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:
Sat, 21 Dec 2024

The Alita Pro Battle Cyborg uses a price action trading strategy combined with trading indicators. It is designed to automatically place, manage, and close trades1. The strategies include:

  • Scalping

  • Swing Trading

  • Trend Following

Visit Alita Pro Battle Cyborg Website
4.8/5
915 total votes.
Last Reviewed On:
Wed, 3 Jul 2024

A Forex trading system that combines two completely different Forex Strategies, called CORE1 (Trend Following) and CORE2 (MA indicator). Both systems use powerful drawdown control systems.

Visit FX Multicore Website
4.8/5
317 total votes.
Last Reviewed On:
Sun, 30 Jun 2024

FX Quake algorithm is based on a grid strategy with a small lot increase and drawdown limiting system.

Visit FX Quake Website
4.7/5
617 total votes.
Last Reviewed On:
Thurs, 27 Jun 2024

Based on predefined gold scalping strategy rules, the SuperGold trading robot automatically executes trades on the MetaTrader platform, using a proprietary trading algorithm.

Visit Super Gold Website
4.8/5
169 total votes.
Last Reviewed On:
Mon, 24 Jun 2024

In Metatrader4, the US30 Turbo EA works only with the US30 index.

With its inner settings, it will analyze the market, collect all the market information, and place a trade based on that information.

As long as it trades only above 86% accuracy and if trades go into drawdown, it will use its smart grid to breakeven the trades without losing money.

Try it out on a demo account for better understanding.

Visit US30 Turbo Website
4.8/5
713 total votes.
Last Reviewed On:
Sun, 23 Jun 2024

Gold Hitter EA only works on the XAUUSD pair on MetaTrader 4. An inside setting analyzes the market, gathers fundamental news, and places the trade based on that information. Trading is limited to 88% accuracy and if the trades go into drawdown, the smart grid will breakeven the trades without loss.

Visit Gold Hitter Website
4.9/5
1249 total votes.
Last Reviewed On:
Tues, 7 May 2024

Chat GPT and Gemini (developed by Google) are the two most powerful AI engines available. The Gemini AI handles real-time trading data better than Chat GPT. However, Chat GPT excels at managing complex conversation threads even though it is trained only on past data. Combining Chat GPT and Gemini AI leads to the most accurate and current trading forecasts.

AI alone, can't be reliable - a proven, solid strategy must back it up. FXAutomater deliver results that stand out with their AI-powered strategy Infinity Trader!

Visit Infinity Trader Website
4.9/5
136 total votes.
Last Reviewed On:
Thurs, 18 Apr 2024
Forex Gold Investor trades by the use of precise entry and exit trading algorithms with drawdown protection system, intelligent money-management system, revolutionary "Go Long" trading system, and broker SPY module.
Visit Forex Gold Investor Website
4.88/5
68 total votes.
Last Reviewed On:
Thurs, 14 Mar 2024

Investing in intraday seasonal volatility patterns driven by news events is the goal of News Catcher PRO, which is a sophisticated mean-reversion trading strategy.

News Catcher PRO does not use martingale or grid by default (optional grid is available).

Visit News Catcher PRO Website
4.9/5
23 total votes.
Last Reviewed 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.

4.9/5
17 total votes.
Last Reviewed 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.

Visit Trend Matrix EA Website
5/5
516 total votes.
Last Reviewed 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.

Visit Pips Master Pro Website
4.7/5
33 total votes.
Last Reviewed 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.

Visit FX Scalper Website
5/5
65 total votes.
Last Reviewed 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.
Visit Happy Market Hours Website
4.78/5
252 total votes.
Last Reviewed 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.

Visit FX Jetbot Website
4.8/5
23 total votes.
Last Reviewed 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.

4.8/5
19 total votes.
Last Reviewed On:
Mon, 17 Apr 2023

Wave Scalper is based on Elliot Wave theory.

Visit Wave Scalper Website
5/5
35 total votes.
Last Reviewed 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.

Visit FXCipher Website
4.8/5
15 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.