Forex Robot Reviews
Smart Trader by Windsor Park Forex
Smart Trader is a Forex robot that was developed by Windsor Park Forex and has gone under the radar so far. This could be one of the most effective pieces of software on the market today. Learn what to expect from this particular piece of software.
Ease of Use: 10/10
Customer Service: 10/10
Price: $1500 and $195 per month
Smart Trader Review
Smart Trader is a Forex trading robot that you can use on the Metatrader platform. This particular piece of software is one of the primary products that you get when you sign up for a membership with Windsor Park Forex.
Windsor Park is a quality Forex company that focuses on Forex education and creating Forex trading software that you can use on your own.
One of the things we liked about Smart Trader was how easy it is to use. When you start trading with Smart Trader, you basically just put it on your account and it does the rest. You do have to choose what lot size you want and calculate how much you want the stop loss to be. Windsor Park recommends using half of the average daily range of the currency pair that you trade it with.
Another nice feature is that you can trade it on any currency pair you want. Some of the best currency pairs are the USD/CAD and the EUR/JPY, but you're free to trade it on any pair you like. It has a unique strategy that it uses on each pair. It also trades a lot in most cases. You should get several trades per day.
If you're like most people, you know that Forex robot reviews can be a bit biased. With this particular product, you don't have to believe any review that you read online. This is because the developer actually offers a free version of Smart Trader that you can use on a demo account for as long as you want.
Who does that?
Think about it for a minute. Would a developer with a crappy Forex robot really let anyone try it out for free? Hmmm...I'm going to say no on that. You would only let someone try it for free if you knew it worked and you knew it would work for others too.
So if you want to try the software out, you can simply get on their website and download it for free. If it somehow isn't profitable for you on the demo, you have lost nothing.
While this particular Forex software does have some good things about it, there are a few potential drawbacks. To trade it, you really have to have some capital to get started. Ideally, you should have at least $5000 in your account to make enough money to justify using it.
It's fairly costly compared to many of the other products out there. However, for a piece of software that actually works, it is more than a good value. You have to pay a one-time fee of $1500 and a monthly fee of $195 to keep using it.
The developer shoots for at least 10 percent per month, which is a very conservative and realistic goal with this product. This means that if you want to break even, you need at least $2000 in your account. Having $5000 to trade allows you to bring in at least $500 per month (but you could realistically make much more than this) which should be enough to cover costs and leave some profit.
We would recommend giving Smart Trader a try. You can trade the demo account as long as you want, so there's really no reason not to. If you don't like it, just move on to the next flavor of the week Forex software that will inevitably show up in your inbox next week.
If you want to get started, you can
download a demo
and see what it can do.
Return From Forex Robot to Forex Trading Software
Return From Forex Robot to Forex Trading