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Day trading strategy simply means buying and selling a security within the same day, that is a day trader cannot hold any open trading position for the next day.
Day trading strategies include scalping, fading, daily pivots, and momentum trading, in all of which several trades can be carried out within a day but all the trading positions should liquidate before the market closure as the longer a position is on hold, the higher the risk of losing it could yield. Depending on the trading style type, the price target may change. Below are reviews of some automated Forex robots using day trading strategies in their algorithms coded and refined by expert Forex developers and proved to be profitable and most safe:
GOLDUXE mainly applies intraday trading strategy, it opens and closes trades within the same day, exploiting the daily volatility of gold prices. It does not use martingale-style trading.
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.
Wave Scalper is based on Elliot Wave theory.
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.
Quick Scalp Trader identifies the trend with optimized moving averages, then determines an entry based on fractals and candlestick movement.
Strictly ruled grid-based trading technique with safety "high frequency" scalping element.
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 that are shipped with Metatrader are involved creatively, 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.
The Gold Scalper PRO strategy's principle is to enter in a distinctive market impulse direction and follow correction. A principle that has been around for as long as the markets have existed.
Gold Scalper PRO is not a grid, martingale, or using any other risky strategies, it just employs a classical trading strategy by a textbook using reasonable Stop Loss levels and a prosperous entry and exit trading logic beside an optional money management ATR based algorithm.
DAX Day Trader is a Forex day trading volatility system.
DynaScalp is a Beginner friendly 100% Automated Super Scalper EA with News filter, No Grid, and No Martingale that closes trades on the same day.
Gold Trader runs completely automated and manages the GOLD investment by capitalizing on the volatility movements of GOLD.
Multi-strategy-based Scalping Expert advisor.
No Grid, No Hedging, No Martingale, and No Massive StopLoss. But a strong evolved Money Management System.
Smart Scalper PRO is very simple, but it is based on the most proven trading principle since the markets exist – enter the market in the direction of a strong market impulse after a reasonable correction is detected.
Forex Fury follows a combination of time-restricted and scalping strategies. The robot opens all trades within one hour per day in less volatile marketing conditions.
News Scope EA PRO applies high impact news trading.
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.
Forex trading can involve the risk of loss beyond your initial deposit. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
Forex accounts typically offer various degrees of leverage and their elevated profit potential is counterbalanced by an equally high level of risk. You should never risk more than you are prepared to lose and you should carefully take into consideration your trading experience.
Past performance and simulated results are not necessarily indicative of future performance. All the content on this site represents the sole opinion of the author and does not constitute an express recommendation to purchase any of the products described in its pages.