The PZ Turtle Trading EA employs the original Dennis and Eckhardt trading system, dubbed “The Turtle Trader.” It trades in the same way that the original turtles did, and experienced traders can use it to capture trends in up or down markets. This Expert Advisor can be purchased from the ..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.
NightVision EA is an automated Expert Advisor that trades at night during the end of the American trading session. The EA employs a number of original author developments that have been successfully tested on live trading accounts. The EA can be used on the majority of available trading instruments and ..Read More
Night Shot EA
The Night Shot EA Forex robot for MetaTrader 4 employs a scalping strategy to identify good short-term trade opportunities in both rising and falling currency markets. This forex trading bot, according to the programmer, performs best on the USD/CHF, EUR/CHF, and EUR/AUD pairs (you can try on other pairs as ..Read More
Night Scalper EA
The Night Scalper EA is a fully automated Expert Advisor that trades at night and uses price reversion to make money. To improve performance, the EA uses market orders and has the option to use time averaging. This EA performs on EURUSD on the M5 timeframe, but it will also ..Read More
N9Tx EA is an innovative Night-Scalping EA. PROscalper’s main strategy is supplemented by TrendFollowerSR and DailyBreakouts, as well as several additional filters. The EA does not employ grid, martingale, or other risky strategies. Every position includes a fixed stop loss and take profit. The N9Tx Expert Advisor can be purchased ..Read More
Matrix EA is a fully automated expert designed for the currency pairs EURUSD, USDCAD, and USDCHF. Matrix EA trades in most time frames, but M15 is the recommended time frame. Matrix EA is available in MQL marketplace whilst there is a free demo version which you can test to see ..Read More
Mathematic Algorithm EA
The Mathematic Algorithm Bot for Metatrader 4 is a Forex robot that specializes in scalping the market 24 hours a day, 7 days a week. The EA can be used on the 1-minute chart as well as any higher time frame. The Mathematic Algorithm Bot searches for buy and sell ..Read More
Koi Trader Pro EA
The Koi Trader Pro is an automated trading robot that is designed to execute trades in the forex market. The system is tailored for Trend Following, which involves identifying the direction of the market and trading in accordance with it. The EA operates during the Asian Session, which tries to ..Read More
The Shizuka EA is an automated trading software that operates without human intervention, employing algorithms to monitor the financial markets and make trading decisions. It is has been designed to navigate the changing conditions of the market. By utilizing the technology and analyzing market fluctuations, Shizuka EA tries to aim ..Read More
Silver Kangaroo EA
The Silver Kangaroo EA is a forex trading robot that operates automatically, and its primary function is to analyze the hourly and 30-minute candlestick formations of the XAUUSD trading pair, using artificial intelligence algorithms to identify the suitable entry point for the trade. By doing so, the Silver Kangaroo EA ..Read More