Often you will see how foreign exchange robot makers go out of the way to sell their product even if it is less than stellar. They come up with all types of big names for their features, they mention artificial intelligence, neural networks and all kinds of techniques. In reality, there is not any way to confirm what they use, and what actually matters is the particular performance. If a expert advisor doesn’t do good enough, the features are useless. If you take a look at the Elite Currency Trader, you will see how simple is their internet site. There’s only one back testing report which shows a decent performance and some information about the background of the system. There are no complicated photographs or spectacular videos, only a few informative videos and some relativey brief text. The simplicity is charming. And being a fan of easy but well done robots I’m actually impressed.
Of course, anybody can do that, and simplicity doesn’t tell more about the results than the exaggeration. In this example, we can see some real trading results from the independent professionals and it does look good. So far so good.