The first time I started trading automated forex systems was a losing forex trading experience. I was so bad at it, that I was inclined to believe that automated forex trading was all hype and would never be profitable. Over time, I have changed my attitude and automated forex system trading is now part of my forex trading portfolio.

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I found that there were a few things I never considered while I was trading automated forex systems. Some were inherent in the forex systems I chose and others were personal trading issues.

1. Ignoring Commission and Slippage in Choosing an Automated System

I am sure you have seen an automatic forex system that has wonderful results. The moment you try and trade it in your account, though you will find winning trades, the profits are not worth the risk.

This is mainly due to the fact that most automated forex system vendors omit trading results that have commissions and slippage. This is further aggravated by the fact that different forex brokers have different spreads. Do not be surprised to find an automated system that works with one forex broker but does not work as well with another.

2. Lacking Discipline to Follow the Signals

This is a misnomer. You buy an automated system that is supposed to place the trades for you, but you second the trades and instead place your own.

Second guessing the trading signals I got from my automated system only brought me loses. This happens so much with forex traders that most forex system vendors have established a rule where one has to show the trades they made before one can get a refund.

3. Relying On Hypothetical Forex Results

There is always a disclaimer in all good forex websites that says that past results are not an indication of future returns. Some are so honest that they do have a disclaimer that the results shown in their automated systems are hypothetical.

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So why don’t forex traders read these disclaimers before they buy an automated forex system? Forex traders are best advised that not everyone with a forex website is honest. Some of the results I have seen have been curve fitted to show great forex trading results.

I make it a point to figure out if the trading results shown for any automated forex trading system are hypothetical, curve fitted or just plain fake results created in a PDF file.

4. Using the Wrong Automated Forex System

An automated system should suit your needs. I am very emotional, so when I bought an automated system that was trading every 10 minutes, the roller coaster ride of entering a trade every 10 minutes just gave me ulcers. I had to find another automated system that had fewer trades and traded longer time frames.

If an automated system does not suit your style, then you might be disappointed in the long run.

Before you go complaining about a forex robot that is not working for you, ensure that you have done your homework. It is my view that most automated forex robots should work but the forex trader needs to ensure that he knows the system he is trading as well as ensure that it works for his purposes.

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The vast majority of automated Forex trading systems don’t work and you need to be able to spot them and its easy to do, if you follow the checklist enclosed, you can avoid the losers and find the best ones and make big profits… So let’s get rid of all the junk ones first.

The way to get rid of over 90% of all the Forex robots advertised is to see if it has actually made any money or its track record is simply a back test.

Go to the disclaimer and look for the words – “hypothetical”, “simulated” or “back test” and then you will know if it’s been traded in real time or just done on historical data.

These track records (and there the vast majority) are made up, knowing all the facts and normally show huge gains, with no real losses and offer the lure of an easy income, with no effort.

They literally buy and sell, knowing all the closing prices and bend the system to fit the data the test is run on. This is a bit similar to taking pot shots at a barn door and then drawing a circle around each one, after the event and saying you hit bulls-eyes!

Now forget the simulations and find one with a real track record, of at least 2 years, so you know it’s made real gains.

The best compound around 30 – 100% depending on how aggressive the system is.

Once you have done this check your happy with the losing periods – these will normally vary between a few weeks to a few months and lose anywhere between 25 – 50% from peaks.

After you are happy with the above make sure you understand the logic, so you can follow the system through losing periods with discipline.

If you don’t have confidence in the logic, you won’t do this so, do your homework and make sure you agree with the system.

Judge your automated forex trading system over the long term and ignore short term losses, all systems have them and you need to ride them out.

Get a good trading system and you will find it will make you great long term gains, in about 30 minutes a day or less.

You need to be realistic about trading long term and not look for a short term killing, you maybe lucky but most system traders judge their system long term and you should too.

Enclosed you will find a simple highly profitable free automated Forex trading system that savvy traders have used for several decades, to make big gains with and you can too…

You can of course buy one of the numerous junk robots which come with paper back tests, they have never made any real long term gains and the simulated made up track records never repeat – this one is the real deal and made money so lets look at it.

Its simplicity itself and only has one rule which is outlined below.

When prices hit a new 4 week high, buy and go long. Hold the position, until a new 4 week low is made take out the long and reverse short. Keep buying and selling new 4 week highs and lows and always have an open position.

This rule is objective, simple and all you do is follow it and while it may seem too simple to work the logic it’s based on is sound.

Take a look at any Forex chart and you will see long term trends that go on for many weeks or months and you will also notice that most of these trends start and continue from breaks to new highs or lows.

In essence the above is a simple, robust breakout system which will give you a good chunk of the big trends and of course big profits.

