Forex Robot Test: How To Risk-Proof Your Forex Trading Account

Introduction

Forex trading robots are a powerful tool to achieve a passive income from Forex without being chained to the computer for hours after work. That being said, most beginner Forex traders get severely burned by Forex trading robots, and that’s because they don’t do a proper Forex robot test before investing real money in their system. So how do you make sure you don’t get a malfunctioning robot on your hands? By the end of this article, you will know how to do a proper Forex robot test so that you can trade your robot with the utmost confidence.

Why Most Beginner Forex Traders Get Burnt On Forex Trading Robots

They say fools rush, and many beginning Forex traders make a fool of themselves by fully investing in a Forex trading robot before taking the necessary Forex robot test. While Forex robot sellers may promise the world and all the money in it on their websites, it makes sense to check the reported results no matter how good they may seem. This is because the results you see on their sites are often backtest results that have a high probability of errors. You owe it to yourself to do your due diligence in the form of a Forex robot test before committing real money to trade with it.

What if I told you that there is a way to guarantee that you won’t risk a single penny with a Forex trading robot until you are sure it works? In my time as a professional Forex system developer, I have brought many robots from concept to test to live trading, and there is a proven method for doing this that you can apply to your own robot trading as well. By just following these simple steps, you can be sure that your robot works before exchanging it with real funds.

How You Can Risk-Proof Your Forex Trading Account

If you can choose the best Forex trading robot before doing a Forex robot test, you have already won half the battle. When you’re looking for a real robot trader, look for one that gives you a moderate rate of return and an average win percentage. These robots tend to give much better results than the ones that promise you 95% win rates and the potential to double or triple your money every month. The best Forex robots tend to have a win rate close to 60% and a return of about 5-10% each month.

Once you’ve identified a promising candidate, make sure you’re covered by at least a 45-day money-back guarantee before proceeding. You will need a minimum of 30 days to get a proper Forex robot test, but I recommend 45 days to be on the safe side. If it’s covered by an extended warranty, it means the seller trusts the system and there’s no risk on your part because you can always return it if it doesn’t work as promised. Make your purchase and then open a demo account with a reputable broker if you haven’t already. Make sure that the liquidity of the demo account matches the live trading conditions, otherwise you are wasting your time.

All you have to do now is to run your Forex trading robot on the demo account for at least 30 days. Once the minimum period for the trial of your Forex robot is over, check the results of your trades and see if they match what is promised on the website. If so, don’t rush to invest completely. Deposit half of what you originally intended to start trading and wait another month for it to run on your live funds. If there are no unexpected events, then you are ready to fully invest and start making serious profits in forex trading!