is telling you to ‘Sell, sell sell”.

The other option is to trade with a robot. No not R2D2 from starwars, but a piece of software that will enter and exit trade for you. So what’s the pro’s? Firstly, it never deviates from the trading rules and is not susceptible to emotion and never seeks vengeance. You can also download it in one go and never have to pay a monthly ‘subscription’ fee. And you don’t need the two years of training to run it successfully.

So how does it actually work?

Well its really quite simple. The first thing you need is pretty obvious though, a computer with an internet connection.  Obvious, I know but some people have not fathomed this one before. What else? Well you need to sign up to an account with a broker and they will provide you with a trading program free of charge called Metatrader 4. This is the real machine behind the operation and allows you to watch market trends and make manual trades.

The last thing you need is the ‘brains’ of the operation. You must buy the robot from a separate retailer (eg FAPTurbo). You simply download it onto your computer and it saves to your ‘expert adviser’ folder in metatrader.  An expert Advisor is an automated robotic script written in MQ4 language that can work in the Metatrader4 platform and make trades for you! To get it make trades for you all you have to drag the adviser from the folder and dump it on the appropriate chart to trade from. You then click on the smiley face on the chart and adjust the parameters as specified by the robot provider?.

Don’t worry because the robot providers usually provide a comprehensive manual and ‘follow my mouse pointer’ videos so you can follow every step along the way.

Want to discover more about trading robots. I show my results with the world’s #1 forex trading robot at www.myfapturbostory.com

To your future forex trading success,

Andrew Welsummer.

Put a Forex Robot to Work for You

Posted June 2nd, 2010 by sharkdancer

As the years go by, Forex Market trading has become more and more automated.

Maybe you’ve noticed the many Forex Robots on the market these days. I sometimes grow weary of all the claims I get in my email inbox proclaiming the latest Forex Robot that will put you on Easy Street.

Although there are quite a few Forex Scams out there, I found through searching the Internet, in Forum discussions, and in technical journals some pretty convincing evidence that not all Forex Robots are created equal.

There are a few Forex Robots that are proving themselves trading in the currency market and creating an impressive percentage of wins to losses.

The things that stood out to me about these effective Robots was the fact that they had all been rigorously back-traded, the longest was back-tested for 9 years and made over 9000 trades.

They were also tested in live trading with some of them producing 85 to 100 % wins!

Since the Forex Robot is fully automated, it can trade for you 24/7.

The key to winning long term with a Forex Robot is to make a small gain everyday. Your goal is to steadily increase your profits for excellent long term gains.

Make sure you do your homework when you’re looking for a Forex Robot.

It should be technically easy to use and monitor and be backed by a group of professional traders who will be there for you 24/7 if you have any technical questions.

An effective Forex Robot can greatly enhance anyone’s trading profitability, and bring about long term profitabil