Forex Robot

For those who is new to the jargon "forex robot" , it is the other name for expert adviser or short formed EA.   To be described further, it is program developed for the famous trading platform called Metatrader 4. The program is synchronize to your real forex account inside the Metatrader 4 platform and need to be run full time in your computer.  It means, that the computer need to be powered on and the Metatrader 4 needs to be open for the forex robot to work.  Otherwise, you will missed the trading opportunity because the program is design to analyze and enter after all the criteria for entering trade is met. 

In order for the traders to analyze and find the best trading setup of signals trading they need for a tools which can spend 24 hours daily 7 days a week look into the price action, analyze and entering trade.  So, the traders with the help of coding knowledge or computer programmer managed to develop programs that can trigger buy or sell position and can maximize returns.

Today, you can find hundreds or even thousands expert advisers in the internet.  Just search from the google box "forex robot" or "expert adviser" you will find so many names.  Some of the forex robot that I can recall are Megadroid, Forex Funnel and Fapturbo.

Forex robot is not free.  Some will only give you annual subscription or pay for every release and some will give you lifetime subscriptions.  

Talking about the success of these forex robot did to forex traders, I myself do not know actually if it give profitable returns or not.  But from my experience, you will be assured that you will got to spend sum of money for the forex robot to work for you. First spend money to buy the forex robot and secondly, pay all the electricity bills for keeping the computer powered on all time because forex robot need to be run all time together with Metatrader 4.  Thirdly, if not need to power on the computer, park your forex robot in an online/virtual machine for a subscription cost.  Then hopefully you will be patient to wait for the forex robot give profitable trade for you.  This is because, the stricter the conditions setup by the forex robot, the more time it use to look for the correct setup.