If you are searching for the best Forex Expert Advisor (EA), you already know the importance of having a reliable Forex Expert Advisor. Most Forex robot developers guarantee great outcomes, however, the market is always moving, and Forex is particularly helpless before worldwide occasions, so guaranteed outcomes may not work out as intended.
They will tell you that their EA has made them thousands of pips without them having to do a thing. But unless they show you account statements that are audited by a highly reputable, third-party accounting firm like myfxbook.com, take it with a grain of salt.
Be careful about any Forex EA developer that makes and ensures huge profits.
Best Forex Robots and Expert Advisors
Forex robot ranking based on real account monthly gain on myfxbook.com and FXBlue. The average win rate ranges between 50-97% while drawdown is acceptable. Live statistics are updated hourly.
|Forex Robots/EA||Live Account||Type||Monthly (Real Gain)||Total Gain||Learn More|
|Forex Truck EA||Real|
|Forex inControl EA||Real|
|Perceptrader AI EA||Real|
|Forex Flex EA||Real|
|Night Forex Bot||Real|
|Happy Bitcoin EA||Real|
|Waka Waka EA||Real|
|WallStreet Forex Robot||Real|
|Forex Diamond EA||Real|
|GPS Forex Robot||Real|
|BF Scalper Pro||Real|
Forex Truck EA is a versatile trading robot compatible with any broker and available on both MetaTrader 4 and MetaTrader 5 platforms.
The new ForexTruck Turbo version employs a unique two-block trading strategy to optimize profits while managing risk effectively. Backtesting results showcase exceptional historical performance, with remarkable returns in various currency pairs and trading style, learn more.
With a pricing option of $539, including a 30-day money-back guarantee, ForexTruck Turbo offers a compelling and reliable solution for traders seeking automated Forex trading with confidence.
FXTrackPRO EA is a game-changing Expert Advisor for MT4/MT5 forex trading platforms. Its ingenious triple-indicator system dynamically adapts using advanced algorithms, resulting in impressive profitability and minimal drawdown.
With a two-tiered risk control mechanism incorporating StopLoss and real-time order analysis, your capital is well-protected, learn more.
Choose between two packages, each backed by a 30-day money-back guarantee, and embark on a journey to financial success with FXTrackPRO EA as your strategic ally. It’s time to redefine your trading experience and unleash your profit potential like never before.
In a sea of Forex robots vying for your attention, Forex InControl 3.0 stands tall as a profitable and reliable companion. With its precise drawdown control, diversified trading approach and long-standing history of successful backtests, it undoubtedly earns its spot in your trading team.
With Forex InControl EA, you get two enticing packages to choose from: The Forex inControl 3.0 for AUDUSD and EURGBP priced at $299 and the Forex inControl 3.0 Complete for AUDUSD, EURGBP, USDCAD, EURJPY, at a slightly higher price of $349.
Whether you are an experienced trader seeking to enhance your strategies or a newcomer stepping into the Forex realm, Forex InControl EA has something to offer everyone.
Perceptrader AI is a new advanced grid trading system that utilizes Artificial Intelligence, employing Deep Learning algorithms and Artificial Neural Networks to analyze market data and identify high-potential trading opportunities.
It is based on a proven trading strategy by Waka Waka but adds extra layers of filtering using AI. The system has been in profit for 48 consecutive months and offers unique trades for each user to avoid overcrowded market pitfalls, learn more.
The EA comes with 14 days of free trial, a 30-day money-back guarantee, and a price of $1260 with various additional benefits like ValeryVPS, access to a Telegram community, and 1-on-1 support from the developer.
Forex Flex EA is a widely recognized robot within the Forex community, known for its proven track record on verified accounts. Admin Steve, the developer, stands out for his exceptional transparency and active involvement on the Flex EA member forum.
The software offers three pricing options, including Flex EA x1MT4 ($349), Flex EA x1MT5 ($349), and Flex EA x2 FTMOMT4 + MT5 ($500), learn more.
With a range of verified trading results available, including popular setups like ADR Dynamics, Candlestick V3 MT5 H1, RSI 90 Cross, x3Retrace strategy, default strategy, and Progressive FlexHybrid .set file, clients can easily find a strategy that aligns with their trading style. This feature allows for focused risk analysis, empowering users to select the optimal strategy for their needs.
