Best Forex Robots In The World
If you lot are looking for the best forex robots, you have come up to the right place!
Here you will notice a hand-picked selection of the best forex robots based on over fifteen years of researching and testing every forex robot that you could imagine.
What is a Forex Robot?
Forex robots will scan the forex market for trading signals based on circuitous algorithms that they incorporate. When they find a valid trading signal, they volition enter trades and manage them on behalf of the user. This makes them fully automated forex strategies suitable for traders of all experience levels.
Forex robots are too commonly known as Forex Expert Advisors or Forex EAs for brusque. This is because the majority of them run in the pop and free to download MetaTrader platform, which refers to automated forex systems as Forex Proficient Advisors.
Whilst at that place are many forex robots that you tin can purchase, some of them are ameliorate than others. Here we will take a await at some of the best forex robots and what yous tin look for when deciding which is the all-time forex robot for your own individual needs. We volition as well embrace in particular how to setup and employ a forex EA on a trading account.
At present without further ado, allow'south become right into it!
Top twenty Forex Robots
This table displays verified trading accounts of the best forex EAs so that you can compare forex robots performance and statistics to aid you lot decide which is the best forex EA for yous. The table also includes links to my forex robot reviews and the official website of each forex robot for your convenience.
| Forex Robot Ranking | Forex Robot | Forex Robot Review | Deposit | Residuum | Gain | Monthly | Daily | Drawdown | PF | Days | Chart | Account |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ane | | Forex Robotron Review | $100.00 | $23,939.21 | +23,839.21% | 312.xi% | 0.37% | 30.10% | $23,839.21 | 1481 |  | Real |
| 2 | | Forex Flex EA Review | $10,000.00 | $145,280.04 | +one,352.80% | 27.x% | 0.thirteen% | 66.05% | $135,280.04 | 1992 |  | Real |
| 3 | | Forex Robotron Review | +2,922.96% | 24.thirteen% | 0.19% | 13.05% | 1862 |  | Real | |||
| 4 | | Forex Scalping EA Review | $l,000.00 | $6,113,317.31 | +12,126.63% | 19.07% | 0.58% | 24.54% | $half-dozen,063,317.31 | 826 |  | Demo |
| v | | Forex Flex EA Review | $10,375.46 | $6,934.18 | +789.02% | 15.44% | 0.48% | 13.42% | $10967.67 | 19037 |  | Existent |
| 6 | | Forex Flex EA Review | $28,674.63 | $117,572.19 | +624.35% | 10.76% | 0.34% | 72.12% | $88,897.56 | 2184 |  | Real |
| 7 | | Forex Flex EA Review | $25,821.10 | $67,787.07 | +655.96% | 9.67% | 0.30% | 56.61% | $41,965.97 | 1685 |  | Real |
| 8 | | Forex Flex EA Review | $41,789.31 | $92,107.36 | +419.12% | viii.twoscore% | 0.27% | 44.lxxx% | $50,318.05 | 1384 |  | Real |
| ix | | Forex Flex EA Review | $4,826.54 | $20,891.33 | +339.04% | vii.72% | 0.25% | 21.00% | $sixteen,274.09 | 1384 |  | Real |
| ten | | Forex Flex EA Review | $50,000.00 | $i,729,851.01 | +3,359.69% | 7.17% | 0.21% | 54.82% | $1,679,851.01 | 1657 |  | Demo |
| eleven | | Forex Robotron Review | A$12,745.10 | A$0.00 | +208.94% | 5.42% | 0.xi% | 23.19% | A$9,669.33 | 1246 |  | Real |
| 12 | | Forex Flex EA Review | $3,000.00 | $429,210.57 | +14,207.02% | 5.02% | 0.xvi% | 36.53% | $426,210.57 | 3052 |  | Real |
| 13 | | Forex Cyborg Review | +45.80% | 4.forty% | 0.03% | 10.68% | 1134 |  | Real | |||
| xiv | | Forex Robotron Review | A$iii,069.27 | A$six,624.lxxx | +348.38% | 4.39% | 0.fourteen% | 57.21% | A$three,555.53 | 1302 |  | Existent |
| 15 | | Forex Robotron Review | A$fifteen,390.90 | A$12,257.91 | +166.70% | 3.18% | 0.ten% | 30.81% | A$4,143.01 | 941 |  | Real |
