Forex Robot Reviews

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. There is also a link to each official forex robot website included for your convenience.

#NAMERATING
1

Forex Robotron EA

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2

Forex Flex EA

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3

Forex Scalping EA

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4

Forex Cyborg EA

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5

Tickeron

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6

TradeSanta

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7

3Commas

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8

Bitsgap

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9

Centobot

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10

Coinrule

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11

Cornix

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12

CryptoHero

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13

Cryptohopper

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14

Forex Diamond EA

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15

Gunbot

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16

HaasOnline

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17

Happy Gold

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18

Mudrex

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19

Pionex

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20

ProfitTrailer

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21

Shrimpy

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22

Stoic

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23

Trality

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24

Zignaly

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25

BF Scalper Pro EA

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26

Forex Fury EA

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27

Forex Gold Investor EA

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28

Forex inControl

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29

Forex Trend Hunter

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30

Forex Truck EA

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31

FxStabilizer

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32

GOLD Scalper Pro EA

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33

GPS Forex Robot

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34

News Scope EA Pro

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35

Volatility Factor 2.0 Pro

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36

Wall Street Forex Robot 3.0 EA

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37

FXZipper EA

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38

8topuz

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39

DynaScalp EA

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40

Einstein Trader EA

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41

Forex Combo System

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42

Forex Hunter EA

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43

Forex Pulse Detector

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44

Happy Breakout

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45

iProfit HFT EA

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46

Omega Trend EA

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47

Forex Gump EA

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48

FXQuaser EA

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49

Smart Scalper Pro EA

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50

FX Charger EA

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51

FX Classic Trader EA

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52

FX Fortnite EA

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53

FXAutoPips

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54

FXConstant EA

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55

FXParabol EA

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56

FXTraderKit

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57

Grid Master Pro EA

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58

Happy Forex

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59

Happy Power

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60

Happy Trend

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61

Goldify EA

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62

Dynamic Pro Scalper

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63

FXHelix EA

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64

FXTrackPRO EA

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65

Gold Pips Forex Robot

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66

AlnoTrade

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67

Bounce Trader EA

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68

EFC EA Robot

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69

Forex Atlantis EA

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70

Forex EA Trader

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71

Forex Steam

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72

Forex Trend Detector EA

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73

Funnel Trader 2.0

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74

Galileo FX

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75

Vantage Point X

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76

Easy Money X-Ray Robot

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77

Econ Power Trader EA

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78

FXRapidEA

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79

The Skilled Trader

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80

XFXea

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81

Fap Turbo 3

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82

Forex Jabrix Scalper Robot

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83

Forex Megadroid

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84

Forex Pip Shooter EA

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85

FX SCALPER X

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86

FxDiverse

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87

FXSecret Immortal EA

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88

Happy Algorithm Pro

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89

Happy Fast Money

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90

Happy Frequency

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91

Happy Market Hours

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92

Happy Neuron

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93

Happy News

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94

Happy Way

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95

Jet Trader Pro

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96

Million Dollar Pips

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97

News Action Trader EA

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98

Promax Gold EA

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99

Robomaster

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100

Trade Explorer

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101

FXCipher EA

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102

Arbitron EA

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103

Aeron Scalper

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104

AX Trader

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105

Directional Forex Robot

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106

Falcor Forex Robot

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107

Forex Forager

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108

Ganon Forex Robot

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109

Gold Trader EA

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110

HAS MTF Forex Robot

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111

Hedge Forex Robot

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112

Odin Forex Robot

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113

Pattern Trader Pro

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114

Pterodactyl Forex Robot

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115

Reaper Forex Robot

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116

Vader Forex Robot

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117

Volatility Forex Robot

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118

WaveRunner Forex Robot

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119

Automic Trader EA

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120

Elite Forex Scalper

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121

GRAVITY FX NG EA

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122

Killa Gorilla FX Master EA

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123

Vision Scalper EA

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124

The Fund Trader EA

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125

Auto Arb

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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.

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.