FXCharger EA is a forex robot that boasts of a dynamic take-profit and stop-loss based on special technology. This means that the EA can adjust the take-profit level to suit the current market conditions, ensuring that it always results in a profit, learn more.
The FXCharger comes in two packages – FXCharger Basic ($295) and FXCharger Max ($395). The FXCharger Basic works only on the USDCAD currency pair, while the FXCharger Max supports five currency pairs: USDCAD, EURUSD, AUDUSD, EURGBP, and USDJPY. Traders prefer the FXCharger Max because of its flexibility and added value for money.
Happy Bitcoin EA is an automated trading advisor designed for intraday Bitcoin trading, employing a strategy that identifies market waves and trends for precise entry points.
It ensures position safety with calculated stop-loss levels and maximizes profits using a break-even trailing stop.
The software’s simplicity, compatibility with various platforms, and affordability at 279€ make it an enticing choice. With its 30-day money-back guarantee and versatile license, Happy Bitcoin EA offers a compelling solution for both novice and experienced cryptocurrency traders.
Forex Robots and Expert Advisor Reviews 2023
How do I check the performance of a Forex EA?
Check a Forex EA website or verified trading results to see their trade history. Confirm a cross-section of those trades through your broker’s online platform – do the entry and exit prices and dates/times match what really happened in the market?
Results could be fictitious. Are there too many winning trades, and only a few losing ones? If so, this could highlight that the data is false.
Check back with the provider every few weeks – are their results being updated? Has any data been changed (e.g. an existing losing trade is now removed from the site)?
What are the parameters to look out for in a Forex EA?
It is not enough to choose a Forex EA that makes a profit. Do they include details on how to trade? It is always your responsibility to learn the Forex market and understand trading – as well as the risks associated with it. However, a good Forex EA will provide clear guidance on areas including Account management and risk control, margins, when to enter/exit trades, popular trading indicators, lot sizing, hedging, maximum lot, maximum spread, dynamic lot, deposit load, drawdown control, weekend and holiday trading options, stop loss and take profit.
Which Forex EA should I avoid?
Avoid Forex EA offering free trades and/or requiring a specific broker to be used. This typically means the Forex EA is incentivized (paid) by the broker to induce you to trade badly and lose money to the broker (this is how the EA developer then gets paid a commission, in turn, from the broker).
Which Forex EA is best for me?
This is subjective. If you have had success day trading over small timeframes, congratulations. Use a Forex EA that follows your approach and trading strategy.
For beginner traders, it is especially important to identify what skills you may have and tailor your choice of automated trading according to your trading personality, not the other way around. There are many benefits of forex trading so it’s up to you to compare the Forex EAs which may be better suited.
Choosing the best Forex EAs
‘Best’ is both an objective and subjective question. That being said, when choosing a Forex EA, it’s important to exercise caution and perform due diligence, as there are many scams and fraudulent products in the Forex industry. Here are a few general tips to keep in mind when evaluating Forex EA:
- Look for transparent and verified track records – EAs that provide verified results on third-party platforms such as Myfxbook, FX Blue, or FXStat are generally more trustworthy than those with unverified result statistics.
- Read reviews and feedback from other traders – Look for feedback from other traders who have used the EA and evaluate both positive and negative reviews to get a balanced perspective.
- Evaluate the strategy and risk management approach – Evaluate the strategy and risk management approach used by the EA to determine if it aligns with your investment goals and risk tolerance.
- Consider the cost – Be wary of EAs that are priced extremely high or claim to offer unrealistic returns. Remember, if it sounds too good to be true, it probably is.
- Test it yourself – Most EAs offer a demo version that allows you to test the strategy and see how it performs in different market conditions. It’s important to test the EA on a demo account before using it on a live account.
Remember that Forex trading involves risk, and no EA can guarantee profits or protect against losses. It’s important to have a sound trading strategy and risk management plan in place and to only risk capital that you can afford to lose.
Look at the many options available for traders using King Robot EA.
See live EA trading results: King Robot EA, and see how powerful the expert advisor
Where to Trade?
Forex VPS – In order to maintain maximum availability for all automated trading accounts for all times, you better use a 100% uptime VPS server, like ForexVPS.