Forex Maestro is the recent forex robot to launched on to market. Based on artificial intelligence neural networks to crack the Forex trading code, incorporating something refered to as CIM or Counter-Initive Movement (CIM) in currency prices. This forex robot could add a massive gain to your bottom line, averaging 9 out of 10 trades winning trades at an astonishing 91.25% winning rate.
Of course I often hear folks ask if a forex robot really worked then why would anyone ever make it available for other traders. Wouldn't you want to keep it locked up and secretly trade with it and build your own private fortune. It turns out that you wouldn't. First up forex robots require a lot of testing and with real accounts, expert advisors continue to change and the larger the user base the faster they can evolve. More importantly we must keep in mind an important reality that the Forex market is very large, absolutely gigantic! No matter if 3000 traders were running an identical forex robot on identical currency pairs, they’d still be such tiny drops in the currency ocean where where trillions are traded evey day. They just wouldn't have any impact on the others. This is not even considering that every trader is going to be running slightly different presets. For example scalper settings or long term trades. Optimizing for different trading strategies and profit objectives. Not to mention various risk exposure, stop loss settings, trailing stops, drawdowns, what percentage of the bank trade with. Its a rather long list. In short, your expert advisor trades according to your account situation, risk aversion and profit objectives. Hence no two traders are alike.
Review of Forex Maestro EA
What a forex expert advisor brings to the table is awesome analytical power, quick reaction speeds and rock steady trading execution based on your chosen strategy. Best of all, they make it possible for total newbies to enter the exciting and lucrative world of forex trading without the need for any experience before starting.
The Forex Meastro has only just been released and is proving to be a very exciting scalping robot. We’ve been running our own tests on Forex Maestro you can read our review at Forex Maestro Review
This expert advisor might be new to many however it has been in development for several years and a lucky few have been trading with it for more than a year. Now it is finally being made available to everyone at a very low entry cost and with a full 60 day money back guarantee. This price will be rising soon so you should definitely take advantage of this oppurtunity and test out this robot before the price rise. As always you should start with a demo account with a good broker and get yourself familiar with Forex Maestro before running it on a live account.
Here is a quick run down on the Maestro robot. This is a scalper robot. It has been preset to trade the USD/CHF USD/CAD EUR/USD EUR/GBP currency pairs. This is an exciting robot and it trades frequently throughout the day. It uses a unique system of counter intuitive trading, that is, when the trend moves against it, it will place additional trades to increase its profit when the movement reverses. Most of the time this strategy is extremely effective and can pull in winning trade after trade in a very short time. However it is also a risky strategy in the event of a big price movement against it which can result in big draw downs. This is not a robot you should leave unattended, unless you have adequately tested it on a demo account, have previous trading experience, and have carefully chosen your stop loss setting.
The setup of this robot is quite straight forward and the documentation is adequate. The documentation is more than enough for anyone familiar with metatrader4 with other expert advisors. There is also pro version of this robot with many advanced features, most control of settings and safeties built in.
You can download this robot and try it out risk free for 60 days here risk free for 60 days. However there are only limited copies of this robot available, so if you are considering using this you should get your it while it is still available.
Download Forex Maestro
As always, test your your robot thoroughly with a demo account before you start live trading.
For those looking for something a little a little slower paced from a truely top end EA that follows a minimal risk, maximum profit long term trading strategy you must check out GOMega Xray from Quantum Research. This EA will be available for 3 days only from March 19th to the 21st 2009. Even though Xray is a top end automated EA, The makers are offering a 10 day free trial to test out Xray. This is a great chance to get your hands one of the best EAs available. For information on how to get your 10 day free trial version visit GoMega download
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