How to Use MyFxBots?

Automated Forex trading robots or Expert Advisors are Metatrader plugins that help execute trades based on pre-programmed strategies. To use them, you need to install the robot on the Metatrader platform, configure its settings, and test it on a demo account before using real money.

Welcome to MyFxBots! Our team of experts meticulously analyzes strategies, conducts rigorous backtesting, tests with real money, and provides comprehensive reviews. We aim to empower our valued traders with our wealth of experience and insights!

  1. Get A Trading Account in a Good Broker

    Choose a reputable broker that offers low fees, good customer support, and a user-friendly platform. Ensure the broker is regulated and has a good track record.

  2. Get A Profitable Expert Advisor

    An Expert Advisor (EA) is an automated trading system. Look for EAs with a proven track record of profitability, positive reviews, and back-tested results. Test the EA on a demo account before using it with real funds. Our reviews are below!

  3. Get A Fast Cheap VPS

    A Virtual Private Server (VPS) hosts your trading software and provides low latency for faster trade execution. Look for VPS providers that offer good performance at an affordable price, and ensure they have reliable customer support.

  4. Get A Reliable CopyTrading

    CopyTrading allows you to automatically replicate the trades of experienced traders. Choose a reliable platform that offers verified and profitable traders to copy, and ensure the platform has good security measures in place.

  5. Get A Reliable Trading Signals

    Trading signals are in-time recommendations to buy or sell financial instruments. Choose a provider with a good reputation, transparent performance history, and a reasonable cost. Test the signals on a demo account before following them with real money.

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.
Visit Forex Striker Website
4.8/5
559 total votes.
Last Reviewed On:
Wed, 22 Jan 2014
Forex Diamond is a unique integration of trend and counter-trend strategies, smart money-management, dynamic trading parameter configurations, and rapid trade execution, implementing 3 advanced market domination strategies; secure after-retracement, secure countertrend, and aggressive countertrend scalping strategies and designed to trade with 3 proven Forex trading algorithms.
Visit Forex Diamond Website
4.87/5
438 total votes.
Last Reviewed On:
Mon, 20 Jan 2014

A trend EA as its name suggests, Forex Growth Bot takes the trader term "cut your losses short, let your profits run" actually earnest. As it trades only the EURUSD on M15 and it's not such a feature-rich software, this review will probably be shorter than my other reviews.

Visit Forex Growth Bot Website
4.78/5
602 total votes.
Last Reviewed On:
Mon, 23 Dec 2013
PipJet Robot is an Asian session scalping.
Visit PipJet Robot Website
4.89/5
628 total votes.
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
Visit Joker EA Website
4.7/5
764 total votes.
Last Reviewed On:
Sun, 8 Dec 2013
Drive Gold is an expert advisor trading gold using the grid basket strategy.
Visit Drive Gold Website
4.8/5
364 total votes.
Last Reviewed On:
Sat, 9 Nov 2013
Iris Fx is mostly trend-following by using a trailing stop and entries limit orders
Visit Iris Fx Website
4.69/5
334 total votes.
Last Reviewed On:
Sat, 2 Nov 2013
Forex Invest Bot opens multiple trades according to volatility with a fixed lot size trying to capture trend movements; it is the upgraded version of Forex Growth Bot with a similar trading style except for the more trades that might be opened by the Forex Invest Bot - it could exceed 20 simultaneous trades - and the improved entry & exit system being used.
Visit Forex Invest Bot Website
4.8/5
564 total votes.
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.
Visit FX Capitalist Website
4.6/5
514 total votes.
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.
Visit Million Dollar Pips Website
4.8/5
908 total votes.

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.