Moving Average Trailing Stop EA combines a trailing stop with the MA for the trading strategies. The EA isn’t available on the MQL marketplace, and you have to download it from a third-party source. In this article, we’ll look at the Moving Average Trailing Stop EA, how it works, its ..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.
Atomic Scalper EA
Atomic Scalper Expert Advisor is an automated forex trading robot that utilizes a Tick patterns built by advanced programming algorithms to signal a price retracement and place a trade. The EA is also based on the principle of capturing small market movements and take advantage from them through quick trades. ..Read More
Trend Scalper EA
The Trend Scalper EA is one such expert advisor that capitalizes on trends and major breakouts in the market while minimizing losses. But is it really as effective as it claims to be? In this comprehensive review, we will take a closer look at the Trend Scalper EA and evaluate ..Read More
Hybrid Trader EA
The Hybrid Trader EA is an automated MetaTrader 4 trading system that uses the principles of mean reversion and momentum to measure market volatility, trend, and correlation of currency pairs to determine entry and exit points in the forex market. In this review, we will take an in-depth look at ..Read More
Bright Night EA
The Bright Night EA is an automated MetaTrader 4 and 5 trading strategy that utilizes the spread expansions to identify potential price movements in the desired direction. By analyzing the pattern between the ask (buy) and bid (sell) prices, the EA can determine the direction of the price movement, allowing ..Read More
Venzo EA
The Venzo EA is a forex trading robot that utilizes algorithms and strategies to automatically execute trades on your behalf. Developed by a team of experienced traders and programmers, this tool is designed to adapt to changing market conditions and provide trading results. With a wide range of features and ..Read More
Galaxy 5 EA
The Galaxy 5 EA is a fully MetaTrader 5 automated Expert Advisor that utilizes support and resistance, trend, and volume indicators to Identify and place trades in the forex market. In this comprehensive review, we’ll examine the Galaxy 5 EA and explore its features, strengths, and weaknesses. By the end ..Read More
The One EA
The One EA is a MetaTrader 5 automated trading tool based on the assessment of the weakening of the market and the formation of reversal patterns to identify and place trades. In this review of The One EA, we will examine its features, strengths, and weaknesses. By the end of ..Read More
IS Orange EA
The IS Orange EA is a scalping trading strategy designed to capture small price movements and aims to enter trades at the peak of pullbacks during a trending market. In this comprehensive review, we will dive into the features, strengths, weaknesses, and risk management practices of the IS Orange EA. ..Read More
XT EURUSD EA
The XT EURUSD EA is an Expert Advisor (EA) developed for the MT4 and MT5 platforms, and specifically designed for trading the EURUSD currency pair on the H1 timeframe. It comes with trade management capabilities, risk management features, news filter integration, and customizable settings. Whether you are a seasoned trader ..Read More