subject: Make $1m In 2010 With This Forex Robot Trading System! [print this page] Developing a good automated trading system is the ultimate dream of any trader or for that matter any systems developers. This is exactly what has happened in the last few years. The development of the MetaTrader MT 4 platform for forex trading also allows you to develop your own automated trading system by using a programming script and then use it as a plug in on the MT 4 platform. An automated trading system is just what the name suggests. You just have to set it once and then it trades automatically. Opening the trade when the parameters are right and closing when the profit target is met. These automated trading systems are also known as Expert Advisors or Forex Robots. In the last two years, many good forex robots have been introduced. Some of them are real good and are giving consistent performance.
So, there are many good forex robots now available in the market. The only way to test them is through live trading. A tough thing to do with your hard earned money. So what you need to do is first test it on your demo account. Now, there is a difference between live trading and demo trading. In demo trading, there are no emotions. While live trading is full of emotions and can wreck you. Emotions are what makes trading a challenge. Only those traders succeed who in the end, learn to master emotions. How to overcome emotions? Automated trading is the solution to overcoming emotions. Automated trading systems take many years to develop, test, fine tune and perfect. There are no emotions in an automated trading system. It just does what it is programmed to do! However, there is no holy grail. Market conditions keep on changing. The market of 2010 will be different than the market of 2009. Ground realities change, fundamentals change. technicals change. So these automated trading systems need to be constantly updated according to the new market conditions.
OK, our main purpose is to develop an automated trading system that can give $1 Million in 2010. What you need to do is to develop your own forex robot portfolio and optimize it for a 100% ROI per month. I show you how in this article.
Do the search for the top 5 best forex robots in the market. Download the best forex robot. First check that it has got 60 days money back guarantee, this way you can test it RISK FREE for two months. Optimize it for one currency pair, let's say EURUSD in 60 days to give you 100% ROI.
Download, the second forex robot and do the same. This time optimize it for another currency pair suppose USDGBP. Do the same with the third forex robot and optimize it for a third currency pair suppose CHFUSD. These three different forex robots have been programmed in a different mannet by their developers. So they will trade the markets in a totally different manner. So using three different forex robots hedges your risk. Using three different currency pairs also hedges your risk. These three different currency pairs are not strongly correlated. They will have independent price action in the market. So three different forex robots trading three different currency pairs is going to reduce your risk of trading a lot while at the same time giving you a good return.
You can optimize the three different forex robots simulataneously or one after the other. It is up to you. Now, start trading live with the first forex robot by funding $1,000 in your trading account. By the end of the first month, it would be $2,000 with a 100% ROI. Withdrwa $1,000 from the account and open another account and start trading with the second forex robot using that $1,000. By the end of second month, you should start trading with the third forex robot with $1,000. Now, all the three forex robots are on fire trading automatically. Just monitor the system each day for 15-30 minutes. By the end of the year, you would have made you $1M!
by: Ahmad Hassam
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