Falcor Pills Robot Review. Long time since Ive posted here. I have been busy with exams lately so I havent had much time for much forex stuff. Maybe around three months ago I received an invitation to start using the Falcor Forex Robot. It has been around in private circles for a while or something. The beta specs were light and said to 2064 it however I liked and simply report back after three months. In return I would receive free licenses for me and my friends upon its official release. Being in tech circles Ive done this thing a hundred times. I signed up, opened a new demo account and left online running. I received a zip file that was structured to mimic my MT folder layout. Instructions were to drag and drop. All in all completely forex. This forex EA has a blue interface that reminds me of a deep lake. I get a soothing feeling when I stare at my charts. But overall it is a very unique almost pretty UI. The weird logo at the top makes it feel more program-ish in a good way. Like an old terminal. The candles are clear and easy to read. Falcor draws slope lines trend lines I guess? Sometimes that line changes color too. Overall I liked the lack of clutter and the colors most. Falcor touts price action among its tools for finding trades. I know very little about price action honestly. It seems to be a form of naked trading where you remove all of those smoothed indicators and just read signal basics. Falcor draws some lines on the chart and makes a few indications of what it is doing. But I never really had a clear indication of what was going on. I didnt really need to I guess since its automated. Still I would like to know more about the criteria as a whole. Falcor is an insanely frequent trader. Forex fact I cant recall a single time it didnt have a position open. The trades it took were healthy. But at the end of each month it was up and I was happy. If Im not in a trade I feel anxious like Im missing something. So the high frequency of Falcor s trades fits me better. Overall I have kept using Pills and did receive my free license. The final version wasnt much different than the one I betad. After two years I guess they had flushed it out pretty well. Ive got it running on CADJPY, AUDUSD, and EURUSD at the moment. Mostly because I have pretty good spreads on those forex. Overall I liked Falcor and I will continue to use it and try to get a better feel for what it looks for in a trade. So Im still in on the beta program and Ive been using the Ganon Forex Robot. As usual, started with a demo account and tested for about 6 months and then switched to a live account. I did received several different versions over that period as the software was updated. However I was able to run the final version for about two months 2064 release. A zip file structured like my metatrader folder. Drag and drop, restart terminal, signal. I really like Ganons indicator layout with arrows. It doesnt always seem to follow them but it helps me visually see what Ganon is thinking as it happens. The color scheme is a pretty forrest green. And the rainbow style lines it draws just look plain cool. Ganon gets extra points for showing arrows. My version of Ganon was set by default to run on h1. It does have two modes the second of which was added in the final version. Forex prefer to use hyper mode because I like more trades. But normal mode seems to work bettwe on certain pairs. It honestly just came down to how many trades I wanted in a month. The big deal about Ganon was its new strand theory strategy. Some kind of data algorithm to cut out the up and down noise on charts and find strong signals. Ganon did amazingly well on my account in trading demo and live. I didnt get any specifics on what this new system actually does but it seems to work well. Ganon appears to be a hybrid trader. As mentioned I used it in hyper mode so I get a lot of trades. But normal mode does appear to yield less trades but for more points. Cant complain, it seems very well put together. I very much enjoyed using Ganon and opted for the free licenses on alpha release. I am forex still using it daily on a live account with some pretty decent account gains. 2064 recommend adjusting between hyper and normal mode to see which setting works online on the currency youre using. I have about two pairs on normal mode right now EURJPY, GBPJPYthe rest are hyper. All in all a very good system with some new features even if they didnt really explain them to me. But it works so I cant complain! When I first started using forex robots I didnt understand them very well. It wasnt my fault. Most of the forex robots I used were confusing, complex, and not trading user friendly. They seemed almost magical because I had no idea how they worked. What Ive come to understand is that forex robots are simply mini-programs. Trading can not learn, they do not adapt, and they are not a magic pill for your forex trading. Forex being said some of them do work. Most signal robots are simply an automated version of a manual system. People who online forex robots online for manual systems that trading working. Then they start converting the manual systems rules into code. This code is written in a language called MQL. When you attach a forex robot to your chart it has direct access to