www.siliconforex.com
Silicon Forex is the latest automated Forex robot to hit
the market in the shape of an expert advisor for the popular
MetaTrader4 Forex platform. There has been quite a buzz
going on as of lately on different internet forums and Forex
discussion circles regarding
Silicon Forex, so I guess the
main question to address here is: why is Silicon Forex
receiving so much attention all of a sudden?
The first thing to note is that
Silicon Forex requires no
human interaction at all to operate. That's right, it's a
plug-and-play Forex robot that enters (and exits) trades on
autopilot. It's what we could call a “set-and-forget”
software. The installation process in itself is pretty
straight forward thanks to the step-by-step installation
video tutorial that comes with the product: within 5 to 10
minutes you should have Silicon Forex installed and running
on your computer even if you're technology-challenged (which
I am myself to be honest). Luckily, that detailed video
tutorial gets you running in no time.
Ok, now that we have that out of the way, let's dig a bit
further into
Silicon Forex itself… let's talk numbers!
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www.siliconforex.com <===
The software focuses mainly on EUR/USD (Euro against
American Dollar). That's the currency pair it's been
designed for and the one it excels at. Analyzing in detail
the system's track record throughout the last three years,
we can see that the win/loss ratio for
Silicon Forex has
been of 75%. That is, 3 out of 4 trades ended up in profit.
To be exact, the actual statistics for consecutive winning
trades versus losing ones is of 7-to-2. Basically what all
these numbers are telling us is that the Silicon Forex
expert advisor yields a positive trading expectancy, which
is probably the number one requirement when it comes to
trade Forex profitably in the long run.
Another interesting statistic of
Silicon Forex is that it
averages at one trade every three days, and the average
trade runs on average for 105 pips (US$ 1,050 per lot
traded). Why is this relevant? Because there are many Forex
systems out there based on “scalping” techniques, which is
Forex lingo for a strategy taking multiple small trades
every day aiming only for a fistful per pips per trade (US$
50 to 90 per lot traded). Scalping is usually regarded as an
inefficient way of trading Forex because for every position
we take there's a commission or “spread” we pay to our
broker. Those small commissions do add up in the long term!
So the fact that
Silicon Forex takes fewer trades (but with
larger profit targets) is positive for our bottom line as we
cut down on those expensive spreads. All in all, not only
Silicon Forex yields a positive trading expectancy but it's
also efficient in its trading strategy.
Finally, the three-year track record reveals Silicon Forex's
actual performance from July 2005 to July 2008: it's brought
a US$ 1,000 account up to US$ 11,676 using the system on
conservative mode. That's over 1,100% return on our
investment over three years, or around 30% of equity
increase per month. Considering I am a conservative trader,
I am more than happy to trade
Silicon Forex on conservative
mode for a 30% equity increase per month even though
aggressive users have reported a 72% equity increase over
one single month!
Is
then
Silicon Forex the ultimate day-job killer? I personally
don't think so – I believe that where Silicon Forex truly
shines is at providing a steady side income to our regular
day job. I plan on setting a US$ 5,000 account to trade
Forex using this automated robot – I am more than happy with
a 30% average return per month (that's US$ 1,500 monthly
profits on my US$ 5,000 account). And as profits grow I will
simply add money to the account in the future.
Sounds like a good plan to me: slow-but-steady Forex
success. That's what Silicon Forex is about.
Go to Silicon Forex Here
