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Author: Admin | 2025-04-28
It is achieved through sophisticated tick data tools such as Birt’s Tick Data Suite, which takes real tick data from forex broker sources of historically recorded prices on a tick-by-tick basis.When back testing any Forex trading strategies, a set of specific parameters must be applied to a collection of currency pairs’ historical price data, analyzing the results forms the base for the strategy by showing performance over a fixed period with the longer the period back tested, the better.Robot developers that only use MetaTrader Strategy Tester as a base for back testing their trading systems should be open to question.Below is a screen print of the Forex Robotron back test. Test results shown on the charting software screen print goes back 15 years and is undertaken with 99% modeling accuracy using actual price ticks.7. Forex Robot ReviewsReviews are an essential consideration before purchasing a Forex robot. Both review sites and forums provide access to the best Forex robot reviews. They provide trusted opinions from Forex traders using the automated software or professional reviewers that extensively research a robot to make an informed decision about the best Forex EA.One of the best forums is Forex Factory. It has many members and active threads on the forum, with many focused on Forex trade systems.Review sites are an excellent place to read Forex Expert Advisor reviews. FPA is a well-respected Forex expert advisor review site. Here at Access FX, we offer thoroughly researched Forex EA reviews that include studies of performance, strategy, price, set-up, key features, and customer support levels.It is best not to take account of user reviews left on a robot developer’s website. It is questionable whether these are objective as it is not in the robot developer’s interest to leave up a negative Forex EA review that will impact product sales.8. The cost – How much are Forex Robots?Forex robots are typically available for purchase with a one-off upfront fee with free lifetime updates and ongoing customer support. It is less common for robots to be provided on a monthly or annual subscription, although this does exist.According to our research of the top 20 robots, all have an upfront purchase price, with the average costing $340. The cheapest Forex robot is the BF Scalper Pro at just $137, and the most expensive EA is the King Robot that retails at $1197.When it comes to price, the cheapest is not necessarily the best Forex EA. For a developer to maintain and even update the robot software, there are development and ongoing costs. Is the developer who offers a low-cost robot likely to continually test the EA, develop it, and release new versions? Forex trading robots may start trading using a profitable strategy, but without periodic re-calibration, as market conditions and trading rules evolve, they may become ineffective with a limited shelf life.As well as releasing new versions to ensure that the EA keeps making money, glitches and bugs are also a problem that can cause downtime from trading. A good programmer
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