Forex system evolution process has been proceeding for about 15 years. This process is behind stocks and futures which have been progressing for about 20-22 years. Currently, the average person can trade Forex which just a few years ago was not reasonably possible.
The "Holy Grail" for all markets has been to produce trading systems or software that could recognize certain market characteristics and enter and exit high probability trades automatically with little or no human input.
Also, the forex trading software would have a high success rate and have a cost that many people could afford. Additionally, another goal is to remove human emotion from trading, which is a key problem with many traders. Wouldn't anyone want a product like this?
That is a lot to ask for and the perfect product does not exist. However, the automated Forex system trading products have evolved sufficiently to approach the above goal.
Most current automated systems produce a signal based on certain market conditions. These systems range in success rates from very low to very high. There are some very good systems on the market. You just have to find them. However, as with all evolving and expanding markets, there are some products that sound good but mainly just take your money.
The price of better systems can be somewhat high. We reviewed a recent automated system with a price of about $2,000. This may be high to some but the system seemed very good and you should be able to recover your investment quickly.
Also, the indirect cost of a bad system is the loss of your Forex broker account money, which could be several thousand dollars. So there tends to be a trade-off between the price and ultimate cost of the system.