Here are my forex robot reviews containing all of the forex robots that I have reviewed over the years. Each forex robot review includes the key features, trading strategy, back tests, live statistics (where applicable), summary and overall rating.
5 Pips A Day
8topuz
Actinic Forex Robot
Adaptive Trader Pro
Aeron Scalper
Airhopper Forex EA
AlnoTrade
Apex Scalper
Arbitron
Arteon FX Robot
Arya Trader
AsA Fx
ATM Scalping SFS EA
Augur Forex
August Forex Golem
Auto Arb
Auto Breakout Pro
Auto News Trader
Benefit EA
Best Scalper Forex Robot
BF Scalper Pro
Big Ben Time EA
Big Bull FX
Bounce Trader
Broker Arbitrage
Cabex Expert Advisor
Channel Trader Pro
Claudius Forex EA
Core Trader EA
Covert FX
Cryptohopper
Delton Pro
Directional Forex Robot
Dragon Forex
DragonCell Forex EA
Draw Profit EA
Drive Gold Expert Advisor
Dynamic Pro Scalper
Econ Power Trader
EFC EA Robot
Einstein Trader
Eklatant Forex Robot
EOS Forex EA
Esox Pattern Forex EA
Everex Elite
EverTech Forex Robot
Exreign Forex EA
EXTRAEDGE FX EA
Falcor Forex Robot
Fap Turbo 2
Fap Turbo 3
Fibonacci Expert Advisor
Finwe Forex Robot
Fluid Trader
Flywheel Forex EA
Forex Alpha Robot EA
Forex Apollo
Forex Armor
Forex AstroBot
Forex Auto Millions
Forex Combo System
Forex Cyborg
Forex Device
Forex Diamond
Forex EA Trader
Forex Earth Robot
Forex Enigma EA
Forex Fastron
Forex Flex EA
Forex Forager
Forex Fury
Forex Gold Investor
Forex Gump EA
Forex Hunter EA
Forex Impulse Trader
Forex inControl
Forex Jabrix Scalper Robot
Forex Kore EA
Forex Megadroid
Forex Million Pound Robot
Forex Phasr EA
Forex Pip Shooter
Forex Pulse Detector
Forex Quant EA
Forex Real Profit EA
Forex Robotron
Forex Scalping EA
Forex Spectre
Forex Steam
Forex Steroid
Forex Striker Robot
Forex Sugar
Forex Supreme Robot
Forex Time Robot
Forex Transformer
Forex Trend Detector
Forex Trend Hunter
Forex Truck
Forex Turbo Drive
Forex Warrior
Forex Weekend Gap EA
Forex ZEON-X Pro
ForexBot28
Frarelin Forex Robot
Free Fx Trading Robot
Funnel Trader
FX Charger
FX Ekspert Moving Average EA
FX Fortnite EA
Fx Maximal
Fx Mower Forex Robot
FX Oxygen
FX Secret
FX Seven Pips
FX Shutter Stock EA
Fx Splitter EA
Fx Stabilizer
Fx Turbine
Fx Voodoo
FX-Neuro Bot
FXAdept
FXAutoPips
FXBLASTERPRO
FxDiverse
FXEURGrid
FXFlightPro
FXGoodway EA
FXHelix
FXMasterBot
FXMath X-Trader
fxProud Expert Advisor
FXrobotGO
FXSecret Immortal
FXShooter EA
FXTraderKit
Ganon Forex Robot
Gold Elevate EA
Gold Light FX EA
Gold Pips Forex Robot
GOLD Scalper Pro
Gold Trader
Goldbull Pro
GPS Forex Robot
Greenbull Robot
Grid Master Pro
HaasOnline
Happy Algorithm Pro
Happy Breakout
Happy Fast Money
Happy Forex
Happy Frequency
Happy Gold
Happy Market Hours
Happy Martigrid
Happy News
Happy Trend
Happy Way
HAS MTF Forex Robot
Hedge Forex Robot
Hedge Track Trader
Hi-Tech Trader
HotEAForex
Inertia Trader
iProfit HFT EA
Jet Trader Pro
Keltner Pro
Lion FX Trader
Manhattan FX
Math Fx Pro
Max Scalper
MaxiMillian Forex EA
Maxturbo EA
Mega Project FX
MFM7
Million Dollar Pips
Minesweeper EA
Modular Trader EA
MQL.me Forex Robot
MT4Street Bot
MT5 Champion Forex Robot
MT5 FX ROBOT
Nagachika Expert Advisor
News Action Trader
News Scope EA Pro
Odin Forex Robot
Omega Trend EA
On Control EA
Optimum Forex Robot
Pastorpro Forex Robot
Pattern Trader Pro
PIPjet
Pivot Trader Pro
Powerful Forex Expert Advisor
Price Action Robot
Prince FX EA
Professional Trading Portfolio
Profitable FX EA
Pterodactyl Forex Robot
QuickScalp Trader
RayBOT Expert Advisor
RealCashBot
Reaper Forex Robot
Rev Trader Pro
