Does the FX iROBOT work with ECN brokers?

ECN brokers have fast price feed and the spread changes constantly, so it is quite difficult to place profitable orders, but recently me and my programmer succeeded to create an ECN version of the iRobot. We tested it with a number of ECN brokers and it works quite well with some, but not all of them.

FX iRobot works best with brokers with low spreads, slow price feed and instant execution. Although generally ECN brokers are regarded as most reliable, not all systems work well with them and some Market Makers are very reliable too.
The FX iROBOT works quite well with many brokers with small spreads. You can choose up to 10 brokers and check by yourself the results by changing different parameters, especially the Safety Margin, which allows to open trades at specific conditions. The higher the Safety Margin, more positive trades can be executed, although less frequently.
I strongly advise you to open demo and real accounts with a few brokers. Don’t stick to one broker only, no matter how good it is. Check your systems as well as the FX iROBOT with a number of brokers, not only one. Opening a new account doesn’t take much time, but can give you enormous advantages.

Does the new ECN version also work with non-ECN brokers?

Yes, the new upgrade works naturally with ECN and non-ECN brokers (Market Makers). Only the way of placing orders is a little different. You will receive a detailed Manual how to place orders depending on the broker. It’s not very difficult.

 
Many brokers don't allow scalping so how can I use this robot?

There is a number of brokers, especially Market Makers, that don't like scalping, but there are many other Market Makers, that conditionally allow scalping, e.g. the order must be kept minimum for 1 or 2 minutes.

There is a new variable that allows to control the time before the order can be closed so the broker's restrictions can be fulfilled. Besides the new ECN version works with ECN brokers and they never forbid scalping and will welcome you if you make lots of money there using my robot and scalping strategy.

There are also other strategies that you can use, e.g. placing same Take Profit and Stop Loss value, e.g. 10 or 20 pips or opening opposite trades at 2 different accounts, etc. There is a number of useful strategies to “cheat” the brokers, and many clients apply them successfully.

Do you give discounts? $2,000 is too expensive for me.

You can get $50 discount when paying by PAYPAL or making a bank transfer.
I understand that for many people $2,000 is much money. But the FX iROBOT is not for everybody, only for those who can afford it and can see its power. Not everybody can buy a house, a car or travel frequently. However, with the FX iROBOT you can have those things and enjoy your life. The robot’s price lives up to its quality.
From my experience some people will prefer loosing $10k or even $50k in Forex to buying a really good trading system or EA. I don’t think $2,000 is so much if you lost already $50,000. You will have a chance to get your money back. Otherwise, you can always buy an EA for $100.

Can I test this robot on a demo first for a day or two before I decide to buy it?

Unfortunately we don’t give the robot for tests. You can test it on demo accounts or do trading on real account after you purchased it. Check the Disclaimer for details.
In case of any other FX robots available on the Internet or quality goods like a “Rolex” watch, you don’t get them for “testing” to see if you like them or not.

Does FX iROBOT work with 5-digit spread currency pairs? How big spreads can it trade on? How about variable spreads?

The FX iROBOT can work with 5-digit and variable spreads. 1-2 pip spreads are best, but spreads up to 3 pips might bring profits as well. In case of EURUSD most brokers have spreads of 1-2 pips, so this pair can be traded quite often. In case of GBPUSD there are a few brokers only with spread of 2-3 pips, so the choice is limited, but still possible.
If the variations in spreads are small, within 1-2 pips, the robot can deal with it. If the spreads vary too much, it will fail to produce profits.

Which timeframes does it use?

It doesn’t use any timeframes at all. It is based strictly on the currency price changes.

Is the internet and computer speed important with this robot?

Yes, both a fast computer and fast internet connections are very important for this robot since it analyzes lots of factors and prices and must send orders quickly to the broker before the prices change. So every millisecond counts.

How can I find the right brokers?

There are over 150 brokers worldwide with MT4 platform. Most of them you can fine here: www.mt4brokersreview.com You can find there lots of information about the spreads, dealing desk, etc.
You can also use search engine, check forex forums.

Can I use the robot/MT4 on my Mac computer?

Yes, it is possible. Although both robot and MT4 platform work only in a Windows environment, but you can download Apples bootcamp, which is provided for free, to run Windows and Windows based applications.