Do you want to find out more about the advanced Forex auto trading robot called the Pro Forex Robot and whether it really works? This software is created an underground trader, Ron Carter, who has been making a full time income trading the FX market.
On his website, he has put up his live trading results that are achieved using the logic that he has programmed into his robot. As a former full time floor trader, Ron has managed to automate most of his own trading process by requesting a programmer to develop this trading tool for him and his clients.
The method is based on how all long term bull trend start and continue – they break through overhead resistance and make a new high. Look at any chart of any Forex pair and you will see this is true. So rather than predicting a price change, you wait until it happens and then you jump on board and if the break is a good one, you have huge profit potential and low risk. Of course not all breakouts follow through so how do you pick the ones with the greatest chance of success?
There are two points you need to keep in mind. You want levels which have been tested several times before the break and have held and the time distance before between the test is also important; you should look for at least four tests or more and at least 2 of these tests should be more than 4 weeks apart. Generally, its the more tests and the wider they are apart the better the odds of success are.
Well, all things have their ups and downs and it is just up to the user on how to keep up with these to make sure that it will turn out well for them. You can first do a research on the Megadroid system and see how it can help you in your trading business.
John Adams is professional forex trader that has experience in using forex software trading technology. He is also writes reviews on forex software on this subject how to trade forex with a forex trading software. Click here to discover the secrets of forex software in 5 days or less.