Richeith Forex EA
RobotFX
Rocket EA
RoFX
Ruby Forex Expert Advisor
Scalp Trader Pro
Securza Forex Robot
Signal Steps Forex Trading System
Smart Scalper Pro
Sniper Suite
Stabilis Lucra
Star Trader
Strike FX
Tension Trader
The Skilled Trader
The Wave Scalper
Titan Scalper EA
TradeRobo Expert Advisor
Trading Manager Pro
Trend Extreme Dashboard
Trends Tracker Pro
TSFX
Tycoon Forex Robot
Universe Forex Robot
Vader Forex Robot
Volatility Factor 2.0
Volatility Factor EA
Volatility Forex Robot
Volvox Trader
Vortex Trader Pro Review
Wall Street Forex Robot
WaveRunner Forex Robot
Wicor Forex EA
Worthy FX TRADER
XFXea
XoForex Expert Advisor
XXL Forex Real Profit Robot
Yeti Forex Robot Review
Z Trader FX EA
What is a Forex Robot?
For those new to forex robots, they are fully automated trading systems that analyse charts for trading signals based on their built-in algorithm. This is usually comprised of a combination of technical indicators. Once the robot finds a signal, it can place and manage trades on behalf of the user. They are therefore a popular choice amongst users who do not have the time to trade manually.
Most forex robots have been developed to run in the popular and free to download MetaTrader 4 (MT4) trading platform which is available from most online forex brokers. You need to have the MT4 desktop platform running in order for a robot to work. If you cannot always have your computer running then you could use a Forex VPS to run the platform 24/7 without needing your computer switched on.
Forex robots will usually have already been optimised by the developer to find the best settings. The instructions will tell you how to setup the robot and what currency pairs and chart time frames the robot has been designed for. They can therefore be used “out of the box” although you should make sure that it is set with a lot or risk size that is suitable for you.
The more experienced traders can optimise robots in the MT4 strategy tester using historical data to create bespoke settings. I believe that all back tests should be conducted with 99% modelling quality using real tick data, variable spreads, swaps, slippage and commissions. This can be done using add-on software such as Birts Tick Data Suite for as accurate as possible historical results. Even then, these results are not always realistic due to factors that are impossible to duplicate during a back test.
For the best possible trading conditions when using a forex robot, I would personally only use an ECN forex broker with tight spreads, competitive commissions and plenty of liquidity providers (LP’s) for reliable trade execution speeds at the best possible prices. You can see broker ratings and reviews on my best forex brokers page.
You can compare forex robots results on my best forex robots page. Please note that forex robots can change over time and these reviews are based on my own opinion on the date that they are published. Only you can decide which is the best forex robot for your trading style.
It is important to note that there are absolutely no guarantees on how any forex robot will perform and historical results are not an indication of future performance. Forex robots can advertise big profits but you should be aware that many of them are based on back testing and therefore may not perform the same going forward. Furthermore, differences in broker trading conditions such as spreads, slippage, liquidity and commissions, can cause different results from broker to broker.