Salman1 Posted May 12, 2020 Report Share Posted May 12, 2020 I would not dare to say that there is any best auto trading robot for Forex Market. There may be in the world, but it probably not for sales nor for the public. If you have been in the forex market for a while, you will naturally become curious about automating your trades when you have a strategy and money management that bring profitability consistently. I am an active signals follower and been in this industry for years thus these are a few tips before choosing a profitable robot in the market. Drawdown It is common that you study drawdown before diving into any EA. As this is the likely losses you will incur in the strategy you are engaging. The certain trading robot drawdown could get as high as 80% which I would not recommend. A safe drawdown would range 10%-20%, while max drawdown would range within 35%-50% depending on your risk appetite. Martingale/Grid This is a strategy which projects a clean curve on every portfolio. The only downside is that the stacked trades one day may backfire and margin call your account in a single day. In my opinion, such a strategy has its pro and con and it would be difficult to even debate if it is suitable for investment since such a strategy is more towards probability game/ gambling with formula. View the Best Forex EAs, the reviews and proven results and select the best FX Expert Advisors for Metatrader MT4 for your needs: https://www.best-forex-robots.com/l/broker-profit/ Read the Reviews Before you settle on a forex robot, check out the reviews. You can assess the credibility of a forex robot by visit forex trading forums. Here, you can ask for advice about the forex robot you like or you can read posts about the robot by other members. Researching carefully can help you understand if a forex robot will be suited to your particular trading style and level of experience. Ask for Back Testing Data Any EA will have the back-testing data for more than 10 years. It would be tested on different pairs to ensure it is profitable on different market condition and best used on which currency pairs. Check out the Live Trading Results Request for live verified results. Usually, you can find real verified results either on myfxbook or FX Blue. Sometime EA developer will provide investor password for you to review their performance on a live account. I will only stick to EA with verified results since this is the only way to ensure profitability. Summary Forex Robot is not a get rich quick solution, always ensure you have set up stable and consistent risk management on every EA to ensure long-lasting profitable trading experience. Forex is already considered as a high-risk product, therefore you should always do your money management properly to avoid over-leveraging. Link to comment Share on other sites More sharing options...
Vadym Posted July 17, 2021 Report Share Posted July 17, 2021 I would recommend the automatic Forexome trading robot for forex trading. It is built on a very efficient trading algorithm. The robot waits for a confident price movement and opens a deal. TakeProfit and StopLoss are set for each trade in order to fix the maximum loss. SL and TP are placed at a short distance from the opening of the order. The logic is that if the price moves confidently and quickly in a certain direction, then, most likely, it will continue to move with a high probability and we will be able to make a small profit on a short trade. Download free demo version and test to traid. Forexoome_Demo .ex4 Link to comment Share on other sites More sharing options...
Vellder Galus Posted December 6, 2021 Report Share Posted December 6, 2021 I can't recommend anything specific yet. Link to comment Share on other sites More sharing options...
fxfarmerashik Posted December 20, 2021 Report Share Posted December 20, 2021 2021 comes to an end and our team wants to celebrate the coming of the new year together with our clients! That's why we launch our traditional winter promo — the New Year Promo 2022. Once again the market will choose the lucky traders that will get the following prizes: iPhone 13 Pro Max 512 GB MacBook Max Pro iPad Pro Note: 100 cash prizes that would be transferred to trading accounts of our clients. Link to comment Share on other sites More sharing options...
Resolve Posted December 28, 2021 Report Share Posted December 28, 2021 I am making use of the manual trading system for doing my trading in the foreign exchange market and they are the best. Link to comment Share on other sites More sharing options...
Alex Williamson Posted January 27, 2022 Report Share Posted January 27, 2022 Learn2Trade - Overall Best Forex Robot. ... Forex Fury – Excellent Forex Robot with 93% Success. ... 1000pip Climber - Excellent Results And Easy to Use. ... FX Master Bot – Best Forex Robot for Web-Based Automated Trading. ... EA Pros - Free Forex Robot for 5 Pairs on MT4. ... eToro – Best for copy trading. Link to comment Share on other sites More sharing options...
Matheus Schotsman Posted January 30, 2022 Report Share Posted January 30, 2022 Robot trading is extremely reliable and well-trained and is not prone to numerous mistakes if it is changed in a legal manner. The main difference between a human forex trader and a robot is the cerebrum, which a robot does not possess. You are able to alter and overhaul your cerebrum immediately according to market conditions but you cannot alter the robot's program. Robot trading is also a threat to our leadership control. I'm happy and successfully using manual trading through my broker Eurotrader despite it being true that Eurotrader provides robot trading. There are no limitations as with other brokers. Link to comment Share on other sites More sharing options...
pradegxs Posted January 31, 2022 Report Share Posted January 31, 2022 Guys can you suggest any reliable broker? What do you think about Hotforex? Link to comment Share on other sites More sharing options...
TGF Premium kriptopoulin Posted March 21, 2022 TGF Premium Report Share Posted March 21, 2022 please suggest me some good robots for trading which is free of cost. Link to comment Share on other sites More sharing options...
Pixie Pips Posted March 21, 2022 Report Share Posted March 21, 2022 Even so, with a decent win rate and risk/reward ratio, a dedicated forex day trader with a decent strategy can make between 5% and 15% per month, thanks to leverage. Remember, you don't need much capital to get started; $500 to $1,000 is usually enough. Link to comment Share on other sites More sharing options...
hattjons Posted March 25, 2022 Report Share Posted March 25, 2022 It is much easier and safer to change the currency yourself, why use an unreliable bot? Link to comment Share on other sites More sharing options...
CryptoRobotic Posted April 1, 2022 Report Share Posted April 1, 2022 Also, you can easily trade with robots not only for the forex but for the crypto market too! You can even write a bot yourself with CryptoRobotics! How to set up a crypto trading bot? https://cryptorobotics.co/crypto-trading-bots-the-ultimate-beginners-guide/ Bitcoin trading bot is a software program that automatically buys and sells various cryptos at the right time to generate a profit. It enters trades based on pre-established parameters. Due to the crypto trading bots, traders will not miss the opportunity to enter profitable trades by running a set of algorithms and will be able to open orders in time. Link to comment Share on other sites More sharing options...
tradesprint Posted April 4, 2022 Report Share Posted April 4, 2022 On 3/26/2022 at 12:38 AM, hattjons said: It is much easier and safer to change the currency yourself, why use an unreliable bot? There are some traders who still love manual trading however since this is the era of automation so a proper EA can be helpful in managing trades in my opinion. However, EAs requires monitoring during high volatile markets so be careful they should not double your trouble. Link to comment Share on other sites More sharing options...
Pixie Pips Posted April 7, 2022 Report Share Posted April 7, 2022 Automated forex trading software runs on a program that analyzes currency price charts and other market activity over multiple time frames. The software identifies signals - including spread differences, price trends, and news that may affect the market - to locate potentially profitable currency pair trades. Link to comment Share on other sites More sharing options...
tradesprint Posted April 12, 2022 Report Share Posted April 12, 2022 It would be best if you have any strategy coded into EA if you know how to code in mql or either hire any developer for that. Link to comment Share on other sites More sharing options...
Pixie Pips Posted June 9, 2022 Report Share Posted June 9, 2022 You can create automated forex trading systems via API for many of the platforms offered by IG, including MetaTrader 4 (MT4), ProRealTime and our regular online trading platform. With MT4 and ProRealTime, it is also possible to purchase and install pre-built systems made by third parties. Link to comment Share on other sites More sharing options...
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