Is Forex Ripper a scam? This automated Forex trading software, otherwise known as an expert advisor, was built to be a scalper as well as a day trader rather than one that would hold on to long term trades. Unlike many other Forex software, this one trades with much smaller stop losses and as a result, encounters much lower draw-downs as compared to other bots.
How Does Forex Ripper Really Work, and How Many Trades Does It Make Every Day?
It makes approximately 2 to 4 trades every day, and makes buy or sell trades when it detects short term trading opportunities using its algorithm. As compared to other scalping software that I have tried before, I have found Forex Ripper to make much smaller losses. Although it makes fewer trades per day compared to the typical robot, it does make many more pips for every winning trade.
Why Do So Many Automated Forex Robots Go Bust Over the Long Term?
My worst experience with using these robots is not really finding out their maximum stop loss amount before I started using them. This caused me not to quite taken aback when one of my robots lost all my 6 months' earnings within just 2 losing trades in 2 closely correlated currency pairs. So far, I am very satisfied with the risk management of Forex Ripper and the profits per trade are much higher than all the other software that I have tried before. If you are interested to find out more about Forex Ripper, you will definitely want to see the limited time Forex Ripper Bonus Download at the link below first.
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References:
http://forexripperreview-bonusdownload.wetpaint.com
http://hubpages.com/hub/Forex-Ripper-Review-Scam
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