| 16 | | Forex Cyborg Review | €2,210.44 | €one,108.67 | +190.79% | 2.27% | 0.06% | nineteen.88% | €4,073.90 | 1776 |  | Real |
| 17 | | Forex Cyborg Review | €xv,942.61 | €2,626.84 | +231.49% | 2.15% | 0.07% | 31.63% | €10,385.25 | 19037 |  | Real |
| 18 | | Forex Cyborg Review | +65.52% | 0.90% | 0.03% | 24.77% | 1680 |  | Real |
| Forex Robot Ranking | 1 |
| | |
| Forex Robot Review | Forex Robotron Review |
| Deposit | $100.00 |
| Residue | $23,939.21 |
| Proceeds | +23,839.21% |
| Monthly | 312.11% |
| Daily | 0.37% |
| Drawdown | xxx.10% |
| PF | $23,839.21 |
| Days | 1481 |
| Nautical chart | |
| Account | Real |
| Forex Robot Ranking | ii |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Eolith | $10,000.00 |
| Balance | $145,280.04 |
| Proceeds | +i,352.eighty% |
| Monthly | 27.10% |
| Daily | 0.thirteen% |
| Drawdown | 66.05% |
| PF | $135,280.04 |
| Days | 1992 |
| Chart | |
| Business relationship | Real |
| Forex Robot Ranking | three |
| | |
| Forex Robot Review | Forex Robotron Review |
| Deposit | |
| Balance | |
| Proceeds | +2,922.96% |
| Monthly | 24.13% |
| Daily | 0.19% |
| Drawdown | xiii.05% |
| PF | |
| Days | 1862 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 4 |
| | |
| Forex Robot Review | Forex Scalping EA Review |
| Deposit | $50,000.00 |
| Residuum | $vi,113,317.31 |
| Gain | +12,126.63% |
| Monthly | nineteen.07% |
| Daily | 0.58% |
| Drawdown | 24.54% |
| PF | $half-dozen,063,317.31 |
| Days | 826 |
| Chart | |
| Business relationship | Demo |
| Forex Robot Ranking | 5 |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Deposit | $x,375.46 |
| Remainder | $half dozen,934.18 |
| Gain | +789.02% |
| Monthly | fifteen.44% |
| Daily | 0.48% |
| Drawdown | thirteen.42% |
| PF | $10967.67 |
| Days | 19037 |
| Chart | |
| Business relationship | Real |
| Forex Robot Ranking | 6 |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Deposit | $28,674.63 |
| Balance | $117,572.nineteen |
| Gain | +624.35% |
| Monthly | 10.76% |
| Daily | 0.34% |
| Drawdown | 72.12% |
| PF | $88,897.56 |
| Days | 2184 |
| Nautical chart | |
| Account | Real |
| Forex Robot Ranking | vii |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Deposit | $25,821.10 |
| Remainder | $67,787.07 |
| Gain | +655.96% |
| Monthly | 9.67% |
| Daily | 0.thirty% |
| Drawdown | 56.61% |
| PF | $41,965.97 |
| Days | 1685 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 8 |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Eolith | $41,789.31 |
| Balance | $92,107.36 |
| Proceeds | +419.12% |
| Monthly | viii.40% |
| Daily | 0.27% |
| Drawdown | 44.80% |
| PF | $l,318.05 |
| Days | 1384 |
| Nautical chart | |
| Business relationship | Real |
| Forex Robot Ranking | 9 |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Eolith | $4,826.54 |
| Rest | $xx,891.33 |
| Gain | +339.04% |
| Monthly | 7.72% |
| Daily | 0.25% |
| Drawdown | 21.00% |
| PF | $16,274.09 |
| Days | 1384 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 10 |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Eolith | $50,000.00 |
| Rest | $1,729,851.01 |
| Gain | +3,359.69% |
| Monthly | 7.17% |
| Daily | 0.21% |
| Drawdown | 54.82% |
| PF | $1,679,851.01 |
| Days | 1657 |
| Chart | |
| Account | Demo |
| Forex Robot Ranking | 11 |
| | |
| Forex Robot Review | Forex Robotron Review |
| Deposit | A$12,745.10 |
| Balance | A$0.00 |
| Gain | +208.94% |
| Monthly | v.42% |
| Daily | 0.11% |
| Drawdown | 23.nineteen% |
| PF | A$9,669.33 |
| Days | 1246 |
| Chart | |
| Account | Existent |
| Forex Robot Ranking | 12 |
| | |
| Forex Robot Review | Forex Flex EA Review |
| Deposit | $3,000.00 |
| Residual | $429,210.57 |
| Gain | +14,207.02% |
| Monthly | 5.02% |
| Daily | 0.16% |
| Drawdown | 36.53% |
| PF | $426,210.57 |
| Days | 3052 |
| Nautical chart | |
| Account | Real |
| Forex Robot Ranking | 13 |
