In the fast-paced world of trading, having the right tools and strategies can make a significant difference in your success. One such tool that has garnered considerable attention is the Wall Street Scalper, a cutting-edge scalping robot developed using Artificial Intelligence. In this in-depth review, we will explore the various ..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.
Silver Bullet EA
The world of forex trading is both alluring and daunting, offering the promise of financial independence but also the risk of substantial losses. In this intricate landscape, trading strategies play a pivotal role in guiding traders to navigate these volatile markets. One such strategy is the ICT Silver Bullet, a ..Read More
New Genius Candles AI
In the rapidly changing landscape of forex trading, staying ahead of the competition requires innovative solutions. New Genius Candles AI emerges as a promising contender, offering traders the advantage of artificial intelligence (AI) and neural networks to navigate the intricacies of the forex market. In this in-depth review, we will ..Read More
Quantum Emperor EA
In the ever-evolving world of forex trading, traders are constantly seeking new tools and strategies to gain an edge in the market. Quantum Emperor EA, a MetaTrader expert advisor, has emerged as a solution designed to enhance your trading experience, specifically targeting the prestigious GBPUSD currency pair. Developed by a ..Read More
Prestige EA
In the fast-paced world of financial trading, technological advancements have revolutionized the way traders make decisions. The Prestige EA, an advanced Expert Advisor (EA), represents a significant leap in the application of artificial intelligence (AI) and machine learning to trading. Developed by a team of experienced financial experts and AI ..Read More
Neurotron EA
In the world of forex trading, where markets are constantly evolving and prices fluctuate by the second, having a reliable trading advisor can make all the difference. Neurotron EA claims to be one such advisor, offering a strategy that capitalizes on price reversals during the London session while utilizing a ..Read More
XG Gold Robot
Gold, often referred to as the “safe-haven” asset, has captivated traders and investors for centuries. Its intrinsic value, as well as its potential for price appreciation during economic uncertainties, make it a sought-after commodity in the financial markets. The XG Gold Robot is positioned as an indispensable tool for traders ..Read More
Infinity Forex Funds Review
Infinity Forex Funds is a dynamic and innovative financial investment firm specializing in the foreign exchange market (Forex). With a commitment to try delivering consistent and superior returns, Infinity Forex Funds tries to combine advanced technology, expert market analysis, and a diverse range of trading strategies to try helping investors ..Read More
Forex Robots for Android
What are Forex Robots? Forex robots, also known as Expert Advisors (EAs), are automated trading systems designed to try assisting traders in the dynamic world of foreign exchange (forex) markets. These intelligent pieces of software are programmed to execute trades on behalf of traders, using predefined algorithms and strategies. By ..Read More
Binbot Pro Review
Versatile Trading Bots for All BinBot Pro tries to emerge as a beacon for both newcomers and seasoned algorithmic traders. Its collection of ready-made trading robots is designed for binary options trading, trying to promise returns that can exceed a staggering 300% of the initial investment. A unique aspect lies ..Read More