When markets don’t trend, it will of course lose for periods of time and you can ride them out or, you can put a filter in and have a closer stop – i.e. exit on a 1 or 2 week high or low, then wait for the next 4 week signal to re-enter. Either way, it will work long term but the filter will smooth the equity curve.

This system was devised by Richard Donchian who is considered one of the true trading greats, it’s has been used by many traders over the years and it will always work long term, because Forex markets always trend.

Most traders won’t use it though and the reasons are:

1.It doesn’t have hyped copy or an aggressive name that indicates easy profits

2.It doesn’t try and pick tops or bottoms and predict and while this is impossible, most traders like to try!

3. It’s not based on any complex algorithm and despite the fact that Forex is simple and simple systems work best, traders like complexity.

4. It holds long term trends and most traders have problems doing this, despite the fact it’s the way to make money.

This system works though and for the trader who isn’t looking to beat the market and wants to make solid gains, in around 30 minutes a day its ideal.

So take a look at the 4 Week Rule, its left to us by a true trading great and its free, so you have everything to gain and nothing to lose, by looking at this great automated Forex Trading system which has made great gains and will continue to do so.

Everybody dreams of making a lot of money with minimal effort. Foreign exchange traders are drawn to this dream, thinking an automated Forex trading system will help them realize it. But is it really possible to just turn the system on and wait for the money to come in? The manufacturers might make you believe so. Yes, it can help you make money. But, the sad truth is, many traders still end up losing rather than earning.

Let us try to see why the promised autopilot fails to make the said dream a reality.

A lot of Forex robots in the market today boast of track records claiming huge profits. What some traders fail to notice is that these claims are based on paper simulation. What it comes down to is that the program simply knows all the market prices. This is not proof that it will bring in profits. To know how much the closing prices are is not all there is to it in trading. So, in choosing a good system, do not go for simulated ones. Choose those that have proven records over a long period of time.

Do you wonder why some traders still do not succeed even if they are using good programs? While the simulated programs do not have real losses in real time, in the existing trading world, you will suffer losses. You do not need to fear these losses, as they do happen to everyone. This does not mean though that your losses are permanent. You can still make profits. For the moment, you will just need to ride out this short-term drawdown.

Some systems put you in a period of drawdown. During these times, avoid making emotional trading mistakes. Keep in mind that markets fluctuate and losses are normal so do not stop adhering to your trading signals. It is imperative that you maintain your mindset and discipline until you gain profits again. You can psych yourself up for this by identifying your worst drawdown and assuming at all times that it is just ahead. To add to that, always understand and believe in your strategy as well as your system so you will not hesitate to act accordingly.

Despite what is said in the previous arguments, an automated Forex trading system can work. It is a useful tool and it does work. However, contrary to what manufacturers might say, do not expect consistent profits and zero losses. No matter how intelligent the tool is, you would still need to rely on your own strategy rather than depend on an automated system. Unlike simulated programs, you would need to look beyond short-term and start seeing long-term.

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If you plan on learning Forex, or foreign currency exchange trading, software developed automated Forex trading systems will be the way you make your real and your practice trades. Most individuals will start out with a demo, or practice account, that will allow them to simulate Forex trades in order to build their level of proficiency. When choosing Forex software, here are some important considerations to keep in mind.

There are many online brokers that will offer a variety of demo and real accounts that are easy to open, along with a variety of learning resources. Some of the demo accounts may have a small fee, which will usually be waived once you become confident enought to open a real account. It is certainly worth paying the small fee to get started, as the first step toward becoming a Forex trader should be practicing with a demo account.

TO make a profit with Forex, it is essential to develop your skills, and to let the learning curve be with virtual money, rather than with real money. Once you are consistently making a profit, you can then take your knowledge to real world trading, and transition to an actual account. Another advantage of using a demo account is that it lets you become familiar with the software and the system itself, so when you do start trading you will be comfortable and can concentrate on the trades themselves.

Automated Forex trading systems usually come as either desktop-based or internet-based software. The internet based versions usually have several advantages. For example, by using internet-based software, you won’t have to deal with maintainance issues, and the software will usually offer more data security than software that is based on your desktop. Normally, the system will be on a data-encrypted secure server, similar to a credit card, which will protect your security.

An internet system will also be more convenient, as you will be able to check your account anywhere, which can be a plus if you travel frequently, and you won’t have to deal with downloading or storing the software on your computer. However, the effectiveness of internet-based trading systems is also determined by the speed of your internet connection. Having a DSL or a broadband connection is usually the best.

