MyFxBots

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.

FX Scalper X Forex robots allow the automation of analytical and trading processes. They can open and close trades based on certain criteria or calculations that it has been programmed to do.

Currency Pairs: More than 15 different currency pairs.
TimeFrame: Any
Updated On: Wed May 10th, 2023
5/5
65 total votes.

Trade Explorer efficiently monitors the market trends and price action, while ignoring sharp movements and market noise. It has an advanced dynamic trade management system designed to keep high returns with relatively low drawdowns.

Trade Explorer scans over 27 pairs, hunting for opportunities to be exploited.

Currency Pairs: 27 Currency Pairs.
TimeFrame: Any
Updated On: Sun Apr 23rd, 2023
4.9/5
17 total votes.

FX Jetbot's developers claim that they have put a lot of effort into developing and afterward configuring a special algorithm that very effectively finds the Market entry points. They also ensure that this algorithm can quite accurately predict where the price will go.

FX Jetbot almost always works with a fixed lot, without using Martingale.

Currency Pairs: AUDUSD, EURJPY, EURGBP, USDCAD, and EURUSD
TimeFrame: H1
Updated On: Fri Apr 21st, 2023
4.8/5
23 total votes.

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.

Wave Scalper is based on Elliot Wave theory.

Currency Pairs: Multiple while GBPUSD and USDJPY are preferred.
TimeFrame: M15
Updated On: Mon Apr 17th, 2023
5/5
35 total votes.

FXCipher has two built-in strategies, designed to adapt to a situation in the Market. Trading using one of them, the EA will switch to another strategy in case of certain circumstances, in order to minimize risks and increase efficiency. This helps to ensure the high reliability of the robot along with good profitability.

Currency Pairs: AUDUSD, USDCAD, EURJPY, NZDUSD, & EURCAD
TimeFrame: H1
Updated On: Sat Apr 15th, 2023
4.8/5
15 total votes.

ForexExtract is an interesting robot that, has many levels of protection which provide good reliability and security for the user's account. But even if they all fail for some reason, due to some unprecedented Market upheaval, ForexExtract has a built-in drawdown limitation mechanism that will protect your account from significant losses.

Currency Pairs: AUDUSD & USDCAD
TimeFrame: H1
Updated On: Thu Apr 13th, 2023
4.5/5
29 total votes.

No indicators are used by FXConstant. Price movements are directly analyzed by the EA. Patterns are activated based on price movement specificity.

Currency Pairs: EURUSD & AUDUSD
TimeFrame: H1
Updated On: Sun Apr 9th, 2023
4.7/5
21 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.

Money Tree has a win rate of about 90%, with no account exposure risk, and low Stop Loss. It's not a Hedging or Grid system

Currency Pairs: Multiple (15 currency pairs).
TimeFrame: Any
Updated On: Wed Apr 5th, 2023
4.9/5
37 total votes.

FXParabol uses a combination of two indicators in such a way as to detect a trend and determine the moment when to start trading in the direction of this trend.

Currency Pairs: USDJPY, USDCHF, & EURUSD
TimeFrame: M1
Updated On: Sat Apr 1st, 2023
4.9/5
21 total votes.

FXQuasar Expert Advisor does not use indicators.

It works directly with quotes and internal algorithms for analyzing the current market situation, as well as analyzing price movements over the past few days.

Based on the results obtained, it decides whether to open a trade or wait and in which direction to trade.

Currency Pairs: AUDUSD
TimeFrame: H1
Updated On: Tue Mar 28th, 2023
4.8/5
9 total votes.

Forex Truck Expert Advisor has a special feature - it consists of two blocks that work together in addition to risk control.

The strategy and algorithms used in the EA made it possible to achieve full compatibility with any broker, so there is no need to select a broker with special trading conditions - any broker will do.

Currency Pairs: USDCAD
TimeFrame: H1
Updated On: Sun Mar 26th, 2023
4.6/5
11 total votes.

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.

Currency Pairs: GBPJPY
TimeFrame: M5
Updated On: Fri Mar 24th, 2023
5/5
67 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.

Night Hunter PRO utilizes smart entry/exit algorithms to identify only the safest entry points during calm periods of the
market.

Currency Pairs: AUDCAD, CHFJPY, EURAUD, EURCAD, EURCHF, EURUSD, GBPUSD, USDCAD, & USDCHF.
TimeFrame: M5
Updated On: Thu Feb 23rd, 2023
4.2/5
3 total votes.

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).

Currency Pairs: AUDCAD, AUDNZD, EURAUD, EURGBP, EURNZD, GBPAUD, GBPCAD, & NZDCAD.
TimeFrame: M5
Updated On: Wed Feb 22nd, 2023
4/5
4 total votes.

Algorithmic Happy Brexit is a built system based on finding so-called "big fish" time movements; huge pips variations using a very low degree of drawdown.

Currency Pairs: EURGBP
TimeFrame: H4
Updated On: Thu Feb 9th, 2023
4.9/5
43 total votes.
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