Today, a lot of online traders and brokers in the foreign exchange market are making use of multiple Forex robots in order to gain more profit from their various trading ventures. There are many robots that offer the potential for high profit generation, which makes it a challenge to actually select one that fits your trading style. Among these various options is the Speed Trader.
The FX Speed trader is a foreign exchange robot developed by James Sullivan. It was built based on an advanced Japanese trading strategy and strict monetary management systems. The Japanese people have always been recognized for their development of high quality software and profit making robots. The same process is now built into the FX speed trader.
It makes use of a low risk strategy that generates money in a faster and more accurate way than most systems on the market. Thus it has the ability bring in wins in a big way. This expert adviser is a scalping robot and has the capacity to perform on broker accounts up to an incredibly high 5 pip spreads. Normally, this is not the sort of performance that you can expect from a scalping robot under these conditions. This helps to validate how it is likely to perform on a live trading account.
The various back test results posted on its website show this potential for high performance. The strategies are currently tested on the GBPUSD pair, however, it can also be run on other currency pairs once you purchase additional licenses. These additional licenses for other currencies will give you the opportunity to make almost 20 trades each day on your account.
The robot also gives the user high flexibility in adjusting the money management settings, refining risk settings, minimizing loss levels and producing more profit. There is also an option to adjust your trading hours and to set up the session's start and end time, thus making the robot cease trading on Mondays and Fridays. This helps to ensure that you can always optimize your trading and keep up with the latest market trends.
Based on recent user reviews, the back test results on the currency pairs show have been highly accurate in real live trading. The software offers steady growth and does not seem to be excessively affected by the current market turmoil. This may be caused by the Asian trading sessions that tend to avoid the higher volatility experienced in the US and London sessions.
However when making use of this robot, remember that you need to have a broker who executes fast transactions and maintain a low spread in order to capture the best results as promised by the software.
The FX Speed trader also provides you with successful and profitable trading histories. It also offers varied test results and presents proof of earning data as well. When you purchase this package you will receive a free quick through installer, a set up manual, free regular updates and a 24/7 support hotline that can provide answers to your queries very quickly. There is even a 60 day money back guarantee offered for the software.