| | |
| Forex Robot Review | Forex Cyborg Review |
| Deposit | |
| Residuum | |
| Proceeds | +45.80% |
| Monthly | four.xl% |
| Daily | 0.03% |
| Drawdown | 10.68% |
| PF | |
| Days | 1134 |
| Chart | |
| Account | Existent |
| Forex Robot Ranking | xiv |
| | |
| Forex Robot Review | Forex Robotron Review |
| Deposit | A$iii,069.27 |
| Balance | A$6,624.80 |
| Gain | +348.38% |
| Monthly | 4.39% |
| Daily | 0.xiv% |
| Drawdown | 57.21% |
| PF | A$iii,555.53 |
| Days | 1302 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 15 |
| | |
| Forex Robot Review | Forex Robotron Review |
| Deposit | A$15,390.90 |
| Remainder | A$12,257.91 |
| Gain | +166.70% |
| Monthly | 3.18% |
| Daily | 0.10% |
| Drawdown | xxx.81% |
| PF | A$4,143.01 |
| Days | 941 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 16 |
| | |
| Forex Robot Review | Forex Cyborg Review |
| Deposit | €ii,210.44 |
| Balance | €1,108.67 |
| Gain | +190.79% |
| Monthly | 2.27% |
| Daily | 0.06% |
| Drawdown | 19.88% |
| PF | €4,073.90 |
| Days | 1776 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 17 |
| | |
| Forex Robot Review | Forex Cyborg Review |
| Deposit | €xv,942.61 |
| Balance | €2,626.84 |
| Gain | +231.49% |
| Monthly | two.15% |
| Daily | 0.07% |
| Drawdown | 31.63% |
| PF | €ten,385.25 |
| Days | 19037 |
| Chart | |
| Account | Real |
| Forex Robot Ranking | 18 |
| | |
| Forex Robot Review | Forex Cyborg Review |
| Deposit | |
| Balance | |
| Gain | +65.52% |
| Monthly | 0.90% |
| Daily | 0.03% |
| Drawdown | 24.77% |
| PF | |
| Days | 1680 |
| Chart | |
| Account | Real |
Forex Robot Rankings Explained
All of the results in the tabular array are from real and demo trading business relationship results provided by the forex robot programmer. The robot results are verified by third party forex trading account verification services including MyFxBook & FX Blue.
Y'all can use the table filters to only display the forex practiced advisors that match your criteria and to sort them by different ranking factors such as drawdown, full gain, eolith, days running and account type.
The bulk of the forex eas have been running on trading accounts for at least a few months if non years and having the trading robot results all in 1 place makes information technology easier to compare forex ea performance.
New forex robots will be added when they are released and results are updated daily, then brand sure to bookmark this folio and bank check back for the best forex eas!
Following on from the listing of the best forex robots, we will have a look at what each of the fields within the table mean. Hopefully this can help y'all decide which is the best forex robot for your own individual needs.
Details
The name and logo of the forex robot. You can click this table heading to sort the table of forex robots alphabetically.
Review
Link to my detailed review of the forex robot. You can click this table heading to sort the table of forex robots reviews alphabetically.
Deposit
Initial trading account deposit when the forex robot commenced trading on the account. You can click this table heading to sort the table of forex robots past the trading account deposit.
Rest
Current trading business relationship argument residue. running the forex robot. You can click this table heading to rank the table of forex robots by the trading account balance. This will assistance y'all to meet what forex robots are performing the best in terms of monetary gain.
Gain
Total per centum gain or loss on the forex robot trading business relationship statement since it started trading on the account. You can click this table heading to rank the tabular array of forex robots by the total percentage proceeds to see what are the best forex robots overall based on total per centum gains.
