Forex Festival

You’ve read it right, the headline says one currency, not a pair. Most often currency exchange traders target one the pairs, but they miss a lot of good trading positions on other currency pairs. There is a middle ground and it’s possible to focus on one currency of several pairs.

Certain Forex EA creators have made a decision to do exactly that and created GBPBOT. This Forex robot works on the GBP and its pairs. The benefit that it gives won’t be immediatelly apparent, though. Naturally, traders are used to trade the pairs and not single currencies (that doesn’t even sound correct), so why target one now?

The answer lies in the idea of link between different currency pairs. You see, the pairs where the same currency is involved are linked and act in a similar way. That is to say, if one pair is moving in one direction, others with the same currency might be moving in the same direction too. But that won’t be that obvious so we use that link. And you can see where it’s handy for forex trading EA development.

Here’s something unusual:

USDBOT is a 2 in 1 EA for two currency pairs – EUR/USD and USD/JPY. The system is built around a strategy of a group of veteran foreign exchange traders, which has taken them years to perfect. The program was built using the adaptive neural network technology which takes into account common trading strategies in addition to its own. Thus the program is able to adapt to different market conditions or trends…

I do advise you checking it out.

Here’s something unusual:

Pip Android is the “most intelligent FX 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)…

It seems to me that this Forex software is be interesting.

Around this time last year (2008) FAP Turbo was released. I remember that day, even though I was just starting in this business. FAP Turbo rocked the Forex world and it’s still rocking. You can’t see that many robots that last more than few months, and this one is now over a year old.

FAP Turbo is pretty standard robot, it doesn’t have no fancy AI or other technology, but its simplicity is what made it popular. People are using it to date and new users start using it every day. It’s still going strong. And I still recommend it to anyone who wants to start trading in Forex.

So what is Forex MegaDroid? It was released in spring earlier this year. It has quickly got a following. This robot is a long term robot. That means it makes just a few trades per week, but it manages the risk to have long term profits. That’s good because often short term trading can end up like gambling. And you don’t want that to happen.

This EA is still quite popular. Even though it had ups and downs. However, you must know that losses are to be expected and planned for. If you know how to plan long term profits, this robot can do good for you.

There are a lot of Forex robot, also known as Expert Advisors, but not all are equally good. IvyBot is one of the better robots. It’s a fully automated software with a decent success rate. It’s adjustable to every traders needs and has a potential for any market conditions.

You can trade in short term as well as long term, with good success. Advanced traders will have an ability to change the risk and frequency at which IvyBot is trading. It has received a lot of attention when it was release and it’s still one of the most popular robots.

Is no loss possible in Forex trading? No Loss Robot says it is, but the review in the link says it’s just an advertising trick. And reading it, you can see why.

Still No Loss Robot may be worth a look if you’re interested in this kind of thing. There are lots of EAs out there and it’s really hard to choose. The only way is to test them and see if they work for you. So if you want to test another robot, here it is.

There’s another new expert advisor on the market, Forex Nuke. It’s built for the coming year 2010 and specifically for the estimated market changes during the year. The software has pretty typical features, it’s adjustable to make it work in short and long terms.

This software also comes with good video tutorials so it’s especially good for the beginners. If you want to start trading Forex or you’re looking for another system, this one might be good to look into.

The word is out that Forex Enforcer will be released tomorrow. It’s worth checking out if you’re looking for a software that works well under the current market conditions. It was built with that in mind. It adapts to the big market swings that are currently taking place and makes it difficult to predict the changes.

Forex Enforcer is an affordable robot and you may very well check it out if you’re interested.