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The first thing I’ll point out is probably obvious.  You should avoid review websites that look too “hypey.”  These are generally the ones that have fake testimonials of how someone turned their $1,000 into $1 Million in 30 days.  You get the idea, right? 

This isn’t to say that you should not listen to or give credit to any of the forex robot reviews that have positive reviews.  And it doesn’t mean that you should be skeptical of all of the review sites.  In fact, there are some out there that have some very objective and positive reviews of the programs.  Here is the list of pointers to follow as you review any of the programs online.

Ease of Use:  The forex robot should be automated.  Most require only a windows based system and access to the MetaTrader 4 forex trading platform.  From there, it should just be a “drag and drop” installation. Scalping Settings:  Look for those programs with scalping settings.  These are becoming more and more profitable because the forex trader can basically rack up 10 – 20 small 10 pip gains per day for a total of 100 – 200 pips on a good day.  Or slightly less on a bad day.  Also, scalping settings generally have small stop loss settings that means you won’t lose much, and typically the gains will outweigh the losses significantly. Results:  Here is where it gets tricky.  You obviously need to pick a forex trading robot that has verified results.  But you want to ignore the hype.  Look for trading robots that have a real time updated frame that verifies results in real time.  This is powerful as it cannot be faked as easily as a broker statement.  So don’t give much credit to the broker statement results.  And give lots of credit to the real time live trading results.

If you follow those three rules when looking at forex robot reviews, you’ll be able to remain objective and form your own opinions about any offering.  Also, don’t pay more than a couple hundred dollars on the high side for a forex robot.  Any more than that is highway robbery, in my mind.

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