Forex Pips

Automatic Forex trading robots have become hot commodities among Forex traders in the past several years. These robots analyze the market and they are the ones who pick which trades to make. The latest in the recent influx of Forex Robots is the IvyBot.

The Ivybot was released on July 28, 2009. The Ivybot got its name because it was developed by a group of graduates of several Ivy League universities who have vast experience trading in the Forex market.

With a vast number of Forex robots out on the market, the results are mixed. There are times when a good robot is only good at the beginning and in the long-run will provide diminishing results. This is because market conditions constantly change and it is crucial to adjust and adapt to change and this requires flexibility.

IvyBot is for newbies in the forex trading business who do not have enough capital and time but would like to try in Forex trading. You do not need any prior experience with Ivybot because it is 100% automated, meaning the robot does all the work. Ivybot will not teach you what you need to know about currency trading, it will do the trading for you.

What is unique about Ivybot is that it consists of four Expert Advisors for the price of one. The versatility of the IvyBot gives it an edge over other forex robots. The designers wanted a robot that will also evolve together with the market conditions. To make this possible, the creators of the Ivybot designed four different robots for four different currency pairs. Most forex trading softwares can only handle the US Dollar-Euro (USD/EUR) currency pair. IvyBot goes beyond this currency pair and allots four separate forex robots for each forex currency pair. The following currency pairs are supported by Ivybot: US Dollar-Euro, US Dollar- Swiss Franc, Us Dollar-Japanese Yen, Euro-Japanese Yen. More currencies involved will mean more trades. More trade means more chances for profit. This is the selling point of Ivybot because only Ivybot has this and no other Forex robot can do this.

Another unique feature of the IvyBot is that the designers constantly monitor and adjust the robot to fit the current market conditions and these upgrades/adjustments are made available to owners at no additional charge. That is free upgrade for not just one robot but for all four robots. The best part about these upgrades is that Ivybot does it automatically. Ivybot holds a lot of promises, but like the Forex Megadroid, only time can tell which one is better.

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I have bought Ivybot Forex Trading Robot some few months ago. After using it for some months, I decided to put it under my thorough review and tell the general public whether it works or scam. What you are about to read now is my honest and unbiased review of Ivybot.

Ivybot is a forex trading robot that will enter and exit your forex trading for automatically. Ivybot is not like other forex trading robot I have used in the past. This is so because it does not use only one strategy. The other automated trading systems I have worked with in the past usually use only one scalping tool. As for ivybot it makes use of 2 major types of algorithms to analyze the volatile intensity of trends on specifics time frames and evaluate the trend time after time putting the variation of price into consideration till it discovers a profitable opportunity to enter a trade for you. There are other technical indicators attached to it to determine the most appropriate time to enter a trade which I will not about in this review.

There are up to 4 major currency pairs you can trade using Ivybot. They include USD/JPY, USD/CHF, EUR/USD, EUR/CHF. Ivybot utilizes only these four currency pairs, it makes use of these currency pairs because they are mostly profitable for forex trading. Additional reasons why these four currency pairs are predominant on Ivybot are because you can encounter marginal problems if the robot is made to work on anything that is more than four pairs. Nevertheless, if you chose to alternate its settings by changing these four currency pairs to include another one, it may become less profitable.

Ivybot has a friendly customer support which will provide you with any help you may need on the way. This way you will not be left in the midst of your problems. This should not be the major reason why you need to get the forex trading robot. The main reason why you should get it is because it is profitable. It is updated daily to be with current market conditions, this will afford you the chance not to lose any trade it places for you. This does not mean that Ivybot will not lose any trade it places for you, but it will minimize loses and maximum gains. This is made possible with the exit trade feature attached to it, which will exit a trade for you if it notices that the trade will not turn out profitable.

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