In the ever-evolving world of financial markets, traders continually seek ways to enhance their trading strategies, save time, and mitigate risks. The AW Trend Predictor EA is an Expert Advisor designed for MetaTrader 4 and MetaTrader 5 platforms, offering automated trading capabilities based on trend indicator signals from the AW ..Read More
Category: Forex Robots
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.
You can see a selection of my best forex robots and download my free forex robot if you like.
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.
New Horizons EA
In the vast and intricate world of forex trading, the role of automation has become increasingly prominent. Among the myriad of automated trading systems available, the New Horizons EA stands out as a notable option designed specifically for the MetaTrader 4 (MT4) platform. In this comprehensive review, we will delve ..Read More
The Aggressive Doubler Robot
In the fast-paced and ever-evolving world of Forex trading, traders are always on the lookout for innovative tools and strategies that can potentially boost their profits. Among these tools, trading robots, or Expert Advisors (EAs), have gained significant popularity. One such EA that has piqued the curiosity of traders is ..Read More
Monarchal Algo EA
In the world of financial trading, automation has become a key player in helping traders navigate the volatile and fast-paced markets. Monarchal Algo EA is one such trading robot that claims to assist traders in achieving their financial goals through automation. In this comprehensive review, we will delve deep into ..Read More
Is Grey EA
IS Grey EA is a forex expert advisor crafted mainly for scalping strategies. Its resilience has been proven through extensive testing spanning over a remarkable ten-year period, commencing on January 1, 2013. However, it is very iomportant to note that this is based on back testing which has limitations and ..Read More
ToborFX Review
In the ever-evolving landscape of forex trading, ToborFX emerges as a formidable contender that demands close examination. This comprehensive review delves deep into the intricate features and capabilities of ToborFX, an advanced Expert Advisor (EA) designed to reshape the landscape of automated forex trading. We’ll dissect its trading strategy, performance ..Read More
Trade Booster Premium EA
Trading in the volatile world of Forex can be both exhilarating and nerve-wracking. It demands a deep understanding of market dynamics, precise timing, and a lot of manual effort. However, with the introduction of Trade Booster Premium EA version 2.0, traders now have an advanced tool at their disposal that ..Read More
Gold Trade Pro
In a world inundated with gold trading Expert Advisors (EAs) promising extravagant profits, it’s refreshing to come across one that claims to be different. Gold Trade Pro asserts that it’s not just another grid or martingale system disguised as AI or machine learning, but am automated trading strategy. In this ..Read More
Mighty Makers EA
In the fast-paced and ever-evolving world of financial markets, making well-informed investment decisions is crucial for success. However, the complexities of the investment landscape can often be overwhelming, leaving investors searching for tools and strategies to gain an edge. Enter Mighty Makers, an innovative investment platform that promises to empower ..Read More
EA Gold NRJ
In the vast and ever-evolving landscape of Forex trading, automated systems have become increasingly popular among traders seeking to optimize their strategies and reduce the time and effort required for trading. EA Gold NRJ is one such automated trading system that claims to offer long-term stability and safety in the ..Read More