Are you looking for unbiased independent Forex robot reviews? Many currency trading software are apparently able to make high returns automatically, yet many do not live up to their claims. Every Forex software owner claims that they have the best tool for making money, but can you really trust them? I decided to test out this new Forex trading tool by Johan Ledger to find out what The Forex Wonder is all about and whether it really works.
1. What Exactly Is The Forex Wonder and How Does It Work to Make Money?
Historically, this robot program’s internal trading algorithm has managed to achieve a winning trade percentage of around 94%. This is slightly higher than the returns that most software are able to achieve. This software has the ability to adapt and adjust its trading strategies according to the characteristics of the currency pairs it trades in. For example, some pairs may be more volatile and thus take profit and stop loss goals need to be set further from the entry price.
2. Who Developed The Forex Wonder and Can You Really Trust This Software?
The owner of this software is Johan Ledger and he has lots of experience in the foreign exchange banking industry. In fact, he was an ex-banker in Chase Manhattan and has worked there for over 20 years. Today, he has managed to program all his trading strategies into this program called The Forex Wonder that makes trades on the currencies through the free MetaTrader 4 platform for him automatically.
3. The Forex Wonder’s Self Adapting Technologies
When you use this robot, you will find that it trades differently in different currency markets. It is programmed with mathematical formulas that calculate the maximum potential profits and losses on different currency pairs. From there, it adjusts its strategy accordingly to limit losses and maximize profitability.
About the Author:
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Independent Testing of Forex Robot Reviews
Do you want to know how to conduct independent testing of Forex robots to find out which are the most profitable currency trading software on the Internet today? There are now thousands of websites promoting the use of automated Forex robots as the popularity of currency trading increases every day. Also, these websites are using very strong sales tactics to pressure visitors to buy, making you wonder if they really work.
1. How Do You Know How an Automated Forex Robot Performs in Live Trading?
The best method to know if a Forex software really works is to see its live trading results, otherwise known as forwarded testing. This type of testing takes into account all factors like fluctuating broker spreads that affect a real live trade. This also means that a single Forex robot can produce slightly different results with different brokers due to these factors. One of the most popular methods to conduct forward testing is to run the robot on a demo account with real live trading data.
2. What are Some Factors That Need to Be Taken Into Consideration When You Are Testing Forex Robots?
The most important factor has been highlighted above, which is live trading results. All robots that you use with real money needs to have proven profitable performance in a live trading environment. On top of that, even if the robot can perform well in forward testing, you also need to ensure that it has been profitable in its back tests.
The next things you want to look out for are customer testimonials and endorsements. Try to find more sources of reliable of information before concluding that the robot really works.
Finally, there is one often overlooked factor that is the drawdown. Drawdown is a percentage figure that tells you the largest percentage of the bank that the software has ever lost on an account. For example if drawdown is 50%, it means that it had taken an account to half its value before. Everyone has different risk tolerance levels, so look for a robot that has drawdown safe enough for your risk tolerance.
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