Monthly Gains
Average monthly percentage gain or loss on the forex robot trading account argument since it started trading on the account. You tin can click this tabular array heading to rank the tabular array of forex robots by the monthly per centum proceeds to see what are the best forex robots overall based on monthly percent gains.
Daily Gains
Average daily percentage gain or loss on the forex robot trading account statement since it started trading on the account. You tin can click this table heading to rank the table of forex robots by the daily percent proceeds to see what are the all-time forex robots overall based on daily percentage gains.
Drawdown
Maximum drawdown on the forex robots trading account statement, listed in the table as a percentage. Drawdown is a percentage of the business relationship which has been lost when there was a run of losing trades. It is a measure of the largest loss that the trading business relationship had at any given moment or period of time. The period of time in the tabular array is since the forex robot started trading on the account. You can click this table heading to rank the table of forex robots by the drawdown to run into what are the best forex robots with the least drawdowns.
PF (Profit Factor)
Profit factor on the forex robot trading business relationship statement. Profit cistron is the gross profit / gross loss. E.g Turn a profit of $6000 and a loss of $3000 would give a profit factor of 2.0. This means that for every $ane risked, you tin can expect a return of $two. If a forex robot has a turn a profit gene less than 1, eg profit factor of 0.vii, this means that for every $ane you tin expect $0.70 back (the forex robot is a losing ane!). If a forex robot has a high turn a profit factor, information technology is a good i – eg turn a profit factor of 6.0 ($6 gained for every $1 risked). You tin can click this table heading to rank the table of forex robots past the profit factor to see what are the best forex robots with the highest profit factor.
Days
How many days the forex robot trading account statement has been running. Y'all can click this table heading to rank the table of forex robots past the amount of days trading which will assist you to see what are the all-time forex robots that accept been performing for a adept corporeality of time.
Equity Chart
Equity chart which makes it visually easier to see the forex robot functioning aslope the statistics inside the forex robots table.
Account Type
Blazon of forex trading account the forex robot is trading on – thus telling yous if the forex robot listed within the table of results has a demo trading account statement or existent trading account statement. Demo forex trading accounts tin can give unlike event to existent forex trading accounts because of factors such as dissimilar broker spreads and brokers slippage. Usually the liquidity on a demo account would be artificial and thus the trades volition usually be executed faster, this tin can also mean smaller spreads on demo accounts. However, demo accounts can still give a good thought on what to look from a forex robots performance. Information technology is usually recommended to use a true ECN forex banker with plenty of liquidity to ensure low spreads, low slippage and thus the best possible forex robot trading atmospheric condition. This can save you trading costs and better trading functioning.
Blank Field
If any of the fields in the tabular array are empty it is because those forex robot trading account statistics have been made private and therefore are not displayed within the table.
What is the best forex robot?
Please come across a pick of my personal top forex robots based on many years of testing thousands of robots.
1. Forex Robotron
Forex Robotron is by far one of the best forex robots that is commercially available. It has been running on multiple real live trading accounts that are verified by Myfxbook for many years now. In addition to the proven performance, it has 99% modelling quality back tests showing excellent historical performance over a 15+ yr menstruum on multiple currency pairs. All pairs used the same settings which emphasises the quality of the robot's algorithm – it is not over optimized equally a lot of forex robots are. The Robotron support is also first-class, with plenty of client testimonials on the official Forex Robotron website showing many happy users. You can meet my Forex Robotron Review for more information.
2. Forex Flex EA
Forex Flex EA is some other forex ea (expert advisor) that has stood the test of time. Information technology besides has a range of existent live verified past Myfxbook accounts showing the ea's performance over a sustained period of fourth dimension. One of the unique features that separates the Forex Flex EA from the residue is the fact it places virtual trades in order to analyse the markets behaviour until it finds an entry point to identify an actual market entry trade. This characteristic along with the impressive 12 strategies implemented, ensures that the Forex Flex EA tin conform to varying market conditions. It also has a developer who is dedicated to keeping the software up to date and offers around the clock support. You can see my Forex Flex EA Review for more information.
