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||Win Rate||Monthly (Real Gain)||Total Gain||Learn More|
|FX JetBot EA||79%|
|Night Forex Bot||78%|
|Waka Waka EA||74%|
|WallStreet Forex Robot||77%|
|Forex Diamond EA||71%|
|GPS Forex Robot||94%|
|BF Scalper Pro||70%|
FX JetBot EA is a Forex robot with verified trading statistics, which means the developer’s claims are substantiated and it has a proven track record of winning live profits. The EA works best on 5 currency pairs: AUDUSD, EURJPY, EURGBP, USDCAD, and EURUSD. The average profit per trade is more than almost twice as high as the average loss per trade.
There is only one pricing plan for the EA that costs $425 with 1 license for any account. This license is for real accounts and along with it, you get access to the MT4 and MT5 versions of the robot and free lifetime updates. The vendor offers a 30-day money-back guarantee for users.
<<Click Here to Get FX JetBot Now!>>
FXCharger 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.
<<Click Here to Buy FXCharger EA Now!>>
Night Forex Bot EA is a highly reliable and automated Forex robot designed for night trading when the market is calmer. It utilizes advanced analysis tools, including the Stochastic indicator, to make informed trading decisions.
Backed by real account statistics and extensive backtesting, this EA offers stable income, risk limitation mechanisms, and adaptive session selection, making it a promising choice for traders seeking profitable opportunities while they sleep.
Night Forex Bot is incredibly affordable at just $295 for a license that covers any account type and account number.
<<Click Here to Buy This Night Forex Bot Now!>>
FXParabol is a new Forex robot that is powered by one of the most experienced robot developers in the world. The robot is based on a combination of the Parabolic SAR and Bollinger Bands indicators. FXParabol boasts of a reliable drawdown control mechanism and it is compatible with any broker and account type.
FXParabol works on the USDJPY and USDCHF Forex pairs and costs about $289 to purchase a single license that works on the metaTrader4 (MT4) and metaTrader5 (MT5) platforms.
<<Click Here to Buy This FXParabol Now!>>
FXRiseUp EA is a 100% automated Forex robot for the EURUSD currency pair. It was built for both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and it is available to buy for $259.
The FXRiseUP EA core trading strategy is based on a supply and demand tracker algorithm. In addition to this, the robot comes packed with advanced risk management features that help determine the best time to trade the EURUSD currency pair, learn more.
Also, a News filter is added to stop trading actions at a set time before any related news event. FXRiseUp EA automatically resumes trading a set time period after these news events.
<<Click Here to Buy This FXRiseUp Now!>>
Waka Waka EA is one of the most profitable Forex robots in the market and has detailed backtesting and live records to verify its statistics. The expert advisor uses real market mechanics to its advantage to make profits. The algorithm of this expert advisor does not use risky martingale strategies which can cause a high drawdown on the account.
Waka Waka EA is available for a one-time price of 1800 USD, which comes with a license for ten simultaneous Metatrader 4/5 account activations. You will get the best set-files and recommendations, and there is a 30-day money-back guarantee.
<<Click Here to Try Waka Waka EA for Free!>>
FXConstant offers a trading robot that uses an in-built algorithm that matches specific market movements to a set of independent patterns. There are 20 patterns that can be matched to current market behavior. When there is a pattern-to-market match, the EA is activated and opens a trade in the necessary direction.
There is a risk management system tailored to each FXConstant pattern, learn more.
<<Click Here to Purchase FXConstant Complete!>>
Wallstreet Forex Robot is a piece of software that works based on scalping. The latest version comes with a broker spy module that prevents unfair play by brokers during trading. The product comes with a trader personal account, unlimited demo accounts with 24/7 support. The original price of the software is $347 but is sold at a discounted price from time to time. In addition to the value for your money, you also get bonus auto bot systems called Wallstreet Asia, Wallstreet Recovery Pro, and Wallstreet Crypto for the added value of your money.
<<Click Here to Purchase WallStreet Forex Robot Complete!>>
Forex Diamond EA is one of the smartest expert advisors of its kind. The system of interlocking strategies allows the robot to choose the best one for the current market scenario. It will also dynamically adjust trading parameters to boost profits and secure your gains.
Forex Diamond EA is a real “set it and forget it” system. You’ll enjoy results with minimal maintenance. Plus, the program is easy to use. Now any investor can trade smarter and more successfully.
<<Click Here to Purchase Forex Diamond Complete!>>
BF Scalper Pro EA is furnishing traders with a robot package that trades on important currency pairs; GBPUSD, UERCHF, EURAUD, EURUSD, USDJPY, USDCHF, USDCAD, GBPCAD, EURCAD at a cost of $137.
The software methodology is based on the alternation of Scalping and Grid strategy.
The package comes with 1 account license, and multiple demo accounts for testing. There is a pre-installation file For the BF Scalper Pro available for free on their sales page, see here.
<<Click Here to Purchase BF Scalper Pro Complete!>>
GPS Forex Robot 3 was one of the best automated forex trading robots for the MetaTrader platform. They do not just make empty promises, they also have verified proof and various third-party client reviews to back it up, see here.
What’s more? It goes for a fair, one-time price of $149.
<<Click Here to Purchase GPS Forex Robot EA!>>
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 Waka Waka.
See live EA trading results: Waka Waka EA, and see how powerful the expert advisor is.
Forex Robots and Expert Advisor Reviews 2023
Where to Trade?
Avatrade – (Recommended for Non-US Traders), sign-up here.
HankoTrade – (Recommended for US Traders), sign-up here.
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.