MyFxBots

A trend is simply a tendency, a market movement direction, and is considered as one of the most essential concepts in technical analysis. Any technical analysis tool used by an analyst has only one purpose, which is to help to identify the market trend. The Forex trend meaning is very much similar to its general meaning - just the direction in which the market moves. But the difference is that the foreign exchange market not like other markets, it moves in a characterized way by series of zigzags, like successive waves that have clear peaks and troughs or as they are often called highs and lows.

Trend trading is one of the oldest classic trading strategies and is now taking its rightful. Its strong logic suggests it keep its relevance among traders around the world in the future. It has three main very logical strong but simple principles:

  • Buy when the market goes up (uptrend/bullish trend).
  • Sell when the market goes down (downtrend/bearish trend).
  • Take no action, see and wait when the market moves horizontally, not up nor down (sideways trend/consolidation).

The trend following strategy application is compatible with trades on various timeframes, but medium and long-term trading has the highest rate of protection accuracy and lowest risk value, where the long-lasting trends are considered strong ones. Swing and position traders whose trading depends on predicting the future market movement direction would greatly prefer using trend trading. Also, scalpers and day traders catch trends, but more precisely in weaker and very short-lived ones, a form of fluctuations within the main big trend.

Forex Enigma is a 3x innovative trading strategy in one algorithm (Scalp, Trend, and Half Grid) with a News Filter which greatly improves the efficiency of trade.

Currency Pairs: One pair EURCHF or multi pairs (USDCAD, AUDCAD, AUDUSD), (EURUSD, GBPUSD, EURGBP)
TimeFrame: H1
Updated On: Wed Apr 19th, 2023
4.8/5
19 total votes.

The Skilled Trader has been developed to utilize and maximize the 3 secrets of successful Forex trading that will be discussed in this review. These 3 secrets actually work to allow the EA to beat the Forex market without being sabotaged by the broker it's trading on.

Currency Pairs: EURUSD, GBPUSD, & XAUUSD
TimeFrame: Any
Updated On: Tue Apr 11th, 2023
4.7/5
55 total votes.

To a greater extent, a price in the Forex market has a certain amplitude of fluctuation - replacing an upward movement with a downward one.

Based on this principle, FXHelix collects recent data on price movements to find a deviation from the average rate of price movement during a certain period. When such a moment has been found, the EA with a high probability finds out which way the price will move, and after that begins to trade.

Currency Pairs: AUDUSD
TimeFrame: H1
Updated On: Fri Apr 7th, 2023
4.4/5
17 total votes.

FXGoodWay is based on a Grid Strategy.

Currency Pairs: EURUSD & USDCHF.
TimeFrame: H1
Updated On: Mon Apr 3rd, 2023
4.9/5
31 total votes.

Quick Scalp Trader identifies the trend with optimized moving averages, then determines an entry based on fractals and candlestick movement.

Currency Pairs: Multiple pairs, best on EURUSD and GBPUSD.
TimeFrame: H1
Updated On: Mon Mar 20th, 2023
4.8/5
27 total votes.

The cornerstone principles for Power Trader take into account price action, market volatility, and short-term trending.

Currency Pairs: Multiple.
TimeFrame: Any
Updated On: Sat Mar 18th, 2023
4.9/5
13 total votes.

The strategy of the Trader's Sun EA, embodied in the algorithm, is based on determining support and resistance levels, as well as identifying the behavior and direction of the Market’s movement, in order to assess the strength of the movement impulse and the probability of its continuation.

Trader's Moon EA is an Expert Advisor that uses the Martingale principle, but with a number of significant improvements and benefits.

Currency Pairs: Trader's Dun: EURUSD, USDJPY, EURCHF, AUDCAD, and USDCAD - Trader's Moon: AUDCAD, GBPAUD, AUDNZD, NZDCAD, EURCHF, EURGBP, EURSGD, and GBPCAD
TimeFrame: H1
Updated On: Sun Mar 5th, 2023
5/5
47 total votes.

In order to spot trends in the markets, the Easy Money X Ray Robot makes use of a proprietary quad indicator system that is composed of four indicators that are used in combination to determine the best entry points.

Currency Pairs: EURUSD, GBPUSD, & XAUUSD
TimeFrame: Any
Updated On: Wed Dec 21st, 2022
4.9/5
9 total votes.

FX Eternals Trading is based on Long-term profitability with the drawdown algorithm according to risk setting.

Currency Pairs: USDCAD
TimeFrame: H4
Updated On: Mon Dec 12th, 2022
4.5/5
17 total votes.

Trend Hunter is an Auto Adapting Trend Trading Forex Robot.

Currency Pairs: EURAUD, EURCAD, EURGBP, EURNZD, EURUSD, UK100I, and USDMXN
TimeFrame: Any
Updated On: Fri Nov 11th, 2022
4.5/5
27 total votes.

Gold Trader runs completely automated and manages the GOLD investment by capitalizing on the volatility movements of GOLD.

Currency Pairs: XAUUSD
TimeFrame: Any
Updated On: Wed Sep 21st, 2022
4.3/5
17 total votes.
Happy Gold uses a trend strategy with a modified ZigZag indicator, that best works on XAUUSD in the M30 chart.
Currency Pairs: XAUUSD (GOLD)
TimeFrame: M30
Updated On: Wed Aug 24th, 2022
4.9/5
5353 total votes.

Multi-strategy-based Scalping Expert advisor.

Currency Pairs: 28 Currency Pairs (Enable Major pairs first, then try minors).
TimeFrame: Any (according to the set file given).
Updated On: Sat Jul 30th, 2022
4.8/5
298 total votes.

No Grid, No Hedging, No Martingale, and No Massive StopLoss. But a strong evolved Money Management System.

Currency Pairs: GBPUSD
TimeFrame: Any
Updated On: Sun May 15th, 2022
4.7/5
19 total votes.

AX Trader is a High-Frequency Currency Trading Forex Robot coded with a unique hybrid strategy that utilizes Fibonacci and trend following.

Currency Pairs: AUDUSD, GBPUSD, USDCHF, EURUSD, USDCAD, and USDJPY
TimeFrame: Any
Updated On: Thu May 12th, 2022
3.9/5
35 total votes.

With the help of its built-in Forex indicators, Atomic Trader uses its unique algorithm to identify when the market is supposed to go up or down, then enters or closes trades on your behalf while you live your regular day.

Currency Pairs: AUDUSD, GBPJPY, EURGBP, USDCAD, EURUSD, and USDJPY
TimeFrame: Any
Updated On: Sat May 7th, 2022
4.9/5
19 total votes.

Happy Frequency combines the concepts trend/grid/hedge/semi-martingale according to risk low/middle/high/combi EA files. The whole strategy is protected with a News filter.

Currency Pairs: USDCAD, EURUSD, EURGBP, EURJPY, EURCHF, GBPUSD, AUDUSD, USDCHF and USDJPY
TimeFrame: M5
Updated On: Wed May 4th, 2022
4.5/5
5 total votes.

As the name suggests, Forex Combo System is a collection of several subsystems, four to be clear. The most accurate description that fits it is "four different EAs joined together". The result of such an EA could be considered "Pleasant" as you will discover this yourself after some further reading, It's an easy-to-use EA and is one of the most solid automated trading systems that I've ever seen.
 

Currency Pairs: EURUSD, GBPUSD, EURAUD and EURCAD
TimeFrame: M15
Updated On: Wed Mar 16th, 2022
4.7/5
462 total votes.
Loading more Trend FollowingEA Reviews...