3. Forex Cyborg
Forex Cyborg is a very innovative EA that trades an impressive and diverse range of currency pairs. It has a unique automated trading algorithm that has historical picked trades with a high success rate. There are real long term verified past Myfxbook accounts on the Forex Cyborg website that shows how it has performed over recent years. There are also enough of 99% modelling quality back tests on the robot'due south website which shows great historical performance over historical tick data on multiple currency pairs for more 10 years. Forex Cyborg trades primarily in the evening GMT time and has excellent customer support. You can see my Forex Cyborg Review for more data.
four. Forex Scalping EA
As the name suggests, the Forex Scalping EA is a scalping EA that targets a few pips on each trade. There is a very impressive Myfxbook business relationship on the Forex Scalping EA website that shows it has performed extremely well over the years. As with the other forex robots listed above, the scalping EA has a expert range of back tests that shows how it performed in the long term on historical information. It trades multiple currency pairs before the Asian trading session opens. From my testing, this item EA performs ameliorate with stock-still tight spreads. This is ordinarily the case with any Forex scalping organisation. You can see my Forex Scalping EA Review for more information.
5. Forex Auto Millions
Forex Motorcar Millions uses a unique combination of technical indicators and price action analysis to decide the trend and look to enter on pull backs in the trend direction. Interestingly. This particular Forex Robot trades short (sell) only. It looks to catch around v pips per merchandise with the historical performance over back testing data showing it had a loftier win rate. It is another MT4 Forex EA which has been developed primarily for the EURUSD currency pair. Y'all can notice out more about this expert advisor on the Forex Automobile Millions website. You tin can see my Forex Motorcar Millions Review for more information.
Ultimate Forex Robots Guide
What are forex robots?
A forex robot is a fully automated trading organisation that will scan the markets on behalf of the user. If the forex robot finds a trading bespeak based on its congenital-in algorithm, information technology can identify a trade automatically for you. The forex robot can besides manage the trade by placing a cease loss and take turn a profit. Some forex robots will even have a abaft stop loss, intermission fifty-fifty and other money management features.
How to use forex robots?
Forex robots are more often than not adult to run in the popular MetaTrader iv (MT4) platform which is free to download from nearly forex brokers across the earth. Please experience costless to take a look at my best forex brokers for some inspiration. I also have a handy tool which you tin can use to compare forex brokers. Interestingly, the MT4 platform refers to forex robots as skilful advisors. You volition find the term forex skilful advisor or forex ea frequently interchanged with forex robot. At the end of the 24-hour interval, they are effectively describing the same thing.
In order to commencement using a forex robot, y'all but need to download the MT4 platform from a forex broker such as IC Markets. You can then choose from the hundreds of forex robots to use on your trading business relationship. I would personally always outset on a demo trading business relationship to brainstorm with. This allows me to familiarise myself with how a forex robot works.
What forex robot should I utilise?
Y'all volition find gratis forex robots on diverse websites and also commercial robots. The paid forex robots should include full support and exist frequently updated to keep upwards to appointment with the always-changing market weather. Yous can meet my table of the best forex robots on this page to get an idea of how they have performed historically. Of form, this is no guarantee of future results just can help to give you an inclination into which is the best forex robot for your ain needs. You tin can check out my free forex robot download if you like!
Practise I need experience to use forex robots?
The best forex robots volition usually have already been optimised by the robot developer and come provided with default settings. There should be instructions that will explain how y'all can setup the forex ea on your charts, including the currency pairs and chart timeframes that the ea has specifically been designed for. Therefore, they are ready to use for traders of any feel level. If you get stuck at any point, y'all could always accomplish out to the robot programmer and they should be happy to assist yous get setup.
How is a forex expert counselor developed?
Forex robots are developed past figurer programmers who code the forex robot to analyse charts based on a combination of technical assay, fundamental analysis and price action analysis. These forex robot developers will often spend many hours testing forex robots with dissimilar combinations and settings in order to find something that produces good results.
How practice you back test forex expert advisors?
Forex robots or tested over historical data to see how they would have performed in the past. This is a procedure known as back testing. Whilst back testing can give yous a rough thought of how a forex robot would have performed historically, it also has some limitations. This is because forex dorsum testing cannot account with 100% accurateness for historical tick information, spreads, slippage and commissions. However, dorsum testing tin can be a good fashion to see if a forex robot strategy has some potential and also to see what currency pairs and timeframes it produces the all-time trading results on.
How do y'all optimize a forex ea?
