MyFxBots Forex Robots Trading Strategy Analysis, Exploring and Review

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.

Last Updated On: Mon, 12 Feb 2024

Perceptrader AI is a cutting-edge grid trading system that leverages the power of Artificial Intelligence, utilizing Deep Learning algorithms and Artificial Neural Networks (ANN) to analyze big amounts of market data at a high speed and detect high-potential trading opportunities to exploit.

Currency Pairs NZDUSD, USDCAD, AUDCAD, AUDNZD, ...
TimeFrame M5.
5/5
558 total votes.
Last Updated On: Mon, 12 Feb 2024

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, ...
TimeFrame M5.
4.8/5
53 total votes.
Last Updated On: Mon, 12 Feb 2024

Waka Waka is a professionally developed grid system with built-in risk settings that you can choose from, ranging from Low to High.

Currency Pairs AUDCAD, AUDNZD, & NZDCAD.
TimeFrame M15.
4.7/5
230 total votes.
Last Updated On: Mon, 12 Feb 2024

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.
4.81/5
72 total votes.
Last Updated On: Mon, 12 Feb 2024

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, ...
TimeFrame M5.
4.7/5
43 total votes.
Last Updated On: Mon, 29 Jan 2024

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.

Last Updated On: Thurs, 11 Jan 2024

Power Growth Trader is a scalper EA with an intelligent money management system.

Currency Pairs AUDCAD, EURGBP, EURSGD, GBPAUD, ...
TimeFrame H1.
4.9/5
53 total votes.
Last Updated On: Wed, 22 Nov 2023

Using Trend Matrix EA, traders can identify and profit from market trends. It offers a safe and reliable way to navigate the forex market with its Next Generation Loss Recovery System and reliable risk management tools.

Currency Pairs AUDUSD, EURGBP, EURJPY, EURUSD, ...
TimeFrame H1.
5/5
516 total votes.
Last Updated On: Sun, 20 Aug 2023

Pips Master Pro has a Strong, pure and simple trading logic, Reasonable TP and SL levels, High spread, slippage and broker protection, Multiple currency pairs support, Low drawdown, and New, improved, highly effective exit logic.

Currency Pairs USDJPY, GBPUSD, and GBPJPY
TimeFrame H1.
4.7/5
33 total votes.
Last Updated On: Sat, 12 Aug 2023

Happy Bitcoin EA operates based on a strategy that involves identifying market waves and trends and constructing correction-impulse levels. There is no grid, no hedging, no arbitrage, nor martingale elements in the EA trading strategy.

Currency Pairs BTCUSD
TimeFrame M30.
4.5/5
54 total votes.
Last Updated On: Tues, 11 Jul 2023

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.

Last Updated On: Mon, 12 Jun 2023
Happy Market Hours is a scalper EA using identical 40 pips S/L and T/P limits with default maximum spread of 5 pips, basically designed for all types of traders in the Forex market including new users.
Last Updated On: Fri, 2 Jun 2023

The King Robot is a high-growth scalper with no grid, and as its developers ensure, the EA can get 10% to 100% profit per month with a high frequency of trades.

Currency Pairs AUDUSD, EURUSD, GBPUSD, USDCAD, ...
TimeFrame Any.
4.9/5
13 total votes.
Last Updated On: Sun, 23 Apr 2023

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.
4.9/5
17 total votes.
Last Updated On: Fri, 21 Apr 2023

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, ...
TimeFrame H1.
4.8/5
23 total votes.
Last Updated On: Wed, 19 Apr 2023

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 ( ...
TimeFrame H1.
4.8/5
19 total votes.
Last Updated On: Mon, 17 Apr 2023

Wave Scalper is based on Elliot Wave theory.

Currency Pairs Multiple while GBPUSD and USDJPY ...
TimeFrame M15.
5/5
35 total votes.
Last Updated On: Sat, 15 Apr 2023

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.