Have you ever bought a Forex robot trader and run it on Metatrader, only to find that it hemorrhaged money after a couple of weeks? Before you cry scam and return the FX trading system for a full refund, I want to let you in on a little secret that every successful Forex systems trader knows…
Your Forex robot trader doesn’t come with the ideal settings for trading, and once you optimize your FX trading system with the correct settings, you will see a dramatic improvement in your Forex robot trader’s profits and performance. By the end of this article, you will understand how the pros optimize their Forex robot traders and how you can level the playing field.
It’s important to understand that your FX trading system does come with highly optimized settings… but it’s optimized for the sole purpose of selling as many Forex robot traders as possible, and not actually for your benefit. Because of the intense competition in the Forex automatic trading industry in the last few years, rival developers of Forex robot traders have resorted to designing their Forex expert advisors to aim for higher and higher returns to capture more market share.
The conventional wisdom of all this oneupmanship is that potential buyers will go for the FX trading system that promises the highest return. The problem is, all this cranking up of returns also comes with a greatly increased risk of account blowouts, which means that there are a lot of good people out there getting burned because they don’t realize that the huge returns they are getting also comes with an extreme risk.
So how do you determine the ideal setting (and not the hyped up marketing setting) to use for your FX trading system? Easy. First, you put it through a proper backtesting process, then once you’ve ascertained the ideal historical settings for the Forex robot trader, you put it through a proper forward testing process to determine the robustness of your FX trading system moving forward. This is not a one off process of course, but something that you’ll be applying on an ongoing basis to keep your Forex robot trader in tune with the markets at all times.
How exactly do you do the backtesting and forward testing? Do you need expensive development software and programming experience? Thankfully, the only software that you’ll need is completely free and one that you already have… Metatrader! That’s right, with the Metatrader trading platform and some system testing knowhow, you’ll be able to do your very own professional backtests and forward tests right from the comfort of your home.
Every successful Forex robot trader user knows how to optimize their system with the ideal settings for safe and consistent long term profits. All you need to become one of them is Metatrader, a reliable source of price data which you can get from your broker, and specialized knowledge about system testing that you can research or buy in a readily available course online. So save yourself the hassle of a refund, and turn your dud system into a money making machine with just a few simple steps today!