There are masses of forex expert advisors but Forex Torpedo has attracted my attention. Why? Because it claims to beat other EAs by rather than using just past data, forecasting markets. It says it uses artificial intelligence and other knobs and bells to do that. It is fascinating, but I have some concerns. Are not other EAs truly doing the same thing? There are plenty of bots that claim to use A.I out there and to be frank, there is not any way we are able to see how it’s used by them and if they employ it in any way. Anyone can say they use AI methods and get away with itbecause it is impossible to approve it. But at the end of the day what matters are the results. Does the EA produce good profit? That’s what matters, not that it foresees market or uses past info. Having said that, I could leave it there. Judge a foreign exchange expert advisor by the results, not by its features.

As a currency exchange trader you probably want to trade with a certainty that you’ll profit and you want to minimise your risk. There are plenty of methods to do that – from proper use of stop loss to correct scaling. However, one of the most underrated techniques is the diversification. Only a few traders actually diversify their portfolio through different currency pairs, and many of them just focus on a single currency pair. While focus is a good thing, diversification can help you protect your investment.

That’s the message that Caliber FX Pro carries. This software wants you as a trader to diversify your portfolio and reduce the risk that way. It really is a good methodology to follow. You can select from 3 currency pairs to include in your foreign exchange portfolio.

When trying to decrease your risk, use all tools you can. And that includes the diversification. It will enable you to spread your money across different currency pairs and protect your money that way.

You’ve read it correctly, I said one currency, not a currency pair. Most frequently currency exchange traders target one currency pair, but they miss a lot of other trading opportunities on other pairs. There is a middle ground and it is possible to focus on one currency in various pairs. Certain Forex robot creators have made a decision to do just that and made GBPBOT. This Forex robot focuses all on the GBP and its pairs. The advantage that it gives might not be immediatelly apparent. Traders are used to trade the pairs and not single currencies, so why target one now?

The answer is found in the idea of relationship between different currency pairs. The pairs with the same currency is concerned are related and behave in a similar way. That’s to point out, if one pair is trending, others with the same currency might be moving in the same direction too. But that won’t be that clear so we use that correlation. And you can see where it’s handy for foreign exchange trading EA creation.

A new currency trading program:

FRWC Royal Trader consists of top 5-7 currency trading bots from the Forex Robot World Cup that is about to end. Not only do these bots are the top performers, they run with a constantly updated live statements available for everyone to see for almost 2 months. In addition, it is sponsored by FXCM and Boston Technologies.

FRWC’s Royal Trader will consist of the top 5-7 winning Expert Advisors from the competition according to the final performance results of the live trading phase…

May be worth to give it a look.

Check it out:

Pip Android is the “most intelligent FX system” that promises remarkable accuracy and profitability. Most importantly, it will show live trading results to back up its accuracy, once it goes live.

Pip Android’s main features:

Provides live results updated every 10 minutes.
Trades in different market conditions (ranging, sideway, choppy, and trending markets).
Has a profit and drawdown protection system.
Works with any brokerage firm…

I recommend it – it seems promising.

Here’s a thing of interest. I think it is:

USDBOT is a 2 in 1 expert advisor for two currency pairs – EUR/USD and USD/JPY. The system is built around a strategy of a group of veteran foreign exchange traders, which has taken them years to perfect. The robot was built using the adaptive neural network technology which takes into account common trading strategies in addition to its own…

I recommend it as it really looks promising.