Robotic systems have been around for a while. A lot of expert advisors being sold online are targetted for metatrader MT4 users and metatrader brokers. A lot are sold through landing pages as individual EAs that promise the world of profits and present a cherry to the eye of the budding forex trader.
There are many EAs around with the most popular being fapturbo. http://www.fapturbo.com Fapturbo has been around for some time and is considered a scalper, scalping style EA. There are others including grid traders and trend trading EAs. Each style has a different style of trading.
Buying an EA is simple but do they really work? The best way to buy an expert advisor is through a clickbank affiliated site as Clickbank offer money back guarantees. http://www.clickbank.com is one online site for buying expert advisors and so is http://www.ebay.com
Essentially you download the EA online after payment and attach it to a chart and away you go but are EAs all cracked up what they are made out to be?
I have bought many EAs and most dont work. Most dont have the money management tools in place or use crude forms of trading technique and strategy that when the market changes, the EA doesnt and the user is left with a very burnt trading account balance.
Price doesnt really matter as at the end of the day if the EA has poor money management then price is not an issue.
Some EA developers think that money management is outlaying a percentage of capital per trade rather than what the percentage of capital you are prepared to lose if the market "hit point" is reached - what the percentage of the account your prepared to lose before everything is closed out.
EAs provide no quick fix to wealth. There are alternatives. There are signal services or there are live trading rooms. One such trading room is called Proforexroom.com. Its a forex traders trading room. Primarily people are trading currencies in this trading room. The methods employed include: scalping techniques where quick profits are scalped from the market. Hedging techniques and trend trading techniques where positions are held short term in the market and the trend is captured either long or short, buying or selling.
PFR or proforexroom.com trade the major currency pairs. They have a professional education program and allow a free trial of 2 weeks at the time of writing. PFR also have a support mechanism in place where through skype you can have your concerns and questions answered.
To access a free trial of the service, go to http://www.proforexroom.com and register.
