Your Questions About Forex Robot Trading Reviews

Carol asks…

What is the most profitable FOREX robot?

Hmm, hello all i just wanna maximize profit when i am out from trading..
Can anyone give me an advice and a little review (plus or minus of product) if can. THX

kenspong answers:

There is a website where they have reviews of over 8000 different Forex robots. They monitor them in real time, one trade at a time, and post the full history of each strategy with lots of graphs. Users are allowed to also post their comments and opinions of each one. Best of all, no backtest results can be posted, the strategies have to build their history in REAL TIME with actual trades, which is much better than backtests (since backtests are usually super optimized to perfectly trade what the market has done after the fact, which tends to be cherry picking and results in strategies that don’t continue to work).

I’ll put my link in my source(s) below. I suggest you bookmark it, and create a demo account to follow some of the strategies there. The top 20 are really good (you can sort them by profitability, or drawdown, etc). Good luck with your trading.

Paul asks…

Anyone bought Forex Megadroid yet.?

I had a chance to play around with a preview copy and I was blown away though I only had 10 minutes to investigate before my boss came back into the room. This forex robot has taking the best of all the recent forex automatic trading software robots and added a few features that we wished were in the robots we loved so much. If FAP Turbo was the best forex software ever made, Forex Megadroid makes it look like a Prototype. I need testimonials besides my own. You can read a review at

kenspong answers:

Let’s face it…you don’t really want an opinion; this is an ad for Megadroid.

I looked at the web site. These people are idiots. If you put in 10K and end up with 50K that’s a 400% profit not 500%. These guys don’t know enough about arithmetic to exaggerate correctly and I’m supposed to trust their computer program.

When you get all the way to the bottom, you find

“All results shown on this website are hypothetical, back-tested results”

In other words, nobody has actually used this program to make money. They just took a formula and kept rerunning historical prices through it and tweaking it until it showed a profit.

George asks…

What do you think of Ivybot? Does it really work? Honest Ivybot Review?

I have checked the sites below so far, but does anyone have any views on the new Ivybot forex trading robot? – Ivybot Review – Ivybot Bonus – Ivybot Scam – Ivybot Official Site

kenspong answers:

There is NO forex robot that can beat the market in the long run. This is from my experience in forex trading for years. Else everyone is rich. Here is a good read about forex signal company:

A Forex trader needs to learn and master the necessary skills to be successful in forex trading.

Michael asks…

Is AlfaForexEA a good Forex system?

Hi! I’m newbie in Forex. I have a question what do you think about this trading robot? I found this system review at this blog:

kenspong answers:

I believe most of them are crap.

If they actually believed in their system they would be no need to sell it to you as they would be making millions right now using it.

Their system requires element of luck.

Anyway thats my opinion

if you want forex educational material, contact me. I have loads.

Steven asks…

Is AlfaForexEA a good Forex system?

Hi! I’m newbie in Forex. I have a question what do you think about this trading robot? I found this system review at this blog:

kenspong answers:

Cheap forex robot obviously dont work, think about the general rule if something’s gonna make you 100% in 2 weeks consistently why would anyone sell it, Not to say there’re no viable forex trading robots out there but an easier and safer solution to get your feet wet into forex is to try a managed fund inquire with this company

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