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StealPips vs Unlimited Forex Wealth which is the best forex trading software?

StealPips:
StealPips is a Forex robot created on the idea of diversification among short and long time frames. That means it works in two modes - trades frequently every day and trades safer in the long term by making less trades.

The diversification used in this EA doesn't end at the different time frames, it works on two currency pairs to increase the diversification even more.

Steal Pips system employs two proprietary algorithms - APAR and TULD. The former is an Automated Price Action Recognition is a set of algorithms that analyze and forecast short and long term price and market behavior. It doesn't use any indicators. The TULD algorithm (Trend and U-Turn Points Detector) is used to recognize market trends and identify market turning points.

In addition to that, the system is able analyze fundamental market scenarios and adjust to them automatically.

Other features are pretty standard for a Forex robot. It's fully automated, supports 5 digit and ECN brokers, includes broker protection, money and risk management system.

The back-testing results provided for StealPips, although it omits the drawdown or winning rate and it shows some considerable losses, the average win is higher than then the average loss during the period, and that's an indication of a well capped strategy. The live trading statements are also included but they are very short (1 week) to say much and don't even have a losing trade which would show how the EA deals with it. It is, however, obvious that the system moves stop loss to lock in the profit for each trade which indicates good risk management.

Some more details:

* Cost: $97
Unlimited Forex Wealth:

Unlimited Forex Wealth is a manual Forex trading system and trading course consisting of comprehensive manuals and video tutorials. The course covers everything from learning to use charts to advanced strategies, risk management and even controlling your emotions.

Unlimited Forex Wealth is a complete course for beginners and experienced traders alike. The course will teach you how to set up the charts and identify the entry points, how to manage your positions and how to find exit points, what stop losses to use. It includes a few strategies that are each detailed in manuals and videos. The strategies are designed the way that allows you to spend only 10 minutes every day to trade with them.

The videos show exactly what and when to do, what positions to open and when, when to close them, everything is detailed step-by-step.

Additionally you will learn risk management as well as controlling your emotions that are often guilty for trading mistakes. You will also get an insight into winning patterns that according to the authors are able to give as much as 8,000 pips per trade.

Some more details:

* Cost: $97
To know more about the
forex software
software please visit
iforexsoftware.blogspot.com

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