Forex Geek Who Took A Junk Robot And Made $95,137

Have you ever tried to trade forex with a robot? Forex Robot Trading is the new fad. Every few days, you will find a new forex robot being launched with a lot of fanfare and hype. But the truth is, most of these forex robots are simply junk pieces of software that don’t make any real money rather they burn real money when you try to trade live with them.

Everything has been taken care of by the developers of that robot. You just need to download that robot, install it on your MT4 and fire it. It will start making money for you. Everything is supposed to be plug n play.

Now, you must be wondering why most of these robots don’t work. The reason is simple! Most of the robot programmers are not real traders. They know how to write an elegant piece of code. But they have no clue how that piece of code will work in the markets. Precisely, because of this reason, if you happen to buy a new forex robot, first test it thoroughly on your demo account for full two months and see how it demo trades. This is also known as forward testing.

Only after thoroughly testing a new robot on your demo account, you must take the liberty of trading live with it. Now, this exactly what Andy Slater did! He bought a $97 forex robot, tested it on his demo account, found it to be a junk piece of software. He simple went for a refund.

But Andy went one step ahead of most of the traders. He went to the forums and searched a free copy of that forex robot.

Infact, visiting these forums can teach you a lot about forex trading and forex robots. The best thing is you are getting this info FREE. As said before, Andy went to forums and dug out a FREE copy of that forex robot along with its source code. He went through the code of that robot and found it to be full of internal logical mistakes.

Now, Andy Slater according to him is not a forex trading expert or an expert programmer. But he had been fascinated by the world of automated trading and had been reading about it for the past 12 months. This meant that he had some knowledge of how these robots are supposed to work and how he could test them to figure out what was wrong with the code. So, when he looked at the code of the robot, he found it to be full of internal inconsistencies that were stopping it from making winning trades. It was obvious that the programmer who had programmed that robot had no knowledge of forex trading. Andy reprogrammed the robot by removing the internal logical errors in its code.

He had read about expert advisors and how they are programmed. But his knowledge was nothing advanced.

Moral of this story is this that you too can make your forex robot work for you by learning forex trading and a little bit of programming.

Simply don’t make the mistake of thinking that the robot is going to trade for you and you don’t need to learn forex trading.

Mr. Ahmad Hassam has done Masters from Harvard University. Discover a Forex Robot that made 2,300% NET PROFIT in 2009 and download the Forex Auto Detector Software FREE. Try the Forex Ultimate System RISK FREE by Bob Iaccino who regularly appears on CNBC, FOX Business, Bloomberg & CNN Money.