MyFxBots

Algorithmic trading, the so-called, automated Forex trading, is a way to gather and coordinate the ideas and principles of one or more of the other manual Forex trading strategies into one computer application that runs on a trading platform like MT4 to give orders to it according to its programming conditions to buy or sell a certain amount of a currency pair at a specific time frame.

As mentioned, this kind of computer program is based on signals derived from technical analysis strategies, this is done by adding instructions to the software to search for certain signals and determine the way of interpreting them. Highly developed advanced platforms as NetTradeX, MetaTrader 4, and MetaTrader 5 come with complementary integrated platforms that allow for such algorithmic trading.

Developing a Forex trading strategy by robots and programs mainly aims to avoid the emotional aspect of manual trading, as it is believed that the psychological interaction with trades prevents them from being reasonable and often impacts trades negatively.

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.

The highest-performing gold EAs all share the same common logic: grid trading.

Valery Trading EA developers team have developed the #1 ranked grid trading EA, called Waka Waka, and then they have applied many of the algorithmic principles from Waka Waka to this gold EA, and the results have been mind-blowing: Golden Pickaxe performs even better than Waka Waka.

Currency Pairs: XAUUSD
TimeFrame: M1
Updated On: Tue Apr 25th, 2023
4.8/5
21 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.

The Skilled Trader has been developed to utilize and maximize the 3 secrets of successful Forex trading that will be discussed in this review. These 3 secrets actually work to allow the EA to beat the Forex market without being sabotaged by the broker it's trading on.

Currency Pairs: EURUSD, GBPUSD, & XAUUSD
TimeFrame: Any
Updated On: Tue Apr 11th, 2023
4.7/5
55 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.

FXGoodWay is based on a Grid Strategy.

Currency Pairs: EURUSD & USDCHF.
TimeFrame: H1
Updated On: Mon Apr 3rd, 2023
4.9/5
31 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.

Without using a grid, martingale, or hedging strategies, Fund Trader approaches the market via a dualistic (2-step) process to determine when to enter and exit the market with profit.

Currency Pairs: Up to 18 currency pairs.
TimeFrame: Any
Updated On: Thu Mar 30th, 2023
4.8/5
43 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.
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