Forex Octopus Software by Rita Lasker is much better than a plain robot. Forex Octopus System is more smart than a traditional indicator. Forex Octopus might be the best forex software developed by Rita Lasker and her team of programmers. Rita Lasker enjoys a good reputation as a forex robot developer. She has a number of stable and profitable robots to her credit.
What makes Forex Octopus so special is that it can trade 8 different currency pairs one at a time as well as simultaneously. These 8 currency pairs are USDCHF, GBPUSD, USDCAD, USDJPY, NZDUSD, AUDJPY, EURJPY and CADJPY. You can start as low as $200-300 and as the equity in your account grows add more currency pairs to the trading list. You can use one of Rita’s earlier products called Forex Trailingator in conjunction with this Forex Octopus on the pairs that contain JPY. This has something to do with the peculiar characteristics shown by these pairs when trending. These pairs are famous for strong trends that get reversed abruptly.
Testing The Forex Octopus
If you want to trade with all the 8 currency pairs using Forex Octopus, you need to look for a broker like Alpari UK who can offer all the different pairs. On the demo account, you can trade all the above 8 currency pairs simultaneously. When you get good results on the demo account, you can think about trading live with this Forex Octopus. Rita Lasker always gives 30 days no questions asked money back guarantee. So you can do the demo testing for a period of 30 days and see how this forex software works.
Live Trading With Forex Octopus
When you start trading live, start small. First open a micro account with a deposit of $250 and only trade one pair. After making a number of winning trades when the equity in the account grows, gradually add more pairs slowly as this will require more margin in your account. That will be only possible when the equity in your account grows to a sufficient level. Keep the overall risk level to 1%. As the equity grows in your account, gradually add more pairs when trading with the Forex Octopus System.