| Forex expert advisors are big business they all claim | | | | some of the most popular robots and the trader that |
| gains but the fact is most lose money so if you want | | | | was supposedly the developer, was actually an actor! |
| to find a winner follow the 4 tips enclosed... | | | | Try and find out some background of the programmer |
| Let's start with the most obvious question to ask of | | | | you can verify before buying. |
| any Forex Expert Advisor. | | | | 3. Are the Rules Disclosed to You? |
| 1. Is the Track Record Real or a Back Test | | | | If it's a black box system don't bother with it. You need |
| Simulation? | | | | to know the rules and the logic, to follow any system |
| Most Forex Expert Advisors have never made any | | | | with discipline. You need confidence in the system to |
| money and rely on back tested, simulations on paper | | | | make money or you won't follow the system through |
| and of course this is easy! Others present what they | | | | periods of losses. |
| claim are real track records but these track records | | | | 4. Technical Support |
| are not independently verified, so discount them. | | | | Before buying any system I always check the support |
| Only go with a real track record and it must be an | | | | by asking a few technical questions. |
| independent audit. If you do this check first, you will | | | | I can see how keen they are to respond and how |
| have already discounted of over 90% of the systems | | | | quick they do it. In my experience most don't bother or |
| sold online. | | | | take days, so I pass them by. Always look for |
| 2. What is the Background of the Programmer? | | | | unlimited, quick, professional support. |
| This is always a good clue to how the system will | | | | If you follow the above checklist, you will find one of |
| perform. | | | | the minority of Forex Expert Advisors that gives you |
| Beware most Forex robots are actually NOT | | | | the potential to make big long term gains and enjoy |
| designed by traders! Someone did a test on the net of | | | | currency trading success. |