MyFxBots Forex Robots Trading Strategy Analysis, Exploring and Review Page 6

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.

By measuring market volatility and oscillation, accounting trends and tracking price action, the robot can use the resulting data and combine it perfectly with its settings and built in indicators as CCI, Moving Averages, WPR, and others to wipe out the majority of harmful and bad signals, what finally results in being a huge win rate system.
Vortex Trader PRO uses a MySQL database to broadcast trading signals, it trades around the clock as was proved by its live performance statements with an average win of 11 pips and average loss of 21 pips.
Currency Pairs: EURUSD, GBPUSD
TimeFrame: All
Updated On: Sat Feb 7th, 2015
47 total votes.
Arbitrage trading strategy where a certain currency positions are being opened depending on two different broker price feeds. It exploits differences in the price from each feed and profits from those discrepancies.
TimeFrame: M1
Updated On: Sun Sep 14th, 2014
425 total votes.
Fapturbo 2.0 trades 6 pairs with an extremely high trades frequency in addition to the crypto-currency Bitcoin, the electronic money that is making news.
Currency Pairs: 6 Pairs + Bitcoin
TimeFrame: M15 for Bitcoin trading and H1 for Multicurrency trading.
Updated On: Fri Jun 6th, 2014
500 total votes.
Forex Megadroid is an Asian session scalper, it resets its algorithm according to the current market conditions insuring your profits and minimizing your losses, it applies a new technology called RCTPA (Reverse Correlated Time And Price Analysis), it's able to trade without being detected by the broker.
Currency Pairs: EURUSD
TimeFrame: H1
Updated On: Sun Jun 1st, 2014
461 total votes.
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.
Currency Pairs: EURUSD, GBPUSD
TimeFrame: M15
Updated On: Fri Feb 14th, 2014
559 total votes.
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.
Currency Pairs: GBPUSD and EURUSD are recommended while USDJPY and USDCHF are supported too.
TimeFrame: M15
Updated On: Wed Jan 22nd, 2014
438 total votes.