Forex Pro Island EA represents an MT4 trading robot for anyone looking forward to automated trading in the forex market. This software is designed to provide traders with accurate signals, allowing them to make informed decisions on when to buy or sell. The EA is easy to use and is ..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.
Forex Scalp EA Ultimate
When it comes to automated forex trading, every trader wants to maximize their profit probability and control their losses using trading robots. This is where the Forex Scalp EA Ultimate for MT4 comes in. This tool is designed to help traders make the most of their trades by automating the ..Read More
WayGrow EA
The WayGrow EA is making waves as the go-to tool for traders looking forward to automated trading using MT4 platforms. This powerful software has been designed to analyze market trends and make trades autonomously, enabling individuals to concentrate on other business areas. With its user-friendly interface and advanced algorithms, WayGrow ..Read More
Forex Robot Trader Review
Forex Robot Trader is a well-established website that provides forex trading robots or automated software programs designed to generate trading signals. These systems can be seamlessly integrated with online forex brokers or exchange platforms. In this comprehensive review, we will delve into the key features, performance, ease of use, customer ..Read More
AI Voltex Robot
The AI Voltex Robot is an advanced trading software designed to capitalize on low volatility moments in the financial markets. With its intelligent algorithms and robust indicators, this trading robot aims to enter trades with precision and effectively manage them using dynamic stop losses and take profits. In this review, ..Read More
Agimat FX Ultra EA
In the world of forex trading, having an efficient trading system is crucial for success. One such system that has gained popularity is the Agimat FX Ultra EA. Developed by Agimat Trading System, the Agimat FX Ultra EA is an expert advisor (EA) designed to automate forex trading. In this ..Read More
Forex Earth Robot EA
Forex Earth Robot EA is a fully automated trading system designed to operate on the MetaTrader 4 platform, allowing traders to engage in the Forex market without manual intervention. However, it is essential to acknowledge that the Earth Robot has gained notoriety as a potentially dangerous trading system, with claims ..Read More
Golden Chicken EA
In the fast-paced world of trading, finding the right tools to enhance profitability is essential. Golden Chicken EA, an automated trading software, has gained significant attention among traders. In this comprehensive review, we will delve into the features, performance, ease of use, and customer support of Golden Chicken EA to ..Read More
Artilas EA
Artilas EA is a forex trading system developed by Atlas Forex, a reputable company in the forex trading industry. This review aims to provide a comprehensive analysis of Artilas EA, including its features, performance, and overall effectiveness. Led by an experienced advisor with 30 years of forex trading experience, Atlas ..Read More
Pips Scalper Pro
Pips Scalper Pro is an advanced trading robot, also known as an Expert Advisor (EA), designed to work on minute bar Open prices. With its focus on scalping strategies and utilization of Moving Average indicators, this EA aims to provide traders with efficient trade executions and the potential to catch ..Read More