MyFxBots | Trading Style Trading Forex Robot Reviews

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Trading Style

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.

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Forex Megadroid v1.40

Last Reviewed On:

Sun, 1 Jun 2014

Forex Megadroid is an Asian session scalper, it resets its algorithm according to the current market conditions insuring your profits and minimizing your losses, it applies a new technology called RCTPA (Reverse Correlated Time And Price Analysis), it's able to trade without being detected by the broker.

4.67/5

461 total votes.

NFA Compatible

A Sold-Out Expert Advisor!

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Forex Striker v1.2

Last Reviewed On:

Fri, 14 Feb 2014

Forex Striker is a scalping Forex robot, trading on the 5M timeframe, can run on accounts of as little as $500 - $1000, with a risk of only 3% per trade, the robot codes are simplified facilitating the control of memory overloads in the computer which can lead in PC crashes, the robot is able to adjust the trade's SL/TP values according to the market movements, it can also track floating spreads and execute them into the trading strategy.

4.8/5

559 total votes.

NFA No

A Sold-Out Expert Advisor!

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PipJet Robot v1.02

Last Reviewed On:

Mon, 23 Dec 2013

PipJet Robot is an Asian session scalping.

4.89/5

628 total votes.

NFA Compatible

A Sold-Out Expert Advisor!

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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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Drive Gold v201

Last Reviewed On:

Sun, 8 Dec 2013

Drive Gold is an expert advisor trading gold using the grid basket strategy.

4.8/5

364 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.