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.

Updated On: Wed Nov 22nd, 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.

TimeFrame H1.
516 total votes.
Updated On: Sun Aug 20th, 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.
33 total votes.
Updated On: Sat Aug 12th, 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.
54 total votes.
Updated On: Thu Jul 27th, 2023

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.

TimeFrame M5.
558 total votes.
Updated On: Tue Jul 11th, 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.

Updated On: Mon Jun 12th, 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.
Updated On: Fri Jun 2nd, 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.

TimeFrame Any.
13 total votes.
Updated On: Tue Apr 25th, 2023

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.
22 total votes.
Updated On: Sun Apr 23rd, 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.
17 total votes.
Updated On: Fri Apr 21st, 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.

TimeFrame H1.
23 total votes.
Updated On: Wed Apr 19th, 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.
19 total votes.
Updated On: Mon Apr 17th, 2023

Wave Scalper is based on Elliot Wave theory.

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

TimeFrame H1.
15 total votes.
Updated On: Thu Apr 13th, 2023

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.
29 total votes.
Updated On: Tue Apr 11th, 2023

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.

Updated On: Sun Apr 9th, 2023

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.
21 total votes.
Updated On: Fri Apr 7th, 2023

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.
17 total votes.
Updated On: Wed Apr 5th, 2023

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.
37 total votes.
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