If I am testing a forex robot in the MT4 strategy tester, I will exist certain to optimize information technology across a broad range of currency pairs and timeframes. For me personally, it is imperative that all dorsum testing is conducted using existent tick data, variable spreads, commissions and slippage. As mentioned above, we can never be 100% certain with historical back exam results, but using a specialist back testing software such every bit Birts Tick Data Suite (TDS), we can get 99% modelling quality tests in the MT4 strategy tester. These are the all-time forex robot tests possible and I would but consider purchasing a forex robot that has these readily available or at least some real verified results.
In fact, I have optimized forex robots in the past and actually managed to find settings that performed better historically than those provided by the developer! Sometimes the developer has missed a certain currency pair or timeframe that was actually worth because. On the other paw, I have tested forex robots with 99% modelling quality and realised that the results are far worse than those presented past the programmer on the forex robot website.
Regardless, you should be aware of the logic behind the algorithm implemented within the forex ea and make sure you are happy with the statistics that are available to you. For example, if you use a grid forex ea or martingale forex ea, do non exist surprised if your account eventually blows upward. Whilst some developers release poor forex robots, there are those who have good intentions only that does not hateful you are going to get practiced results as annihilation can happen in trading.
How much coin do I need to start trading with a forex robot?
Near forex expert advisors volition run with any account balance. If there is a minimum required and then that should exist specified by the developer. Either mode, it is of import to simply merchandise with a forex robot using an amount that you feel comfortable with. I don't believe that there is a one size fits all when it comes to minimum account size. What may seem modest to i trader could really be a significant investment for another. In maxim that, most forex brokers will let yous make a deposit into your trading account of just $ane. Y'all could even use a demo trading business relationship to brainstorm with until yous have the funds and feel confident enough to trade on a alive account.
How much can I make using forex eas?
We can refer to verified trading results and forex ea backtests in gild to go an thought of its historical operation. You tin view statistics such equally overall gain, drawdown, days running, profit factor, currency pairs traded, timeframes, etc. Whilst there are legitimate forex robots which have shown a good performance over many years, there are no guarantees in trading such is the nature of the markets. You should of course make sure the robot is running with a risk or lot size that you feel comfortable with and never ever merchandise more than you can afford to lose.
What is the best forex robot broker to use?
Every bit mentioned above, the majority of forex robots run in the MetaTrader 4 platform, also known as MT4. You lot can choose from any MT4 forex broker depending on your specific needs such as minimum deposit, location, regulation, spreads, commission, business relationship deposit/withdrawal options, client back up, trading instruments, etc. That being said, I find that ECN/STP brokers with low spreads and commissions, tend to perform better with forex robots. This is considering of the liquidity providers they use which enable them to offer rapid merchandise execution speeds at the best possible prices. This can be a very of import cistron when trading with forex robots.
How to choose the Best Forex Robot?
Here we will take a await at some of the most important things to consider if you are looking for a forex robot.
Demo or Existent business relationship
Real trading account trading statement is meliorate as demo accounts can accept unrealistic spreads/slippage.
Drawdown
The lower the drawdown the better. This means that the forex robot is less risky.
Trading Days
The longer the forex robot trading account has been running, the more reliable the results. Some forex robots tin do well for a few weeks or months due to dangerous money management methods such equally a broad stop loss and eventually blow the account.
Profit Gene
The higher the better, anything above 1 means that the forex robot is profitable.
Monthly Gain
Rather than overall gain you lot should consider the forex robots monthly gain considering this is more reliable for an overall review of the average gains. Why? Because if you just look at the forex robots total gain, information technology may have had a freak month that acquired a huge gain compared to many other bad months.
Deposit & Balance
Of form, if the forex robot trading account statement has a current remainder much greater than the initial deposit size, that means that information technology has performed well and the account has grown.
Back Tests
Yous tin read my forex robot reviews to see if the forex robot has back tests which volition give you a good idea how it performed historically, some forex robots even back exam as for every bit 15+ years! Ideally, you would desire dorsum tests to take been done using real tick data and spreads, thus making the forex robot dorsum test results equally accurate equally possible in the MT4 strategy tester.
Refund
You should as well consider if the developer / vendor of the forex robot software is offering a refund guarantee period as most do. This will allow you ample fourth dimension to examination the forex robot and see how information technology performs for you lot, only call up in trading, nosotros cannot win every 24-hour interval!
How to setup a Forex Robot?
