MyFxBots | Forex Day Trading Forex Robot Reviews

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Forex Day

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:

Sold

Joker EA vReborn

Last Reviewed On:

Sat, 14 Dec 2013

A scalping robot on trend pullbacks, resembling WallStreet Forex Robot. While its TP is set at 35 pips from the entry, it prefers to close most of the trades at 2-4 pips in profit and rarely keeps a trade running its full course. Its SL is set at 70 pips

4.7/5

764 total votes.

NFA No

A Sold-Out Expert Advisor!

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FX Capitalist v1.1.7

Last Reviewed On:

Wed, 23 Oct 2013

FX Capitalist is a scalper all over the day with so tight stop loss (L version => 4 pips, S version => 2 pips) and a more higher take profit target (L version => 13 pips, S version => 11 pips). The losing trades are ordinary predominant, but the final result is still good.

4.6/5

514 total votes.

NFA No

A Sold-Out Expert Advisor!

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Million Dollar Pips v1.6

Last Reviewed On:

Fri, 18 Oct 2013

Scalping, very short trade duration, multiple concurrent positions possible; due to the pips per trade low average number, this EA results will sure vary greatly from one broker to another. Scalping, very short trade duration, multiple concurrent positions possible; due to the pips per trade low average number, this EA results will sure vary greatly from one broker to another.

4.8/5

908 total votes.

NFA No

A Sold-Out Expert Advisor!

Risk

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.