How To Ensure Success When Using Forex Robots

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Please also watch: "Forex Hedged EA trading - direction does not matter" Learn how to make money Buying and Selling at the same time. https://www.youtube.com/watch?v=Oj7SfPrBCF0 -~-~~-~~~-~~-~- For more information go to http://www.expert4x.com or http://www.forextrading-alerts.com There is considerable untapped potential when most traders use automated Forex robots. The problem is that most users have not done their homework before activating their Forex robot so that they can manage it when live. Some of the errors Forex robot traders make are that they use default settings supplied with the Robot, they do not reduce their trading and position sizes and they don't optimize their robot settings. Any user of Automated Forex robot needs to know under which market conditions the robot does well and under which conditions the robot performs poorly. Generally some robots do well in trending markets and others do well in sideways range bound markets. It is very important that this is determined and tested before activating your robot with a live forex account. The main reason the automated robot can cause drawdowns on your trading account after being implemented is because the robot becomes out of sync with current market conditions. What many Automated Forex robot marketers don't confess to, is that during the periods used to generate their marketing results, they re-optimized the robot settings on an ongoing basis. They were constantly changing the robot settings to keep the forex robot optimized for the current Forex market conditions and environment. Forex market conditions constantly change. There are many factors that make up the nature and behaviour of the Forex market, like economic announcements, the price of oil, currency volatilities, trading volumes, economic conditions, political events etc. When the Forex market conditions change in nature the Automated Forex robot settings needs to be adjusted to these changed conditions. If the setting are not adapted the Robot is no longer in sync with the market. The default settings of the Forex robot that have been optimized for the market conditions at the time of the purchase are no longer applicable. When market conditions change the automated Forex robot does not make the reliable trading decisions that it did when the robot was implemented. The answer is in constantly changing the robot settings for changed market conditions and knowing how to. Learning to optimize an automated Forex robot is one of the most important skills for any Forex robot trader. In fact, the difference between good profits and losing your account lies in learning to optimize your Forex robot constantly. One of the ways of learning how to optimise your robot for changing market conditions is back testing it. Many marketers deceive clients about the truth about profitable back testing and optimization. They often advertise ninety percent modelling quality on back test charts. Highly competent forex traders and system developers test and optimize using techniques that achieve ninety nine percent modelling quality. The difference between the two is large when it comes to potential results. If the robot marketer were to show a long period back test with ninety nine percent modelling quality, poor optimization would become a much bigger factor. The problem is that they know that back testing produces more realistic results if it is done correctly at ninety nine percent modelling quality. It is highly likely that they use ninety nine percent modelling quality when developing their robots and only ninety percent when marketing. Other marketers prefer to promote their Forex trading Accounts as a means of illustrating the profitability of their robot and avoid the back test debate. Using an automated Forex robot can be a minefield but if you do your own homework and testing and get to know your robot in different market conditions, using back trading, you will soon develop robot optimization skills which will allow you to use the robot settings which give you the best chance of success. For additional information click on this link http://hedged4x.com This video has been created by http://expert4x.com to support the Forex Products and service available on their website. Expert4x Forex offers you many of these Forex trading money making solutions: Beginner introductions, manual trading techniques, Automated trading, using specialized indicators, subscribing to alerts, etc. Expert4x also supplies many FREE trading tools, magazines, movies, courses etc. More information can be obtained from the group websites: http://doubleinadayforex.com http://longcandleforextrading.com http://forextradeoftheday.com http://meetforextraders.com http://expert4x.com http://MoneyMakingForexTools.com