Automated Forex Trading Systems - What Profits Do the Best Ones Make?

All Automated Forex trading systems claim to make big profits but most don't only a small minority win and here we will look at them and how much money you can expect to make with these trading systems.
The Forex trading industry is big and has a poor reputation as most Forex robots that promise gains don't deliver. Lets get rid of the vast majority straight away - You only need to look for one key fact, in relation to the track record and its - look and see if its real trading, or simply a back test simulation.

Most Forex robots present back tests as proof of there profit making power - but a back test proves nothing, as you know all the price history and can make up any track record with all the facts of the price history at your disposal!

If you see a track record with extraordinary gains and no real losses, chances are it's just a paper simulation.

Now we have got rid of the vast majority of losing automated trading systems, how about the ones with real track records, what can they actually make you in terms of profits?

In my 20 odd years of trading experience, you can normally expect up to 100% gains on high risk settings and the normal period of losses will be a few weeks to a few months. The drawdown (loss of equity) you can expect is about 30 - 50 percent.

You need to look at the long term with Forex trading systems and expect drawdown in the short term. All systems will drawdown and take a while to recover even the top ones, so you should judge any system over a 3 year holding period, short term losses don't matter - if you pile up big gains.

A very important point to keep in mind is to understand how and why your system works, so you have the patience to stick with it and enter your trading signals with discipline.

How much do they cost?

The good ones cost a few thousand dollars and there well worth the money - but you can get some great free systems as well. Don't assume just because a system is free it doesn't make money, there are some excellent ones for free and one of the best is the 4 Week Rule.

The 4 week rule, is a simple system, with just one rule and its easy to understand and use - look it up in our other articles for more info.

Automated Forex trading can make you money - but you need to avoid the systems that have never been traded (the bulk of those sold) get one with a real track record and have the patience to stick with it - if you can do this, you are well on the way to making triple digit gains in around 30 minutes or even less per day.



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