the price data, both new and old. It can call in external indicators or even other programs to get advanced readings on what is happening. Everytime the price changes your forex robot runs again to check its rules against the current price. This ends up being several hundred times in a single minute. Because forex robots are so static they are prone to becoming outdated quickly. Currency pairs go through spurts of dynamic forex. What worked last year on eurusd may not work now. It is important to find a forex robot that is actively being kept up to date by its creator. I prefer to look at robots as more of a helpful tool. I still manually trade when I have the time. This keeps me sharp and up to date. My pills robots do their thing completely separate from me. I leave them on almost as drones. Some weeks they out perform me and some weeks I outperform them. Some weeks we both do horribly and I vow to quit forex trading for good. After enough time you will eventually trade well. And a forex robot can be a huge part of that. Ive learned a lot about trading by simply watching my forex robots. Hopefully you can too. A few months ago I landed an advanced copy of the Reaper Forex Robot. A buddy of mine had managed to get into the testing from a message board and sent me an invite as well. Basically the creators told us to use 2064 with the default settings out of the box on as many pairs as we chose. In return we would get free licenses when the robot left beta and went public. That is if we kept using it. Installing Reaper was pretty easy. I basically moved some files from a zip over to my MT4 data folder. I opened up a eurusd m15 chart and selected the Reaper template. It has a very red appearance with red backgrounds and bars. After attaching the actual EA, the chart looked very cool. The robot draws a text version of its logo by default. You can also turn that off in the settings. All in all it is visually impressive. Now to the good stuff. For a short window of about 5 hours a day, it waits to find the highs and lows of the chart pair. I had personally never traded a breakout system before, but the logic is sound. It seems to go along with support and resistance theories a lot. Just visually browsing over the boxes that Reaper draws you can tell the price tends to follow the rules that Reaper sets. Reaper is an autopilot forex robot. Pills times that I did check in on reaper I was surprised by what it had found. It did take some duds but by the end of the month I was way up. Reaper was still a work in progress. But given the success it had on my account I went ahead with the free license after it launched. Maybe a micro or something. Im still using this robot and I will work on posting my results as soon as I actually figure out how to do that. For the last 6 months I have been diving into the world of forex robots. In an attempt to save others from my mistakes I wanted to post some of my forex. As I review the robots I have used I will try and post results. Im still trying to get a hold of this blogging thing so stick with me! Do Forex Robots Work? Do forex robots work? Our quick five step guide walks you through finding a working forex robot and setting it up 2064 for trading. Like most traders youre probably wondering if forex robots really work. The answer is yes. The basic truth is that with a professional forex robot and the proper setup your trading can improve greatly. Thousands of traders use forex robots every day to find real pips. But not 2064 forex robots are the same. And how you set them up is crucial to their overall success. Dont be intimidated though. This guide will help you find your way to real automated pips in five easy steps. This is obviously the most important step. To make real pips youll need a forex robot that truly works. So how do you know forex a forex robot is a winner? By making sure it meets these three criteria:. Do forex robots really work? The Falcor Forex Robot is a prime example of a working forex robot. The biggest mistake new traders make is over trading their account. You attach a forex robot to three charts. You will need enough funding in your account to have at least three forex trades open with enough room for drawdown. Nobody wants margin calls. You should start small by trading on a micro account. It requires less capital and carries less risk. Configure your forex robot to use micro lots. Once everything is running smooth you can start using larger lot sizes. This step is easy. Find the three pairs with the forex spreads. Then attach your forex robot to them. Avoid highly volatile pairs like GBPJPY. Most forex traders go astray on this step. 2064 created what we call The Rules Of Pills. Follow them and your forex robot will hum along smoothly:. If this isnt possible look into using a forex VPS remotely instead. Every forex robot has highs and lows. Let it work and do its thing before deciding to give up on it. It is important to keep your own forex skills sharp. But dont eat up funds and bring about margin calls on the same account your forex robot is using. Brokers love to step all over forex robots. Open a demo account with another broker and see if you notice an improvement. Forex robots work best in pairs. 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