Its worth taking the time to find a Forex software system that works for you. Once you settle on a place to house your demo account, you’ll want to keep your real account in the same place. You can then continue to use the demo account to test alternate moves, and also to shadow the moves you make in your real account, to see if you are being too prone to risk, or too conservative.

Forex trading can be both lucrative and exciting, and its worth spending the time finding a forex software trading system that you will be comfortable with, and that you can understand. Internet-based software offers several advantages over desktop-based software, but whichever one you choose, ease of use and the ability to practice are essential.

If you want an automated forex trading system that works, you should look at the one enclosed which has been at the heart of many a great trading system over the last 25 years and made millions. Let’s reveal the system, how and why it works…

Before we start lets make a general point in relation for forex trading software.

Automatic forex trading systems have a poor reputation overall, this is due to the numerous junk systems that are sold with made up track records which are simply paper back tests.

Of course they don’t ever do the same gains in real time and the trader loses his money. The system enclosed however has been proven over the years and is still in use today and makes money.

The system is simple, it only consists of one rule and was devised back in the late seventies, by famous trader Richard Donchian, who noticed a cycle in the markets of four week trends and this cycle gives the system its name – The 4 Week Rule.

Here is the rule:

Buy a 4 week calendar high, hold an open position and then reverse it to a short, when a 4 week calendar low is hit. Wait for the next 4 week high, before reversing and going long and keep reversing as 4 week lows and highs are hit. The system always has an open position. While the system is simplicity itself, it’s obvious why it works.

It’s a simple, robust breakout strategy and it’s a fact most currency trends start and continue from new lows or highs.

Currencies trend for long periods, this system will get you in and keep you in on every long term trend.

The system doesn’t even need software; you can do the calculation in your head and its incredibly time efficient. The system also gives you a rule you follow and you don’t need to make any judgements at all – you simply execute the trading signals and that’s it.

It’s a simple, automated forex trading system and it works.

Its downside (and all systems have one) is when markets don’t trend strongly, it will incur drawdown and losses – but you can add another rule to smooth the fluctuations.

You can place a stop at a one or two week, high or low and then wait for the next four week signal to get back in.

Surprisingly, most traders won’t even bother with the above system despite the fact its proven longer term to make money. The main reason is – they don’t have the discipline to follow it.

It takes discipline to follow a long term system and most traders simply can’t do it.
They prefer unproven, back tested robots with fancy names and big claims yet, a free system that could make them money they ignore!

If You are Interested in Profits Then…

If you are interested in making money and have a disciplined nature you will love the 4 Week Rule which is a mechanical trading system that works. Simple logic yes – but it’s profitable and will continue to work, as long as markets trend.

Check out the system and you will see how effective and profitable it is.

Here we are going to look at a free automated Forex trading system that has been making big gains for decades and will continue to do so. Let’s look at the system, why it works and how you can use it…

Most people, who buy automated Forex trading systems, buy the numerous ones promoted heavily online and none of them deliver the gains they claim. Most are not even designed by traders but by marketing companies. This system is the real deal, designed by a trading legend and it makes money, let’s take a look at it.

The system was designed by Richard Donchian and is called the 4 Week Rule. The system is simplicity itself, with one simple, objective rule to follow.

Buy a break to a new 4 week high and hold the position, until a new 4 week low is hit and then take out the long and go short. Always maintain a position in the market and keep reversing positions as new 4 week highs and lows are hit.

You don’t have to make any subjective judgements and you don’t even need a software package to run this system. This system is so simple but don’t be deceived, it makes a lot of money and always will, because it is based on sound logic.

In essence, it’s a simple long term breakout trading system and will get you into every major trend. A look at any currency chart, will show you these big trends last months and the system will get you a good chunk of the profits from these big trends.

It’s a long term system and you will get periods of losses (all systems do) so you have to be patient but if you are, then you will be making some great profits from the big moves.

This automated Forex trading system, has been used by savvy traders for well over 25 years, it makes money and best of all its free. Take a look at it and you will have a system which can lead you to currency trading success too.

One thing is for sure, there is not a forex trader around who cannot get better and one way to improve your trading ability is to use automated forex trading software to add a few new tricks to your bag. Some traders believe that not only can it help them make money fast online, a software forex robot is also very good at helping you to add profitability to your good trades and decreasing your losses on the bad ones.

This software forex robot is not something to replace the trader, it is actually quite the opposite. You are still going to have to know the basics of trading and set the software within your limits, but a lot of the manual task work and guess work is taken out of the equation.

Once you get the forex software rolling, it is quite obvious that anyone involved in the forex market should want to use it. No more figuring out numbers by hand or even keeping records, the software will handle all of these mundane tasks for you.

