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Discover Chris Rowe’s Options GPS-the ultimate Stock Options Trading Course that can make you a fortune in 2010. Chris is known as a master options trader. He was already a millionaire while still in his 20s when he quit Wall street. Read the story of Richard Samuels, a post office mailman with a head injury and how he made a fortune with these Forex Signals. The first ever Forex Robot World Cup ended. A cash prize of $100,000 was given to the top forex robot developer. This is what Mark McRae says: Listen to this young Jedi…Did you know that a third of all EU and US stock trades in 2006 were driven by automatic programs or algorithms. The number is slightly less for Forex at 25%. There has been a growth every year in just about every market towards automated trading. There’s nothing wrong with trading manually…

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Before I start to sound like I am starting a cult for EA’s you should know that I am a manual trader. That means I trade the old-fashioned way. I look at charts, make a decision then place a trade. But you simply can’t ignore the fact that EA’s are playing an ever-increasing role in the Forex market. I have a full-time person just working on EA’s. He works on converting some of my ideas into EA’s and helps develop and improve indicators that I use in my trading.

What I’m trying to say is this: there’s nothing wrong with manual trading, or using EA’s, come to that, there’s nothing wrong with using both. The only problem I have is whether or not the EA actually works. That’s why I like this Forex Robot World Cup. You can see what you’re getting and the whole competition is very transparent. Here are some of the reasons why I like EA’s…

1…They can trade when you are at work. If you have a full-time job you probably don’t have too much time to spend in front of the screen – that’s if you are not exhausted. An EA can trade for you, 24 hours a day, it never takes a break; you never miss a trade.

2…When you buy an EA from a reputable person or an organization like the Forex Robot World Cup, you know what you are getting. Transparency is the key here. There’s no reason for the results of an EA to be hidden. It will take you about 5 minutes flat to see if an EA has legs. Any person who does not give full disclosure is probably hiding something.

3…It removes all emotion from your trading. Ask any trader who has been trading for more than a few days what’s the hardest part of trading is…and they will tell you it’s controlling your emotions. It’s not easy to take a trade when you know your cash is on the line. It becomes even harder if you have had a losing streak. Traders tend to self-destruct but EA’s just do what they were designed to do.

I also like the fact that FXCM (the largest retail Forex broker in the world), and Boston Technologies are sponsors of this event. Anyway, the reason for this is to let you know that the live trading stage of the competition finishes tomorrow, Friday the 29th. You can still go along and have a look at the EA’s as they trade live until then. Don’t forget to click the charts and see the trades that the EA’s have made. Some people like a very high return regardless of the equity curve. That means your equity can go up and down a lot. Others like a nice smooth equity curve. Small steady gains almost daily. I suppose a lot depends on your taste for volatility. You can see both types of EA’s in the Forex Robot World Cup!

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