A Sure-fire Test to Identify the Best Forex Robots

With the growth in the number of automatic Forex trading systems and robots on the market today, there are now a large number of affiliate marketing sites promoting these products. Most of these sites claim to offer an unbiased view of the best Forex robots. What you will find on these websites is any number of promotional tactics to suggest the robot or robots are they are promoting will deliver exceptional profits: Some of these will include:-

· Customer endorsements. These are simple to fabricate and often are given only at a time the robot is in profit.

· Back tested performance analysis on historical price data. . This is a notoriously unreliable way to test if a robot will deliver results in the present or future.

· a snapshot of performance live results at a time the robots was in profits. This is misleading as it does not show performance over the longer term.

· Emphasizing account balance vs equity and draw down. Often an account balance may look impressive but may be carrying a big draw down capable of margining out the account.

The ONLY way to tell if a Forex robot will perform over the medium to long term is to test it in real time with real live data, called a forward test. Forwarded testing tells you how the robot performs on a broker account with changing market circumstances and fluctuation broker spreads. So what you need to look for is identifying to top performing robots is:-

· Consistent and steady trades with more winning than losing trades.

· No big drawdown’s on the account

· Sound money management that protects the account equity.

Ideally you should test Forex Robots against each other during the same market conditions and starting with the same initial capital deposit. This way you get a true side by side comparison.

A site has been developed to do just the above and pits twelve of the most popular Forex robots against one another to identify the winner. See the current results at http://www.forexrobotstest.com.