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Does the Best Forex Software Exist?

Every forex trader is searching for the best forex software, but does one even exist? First of all, we need to define what the best robot is to answer that question. To me, the top program isn’t the one that makes most profit (although that is critical) but how relieble it actually is. Running a few lucrative trades is not enough if with the subsequent trade it wastes your account. A solid strategy is what is the most important. So the best robot would trade with a good system and good fund and risk control. It sounds straightforward, but there are very few expert advisors that are able to do this. And there are plenty of that are outright losers.

So when you look for the best forex robot, look for one that appears to have a decent strategy behind it first. Then look for confirmation that it actually works. Don’t go for the next big thing once it is released, wait for it to prove itself in live trading. Look for old bots that folks are still using, because if someone is still using a robot one or two years down the line, means it is worth something.

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