Does ForexRobot.com work? Forex Robot is a software that automates Forex, CFD and Cryptocurrencies trading. In the trading world numerous scams exist, that’s why you have to be careful of systems you choose to use. The ForexRobot has been designed by a team of professionals with years of trading experience and expertise.
Official Website: ForexRobot.com
Viral scams to avoid Bitcoin code, CryptoRobot365
Table of Contents
How the Forex Robot works.
With the ForexRobot you could trade currency pairs such as EUR/USD, USD/JPY, GBP/USD, EUR/JPY, USD/CHF, AUD/USD, USD/CAD, EUR/GBP or Cryptocurrencies like Bitcoin, Dash, ETC, Ethereum, Litecoin, Ripple. The software analyses the market with its inbuilt sophisticated indicators and generates trade signals which executes the trades on your behalf. The Forex Robot results are quite amazing and with good settings you could control and configure it to suit your portfolio. The Forex Robot demo account is nice place to see how this software works before committing your money.
Forex Robot Settings
This the area where you could configure the robot
Indicators:
They generate the trade signals, there are 5 to select from or combine as you wish. They are:
- TREND: This indicator looks at overall trends in the market.
- MACD: MACD measures differences between 2 moving averages. Plotting them against history, forecasts can be made.
- RSI: Simply put, when prices get too high, the majority will sell and when prices are cheap, people will buy. Following the people’s systems is usually profitable.
- STOCH: The system follows both speed and momentum of market conditions and determines trades based on these factors.
- WILLIAMS: The Williams indicator is what I would call an RSI indicator simplified. It grabs extreme over, or undersold areas and attacks them, normally in short positions.
- CCI: The Commodity Channel Index bases everything off a given average over a length of time, and uses that average to determine trends.
Trading Systems
The trading systems you could choose are
- Classic which is considered the most secure
- Martingale which can be highly profitable
- Fibonacci is the most accurate system
Maximum Simultaneous Trade
That is the number of trades you want the robot to carry out at any given time.
Currency Pairs & Cryptocurrencies
Here you select the forex currency pairs, for example EUR/USD, GBP/USD or cryptocurrencies like bitcoin, dash, ethereum; you want the robot to trade on.
Time Frames
You select the duration or time frames you want the trades to be executed. This ranges from 60sec to 60 minutes.
Forex Robot Withdrawal & Deposit
After you must have made profits with this robot and you wish to withdraw them, just click on the withdrawal button. You will be redirected to your broker account where you can effect your withdrawal. To start trading with this robot you have to click on the deposit button, where you would be redirected to your assigned broker to deposit. Afterwards, based on your ForexRobot best settings, you click on auto trade and the robot does the hard-work and make good profits for you.
Conclusion
After critical analysis of the Forex Robot Software by our team, we have come to the conclusion that it is legit and as such we endorse it. This software is different from the numerous scams out there which we have exposed, with some giving you unrealistic claims of turning you into a millionaire overnight. If you need consistent good profits then we advice you go for the ForexRobot automated forex trading software.