Automated EA Forex Trading Robots

You can trade forex manual, watch the charts the whole day and calculate the probabilities OR you can fully automate your trading and make even more profit. So called EA's (Expert advisors) are FOREX robots that make the trades for you. You just include them into chosen currency pairs, set the risk level and other parameters and that's it. EA's are programs that calculate the probability and make the right trade the same moment they see a chance. But it's not that easy to find a GOOD FOREX EA robot. There is a LOT of different robots out there on the internet with very different strategies of trading. The price range is from 50$ and way up to 1000$+. But what if the robot doesen't work? You give a big amount of money just to buy a robot, let's say 500$, then you deposit another 1000$ into your trading account and after a month your robot kills that account and loses all your money? That would SUCK! So you'll need to find a GOOD profit making robot, test it on a demo account for a while and then put it into a live trading account. Don't rush into things too fast, because it can go very wrong.

Here's an example forex robot
MetaPro Forex
Price: 247.00 USD
Currency pair: EUR/USD
Timeframe: 1H chart
Take profit: Dynamic (this is important)
Stop loss: Dynamic (this is important)
Statistics

So why is dynamic profit and loss important? Let's say your robot makes a trade buy at 1.200 and sets the TP@ 1.250, SL@ 1.150. The currency pair starts to grow and let's say it's at 1.225 but the robot now notices that this is the maximum and it will not raise any more. If the take profit is dynamic, the robot will close the trade at that point even it hasn't reached the TP line.