Following popular trading styles as day trading, carry trade, buy and hold strategy, hedging, portfolio trading, spread trading, swing trading, order trading, and algorithmic trading is an important way to develop Forex trading strategies.
Understanding the strengths and weaknesses points is the cornerstone for the use and development of Forex trading strategies. The trader personality is an important factor that should be considered when developing a strategy that suits it and his behavior.
No one “right” way of trading exists; the right way for some may not suit others. This is called the trading style Forex strategies which was converted to automated strategies by some developers in Forex robots that proved to be successful as no personal interference exists in this case, below we've published reviews of some of them.
The King Robot is a high-growth scalper with no grid, and as its developers ensure, the EA can get 10% to 100% profit per month with a high frequency of trades.
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.
Stealth Trader is a low drawdown system, meaning it's designed to trade with very little loss while maximizing profits using NO martingale and NO grid strategy whatsoever. There will be opportunities to profit almost EVERY SINGLE DAY.
Evening Scalper PRO uses an original & compelling trading logic on cross pairs that have a solid mean-reverting tendency with high-profit targets (unlike most night scalpers).
WallStreet Forex Robot 3.0 Domination is a scalper EA that's not limited to the Asian session, opening positions around the clock with a fairly profitable outcome, a few indicators which are shipped with Metatrader are involved in a creative way, so the entry signals are determined. It has retry loops for opening/closing orders, denoting a certain degree of experience with automated live trading. Although the DLL programming is sometimes an obstacle for EAs running on multiple pairs with the same DLL, in this EA, this seems to be entirely thread-safe.
Happy Fast Money basic idea is to open a transaction with buy and sell limits. new buy and sell limits are set when the executed transaction price has touched the limits set by the EA.
Multi-strategy-based Scalping Expert advisor.
Best Free Scalper Pro is a powerful automated Forex scalping system, one of the FXAutomater family. A reputable ECN Forex broker with very tight spreads, low commissions, and minimal slippage is required as it can confirm the difference between a winning and losing trading system, especially scalping strategy ones.