Here we will look at how you lot can setup a forex robot on your MetaTrader 4 business relationship. If you are already familiar with Meta Trader and accept information technology installed on your computer, you can skip this department. If non, and then please thoroughly read this section for instructions on how to install the Meta Trader trading platform and how to activate a forex robot.
Click hither to download the free MetaTrader trading platform which nosotros will use to run a forex robot. Y'all will need to open a demo or live account to gain access to the MetaTrader iv download.
After you lot accept downloaded MetaTrader iv, followed the setup instructions and the installation is complete, launch Meta Trader 4.
When y'all launch MetaTrader y'all tin can login to your demo or real business relationship. Click file – login and then enter your Meta Trader iv account details.
In order to attach a Forex Robot to your charts within MetaTrader 4, you lot will need to place the required files into the correct folder of the MetaTrader four installation directory.
This section will draw where you should identify the files set up for use. Delight ensure y'all restart MetaTrader 4 after moving the files then that they will appear in the navigator window of the client terminal.
Showtime locate the Forex Robot (ex4) file on your computer. Once located, move the Forex Robot (ex4) file into the "experts" folder of the MetaTrader four directory. To notice this directory, go to the mt4 terminal and click file from the peak left-hand corner and so click "open up data folder". From the information binder that has opened you must navigate to "MQL4". Move the Forex Robot (ex4) file into the "experts" folder. Restart the mt4 terminal.
Yous should now come across the Forex Robot in the "practiced advisors" drop down menu of the navigator window within mt4. If you cannot see the navigator window load information technology from the main menu in MetaTrader by selecting the "view" drop down menu.
At present click "tools" in the MT4 main bill of fare so "options". Under the expert advisor'southward tab make sure yous have ticked only: Allow automated trading and Allow DLL imports.
You now demand to open a chart to run the Forex Robot on. Choose whatever currency symbol and right click it so select "chart window" to open up a chart for that currency pair. Yous can bank check the forex robot education manual to see what currency pairs the developer has tested.
You are now ready to attach the Forex Robot to the chart. Elevate and drib the Forex Robot from the navigator window onto the chart. You lot will exist displayed with a window. This window is where you lot set common proficient advisor backdrop and the unique input settings of the Forex Robot.
In the common tab yous need to enable the Forex Robot. To do so, tick the boxes: "enable alerts", "permit live trading", "allow DLL imports" and "allow import of external experts".
If you have set the common setting of practiced advisors correctly then a smiley face will appear in the right-paw corner which means that the Forex Robot is active on that chart. If y'all accept clicked "ok" and have a lamentable face displayed in the top right-hand corner of the chart, this ways that expert advisors are not enabled (the Forex Robot will not piece of work).
To enable expert advisors, click the "proficient advisors" push which is normally located about to the summit of the trading platform. You may besides need to navigate to "tools" from the mt4 superlative card and select "options" then in the proficient advisors tab ensure you have merely checked the tick box for "let automated trading" and "allow dll imports".
Hopefully that will help you get a forex robot upwards and running on your trading platform!
Best Forex Robots Conclusion
In summary, there are many good forex robots included within the ranking tabular array on this folio. You should use the filters and sort the forex robots in the table to meet your requirements.
Some forex traders volition prefer trading robots that have depression drawdowns whereas other traders want lots of profit and exercise non mind the extra risk.
Of course, the longer a forex robot has been running on an account (trading days in the table) then the more reliable the results are probable to exist.
You should also consider if the forex robot has a high turn a profit factor, annihilation higher than a profit factor of one is assisting, the college the turn a profit factor, generally the ameliorate.
Finally, real trading account statements will tend to be more reliable equally demo accounts can be liable to having unrealistic liquidity which means the slippage/spreads on the demo business relationship may differ to the existent account and thus this could touch the functioning.
You tin read my best forex robot reviews using the links provided in the table for more detailed information on how each forex robot works. You can also see my forex robots ratings list of all forex robots and their rating.
Happy trading!
*Results are based on historical data. At that place is no guarantee of future performance. You should understand the risks involved with trading. Different brokers tin can produce unlike results due to spreads and liquidity. Your capital letter is at risk. Beginner traders should inquiry and learn nigh trading earlier using whatever forex software.
CFDs are circuitous instruments and come up with a high risk of losing coin apace due to leverage. A big percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs piece of work and whether you can afford to take the high take a chance of losing your money.
Source: https://theforexgeek.com/best-forex-robots/
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