One thing that a lot of people do not consider when they are talking about automated forex trading software is that it can not only handle the basic tasks for you, but it can ever teach ‘an old dog new tricks.’ There are different simulations or backtesting that you can run to help increase your every day skills as a forex trader. Everyone involved in forex trading should always seek to learn as much as they can at all times and this software is a wonderful learning tool.

While the automatic forex system is definitely great in most areas, it does have a few shortcomings. The most prominent of these is the software’s inability to compensate for a sudden change in the market that is based off late news. Whether it is the database information or some other reasons, the forex trader themselves will need to keep an eye on the trades when this happens to ensure that their money is protected.

As we mentioned before, this forex software is not to replace a trader, it is more of a tool than anything else. The value of it is in its ability to track and record all information and to keep an eye on your forex investments. In just about all areas it is very successful in doing just that, but this one small shortcoming will have to be watched. Regardless, this is something that every successful forex trader needs to educate themselves on and use in order to increase their level of success.

There are numerous automated forex trading systems sold online and the vast majority lose. By following the enclosed checklist, you can find the best in simple steps…

1. Has it Been Traded?

This is not as dumb a question as it sounds because most have not been traded real time. You will often see extraordinary track records for 100 dollars or so – but when you check the disclaimer it will say “back tested in hindsight” and “simulated”.

Anyone can make a profit knowing the closing prices, so don’t be taken in by the hype, look for the proof of a real time track record – if the vendor hasn’t got the confidence to trade it, why should you? If you discount simulations, then you have got rid of about 90% of the forex robots and trading systems sold.

These systems with track records promising financial freedom are a joke, as they don’t have any real evidence of profits so avoid them or lose.

2. Track Record

Ideally look for a track record of about 2 years or more, in real time and independently audited. This is long enough to judge and will give you an indication of the systems potential.

3. Check Drawdown and recovery time

While those gains may look attractive, give the system another look and assume you joined on the worst possible day. Measure the size of the drawdown and how long it takes to recover – is it to much risk for you? You must be able to take drawdown! All systems have them and you need to ride them out.

4. Confidence and Logic

You will never follow a system unless you have confidence in the logic so you need to make sure you agree with it. Never follow a system where the logic is not disclosed.

5. Operation & Support

How long each day does it take to operate and do you get support? Obvious questions if buying a ready made package. Ask a few questions before buying and check support staff are around to help you if you need it.

OTHER IMPORTANT POINTS!

The automated forex trading software industry has a bad reputation, due to the vendors who say you can make easy profits, with no drawdown. This is not the reality of trading!
A good forex trading system can make money and the best do 30 – 100% consistently, however most will have drawdown periods of – several weeks or more and drawdown around 25 – 50% of equity.

You therefore need to judge them long term and have confidence in them.

Don’t fall for hyped copy, look beyond it and follow the checklist above.

Most systems are a waste of money and have no proven value however you will find some forex automated trading systems which can pay for themselves many times over and lead you to currency trading success.

Enclosed you will find a simple point to check which will help you avoid the vast majority of automated Forex trading systems which lose money. Most traders don’t look at this key point and end up losing their money, let’s take a look at it…

The key point to look for with automated Forex trading systems is:

Is the track record real money or just a simulated back test on paper?

Now you would have thought that if you see a record claiming profits it would be real money in the market but go to the bottom of most of the systems sold online and you will see the words “simulated in Hindsight” and “hypothetical” in the disclaimer.

Now it’s pretty obvious anyone can make a track record look good, when they have all the facts to hand, anyone can make money if they have tomorrows closing price today but that’s not real life. Many of the Forex trading systems have track records that are better than the world’s top fund managers and you can buy them for $100 or so!

If it looks to good to be true it is and you don’t get financial freedom for $100.00.

Most vendors simply bend there system rules to the data to show a profit backwards and of course, when the user trades forwards it’s a lot harder and you cant bend the rules and the trader swiftly loses his money.

If you want to use a Forex trading system make sure it has a track record of real gains.

When you do find a trading system you then need to check the following

1. Check the logic and make sue you agree with it and have confidence in it so you can follow your system with discipline.

2. Check the track record and assume you started trading on the worst day and see how big the peak to valley drawdown is and how long it takes to make new peak in equity. Ask yourself can I stand that loss?

3. How long does the system take to operate? Make sure you have the time and you can execute the trading signals as the vendor recommends

4. Look for unlimited support and a good way to check how good it is – is simply to ask some question before you buy and see how quick the response is and how detailed.

Buying automated Forex trading systems is really common sense and you need to cut through the hype, to get rid of the junk ones.

There are some good solid trading systems out there though with real track records and if find the right one and incorporate it in your Forex trading strategy you will enhance your long term profitability.