FXTradingReviews Forex BlogReal Reviews of Forex Trading Systems

1.Fap Turbo

Warning: Don’t Buy Fap Turbo Without the Bonus below

Fap Turbo took the industry by storm when it was released on 25 November 2008. The creators of Fap Turbo promised to deliver the most advanced Forex trading robot there has ever been on the market and so far they have not dissapointed the thousands of traders that were eagerly waiting for the launch. The reason why Fap Turbo is so popular is the fact that it offers a system that is more profitable and safer than the famous Forex Autopilot..exactly what the market wanted.

Instead of using backtesting reports to proof how profitable their system is (like everyone else does), the Fap Turbo creators have so much faith in their product that they publish real time statements of their own live accounts on the Fap Turbo homepage for everyone to see. I purchased Fap Turbo on the day that it was launched and 3 days after that it had already earned me 500 pips in profit on my demo account.

Another thing that is very unique about Fap Turbo is the long term commitment of the developers and owners of the system. Fap Turbo is definitely not a product that will just dissapear.. it is here for the long run and the creators are very committed to help every one of their users make money in the future. >>Read Full Review

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2. Forex Megadroid

NOTE: Don’t Buy Forex Megadroid Without the Bonus below

Forex Megadroid was launched by Albert Perrie and John Grace on 31 March 2009 and the buzz around this product launch was almost as big as the Fap Turbo launch last year. According to the creators, Forex Megadroid uses a new technique called RCPTA (Reverse Correlated Price and Time Analysis) and they guarantee that every single dollar you deposit into your Forex account will be at least quadrupled.

Another unique feature about Forex Megadroid is the built in broker protection feature. It is common knowledge that many Metatrader brokers trade against their clients and together with things like high spreads, offquote errors and slippage it has become very difficult for a trading robot to consistently make a profit. Forex Megadroid is the first robot ever to be released with a broker protection or anti-broker mechanism.

Does Forex Megadroid work under any market conditions with a 95% success rate as advertised? It is still too early to give a definitive answer to that, but since installing Forex Megadroid it has made 25 winning trades in a row in my demo account, so this robot shows promise and is definitely worth checking out.>>Read Full Review

[Click Here to Visit Forex Megadroid]
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3.Forex Autopilot

Forex Autopilot was one of the first commercial Forex Trading Robots to come onto the scene and it was by far the most popular product on the market before the launch of Fap Turbo. The Forex Autopilot system uses various different indicators to identify trends on the EUR/USD currency and the result is an an extremely accurate system that has a success rate of more than 90%.

Before switching over to Fap Turbo, I traded with Forex Autopilot for a period of 1 month and the results were very impressive. The system made only 2 losing trades out of 58 total trades and made a profit of +815 pips for the month. One of the big problems with Forex Autopilot is the fact that trades can sometimes go into large drawdowns of up to 500 pips and more. This does not happen often, but it does happen.

I believe that Fap Turbo is a better product, because it is safer and more profitable, but Forex Autopilot has the longest track record in the Forex robot industry and no list would be complete without it. >>Read Full Review

[Click Here to Visit Forex Autopilot]

4. Forex Funnel

Forex Funnel is another automated Forex trading system like Fap Turbo, but with one major difference – it uses a much more high risk/high reward approach to trading. Forex Funnel uses a varient of a famous gambling strategy called the Martingale principle in it’s trading approach, which is the main reason why I would not recommend this system top most traders.

When used in Forex trading, the Martingale strategy effectively has a 100% success rate (no losing trades), but there is also the risk of losing your whole account on one trade if you don’t have enough capital to work with. To learn more about how this strategy works, click on the link below to read my full Forex Funnel review.

This system is definitely not recommended to most traders, but if you have $10,000 to spare and would like to try a system that could make you a lot of money very fast at the risk of losing your whole account, then this system could be what you are looking for.>>Read Full Review

[Click Here to Visit Forex Funnel]

5. Pips Leader

The Pips Leader Forex robot is not as well known as the other products on this list but it is one of the most interesting Forex robots that I have tested and it deserves to be on this list. The Pips Leader robot uses a “basket trading” strategy, which can be extremely profitable and low risk if you understand the margin requirements and enforce strict money management rules. The core of the Pips Leader system relies a lot on hedging, so make sure that you select a broker that allows hedging before opening a live account.

Pips Leader can have up to 30 open trades at any given time and the key to success with this system is to understand the margin requirements. Based on personal experience, the minimum account size for trading with the default setting of 0.10 standard lots is $2000, so make sure that you adjust the lost size based on this ratio. For example – the lot size for a $1000 account should be 0.05 lots, etc. I have personally seen very positive results in my own Pips Leader tests and definitely recommend that you check this product out.

[Click Here to Visit Pips Leader]