Anyone scouting for forex trading software is bound to find the market flooded with this kind of software. The question is no longer whether to automate or not, rather it is about which way to go so as to reap the maximum from automation because one indisputable fact is that automation is a way to better the profits from forex trading. Ivybot as a fore trading robot has had its fair share of publicity and some of the players in the forex trading industry are now citing this as the software to lookout for in 2009.I partially agree with this statement. For one I would first of all like to present my biased view that this is a robot that was developed by graduates from the Ivy League. I call that biased because you cannot just vouch for something in the name of the Ivy League. But for me something from the Ivy League is halfway there.
More concretely though the developer of the Ivybot developed robot from experience and it was a combination of experience as well as financial intelligence of the Ivy League. Of course that can be countenanced by the fact that even the forex Megadroid was developed after a 42 year experience by the developers. But just to elaborate on some of the features of the Ivybot is that this robot is capable of dealing four pairs of currencies and for each pair there is a robot for it. That is to say that this robot is made up of four different robots in one.
The robot is updated every month and is thus sure to always have the existing market condition which means that it trades using the latest conditions. The robot has a 100 percent automation in addition to it being able to work 24 hours a day 7 days a week. I know that is a feature that you would expect from any automated system but sometimes these automated systems may not have that guarantee because after sometime the system starts to have erratic behaviors after operating continuously for some time. The operators also claim the highest rate of accuracy with this robot but again this is something that is better confirmed by the trader which means that one has to take the risk of taking on board the robot then learn from it as you continue trading. However, as much as that may sound risky it is encouraging to know that you have a certain degree of guarantee when using the robot. But remember the best is to always research on other robots as well because some of the features that may be accentuated by the developers of this robot may just be basic minimums for any automated system to operate.
No comments:
Post a Comment