Both the Magic Machine and IvyBot Forex Forex trading robots that are otherwise known as expert advisors. Both Forex trading software running on autopilot and generating and executing trades even without human intervention. To each of these to use, all you need is a functional computer and high speed internet. You also have the option of adjusting the settings according to the level of risks you want to work. Both robots are designed to run on MQL4 language and are both compatible with the Metatrader4 platform. Under such agreements, we will also look closely at the differences in the hope of being able to choose which one will generate better performance in live trading.

IvyBot is known to work with four different currency pairs. All other robots forex trading in the market today, including Forex Magic Machine works with just one currency pair and this is the most widely traded in the market, USD / EUR. The IvyBot is designed to trade with USD / JPY, USD / CHF, EUR / USD and EUR / JPY. The IvyBot uses a complex mathematical algorithm developed by the team IvyBot. Unlike Forex Magic Machine, IvyBot no scalping system and acts in an average of several hours, ranging from one to under twenty four hours.

On the other hand, the Magic Forex Forex Trading Machine is a robot created by developers who are both almost forty years of collective expertise in Forex trading. What sets it apart from other Forex trading robots is his or her RCTPA Reverse Correlated time and price analysis system, it simply allows the transaction to be adapted by the current volatile market conditions and trends. It accurately forecasts how the market will go based on historical market movements stored data, so to see how the market will trend for the next two to four hours. I’m not quite impressed with the Forex trading robots that a greater degree of risk possible. After all, I am after a steady stream of profits for big workload. I would not make the mistake of having a losing streak, just because of one bad thought of, aggressive trades. The IvyBot has a constant upgrades in contrast to the stability of the Forex Magic Machine when it comes to evaluating any type of market you will encounter today. I do not need a Forex trading robot that is still developing whatever will work with a market condition that I experienced.

Forex magic machine is really a great tool used by beginners in the forex market. So, do not expect millions of dollars.