MyFxBots

 MyFxBots Forex Robots Trading Strategy Analysis, Exploring and Review Page 3

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.

It waits for the market's best situation to open trades, by setting the maximum drawdown value for all the trades or for each tradable currency pair separately, it guarantees an unprecedented control over the account balance it's trading. It can also run alone or simultaneously with other Forex Robots.
Currency Pairs: EURGBP and AUDUSD
TimeFrame: M30
Updated On: Sat Feb 18th, 2017
4.54/5
91 total votes.
Inertia Trader uses the idea of price inertia and its trading behavior is mainly based on the price momentum physical properties.
As the fundamental market principles form the core of its trading function and it doesn't trade based on past historical data, there is no need for it to be regularly optimized.
Currency Pairs: EURUSD
TimeFrame: M1
Updated On: Tue Jan 3rd, 2017
4.65/5
58 total votes.
As a non-Grid, non-Martingale system, RayBOT relies for its trading on price swings between Support / Resistance levels. It is a frequent trader achieving a trading rate of about 5 to 10 trades a week on each currency pair.
Currency Pairs: EURUSD, AUDUSD, USDCAD
TimeFrame: M15
Updated On: Thu Jun 23rd, 2016
4.54/5
44 total votes.
PowerfulForex is a non-indicator dependent Forex robot - uses no indicators in its algorithm, but computes the entry and exit points according to its precise analysis of the market movement in the past days.
Currency Pairs: AUDUSD, EURUSD
TimeFrame: H1
Updated On: Thu Apr 28th, 2016
4.46/5
76 total votes.
Benefit EA automatically sets TP on a minimum number of points of the price without being discovered by the broker until all trades are closed with the ability to open the next series order manually then the EA will calculate the potentially profitable TP for the entire series and continue to work according to its core algorithm.
Currency Pairs: EURJPY, EURUSD, USDJPY, USDCAD, USDCHF, AUDUSD and GBPUSD
TimeFrame: M1, M5 and M15
Updated On: Tue Feb 2nd, 2016
4.69/5
100 total votes.
REV Trader PRO is not a martingale or a grid strategy-based robot. It monitors the vertical pattern swings and determines the highs and lows and uses the data to make an entry on the reversal of market movement. It employs built-in unique brilliant filters to detect false trade signals.
It trades in baskets of up to 3 orders with won: lost pips per trade ratio of almost 1:1 and it exits using a trailing stop.
Currency Pairs: AUDUSD, GBPUSD, EURUSD, and NZDUSD
TimeFrame: H1
Updated On: Thu Sep 24th, 2015
4.39/5
147 total votes.
Dynamic Pro Scalper is an Asian session scalper with a unique and high-efficient trading strategy and dynamic volatility entry and exit levels.
Currency Pairs: GBPUSD, USDJPY, GBPCHF, GBPCAD, EURGBP, EURCAD, EURCHF, USDCAD, USDCHF
TimeFrame: M15
Updated On: Sat Sep 19th, 2015
4.49/5
60 total votes.
Trend following and retracement. If moving averages confirm the required market conditions, price action is used to generate trading signals.
Currency Pairs: GBP/USD
TimeFrame: H1
Updated On: Sun Sep 13th, 2015
4.61/5
42 total votes.
FXOxygen is a martingale EA with a unique trading formula according to which it calculates certain trading hours everyday for opening its trades.
Currency Pairs: EURUSD and USDJPY
TimeFrame: M30
Updated On: Sat Aug 29th, 2015
4.56/5
25 total votes.

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